CEO of Agthia Group reveals the company expansion plan and vision for the Egyptian market.
According to Bloomberg, the PIF is almost done with its due diligence on the transaction and plans to purchase the bank through its Egypt-based investment vehicle
The company will have acquired 55% of Vodafone Egypt in a block trade transaction on the EGX last week for an estimated EGP 59.7 billion ($2.4 billion), amounting to 132 million shares
Currently, MNT-Halan provides FinTech services including small business and consumer lending, payments, and e-commerce, as well as delivery and ride-hailing services
The statement added that EFG Hermes’ board has agreed to allow FAB to conduct its due diligence for the potential deal