E-finance For Digital and Financial Investments was established to operate the Egyptian government’s financial network. Its flagship subsidiary, e-finance for Digital Operations, processed 346 million government transactions in 2021 with a total value of $39.4 billion. In October 2021, the state-controlled company completed an IPO that valued it at $1.2 billion. It was the largest IPO in the Egyptian stock market since 2005, with proceeds amounting to $319 million. The company jointly launched e-Tax in 2021 with the Ministry of Finance and the Egyptian Tax Authority.