EFG Holding (HRHO)

Cairo – Mubasher: Fintech company Valu, a subsidiary of EFG Holding Company, has entered into a partnership with online payments gateway, noon Payments. Under the partnership, noon will offer Valu financial solutions to simplify transactions for …

Mubasher: EFG Hermes, an EFG Holding Company, concluded its advisory on the $428.70 million initial public offering (IPO) of Parkin on the Dubai Financial Market (DFM), according to a press reelase. EFG Hermes acted as a joint bookrunner on the …

Cairo – Mubasher: EFG Holding recorded a consolidated net profit after tax and minority interests of EGP 2.49 billion in 2023, up 39% year-on-year (YoY) from EGP 1.80 billion. The company’s group net operating revenue surged 34% YoY to EGP 14.72 …

Cairo – Mubasher: Fintech company Valu, a subsidiary of EFG Holding Company, is considering an initial public offering (IPO) of 25% of its shares on the Egyptian Exchange within the next 12 months, revealed Walid Hassouna, CEO of Valu, in an …

Mubasher: EFG Hermes, an EFG Holding Company concluded advisory on a merger and acquisition (M&A) deal for Cenomi Retail, according to a press release. The retail giant plans to sell a select portfolio of brands to Abdullah Al Othaim Fashion …

Cairo – Mubasher: EFG Finance, the non-bank financial institutions (NBFI) arm of EFG Holding, has received a license from the Financial Regulatory Authority (FRA) to establish a new subsidiary. The new subsidiary will provide financial services to …

Cairo – Mubasher: Tanmeyah, a subsidiary of EFG Holding partnered with Gulf Insurance Group (GIG-Egypt) to expand its product offerings and add new advanced insurance products. The collaboration further boosts Tanmeyah’s commitment to financial …

Cairo – Mubasher: EFG Hermes, the leading investment bank in Frontier and Emerging Markets (FEM) under EFG Holding, and Palm Hills Developments Company jointly closed an EGP 421 million securitised bond. The issuance comes in line with the newly …

Cairo – Mubasher: EFG Holding, previously known as EFG Hermes Holding before the rebranding in May, posted consolidated net profits at EGP 2.09 billion in the first nine months (9M) of 2023. The recorded net profits were higher than EGP 1.28 …

Cairo – Mubasher: MENA’s leading financial technology (FinTech) platform Valu has concluded its sixth securitised bond issuance in partnership with EFG Holding at a value of EGP 922.30 million, according to a press release. The issuance is part of …

Cairo – Mubasher: The investment banking division of EFG Holding concluded advisory on the first issuance for Egyptian Mortgage Refinance Company (EMRC) in a securitised bond offering worth EGP 472 million. This comes as the first issuance in a …

Cairo – Mubasher: EFG Holding posted consolidated net profits attributable to the shareholders valued at EGP 1.28 billion in the first half (H1) of 2023, an annual hike from EGP 680.70 million. The revenues enlarged to EGP 7.53 billion in …

Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes Holding) has successfully rebranded to EFG Holding to ensure the brand evolves in line with the group’s expansion across three verticals: EFG Hermes the investment bank, EFG …

Cairo – Mubasher: The consolidated net profit after tax attributable to the owners of Egyptian Financial Group Hermes Holding (EFG Hermes) reached EGP 884.56 million in the first quarter (Q1) of 2023. The registered net profits were higher than …

Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) received the approval of the Financial Regulatory Authority (FRA) to proceed with the capital raise process through bonus shares.   The board members agreed to increase the …

Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) recorded an annual hike in consolidated net profit after tax to EGP 2.19 billion in 2022, versus EGP 1.67 billion, including non-controlling interest. Revenues increased to EGP …

Cairo – Mubasher: Chimera Investment, an Abu Dhabi-based private investment firm, became a shareholder in Egyptian Financial Group Hermes Holding (EFG Hermes) after buying 30.57 million shares in the latter for EGP 590.63 million. Chimera …

Cairo - Mubasher: EFG Hermes decided to pursue exit options from two markets namely Pakistan and Jordan, and is currently in advanced stages of agreeing on an exit from a third market that will be announced in due course. The move comes in light …

Cairo - Mubasher: EFG Hermes and Misr Italia Properties announced the successful conclusion of the latter’s second securitised bond issuance worth EGP 986 million, which comes as part of a wider EGP 2.50 billion securitisation programme. The bond …

Riyadh - Mubasher: EFG Hermes has concluded advisory on the SAR 1.40 billion ($378 million) initial public offering (IPO) of Saudi power cables manufacturer Riyadh Cables Group Company (RCGC) on the Saudi Exchange (Tadawul). The landmark listing …

Cairo - Mubasher: Egyptian Financial Group Hermes Holding’s (EFG Hermes) Investment Banking division successfully concluded advisory on the seventh issuance for Premium International for Credit Services (Premium) in a securitised bond offering …

Cairo - Mubasher: Egyptian Financial Group Hermes Holding’s (EFG Hermes) investment banking division successfully closed valU’s third securitised bond issuance worth EGP 854.50 million, which comes as part of a wider EGP 2 billion programme that …

Cairo - Mubasher: Egyptian Financial Group Hermes Holding’s (EFG Hermes) investment banking division closed advisory as joint arranger and global coordinator on Taaleem Holdings’ initial public offering (IPO) at $240 million. The UAE-based firm …

Cairo – Mubasher: The consolidated net profits after tax of Egyptian Financial Group Hermes Holding (EFG Hermes) stood at EGP 1.31 billion in the first nine months (9M) of 2022, up from EGP 1.12 billion in 9M-21. Total revenues amounted to EGP …

Mubasher: Egyptian Financial Group Hermes Holding’s (EFG Hermes) investment banking division has concluded advisory as joint bookrunner on Salik Company’s initial public offering (IPO). Salik began trading on Dubai Financial Market (DFM) on 29 …