October 7, 2021

NBE to acquire 20% stake of Mwasalat Misr


ArabFinance: The National Bank of Egypt (NBE) has signed a shareholder agreement with Mwasalat Misr to acquire 20% of the company’s shares via capital increase, Al Mal News reported.

NBE's Chairman, Hisham Okasha, said that signing the deal falls in line with NBE’s role in achieving the sustainable development goals (SDGs) and Egypt Vision 2030 by developing the passenger transportation system.

Okasha added that the investment in Mwasalat Misr, one of the largest mass transportation companies, is aimed at diversifying the bank's funding for long-term projects by financing infrastructure projects, especially the transport sector.

Under the deal, passengers will be able to pay for services through digital channels such as the mobile app and prepaid cards in a move that supports the bank's digital transformation and financial inclusion plans.

arabfinance


Categories : banking

Finance & Economy

EngageSmart to Announce Third Quarter 2021 Financial Results on November 10, 2021

2021-10-20 10:00:00
EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically-tailored customer engagement software and integrated payments solutions, will report third quarter 2021 financial results after the close of the market on Wednesday, November 10, 2021. Management will host a conference call to discuss the results at 5:00 p.m. ET. The conference call will be webcast......
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