Fawry Establishes Holding Company to Expand Investments
The new parent company lets the Egypt-based fintech streamline restructuring, create specialised units, and pursue acquisitions under one legal entity.
Egyptian fintech company Fawry for Banking Technology and Electronic Payment has established Fawry Holding for Financial Investment to bring its subsidiaries under a single umbrella and expand its investment portfolio.
The Financial Regulatory Authority’s Committee for the Establishment and Licensing of Companies approved the holding company. The entity launches with authorised capital of LE 50 million (around $1 million) and paid-in capital of LE 5 million (approximately $105 thousand), with Fawry contributing 99.99% of the capital.
Fawry stated the structure comes amid expanding investment activity, growing opportunities, and the need to restructure existing subsidiaries. The new framework is designed to consolidate stakes across related and diverse activities, coordinate operations between subsidiaries and the parent, and enable the creation of specialised companies under the same umbrella.
It also provides for participation in new ventures and the acquisition of existing businesses, including obtaining activity licences and pursuing integration across sectors to generate added value.
