eFinance completed the acquisition of a 25% stake in Al Ahly Momken.

eFinance, an Egyptian digital payments and fintech company, completed the acquisition of a 25% stake in Al Ahly Momken, an integrated, cloud-based platform designed to simplify financial operations. Financial terms were not disclosed. “The acquisitions are part of the Group’s investment strategy, focusing on maximizing shareholder returns and financing future growth by conducting investments that add value to the Group and its subsidiaries. These strategic transactions are a significant step in accelerating our growth strategy, which is strongly supported by our shareholders,” Ibrahim Sarhan, e-finance Chairperson and Managing Director.