June 25, 2018

Ebtikar for Financial Investment Announces the Acquisition of 33.7% of Masary in a Transaction Valued at EGP 130 Million

Ebtikar for Financial Investment S.A.E (“Ebtikar”), a leading investor in the Non-Banking Financial Services sector with a shareholder base that includes MM Group for Industry and International Trade S.A.E – MTIE.CA” and B Investments Holding S.A.E – “BINV.CA” announces today the acquisition of 33.7% of Masary in a transaction valued at EGP 130 million. Masary is a leading company operating in the Electronic Payments sector in Egypt with around 60,000 Points of Sale (PoS).

The acquisition of Masary marks the 4th investment for Ebtikar within the past year, after its previous investments in TBE Egypt for Payment Solutions and Services “Bee”, Vitas Misr for Microfinance and its most recent acquisition of Tamweel Group.

“The acquisition of Masary positions Ebtikar as one of the leading investors in the Electronic Payments sector in Egypt” said Mr. Aladdin Saba, Chairman of Ebtikar.

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