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Fawry’s board nods to removing property leasing from its activities

Fawry’s board nods to removing property leasing from its activities

ArabFinanceFawry for Banking Technology and Electronic Payment (FWRY) announced that its board of directors has approved the disclosure of Article 48 of the listing rules on the Egyptian Exchange (EGX), according to a statement.

The disclosure is set to be submitted to the Financial Regulatory Authority (FRA), including data related to the proposal of partially amending Article 3 of the company’s Articles of Association regarding removing the property leasing from the company’s activities, Fawry said.

The company has assigned the Chairman, Managing Director, and CEO to carry out any amendments on the disclosure in accordance with the FRA’s notes.

Fawry is an Egypt-based company that provides an electronic payment network. The company allows users to pay bills in multiple channels, such as online, using automated teller machines, mobile wallets, and retail points.

 

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