MTI to acquire new indirect stakes in Masary, Bee, to merge 2 companies in H1of 2020
Ebtikar increased its stake in Masary to reach 54.9% by acquiring 9.1%
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Ebtikar increases stake in e-payments firm Masary to 45.8%
The statement indicates that the deal was worth EGP 42m, accordingly, it will increase MM Group’s stake in Masary to 35% from 29%.
MTI plans to merge Bee, Masary e-payment platforms by 2020
Investor Relations and Business Development Manager at MTI, Ashraf El-Ghannam, said the group will focus on enhancing profitability by increasing contribution of high-profit-margin business lines, and replicating MTI’s business model to its recently consolidated subsidiary Qanawat.
Masary targets doubling POS to reach 150,000 POS end 2020, has 30% market share: Chairperson, CEO
FinTech forefront of financial inclusion in Egypt, we aim to process 2m transaction daily end 2019, says Nagy
Ebtikar for Financial Investment announces 33.7% acquisition of Masary for EGP 130m
Ebtikar for Financial Investment, a B Investments portfolio company and a leading investor in the non-banking financial services sector with a shareholder base, announced the acquisition of 33.7% of Masary in a transaction valued at EGP 130m on Monday. Masary is a leading company operating in the electronic payments sector in Egypt, with around 60,000 …