Arab Finance: EFG Finance, the non-bank financial institution's arm of EFG Holding, has announced divestment from PayTabs Egypt by selling its 51% stake to PayTabs Global for an undisclosed amount, as per an emailed press release.
The transaction is part of EFG Finance’s plan to streamline operations and improve efficiency across its portfolio.
The sale is not expected to have a material impact on EFG Holding’s financial position. EFG Finance will continue focusing on expanding its financial services for individuals and businesses.
The company aims to provide clients with financial products that support their needs in a changing market.