Egypt's Fawry to Launch Three New Investment Funds, Eyes KSA, UAE, Iraq for Expansion
Egyptian fintech giant Fawry is set to launch three new investment funds focusing on gold, Egyptian stock exchange ETFs, and Sharia-compliant shares, founder and CEO Ashraf Sabry announced in a roundtable discussion with Alarabiya Business. The company also plans to invest up to EGP 150 million in promising firms this year and is actively exploring expansion into Saudi Arabia, the UAE, and Iraq.
Fawry Diversifies with New Investment Funds
Building on the success of its "Fawry Daily" fund, which launched in early 2022 and has since garnered around 130,000-140,000 clients with assets under management reaching EGP 2.5 billion, Fawry is expanding its investment offerings. The three new funds will cater to diverse investor interests:
A fund focused on gold.
A fund for Egyptian stock exchange ETFs.
A fund dedicated to Sharia-compliant shares.
EGP 150M Investment Drive in Complementary Businesses
Looking ahead, Fawry intends to make significant strategic investments. By the end of the current year, the company plans to invest up to EGP 150 million in promising companies. The primary aim of these investments will be to acquire controlling stakes in businesses that complement Fawry's core operations, likely to enhance its service ecosystem.
Regional Expansion on the Horizon: KSA, UAE, Iraq Targeted
On the regional front, Fawry is actively exploring expansion opportunities in key Middle Eastern markets, specifically Saudi Arabia, the UAE, and Iraq. While no final decisions regarding target markets or timelines have been made, a newly appointed management team has been tasked with thoroughly evaluating these expansion options to identify the best strategic fit for the company’s ambitions.
Strategic Evolution: From Payments Provider to Regional Investor
Fawry’s latest strategy reflects a broader vision to evolve from its strong position as a domestic payments provider in Egypt into a significant regional fintech and investment player. These moves indicate a clear ambition to leverage its established platform and market expertise for wider financial engagement.
Recent Milestones and Past Investments
This expansion and fund launch strategy builds on previous activities. Fawry had previously invested approximately USD 1.6 million (EGP 80M) in three Egyptian tech companies, aiming to enhance its comprehensive digital services for businesses and enable those companies to scale.
More recently, in March 2025, Fawry announced that its fully owned subsidiary, Fawry MSME Finance, secured an Islamic finance license from Egypt's Financial Regulatory Authority (FRA), further broadening its financial service capabilities.
About Fawry
Fawry is a leading Egyptian fintech company providing comprehensive e-payment network and digital financial services to consumers and businesses across various channels.
Looking Ahead
Fawry's plans to roll out new investment funds and explore significant regional expansion mark an exciting new chapter for the Egyptian fintech leader. These initiatives are poised to diversify its revenue streams, strengthen its market position across MENA, and offer new investment avenues for its extensive client base.
Source: Waya Media