FRA allows e-Finance to move forward with Tamweely acquisition
· Egyptian market news · ARAB
The Financial Regulatory Authority (FRA) has allowed e-finance for Digital and Financial Investments to move forward with its acquisition of around 99.32% of Tamweely Financial Services, as per a disclosure.
The transaction requires e-Finance to increase its issued and paid-up capital to EGP 1.806 billion from EGP…
Source: Arab Finance — read the original story