EFG Hermes to lead Egypt’s Misr Life Insurance IPO – ministry
Egypt has appointed EFG Hermes as the bookrunner for the planned sale of up to a 20 percent stake in Misr Life…
Browsing Tag
EFG-Hermes
Egypt to divest from 5 military-owned firms
The Sovereign Fund of Egypt and the Armed Forces’ National Service Projects Organisation signed cooperation…
Abu Dhabi’s Lunate launches global sukuk ETF
Lunate Capital, headquartered in Abu Dhabi, launched the Chimera J.P. Morgan Global Sukuk ETF, a new…
ADNOC plans stake sale in drilling unit
Abu Dhabi's ADNOC has announced plans to divest approximately 5.5 per cent of its stake in its drilling unit, over…
Egypt’s NSPO acquires 24% from three steel firms for $324mln
The National Service Projects Organisation (NSPO) acquired 24 percent stake of three firms affiliated to Beshay…
EFG Hermes 2022 revenues grow 77%
Egypt’s investment bank, EFG Hermes reported on Wednesday a 77 percent year-on-year growth in revenues to 11…
EFG Hermes publishes 4th issue of valU bonds for EGP 856.5 million
Egypt's investment bank, EFG Hermes has published on Tuesday the 4th issue of the securitisation bonds to its…
EFG Hermes drives brokerage trading in EGX by EGP 4.5bln in week
Egypt's investment bank EFG-Hermes has led the brokerage firms on Thursday with 4.5 billion Egyptian pounds in…
Egypt’s c.bank expects 200bps interest rate hikes next Thursday- Reuters poll
The Central Bank of Egypt (CBE) will raise its overnight interest rates by 200 basis points on Thursday, a Reuters…
EFG Hermes says Q3 revenues grew two-fold
EFG Hermes reported on Wednesday a 95 percent year-on-year growth in group revenues in the third quarter of the…
Crédit Agricole to buy 60 million shares in Egypt unit – Bloomberg
French bank Crédit Agricole plans to purchase 60 million shares of its unit in Egypt at 6.23 or 7 Egyptian pounds…
EFG Hermes’ valU acquires fintech company Paynas
EFG Hermes’ consumer finance arm valU announced on Monday it had acquired 100 percent of digital HR and payroll…
Orascom Development Egypt signs EGP 1.5 bln financing with CIB Egypt
Orascom Development Egypt (ODE) announced on Sunday that its subsidiary Orascom for Real Estate (ORE) has signed a…
EFG Hermes Corp-Solutions concludes bond issuance of EGP 500 mn
EFG Hermes Corp-Solutions has successfully concluded an EGP 500 mn bond issuance that the company said is the first…
EFG Hermes names ex BofA banker as head of Saudi Arabia operations
Egypt's investment bank EFG Hermes announced on Sunday it had appointed Saud Altassan from Bank of America (BofA)…
EFG Hermes, Madinet Nasr for Housing sign sale and leaseback deal
Egyptian investment bank EFG Hermes announced on Sunday that it had signed a sale and leaseback agreement worth 750…
EFG Hermes completes advisory on Egypt’s Abu Qir Fertilizers $143 million offering
Egyptian investment bank EFG Hermes announced on Thursday that it had completed advisory on Abu Qir Fertilizers’…
Egypt’s EFG Hermes becomes universal bank after aiBANK acquisition completion
Egypt’s EFG Hermes has officially become a universal bank after finalising its acquisition of a 51 percent stake in…
Spain’s Ignis agrees to sell stake to Egypt’s EFG Hermes for €625 million
Spanish power generation company Ignis Energia has agreed to sell an unspecified stake to Egyptian financial…
Egypt’s EFG Hermes partners with Microsoft to speed up its digital transformation
Egypt’s investment bank EFG Hermes announced on Monday a strategic cloud partnership with Microsoft.
