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Hermes to complete Tamwilay deal by 2026
E-Finance for Digital and Financial Investments expects to complete its acquisition of Tamweeli Financial Services before the end of 2026, through a combination of cash and new shares, subject to the fulfillment of regulatory conditions and approvals. The deal will integrate Tamweeli’s platform with the non-banking financial services it offers, expanding its capacity to finance small and medium enterprises and strengthening its technological infrastructure. This sets the stage for recurring revenue growth and opens new opportunities for expansion in the digital market and the financial infrastructure. This step comes amid the development of the Egyptian capital market, where companies are increasingly using shares as a strategic acquisition tool, improving market valuations and increasing liquidity.
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