Latest news with #IbrahimSarhan
Zawya
4 days ago
- Business
- Zawya
Egypt: eHealth, Health Ministry forge partnership to enhance National Digital Health System
Arab Finance: eHealth, a sister company of e-finance for Digital and Financial Investments, signed a cooperation agreement with the Ministry of Health and Population to operate and manage Egypt's National Digital Health System, according to a press release. The joint agreement aims to empower the ministry to develop a comprehensive roadmap for digital transformation in the healthcare sector. The strategic partnership includes integration with the Universal Health Insurance System, boosting governance, and ensuring interoperability of data across public, regulatory, and private stakeholders in the healthcare ecosystem. Moreover, the two sides will collaborate to develop an ideal investment model to promote key private-sector partnerships and encourage financial institutions to contribute to the financing of the digital healthcare infrastructure. Ibrahim Sarhan, Chairman of e-finance, highlighted the urgent need to accelerate digital transformation in the healthcare system. Sarhan expected a positive impact on Egypt's healthcare sector, lauding its contribution to improving the quality of services provided to all citizens. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
27-02-2025
- Business
- Zawya
Egypt: e-finance's consolidated profits jump 41.2% YoY in 2024
Egypt - e-finance for Digital and Financial Investments posted 41.2% higher consolidated net profits after tax and non-controlling interest at EGP 1.775 billion in 2024, compared to EGP 1.257 billion in 2023, the financial results showed. Earnings per share (EPS) increased to EGP 0.71 last year from EGP 0.49 in 2023, while the revenues climbed by 33.6% to EGP 5.209 billion from EGP 3.898 billion. As for the standalone business, the net profits after tax hiked to EGP 1.050 billion at the end of December 2024 from EGP 804.010 million a year earlier. Non-consolidated revenues increased to EGP 1.155 billion last year from EGP 808.004 million in 2023, while the basic and diluted EPS grew to EGP 0.39 from EGP 0.29. Ibrahim Sarhan, Chairman of e-finance, attributed the higher revenues to the strong performance of the group's flagship subsidiary e-finance Digital Operations. Sarhan added: 'Our top-line growth for the final quarter of the year was particularly impressive, with revenue expanding by 55.8% year-on-year, as well as 52.3% quarter-on-quarter in Q4 2024 to EGP 1.8 billion.' 'The group's strong margins for 2024 were largely supported by the solid margin expansion witnessed during Q4 2024, where EBITDA margin increased by 4.8% points YoY to 50.9% and net profit margin expanded by 12% points to 21.7%,' he stated. In the first nine months of 2024, the EGX-listed firm recorded 21.45% year-on-year (YoY) higher consolidated net profits after tax and non-controlling interest at EGP 1.393 billion. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
12-02-2025
- Business
- Zawya
Egypt: e-finance, eHealth partner with government on comprehensive health insurance system
Egypt - e-finance for Digital and Financial Investments and its sister company eHealth have signed a memorandum of understanding (MoU) with the Ministry of Social Solidarity and the General Authority for Comprehensive Health Insurance (GAHI), according to a statement. The MoU, which was signed on the sidelines of GAHI's annual forum, aims at integrating comprehensive health insurance systems with the social protection network systems. Additionally, GAHI and eHealth inked a contract to provide operation services for the comprehensive health insurance system. The authority will leverage eHealth's digital system services to back its digital journey and expand its scope nationwide. Ibrahim Sarhan, Chairman and Managing Director of e-finance, said: 'This agreement reinforces the group's role in providing a variety of services to citizens spanning all sectors, especially medical services developed by eHealth in collaboration with GAHI, as well as all relevant authorities, in support of the state's efforts to improve the provision of government services to citizens.' Akram Reda, CEO of eHealth, commented: ' On that front, eHealth aims to expand the scope of its digital services nationwide, as well as support the goals of Egypt's Vision 2030 by improving access to digital healthcare services.' 'eHealth cooperates with GAHI in providing specialized digital solutions with the purpose of improving the quality of services provided and achieving financial sustainability by improving resource management and empowering the authority,' Reda added. He concluded: 'The company intends to invest in digital and operational solutions to consolidate the role of the private sector as a key partner in providing healthcare services within the framework of the Ministry of Health and Population's vision." © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
