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Egyptian Financial Group Hermes Holding (HRHO)

Last update: 20 October 02:29 PM market time.
12.34
-0.02
-0.16%
Open 12.35
Previous Close 12.35
High 12.41
Low 12.15
Stock Statistics
Volume 1,235,183
Turnover 15,107,121.00
All data are 15 minutes late during market session

News

valU offers non-banking financial services over large-scale instalments
13 October 11:06 AM EFG Hermes' consumer finance platform valU aims to reach 250,000 users by end-2022
By: Abdullah Bedeir  Cairo – Mubasher: EFG Hermes' consumer finance platform valU aims to increase the number of users to 250,000 by the end of 2022 from the current 100,000, the CEO of EFG Hermes Finance, Walid Hassouna, said.  During a …
The deal will refinance Garden 8 Mall in New Cairo
5 October 11:30 AM EFG Hermes' unit inks EGP 750m sale, leaseback deal with Misr Italia
Cairo – Mubasher: EFG Hermes Corp-Solutions, a subsidiary of EFG Hermes, has signed a sale and leaseback agreement worth EGP 750 million with Misr Italia Properties with the aim of refinancing its commercial project, Garden 8 Mall. The commercial …
The partnership will enable EFG Hermes to speed up the modernisation of its IT environment
4 October 04:16 PM EFG Hermes, Microsoft collaborate to accelerate digital transformation
Cairo – Mubasher: EFG Hermes announced a strategic cloud partnership with Microsoft to accelerate its digital transformation and enhance innovation in the financial services industry.  The partnership will enable EFG Hermes to speed up the …
The capital contribution will enable Ignis Energy to fund its growth plans
4 October 12:01 PM Vortex Energy to pump over EUR 625m into Ignis Energy
Cairo – Mubasher: Vortex Energy, a renewable energy platform managed by the private equity arm of EFG Hermes, has signed a definitive agreement with Ignis Energy Holdings, the owner of Spanish independent integrated renewable firm Ignis Group. …
EFG Hermes has been appointed as an advisor
29 September 10:37 AM Abu Auf's parent firm plans to go public on EGX in Q2-22
Cairo – Mubasher: Abu Auf’s parent company, AUF, plans to float a stake on the Egyptian Exchange (EGX) in the second quarter of 2022.  EFG Hermes has been appointed as an advisor for the offering, AUF said in a statement on Tuesday.  in Egypt, the …
The capital will be increase by issuing 50.52 million shares
28 September 01:17 PM EFG Hermes shareholders approve capital raise
Cairo – Mubasher: The ordinary general meeting (OGM) of EFG Hermes approved a decision to increase its issued capital to EGP 4.86 billion from EGP 4.61 billion.   The capital will be increased by issuing 50.52 million shares worth EGP 253.64 …
The issuance is backed by a receivables portfolio worth EGP 369 million
13 September 04:22 PM EFG Hermes closes valU’s first securitisation bond offering worth EGP 322.5m
Cairo – Mubasher: EFG Hermes has concluded advisory on valU’s first securitisation bond offering valued at EGP 322.550 million as part of a EGP 2 billion securitisation program approved by the Financial Regulatory Authority (FRA) on 25 July.  The …
The event is operated on a digital platform by EFG Hermes
13 September 12:08 PM EFG Hermes launches fourth virtual investor conference on Monday
Cairo – Mubasher: EFG Hermes announced the launch of its fourth virtual investor conference under the title of  “After Reflation - FEMs in 2022", which runs from 13 September to 21 September.  The event, operated on a digital platform by EFG …
The company's issued capital will be raised to EGP 4.86 billion
30 August 03:06 PM FRA approves capital raise of EFG Hermes
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of a disclosure form submitted by the Egyptian Financial Group Hermes Holding (EFG Hermes) to increase its capital.  The disclosure form includes the …
EFG Hermes will own 51% of the bank
30 August 11:14 AM CBE approves aiBANK acquisition by EFG Hermes, Sovereign Fund
Cairo – Mubasher: The Central Bank of Egypt (CBE) approved the acquisition of 76% of Arab Investment Bank (aiBANK) by the sub-fund for financial services and digital transformation owned by The Sovereign Fund of Egypt (TSFE) and the Egyptian …
The revenues levelled up to EGP 3.59 billion in the six-month period
18 August 11:07 AM EFG Hermes reports 78.5% profit hike in H1-21
Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes) posted a 78.48% year-on-year (YoY) leap in its consolidated net profits, logging EGP 754.95 million in the first half (H1) of 2021, compared to EGP 422.97 million, …
The transaction involved the trading of 5.21 million shares
28 July 05:24 PM RIMCO ups stake in EFG Hermes for EGP 60m
Cairo - Mubasher: RIMCO EGT Investment LLC has raised its stake in the Egyptian Financial Group Hermes Holding (EFG Hermes) to 10.54% from 9.97%. The transaction involved the trading of 5.21 million shares for EGP 60.13 million, averaging EGP …
The transaction is the first IPO in Abu Dhabi since 2017
