Fawry Deepens Partnership with Svreico through 80% Stake Acquisition in Svreico’s Smart Village Property

Fawry, Egypt’s leading digital payments firm, has acquired an 80% stake in Svreico's administrative building located in the Smart Village, signaling a significant enhancement in their ongoing partnership. This acquisition will provide Fawry with access to state-of-the-art facilities, boosting its digital payment services, as announced by Svreico Real Estate Investment Company.

The relationship between Fawry and Svreico began in 2021 when Fawry initially secured two floors in the building. The recent deal marks a major progression, granting Fawry ownership of the majority of the building.

Hisham El-Far, Chairperson and CEO of Svreico, noted that this agreement reflects Svreico’s 17-year legacy in real estate services and highlights its ability to offer flexible solutions supporting industry leaders like Fawry. He added that the partnership will not only provide Fawry with more space but also enhance its commercial and administrative capabilities, including access to server facilities, parking, and storage.

Source: Daily News Egypt