Fawry to Roll Out Three Funds and Targets Saudi, UAE, and Iraq

Fawry, a leading Egyptian fintech company, is expanding its reach by planning to launch three new investment funds focusing on gold, Egyptian stock exchange ETFs, and Sharia-compliant shares. This initiative was shared by Fawry's founder and CEO, Ashraf Sabry, during a recent roundtable discussion with Alarabiya Business.

Current Success and Future Investments
The move builds on the success of their "Fawry Daily" fund, which launched in early 2022 and has since attracted 130,000–140,000 clients, managing EGP 2.5 billion in assets. Looking ahead, Fawry aims to invest up to EGP 150 million by the end of the year in promising companies, primarily seeking controlling stakes in businesses that complement their core operations.

Regional Expansion and Strategic Vision
On the regional front, Fawry is actively exploring expansion opportunities in Saudi Arabia, the UAE, and Iraq. While no final decisions have been made on specific target markets or timelines, a newly appointed management team is diligently evaluating these options to ensure the best strategic fit. This expansion reflects Fawry's broader vision to transform from a domestic payments provider into a significant regional fintech and investment player.

Recent Developments
In related news, Fawry previously invested approximately USD 1.6 million (EGP 80 million) in three Egyptian tech companies to enhance its digital services for businesses, while also helping these companies scale their offerings. Additionally, in March 2025, Fawry announced that its wholly-owned subsidiary, Fawry MSME Finance, had secured an Islamic finance license from the Financial Regulatory Authority (FRA).