Tamweely Financial Services
Egyptian non-bank lender to micro, small and medium-sized enterprises, founded in 2017 with about 250 branches; owned by a private-equity and development-finance consortium since 2024 and agreed in August 2026 to be sold to E-finance.
Industry: Microfinance and SME lending | Location: Egypt | Founded: 2017
About Tamweely Financial Services
Tamweely Financial Services is an Egyptian microfinance and MSME lender founded in 2017. It started with state-linked backers, including NI Capital, Ayady for Investment and Development and Post for Investment, and an initial investment of EGP 50 million. According to 2026 reports it operates around 250 branches across 24 governorates, has disbursed roughly EGP 20 billion in financing to more than 600,000 clients, and more than half of its financing beneficiaries are women. In 2024 coverage the network was put at 230 branches with more than 3,950 loan officers. Ahmed Khorched was named as chief executive and managing director in the 2024 acquisition coverage. In September 2024 a consortium of private equity manager SPE Capital, the European Bank for Reconstruction and Development, Tanmiya Capital Ventures and British International Investment agreed to buy 100 percent of the company in a deal valued at more than EGP 2.5 billion, with reports putting it at roughly USD 52 to 57 million depending on the exchange rate used. Egypt's planning minister described the sale as a successful example of a government-backed initiative and of the state's gradual withdrawal from certain sectors. In August 2026 E-finance for Digital and Financial Investments, a Cairo-listed group roughly a quarter owned by Saudi Arabia's Public Investment Fund, agreed to acquire 100 percent of Tamweely for up to about EGP 4.8 billion, around USD 94 to 95 million. Some outlets cite EGP 4.75 billion. The consideration combines about EGP 956 million in cash, roughly 146 million new E-finance shares issued at EGP 26.34 each, which would leave Tamweely's sellers with around 4 percent of the enlarged company, and a deferred cash portion tied to Tamweely meeting net-income targets for 2026 and 2027. Completion requires approval from Egypt's Financial Regulatory Authority and the Egyptian Competition Authority, and E-finance expects to close in the third or fourth quarter of 2026. E-finance is best known for running digital payment infrastructure, including government payment systems, and says it wants to combine Tamweely's lending with its transaction data to underwrite borrowers beyond traditional collateral. Analysts quoted in the press see the deal as partly driven by a freeze on new non-bank financial licences in Egypt, which pushes companies that want to lend towards acquisitions.
Leadership
- Ahmed Khorched, Chief Executive Officer and Managing Director