EFIG announced today its standalone and consolidated results for the nine-month period ended 30 September 2023. The Group’s consolidated revenues rose by 42.7% y-o-y to EGP 2,764.8 million as the Group reaped the rewards of strong performances from its portfolio of subsidiaries. Strong top-line results trickled down to the Group’s EBITDA, which expanded by 44.1% y-o-y to EGP 1,313.8 million. At the bottom-line, EFIG’s net profit after non-controlling interest (NCI) surged by 68.1% y-o-y to EGP 1,147.4 million, yielding a y-o-y net profit margin increase of 6.3 percentage points to 41.5% during the nine-month period. The Group has kicked-off the second half of the year on an impressive note and has booked record results across the board, with our performance across all metrics continuing to reflect our innovative approach to doing business, the operational strength of our portfolio companies, the rewards generated from our growing investments across key sectors, as well as the rising demand for digital solutions from the sectors, businesses, and people we serve. The Group’s consolidated revenues increased by 42.7% y-o-y to EGP 2,768.4 million in 9M2023 following strong broad-based growth across the Group’s subsidiaries. eFinance Digital Operations was the primary revenue growth driver as the subsidiary reported solid results across all its business segments, followed by solid results from eCards, eKhales, and enable. On a quarterly basis, the Group saw its top-line expand by 52.3% y-o-y to stand at EGP 1,029.3 million at the close of 3Q2023.   Click Here for the full Earnings Release

eFinance Investment Group was chosen to be a part of the prestigious Fortune 500 Arabia list, joining this prestigious ranking in its inaugural edition is a recognition by Fortune Arabia and it underscores our company's impact on the region's economy and society. The group has made its debut in the list in 2023, reflecting our leading position as a digital transformation enabler. The first edition of Fortune 500 Arabia was launched this year, presented in both Arabic and English versions through Fortune Arabia by Majarra. It features the 500 largest companies in the Arab region from the Middle East and North Africa. The data collection process for the list follows strict guidelines and is based on nine months of thorough and proven research to guarantee accuracy. This ensures that only the most impactful companies are part of this classification.

EFIG has signed a cooperation protocol with Misr Insurance Company, one of The Sovereign Fund of Egypt's companies and a pioneer in Egyptian property insurance, with the goal of providing call center services and electronic collection to Misr Insurance customers. Mr. Ibrahim Sarhan, Chairman and CEO of EFIG, and Mr. Omar Gouda, Managing Director and CEO of Misr Insurance Company, signed the protocol in the presence of several leaders from the two companies' departments involved in digital transformation, digital financial services, and digital communication mechanisms with insurance consumers. Ibrahim Sarhan expressed his gratitude for Misr Insurance Company's efforts to provide the best digital services to its customers in light of Egypt's comprehensive digital transformation, which drives The Group to exert even more effort to achieve the best services and added digital values that Misr Insurance customers will receive. He emphasized the importance of digital transformation in the insurance sector in light of rapid digital development, which has resulted in tremendous changes in the global economic arena, necessitating the insurance sector in Egypt to provide advanced digital services to keep pace with the new competitiveness in a way that supports the sector's customer base while demonstrating its ability to be one of the most capable of technology development and proactive in the fields of digital transformation for its diversified services. Omar Gouda expressed his excitement about working with EFIG, through which Misr Insurance Company hopes to stay up with the significant advancement in communication and technology advancements, as well as harness the best modern digital solutions to serve consumers. He went on to say that Misr Insurance Company believes that good customer service is the main pillar of the company's excellence, strengthening its positive mental image, enhancing its brand, and thus contributing to its success, as it is an essential part of a successful business strategy and a key factor for growth and progress.   Misr Insurance Company, in collaboration with EFIG, aims to provide an advanced service to keep up with the growth of communication media in a way that achieves the company's objectives by providing many distinguished services to customers that make the insurance experience unique and distinct. The collaboration entails providing a variety of services, including an integrated communication center with a qualified and trained team that answers all inquiries received on the company's hotline, website, or social media and works to resolve customer complaints and prepare the necessary data to improve and develop the service provided to ensure the highest levels of satisfaction. EFIG will also provide electronic collection services to "Misr Insurance" by providing proper electronic collection channels and services so that customers can pay for insurance products electronically, saving time and effort while also providing a diverse range of payment options, such as bank cards, electronic payment accounts, and mobile applications, which contributes to the simple and convenient implementation of payment procedures and encourages customers to select the convenient insurance coverage for them with the simplest and fastest procedures.