Shahid Law Firm on eFinance’s stake acquisitions

Shahid Law Firm advised eFinance Investment Group for the acquisition of a 25% stake in AI Ahly Momkn for e-payments and a 13% stake in Easy Cash for digital payments.

About the acquisitions

These acquisitions are part of E-Finance’s investment strategy aimed at maximizing shareholder returns and facilitating digital payments for individuals and companies, supporting the efforts of the Central Bank of Egypt and other banks and non-banks to accelerate digital transformation and achieve Egypt’s Vision 2030. The National Bank of Egypt (NBE) being the largest strategic partner in both transactions adds further significance.

The team

Partner and head of venture Rehan El Bashary (pictured) led Shahid Law Firm’steam, which conducted due diligence investigations, led legal negotiations and drafted and reviewed all transaction documents.