Top 50 Listed Companies
In Egypt 2022

46. Fawry for Banking and Payment Technology Services

Sector: Financial services

 Founder and CEO: Ashraf Sabry

Market value: $448 million

Sales: $89 million

Profits: $13 million

Assets: $222 million

Fawry allows users to pay bills and other services, such as recharging electricity meters, pay traffic fines, and renew car licenses. The company processes more than three million transactions per day, serving 40.5 million customers. It handled $7.1 billion in 2021, a 61.5% increase compared to 2020. ADQ also acquired 12.6% of Fawry for $68.6 million and signed a rights issue for another 201.6 million shares worth $54.9 million. In 2021, Fawry acquired minority stakes in elmenus, Brimore, and Alsoug.