Fawry Studies Expansion into the Iraqi Market

Fawry, the leading financial company in Egypt, is currently studying opportunities to expand into the Iraqi market as part of its regional expansion plan. A new management team is working on evaluating regional markets, including Iraq, Saudi Arabia, and the UAE, to select the best opportunities that fit the company’s strategy.

Fawry plans to launch three new investment funds focusing on gold, Egyptian index funds, and Sharia-compliant shares. This step reflects the company’s vision to transform from a local payment service provider into a leading regional player in fintech and investment.

Since launching the “Fawry Daily” fund in 2022, the company has succeeded in attracting about 140,000 clients, with assets under management amounting to 2.5 billion Egyptian pounds.