| Statutory purpose |
Providing technical, financial and administrative support to the subsidiaries of the Company and working in the field of digital transformation and supporting the subsidiaries in developing their business. Providing specialized operating services for information and communication technology systems, inside or outside the Arab Republic of Egypt (except for the Sinai Peninsula region the authority’s prior approval is required). These services include the following:
- Management, operation and maintenance of all devices, equipment and computer networks.
- Production, issuance, printing, packaging, management and operation of smart cards.
- Managing and operating applications for providing banking services through the phone and the internet, electronic payment services, and electronic circulation of temporary documents.
- Establishing and operating systems, managing customer call service centers, and implementing, managing and operating networks, central computers and internal systems for banks.
- Establishing and managing training centers to prepare researchers and information technology transfer centers.
- Training in the operation, management and maintenance of computers, the card system, and applications for providing banking services, customer service centers, and applications for electronic payment services.
- Technology business incubators and entrepreneurship support.
- The ICT industry, including industrial activities, electronics design and development, data centers and outsourcing activities, software development and technological education.
- Design and development of computer systems of all kinds.
- Production, development and operation of integrated systems.
- Development and design of data transmission and exchange networks.
- Building and managing data transmission and exchange networks.
Subject to the applicable laws, regulations, and decrees, and on the condition that necessary licenses are issued to practice such activities, the Company may have an interest or participate in any way with companies and others that carry out business similar to its business or that may assist it to achieve its purpose in Egypt or abroad. The Company may also merge with or acquire any of the aforementioned entities, in accordance with the provisions of the law and its executive regulations. |
