Initial Public Offering of Fawry
Cairo, Egypt - March 22, 2019
EFG Hermes Promoting and Underwriting S.A.E. announces the successful closing of the Institutional Offering for the Initial Public Offering of Fawry for Banking and Payment Technology Services S.A.E., the leading e-payments player in Egypt. The Institutional Offering was 15.9x oversubscribed at the Offer Price of EGP 6.46 per share.
Full Press Release