15 July 11:28 AM EFG Hermes advises on Mubadala-owned Yahsat’s AED 2.7bn IPO on ADX
Cairo - Mubasher: EFG Hermes has completed advisory to Al Yah Satellite Communications (Yahsat), a fixed and mobile satellite services operator owned by UAE's Mubadala Investment Company (Mubadala), on its AED 2.7 billion initial public offering …
valU will offer students instalment payment plans of up to 60 months
12 July 11:07 AM valU to offer financing plans for AUC School of Business students
Cairo - Mubasher: EFG Hermes' consumer finance platform valU has partnered with the AUC School of Business and Paymob to provide financing plans for students seeking to pursue the school’s executive education programs. valU will offer students …
EFG Hermes will increase its capital to EGP 4.611 billion
7 July 04:33 PM EFG Hermes gets EGX's approval for listing capital raise shares
Cairo - Mubasher: The Egyptian Exchange's (EGX) listing committee approved the listing of the capital raise shares of the Egyptian Financial Group Hermes Holding (EFG Hermes).  EFG Hermes will increase its capital to EGP 4.611 billion from …
Vortex Energy plans to grow its business to reach a target size of $750 million for the fund
7 July 11:56 AM Vortex Energy reaches $200m first close for fourth fund - EFG Hermes
Cairo - Mubasher: Vortex Energy, a global renewable energy platform managed by the private equity arm of EFG Hermes, has raised $200 million in the first close for its fourth fund, which is anchored by EFG Hermes and Abu Dhabi sovereign …
The shareholders approved a one-for-five bonus issue
23 May 12:08 PM EFG Hermes shareholders approve capital raise via bonus issue
Cairo – Mubasher: The ordinary general meeting (OGM) of the Egyptian Financial Group Hermes Holding (EFG Hermes) approved a decision to transfer EGP 768.61 million from its retained earnings to increase its capital. The issued and paid-up capital …
The transaction is expected to close in the third quarter of 2021.
20 May 12:26 PM The Sovereign Fund of Egypt, EFG Hermes ink deals to acquire 76% of aiBANK
Cairo – Mubasher: The Sovereign Fund of Egypt (TSFE) and the Egyptian Financial Group Hermes Holding (EFG Hermes) signed agreements to acquire 76% of Arab Investment Bank (aiBANK). Following the acquisition, the bank’s capital will be increased to …
The bank’s issued and paid-up capital will be raised to EGP 5 billion
20 May 10:42 AM EFG Hermes, TSFE receive Cabinet’s approval to acquire aiBANK
Cairo – Mubasher: Egypt’s Cabinet has granted approval to the Egyptian Financial Group Hermes Holding (EFG Hermes) and the Sovereign Fund of Egypt (TSFE) to acquire a 76% stake in the Arab Investment Bank (aiBANK). The acquisition will be carried …
The revenues climbed to EGP 1.59 billion in the January-March period
19 May 10:45 AM EFG Hermes reports 215% higher profits in Q1-21
Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes) reported a 215% year-on-year (YoY) leap in its net profits to EGP 312.13 million during the first quarter (Q1) of 2021, compared to EGP 98.92 million, including minority …
EFG Hermes will own 51% of the bank
14 April 01:31 PM aiBANK's FV estimated at EGP 1.1bn ahead of acquisition deal
Cairo – Mubasher: The board of directors of the Egyptian Financial Group Hermes Holding (EFG Hermes) approved an acquisition deal in partnership with the Sovereign Fund of Egypt to purchase 76% of the Arab Investment Bank (aiBANK). The acquisition …
GEMS Egypt will develop and operate two schools in west Cairo
30 March 04:37 PM Egypt's sovereign fund invests EGP 250m in Egypt Education Fund
Cairo – Mubasher: The Sovereign Fund of Egypt (TSFE) has subscribed to invest more than EGP 250 million in the third issue of Egypt Education Fund, managed by the Egyptian Financial Group Hermes Holding (EFG Hermes).  In addition, the sovereign …
EFG Hermes will own 51% of the bank
29 March 01:11 PM EFG Hermes says aiBANK acquisition deal still not valued
Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes) responded to news reports about the acquisition of 76% of the Arab Investment Bank (aiBANK) by EFG Hermes and The Sovereign Fund of Egypt (TSFE). EFG Hermes said that the …
Payments on the platform will be processed by EFG Hermes subsidiary PayTabs
18 March 10:44 AM EFG Hermes partners with Universal Group to launch e-commerce platform
Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes) announced that its non-banking financial services (NBFI) platform signed a partnership agreement with Universal Group to launch a new e-commerce platform that will allow …
The board of directors recommended a one-for-five bonus issue
17 March 12:45 PM EFG Hermes posts EGP 1.3bn profit in 2020; bonus issue proposed
Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes) achieved a consolidated net profit of EGP 1.30 billion in 2020, down by 5.3% year-on-year (YoY) from EGP 1.37 billion. The profits attributable to minority interests …