Through the…
Sovereign Fund of Egypt, EFG Hermes gain c.bank approval for aiBANK takeover
Financial Services and Fintech sub-fund, owned by the Sovereign Fund of Egypt (TSFE), and EFG Hermes announced on…
Egypt’s SODIC unit closes its first EGP 343 million securitisation bond issuance
Egypt’s property developer SODIC announced on Tuesday that it had closed its first securitisation bond issuance…
EFG Hermes advises on Mubadala-owned Yahsat’s IPO on Abu Dhabi bourse
Egyptian investment bank EFG Hermes announced on Wednesday that it successfully completed advisory for…
EFG Hermes launches new online trading platform in Kenya
EFG Hermes Kenya, part of Egyptian investment bank EFG Hermes Group, has launched on Monday its online…
Egypt’s EFG Hermes eyeing minority stakes in startups after AIB acquisition deal
Egypt’s investment bank EFG Hermes Holding is targeting minority stakes in startups after its acquisition of a…
EFG Hermes says Q1 revenues climb 30% y-o-y
Egyptian investment bank EFG Hermes reported on Wednesday its first quarter results for 2021, with revenues…
EFG Hermes completes advisory on Bank Audi Egypt’s sale to First Abu Dhabi Bank
Egyptian investment bank EFG Hermes announced on Wednesday that it had completed advisory to Bank Audi on its sale…
EFG Hermes: Arab Investment Bank valuation pegged at EGP 1.1 billion
EFG Hermes said on Wednesday that the Arab Investment Bank (aiBank) had been valued between 900 million Egyptian…
ValU, PayTabs Egypt partners with LuLu Group for burden-free shopping
EFG Hermes' subsidiaries PayTabs and Valu will roll out services at LuLu Group's supermarkets across Egypt under a…
Egypt’s sovereign fund subscribes to invest EGP 250m in Egypt Education Fund
The Sovereign Fund of Egypt (TSFE) has subscribed to invest more than 250 million Egyptian pounds ($16 million) in…
EFG Hermes 2020 revenues climb 12% year-on-year
Egypt’s investment bank EFG Hermes Holding reported on Wednesday a 12 percent year-on-year growth to reach 5.5…
First Abu Dhabi Bank signs definitive deal to acquire Bank Audi’s Egyptian unit
First Abu Dhabi Bank (FAB) has signed a definitive agreement for the acquisition of 100 percent share in Bank…
EFG Hermes to win fresh approval for EGP 170 mln securitized bond issuance soon
A fresh 170 million Egyptian pound ($10.8 milion) securitised bond issuance EFG Hermes is looking to take to the…
EFG Hermes ranks first in Egypt, Kuwait, Dubai, and Kenya during 2020
EFG Hermes ranked first for in Egypt, Kuwait, Dubai, and Kenya, placing second in Abu Dhabi and Nigeria (by value…
EFG Hermes gets Egypt FRA’s approval for CIRA’s EGP 600 million Sukuk issuance
The Egyptian Financial Regulatory Authority (FRA) gave the greenlight to EFG Hermes Sukuk Co to issue Sukuk…
Egypt’s EFG Hermes Q3 net profit rises 18% y-o-y
Egypt’s investment bank, EFG Hermes Holding reported on Wednesday an 18 percent year-on-year growth in its net…
CIB, EFG Hermes make it onto Refinitiv; Arab Federation of Exchanges new index
CIB and EFG Hermes are among 30 regional companies included in the new Low Carbon Select Index brought to market by…
Premium Card unveils successful closing of its third securitisation bond issuance
Premium International for Credit Services (Premium Card) announced on Monday the third issuance of its two-year…
Egypt’s EFG-Hermes reports 26% growth in second-quarter revenues
Egyptian investment bank EFG-Hermes Holding reported a 26 percent year-on-year increase in revenues during the…
EFG Hermes is managing selling 7 % of stakes in Fawry
Egypt’s EFG Hermes is managing the transaction of selling a combined stake of 7 percent (50 mn shares) in…