EFG Holding’s arm seeks licenses for digital contracts, ID services in 2024

Updated 1/29/2024 7:30:00 AM
EFG Holding’s arm seeks licenses for digital contracts, ID services in 2024

Arab Finance: EFG Finance, a subsidiary of subsidiary of EFG Holding, is seeking to obtain licenses to provide the services of digital contracts and digital identity (ID) for non-banking financial activities within 2024, EFG Hermes’ CEO of Non-Banking Finance Sector Alaa Afifi told Asharq Business.

The company also aims to receive a small and medium-sized enterprises (SMEs) finance license, Afifi added.

Obtaining these licenses will serve the digital infrastructure of all of the group’s subsidiaries that run non-banking financial activities, Afifi said.

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