Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments announced that its ordinary general meeting (OGM) approved a board reshuffle.
The resignation of the International Finance Corporation (IFC) from Fawry’s board of directors has been accepted, the company said in a statement to the Egyptian Exchange (EGX) on Thursday.
The company’s shareholders approved the appointment of Ahmed Nabil El-Saeed, Shehab Ezzat Zidan, Hossam El-Din Abu Moussa as board members representing the National Bank of Egypt (NBE), Banque Misr, and Actis Egypt Payments Mauritius, respectively.
In addition, Fawry’s OGM also decided to appoint Rafaat Habib as an expert board member.
It is noteworthy that during the first half of 2019, the e-payment platform’s net profit amounted to EGP 33.6 million, up from EGP 29.6 million in the year-ago period, including minority shareholders’ rights.
