EFIG signs an MoU with Saudi "Thiqah" to expand business outside of Egypt
EFIG took its first step towards expanding its business beyond the borders of Egypt and penetrate the Arab and African markets, The Group signed an MoU with the Saudi Company “Thiqah Business Services”, which specializes in providing innovative digital transformation solutions and digital services to the public and private sectors in Saudi Arabia. This agreement will result in maximizing returns for our shareholders and securing foreign currency sources of revenue.
The MoU between EFIG and the "Thiqa" comes within the framework of both parties' continuous efforts to strengthen international partnerships and benefit from each other’s expertise and experiences in the smart solutions field, in addition to improving and developing digital services in the Arab world.
Ibrahim Sarhan, Chairman and CEO of EFIG, expressed his pride in signing the MoU with Thiqa, adding that the Saudi market is one of the fastest growing markets in this period and has unlimited growth potential, making it the first choice for the group to expand abroad.
The MoU was signed by Mr. Mahmoud Hosny, Chief Investment & Strategic Planning Officer of EFIG and Eng. Bader bin Abdullah Al-Omari, CEO for Commercial and Strategic Partnerships at THIQAH Business Services in the presence of Eng. Hossam EL-Goly, CEO of eFinance.