The Egyptian E. Finance begins to gain revenue from Saudi Arabia and studies the entry of Oman

E. Finance Financial Investments and Seamatic Investments are studying Arabic expansion to enter the Omani market after the Saudi Arabia was expanded at the end of last year, according to Ibrahim Sarhan, chairman of the company and the managing director of Al Sharq. Financial and digital transactions technology, responsible for the financial network of the Egyptian government, increased its share to about 26%last year. Sarhan added to Al -Sharq that his company will start registering revenue from the Saudi market between the third and final quarter of this year. “E Finance” provides solutions to the electronic payment system for a number of ministries and government agencies, including the Ministry of Social Solidarity, Petroleum, Finance, Tourism, Justice, Communication and Information Technology, Economic Development and Economic Development, Military Production and Investment, and Home Affairs, as well as the Customs Authority and the National Social Association and Private Agency. Sarhan explained to Al -Sharq that there are a number of foreign and Arab investment funds that have been talking to investing in the field of financial technology since the end of last year. During the fourth quarter of last year, the company’s profits fell 9% to 110.3 million pounds in the fourth quarter of 2023, despite the growth of turnover from 60.6% to 1.134 million pounds. On an annual basis, last year’s gains of the collected company increased by 56.4% to 1.257 billion pounds, which achieved the highest level in its history, driven by revenue that increased 45.8%.