Overview of Transaction

• Headquartered in Cairo, Egypt, on August 8, 2019, Fawry priced its Combined Offering at EGP 6.46 per share on the Egyptian Stock Exchange, raising approximately $100 million
• Demand was extremely high for this transaction, with the Combined Offering being oversubscribed more than 30x
• Fawry is Egypt’s largest electronic payment network, processing more than 2 million transactions daily for more than 20 million customers
• Fawry offers services including electronic cash payments, bill payments and B2B fund transfers, providing access to financial services to Egypt’s large unbanked population
• In 2018, the Company processed ~$2 billion of transactions and posted revenue of ~$36.7 million and an adjusted EBITDA of ~$9.2 million

Significance of Transaction

• Fawry's Public Offering is the largest FinTech offering ever in Egypt
• High demand (30x oversubscription) demonstrates strong investor appetite for high growth FinTech companies in emerging markets

FT Partners' Role

• FT Partners served as exclusive financial and strategic advisor to Fawry on this transaction
• FT Partners also advised Fawry on its ~$58 million local private placement to Actis, National Bank of Egypt and Banque Misr which occurred concurrently with the Public Offering
• This transaction further supports FT Partners’ continued success in advising leading FinTech and Payments companies
• FT Partners leveraged its deep industry knowledge, extensive transaction expertise, and broad scope of relationships to achieve a highly favorable outcome for Fawry