Home MoneyBanks Egypt’s Prime Holding to IPO fintech unit within two years – CEO

Egypt’s Prime Holding to IPO fintech unit within two years – CEO

by Islam salah
Prime Holding

Egyptian investment bank, Prime Holding aims for an initial public offering (IPO) of its fintech unit within two years, chief executive Mohamed Maher said on Tuesday.

Maher said in a press conference in Cairo that the newly-launched unit, Prime Fintech currently has a capital worth up to 75 million Egyptian pounds ($4.8 million), and will be increased to 100 million pounds at the end of the current year.

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