40. eFinance Investment Group
Sector: Financial services
Chairman and CEO: Ibrahim Sarhan
Market Value: $1.1 billion
Sales: $85 million
Profits: $26 million
Assets: $192 million
The eFinance Investment Group’s flagship subsidiary is eFinance for Digital Operations, which processes the Egyptian government's G2G, G2B, and G2C payments. In 2022, the third-party acquiring platform processed a total of $77.6 billion in payments and collections for the Egyptian government. PIF’s Saudi Egyptian Investment Company is the largest shareholder with a 25% stake, while the National Investment Bank owns 21.8%, and four entities—Banque Misr, the National Bank of Egypt, the Egyptian Banks Company, and Egyptian Company for Investment Projects —each own 6.7%. In April 2023, the group kicked off its international expansions with the signing of an MoU with Saudi’s Thiqah Business Services.