Cairo – Sharikat Mubasher: Egyptian digital investment platform Thndr plans to begin operations in Saudi Arabia in early 2027 after receiving initial approval to conduct brokerage activities in the Kingdom, according to its CEO, Ahmad Hammouda.
Speaking on the sidelines of the company's annual ‘Thndr Keynote 2026’ event, Hammouda told Asharq Business that investments made by Egyptians through the platform have reached EGP 50 billion (around $960 million). Investment funds account for approximately 60% of that total, representing nearly EGP 30 billion.
The platform currently offers access to investment funds managed by firms including Mubasher, CI Capital, Beltone, and others.
Hammouda also announced that Thndr has removed commissions on investments in funds, eliminating a previous fee of EGP 1 for every EGP 1,000 invested. The move is intended to encourage savings and investment activity and attract more users to the platform.
Separately, Thndr has applied to the Central Bank of Egypt for regulatory approval to launch a prepaid card in partnership with Visa and Suez Canal Bank. Once approved, the card is expected to enable instant financial transactions as well as cash withdrawals and deposits.
