eFinance Shares Hit New All-Time High on Egypt Exchange, Market Capitalization Tops EGP 62 Billion
Shares of eFinance for Digital and Financial Investments recorded a new historic high on the Egyptian Exchange during the second week of December, as strong institutional buying and rising investor appetite for fintech and digital transformation stocks fueled a sharp rally in the company’s share price.
The fintech sector witnessed notable momentum last week, supported by improved market liquidity and growing optimism toward technology-driven businesses. Within this context, eFinance emerged as one of the top performers on the exchange, benefiting from strong trading volumes and sustained demand.
The company’s share price jumped 8.96% week-on-week, closing at EGP 18, compared with EGP 16.52 in the previous week. As a result, eFinance’s market capitalization increased by approximately EGP 6.24 billion, reaching EGP 62.4 billion, up from EGP 56.16 billion a week earlier, marking a new record valuation for the stock.
Trading activity remained robust, with around 23.5 million shares changing hands during the week, at a total value of approximately EGP 416 million, reflecting heightened investor interest and strong market confidence in the company’s growth prospects.
eFinance’s ownership structure is led by Saudi Egyptian Investment Company, which holds 25.75% of the shares, followed by the National Investment Bank with 21.81%. Other major shareholders include Banque Misr with 6.90%, the National Bank of Egypt with 6.70%, Banks of Egypt Company with 6.70%, and the Egyptian Investment Projects Company with 6.70%, while the remaining 25.44% is held by other investors.
Market analysts attribute the stock’s strong performance to eFinance’s strategic position at the heart of Egypt’s digital transformation agenda, its expanding role in financial and government digital services, and continued confidence from institutional investors in the long-term growth of the fintech sector.