Synergy Capital-Led Consortium Acquires Misr For Financial Investments for EGP 79.5 Million
Author:
SysOP
Category:
Company News
Cairo, Egypt — [Insert Date] — A consortium led by Synergy Capital today announced that it has signed agreements to acquire Misr For Financial Investments (MFIC) for a total consideration of EGP 79.5 million, pending final regulatory approvals.
MFIC, one of Egypt’s oldest and most established financial services firms, offers a broad range of services including securities brokerage and custody, asset management, and investment banking. Over the years, MFIC has built a trusted reputation and an extensive client base across Egypt’s capital markets.
“This acquisition represents a strategic step in our ambition to become a leading player in Egypt’s financial services sector,” said Mohamed Seddik, Managing Director, Synergy Capital. “MFIC’s long-standing expertise and strong market position complement our growth strategy and will enable us to deliver even greater value to clients.”
MFIC Spokeman added, “Joining forces with Synergy Capital will strengthen MFIC’s capacity to innovate and expand its offerings while maintaining the high standards of service that our clients have come to expect.”
Upon completion of the transaction and regulatory procedures, Synergy Capital and MFIC will work closely on a seamless integration plan. The combined organization aims to leverage MFIC’s legacy and Synergy Capital’s resources to drive growth and innovation in Egypt’s dynamic financial services landscape.
About Synergy Capital
Synergy Capital was founded with one mission: to reshape Egypt’s financial services industry by combining global standards with local expertise and cutting-edge technology.
Established by Mohamed Seddiek and Mona Shalaby, Synergy Capital is more than just a financial services group, it is the result of decades of experience across the sell side, buy side, debt markets, and investment banking. In a market where only a handful of players can claim such founder-led depth, Synergy Capital stands as a unique force for growth, innovation, and trust.
Short Summary:
A consortium led by Synergy Capital has successfully concluded the acquisition of Misr For Financial Investments (MFIC) for a total consideration of EGP 79.5 million, pending final regulatory approvals.
