July 10, 2019 / 7:31 AM / 13 days ago

Egyptian digital payments company Fawry preparing for IPO

CAIRO, July 10 (Reuters) - Egyptian digital bill payments company Fawry has begun preparing for a share offering on the country’s stock exchange, Managing Director Mohamed Okasha said on Wednesday.

Fawry is planning the share offering for this year or early 2020, he said. Details on the size of the offering or the company’s valuation have not yet been agreed, Okasha added.

Reporting by Ehab Farouk; Writing by Yousef Saba, editing by Deepa Babington

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