IFC Acquires 18% of the shares of Fawry!!
IFC, affiliate of the World Bank acquired 18% of the shares of «Fawry» to increase the Capital of «Fawry» and more company expansions.
This deal is the first investment for the International Finance Corporation (IFC) of the World Bank in Egypt in the new year, pointing out that this investment is important in light of the difficult circumstances that the country is going through at the political and economic levels.
The shares distribution of «Fawry» goes between several Egyptian and foreign banks, including Alexandria The Sao Paolo and the Arab African International Bank, in addition to Raya Holding Company and Capital Trust and the Government Technology Development Fund