The Clap
eFinance for Financial and Digital Investments is setting its sights on expansion in Saudi Arabia next year, marking a strategic move in its international growth plans.
What
The expansion is in collaboration with the Saudi Arabian Public Investment Fund (PIF), which acquired a 25% stake in the company in 2022. This initiative includes a roadshow in Saudi Arabia to enhance cooperation and investment opportunities.
So What
In addition to its international endeavors, eFinance is also strengthening its domestic financial portfolio, with recent activities including the purchase of 1.2 million treasury shares.
Now What
As eFinance expands its footprint in the Middle East, it continues to be an important player in Egypt’s digital and financial investment landscape. This expansion may enhance the company’s market presence and capitalize on new growth opportunities.
