e-finance stock gains after EGP 956.37 million deal

Published on 09/22/2026 at 06:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

e-finance stock gains attention after an EGP 956.37 million payment was disclosed on September 21, 2026. The deal covers 99.32 percent of Tamweely.

EFIH, EGS743O1C013, Illustration mit AI erstellt.

e-finance for Digital and Financial Investments SAE (EGS743O1C013) is tied to an EGP 956.37 million cash payment after a transaction covering 99.32 percent of Tamweely Financial Services was disclosed on September 21, 2026. The deal also includes the planned issuance of 146.08 million e-finance shares at EGP 26.34 per share.

Tamweely deal sets the peg

According to Zawya on September 21, 2026, an extraordinary general meeting approved the acquisition of a 99.32 percent stake in Tamweely, equal to about 2.246 million shares. The transaction is planned in two phases, combining cash consideration with a share-swap element.

The first phase involves EGP 956.37 million in cash, while the second phase includes 146.08 million newly issued shares valued at EGP 26.34 each, according to Zawya on September 21, 2026. The figures make the acquisition structure more important than a simple cash purchase because the share issuance can affect ownership and the future share count.

Share issuance matters for valuation

The proposed EGP 26.34 issue value provides a concrete reference point for the equity component of the transaction. Compared with the EGP 956.37 million cash leg, the structure combines immediate funding with dilution risk that investors will need to assess against Tamweely's contribution to the enlarged group.

The disclosed stake covers about 2.246 million Tamweely shares, giving the transaction a defined operating perimeter rather than a broad strategic announcement. The approval date of September 21, 2026 also makes the implementation timetable and final share issuance the next practical variables for the stock.

Price and company data

e-finance operates in Egypt's digital and financial services market and trades on the Egyptian Exchange under the ticker EFIH. The transaction values the planned share component at EGP 26.34 per share, while the cash consideration is EGP 956.37 million, both dated to the September 21, 2026 disclosure.