E-finance confirms Tamweely acquisition at up to EGP 4.8 bn

Good afternoon, folks, and happy Thursday — the weekend is hours away.

Elsewhere in today’s issue:

But first, the news…

📍 E-finance will pay as much as EGP 4.8 bn for full ownership of MSME lender Tamweely Financial Services bourse filing (pdf) earlier this week

Transaction mechanics:

Part of that price has to be earned:

REFRESHER- in September 2024 for EGP 2.8 bn

About Tamweely: dropped “Microfinance” EGP 782 mn securitization EGP 1.2 bn EGP 250 mn EBRD facility

IN OTHER NEWS- reports statement

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