The Ministry of Tourism and Antiquities and eAswaaq Misr, a subsidiary of EFIG, announced the completion of the digitization and operation of the Abydos Temple in Sohag Governorate, marking the 100th site and museum digitized under the Ministry of Tourism and Antiquities.Recently, 22 additional archaeological sites and museums were added to the digitized ticketing system. The digitization process included developing and digitalizing the entire ticket booking system. The digitization of ticket issuance contributes to enriching the tourist experience, facilitating entry to tourist sites, and purchasing tickets using bank cards. It also contributes to tightening control over entry and thus helps to enhance the revenues of the Supreme Council of Antiquities.The Valley of the Kings now features a self-service kiosk that allows visitors to purchase additional tomb tickets without having to go back to the visitor center. The kiosk is operated by eAswaaq Misr, which is in charge of digitizing tourism and archaeological sites and will significantly improve visitor experiences while also generating income.Dr. Khaled Sherif, Assistant Minister of Tourism and Antiquities for Digital Transformation, stated that the digitization and development of the Abydos Temple was the result of the Ministry of Tourism and Antiquities' great efforts in collaboration with eAswaaq Misr, and it was one of the most significant steps towards digital transformation within all the ministry's works and services. The goal is to continue developing digitally to serve tourists and improve the efficiency of collecting and increasing the state's dollar resources.In light of implementing the Egyptian state's digital transformation strategy at all levels of sectors, ministries, and authorities, Mr.Ibrahim Sarhan, Chairman and CEO of eFinance Investment Group, stated that the digitisation of these archaeological sites has now been completed. This is the result of the work done by the Ministry of Tourism and Antiquities and eAswaaq Misr. He continued by saying that EFIG, along with all of its sister companies, has the best cadres, complete capabilities, and the most cutting-edge digital infrastructure to implement and expedite digital transformation processes at all levels. As a result, the group and all of its subsidiaries take great pride in their robust participation in supporting and implementing the digital transformation system in all economic sectors and in partnership with all ministries, government agencies, and the private sector.It is worth noting that the total number of archaeological sites open to visitors is 126 archaeological sites, in addition to 32 archaeological museums, and 100 sites and museums have been digitized and distributed across the governorates of Cairo, Giza, Ismailia, Alexandria, Beni Suef, Minya, Sohag, Qena, Luxor, Aswan, the Red Sea, and South Sinai, and their tickets can be purchased from the following website: egymonuments.com 

Forbes Middle East has unveiled its list of Egypt's Top 50 Listed Companies for 2024, recognizing the most prominent and successful enterprises. eFinance Investment Group has earned a place in their list for the 3rd year in a row, highlighting our substantial influence in the financial services sector & reflecting the group's strong and growing presence in the market.Led by Chairman and CEO Ibrahim Sarhan, EFIG has made significant strides in the industry through our flagship subsidiary, eFinance for Digital Operations. This recognition by Forbes Middle East highlights the dynamic and robust nature of Egypt's business landscape, celebrating companies that drive economic growth and innovation & underscores EFIG's pivotal role in advancing Egypt's financial landscape. Forbes Middle East launched its inaugural list of Egypt's Top 50 Listed Companies in 2022, spotlighting the most valuable and profitable companies in the country, and eFinance Investment group has been a part of the list ever since.

eFinance Investment Group delivered another record high year in terms of revenue, net profit, and margin expansions across the board, as revenue expanded by 47% y-o-y to EGP 3.9 billion and adjusted net profit reached an all-time high of EGP 1.5 billion an increase of 61% y-o-y with a margin expansion to 39.2%. EFIG announced today its standalone and consolidated results for the year ended 31 December 2023. The Group’s consolidated revenues grew by 47.5% y-o-y to EGP 3,898.6 million, driven by solid results across its portfolio of subsidiaries. On the profitability front, the Group EBITDA rose by 64.5% y-o-y to EGP 1,836.6 million, yielding an EBITDA margin expansion of 4.9 percentage points to 47.1% in FY2023. At the bottom-line, e-finance’s net profit after NCI witnessed a substantial 56.4% y-o-y increase to EGP 1,257.7 million, with an associated y-o-y net profit margin expansion of 1.9 percentage points to 32.3% in FY2023. Adjusted net profit, which adds back non-cash ESOP expense on an after-tax basis, reached EGP 1,529.3 million in FY2023Commenting on the Group’s performance, EFIG's Chairman & CEO Ibrahim Sarhan said: “The Group’s consistent strong performance underscores its ability to meet operational, financial, and strategic objectives amidst an ever-changing macroeconomic landscape. Despite market fluctuations in Egypt, due to heightened inflationary pressures and local currency devaluation, the Group successfully navigated through these obstacles with resilience and determination, culminating in a robust performance for FY2023.Click Here for the full Earnings Release