EGX Executes EGP 20 Million Block Trade on Fawry Shares Under Employee Incentive Plan
The Egyptian Exchange (EGX) announced on Tuesday the execution of a block trade on the shares of Fawry for Banking Technology and Electronic Payments, involving 3,493,918 shares with a total value of approximately EGP 19.9 million.
According to an official statement, the transaction was carried out under Fawry’s employee stock ownership and incentive plan.
Strong Financial Performance in Q1 2025
Fawry has continued to deliver robust financial results. The company reported a net profit of EGP 641.66 million for the first quarter of 2025, up from EGP 333.71 million during the same period in 2024 — reflecting significant year-on-year growth.
Revenues also saw a sharp increase, reaching EGP 1.79 billion in Q1 2025, compared to EGP 1.08 billion in Q1 2024.
The company’s performance underscores its growing role as a key player in Egypt’s digital payments and fintech sector, buoyed by strong consumer demand and a rapidly expanding digital ecosystem.