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EGX executes EGP 3.6bn deal on Fawry

EGX executes EGP 3.6bn deal on Fawry
The deal included 452.58 million shares
Fawry
FWRY
-6.46% 7.53 -0.52

Cairo – Mubasher: The Egyptian Exchange (EGX) carried out a protected transaction on the shares of Fawry for Banking Technology and Electronic Payments at a value of EGP 3.6 billion.

The deal included 452.58 million shares traded at EGP 8 apiece, the EGX said in a statement on Tuesday.

It is noteworthy that during the first nine months of 2019, Fawry’s net profits rose to EGP 76.25 million, compared to EGP 51.6 million in the year-ago period, including minority shareholders’ rights