EFG Holding (HRHO)

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News

28 August 2017 02:10 PM EFG Hermes implements 10 deals worth $870m

Cairo – Mubasher: The Egyptian Financial Group Hermes Holding's (EFG Hermes) investment banking division has succeeded in implementing 10 investment deals worth $870 million since the beginning of 2017, the company's co-head of Investment …

Companies Investments

23 August 2017 04:45 PM EALB, EFG Hermes ink EGP 50m deal to fund small enterprises

Cairo – Mubahser: Egyptian Financial Group Hermes Holding (EFG Hermes) has signed a joint cooperation agreement worth EGP 50 million with the Egyptian Arab Land Bank (EALB) to fund fixed assets and small enterprises. EFG Hermes said in a statement …

Banking and Finance

15 August 2017 00:43 PM EFG Hermes turns to profitability in Q2

Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) on Tuesday reported turning to profitability for the second quarter of 2017 on the back of higher revenues, according to a bourse filing on Tuesday. The company achieved …

Financial Results

13 August 2017 03:16 PM EFG Hermes down to lowest level in 8M

Cairo – Mubasher: Egyptian Financial Group Hermes Holding’s (EFG Hermes) stock on Sunday fell to its lowest level in eight months, namely since 18 December 2016. By 1:42 am Cairo time, Hermes dropped 6.7% to EGP 20.2, with a turnover of EGP 50.9 …

Trading Activities

18 July 2017 01:10 PM EFG Hermes UAE acquires 50% stake in FIM

Abu Dhabi – Mubasher: EFG Hermes UAE, a wholly owned subsidiary of Egypt-based EFG Hermes Holding, inked definitive agreements to invest $21.5 million in Frontier Investment Management Partners (FIM). EFG Hermes will own 50% stake in FIM, while …

Companies Investments

2 July 2017 03:21 PM EFG Hermes to manage EGP 270m AUB Egypt funds

Cairo – Mubasher: EFG Hermes on Sunday announced that its asset management division was awarded mandates from Ahli United Bank (AUB) – Egypt to manage two funds that are worth more than EGP 270 million, according to a recent statement. The two …

Companies Investments

13 June 2017 00:04 PM EFG Hermes plans expansion in Africa

Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes) plans to enter the Nigerian market through an acquisition, Reuters reported on Tuesday. The CEO of EFG Hermes' frontier market unit, Ali Khalpey, told Reuters that he …

Companies Investments

24 May 2017 10:06 PM EFG Hermes showing interest in Nomu-Parallel Market

By: Amr Adel Dubai - Mubasher: The Co-Head of EFG Hermes investment banking, Mohamed Fahmi, said that the group is interested in the Saudi Nomu-Parallel Market. Fahmi said in an answer to a question from Mubasher during a press event in Dubai that …

Trading Activities

24 May 2017 06:27 PM Hermes considering 4-6 M&A deals in the UAE

By: Amr Adel Dubai - Mubasher: The Co-Head of EFG Hermes investment banking, Mohamed Fahmi, said that his group is considering managing six to eight new investment operations in the UAE markets. In a press event in the group’s headquarters in …

Mergers and Acquisitions

23 May 2017 10:58 AM EFG Hermes starts operations in Pakistan

Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) opened its new branch in Pakistan after completing the acquisition of a 51% stake in Pakistan’s Invest Finance Securities Limited (IFSL). The new company will operate under the …

Companies Investments

16 May 2017 10:49 AM TE joins MSCI EM index; EFG Hermes, TMG switch indices

Cairo – Mubasher: The MSCI Emerging Markets (EM) Index’s May 2017 semi‐annual review, released on Tuesday, has added Telecom Egypt’s (TE) stock to the small- and medium-sized companies’ index. The review also showed that Egyptian Financial Group …

Sector Reports

15 May 2017 11:12 AM EFG Hermes turns profitable in Q1

Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) said Monday that it has turned to profitability in the first quarter of fiscal year 2017, compared to Q1-16. Consolidated net profit for Q1-17 reached EGP 362.79 million, …

Financial Results

4 May 2017 11:49 AM EFG Hermes close to acquire licence in Kenya

Cairo – Mubasher: The CEO of Kenya’s Capital Markets Authority, Paul Muthaura, said Thursday that Egyptian Financial Group Hermes Holding (EFG Hermes) will be granted a licence to operate in Kenya in the “very near term”, Bloomberg reported on …

Companies Investments

4 May 2017 10:36 AM Record date for EFG Hermes coupon 22 May

Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) said Thursday that it will pay coupon no. 9 at EGP 2.7499 per share to shareholders of record until 22 May. The coupon will be distributed starting 25 May, according to a …

Cash Dividends

27 April 2017 11:25 AM EFG Hermes OGM approves EGP 2.75/shr dividends

Cairo – Mubasher: Egyptian Financial Group Hermes Holding’s (EFG Hermes) ordinary general meeting (OGM) has adopted a proposal to distribute cash dividends of EGP 2.75 per share for fiscal year 2016. Total dividends amount to EGP 1.69 billion and …

Cash Dividends

11 April 2017 10:44 AM EFG Hermes OGM to discuss cash dividends 27 April

Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) said Tuesday that it will hold an ordinary general meeting (OGM) on 27 April to discuss the proposed cash dividends for fiscal year 2016, a bourse statement said. The company’s …

General Assembly

27 March 2017 07:55 PM Pharos maintains Overweight recommendation on EFG-Hermes

Cairo - Mubasher: Pharos Research has maintained their “Overweight” recommendation on EFG Hermes with a fair value evaluation (FV) of EGP 35.13 per share, according to a recent report. The research firm has also reiterated their positive …

Stock Evaluations

27 March 2017 11:19 AM EFG Hermes posts 1234% rise in Q4 profit

Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) said Monday that its consolidated net profit for the fourth quarter of the fiscal year 2016 soared 1234% to EGP 1.5 billion, compared to EGP 112.4 million for Q4-15. …

Financial Results

23 March 2017 11:52 AM EFG Hermes finalises advisory on ENBD REIT’s $105m IPO

Mubasher: EFG Hermes concluded its advisory on ENBD REIT’s $105 million initial public offering (IPO) on Nasdaq Dubai, according to a statement. Trading began on a total of 254.4 million shares, including the 94.59 million issued in the IPO that …

Companies Investments

12 March 2017 11:14 AM EFG Hermes unit completes acquiring 51% of Pakistani brokerage

Cairo – Mubasher: EFG Hermes said Sunday that its subsidiary, EFG Hermes Frontier Hollings, has completed the acquisition of a 51% stake in Pakistan’s Invest Finance Securities Limited (IFSL). The deal includes the purchase of about 10.2 million …

Companies Investments

7 March 2017 02:55 PM Prime Research raises EFG Hermes FV

Cairo - Mubasher: Prime Research has upgraded the fair value (FV) of EFG Hermes' stock from EGP 24.166 to EGP 31.42, with a "Buy" recommendation, according to a recent report. Raising the FV comes as a result of the recent positive performance of …

Stock Evaluations

6 March 2017 01:56 PM EFG Hermes stock leads by turnover

Cairo – Mubasher: EFG Hermes’ stock led the trading activity at the Egyptian Exchange (EGX) after executing a transaction worth EGP 1.2 billion on 52.2 million shares. By 12:45am Cairo time, the stock rose 1.03% to EGP 24.59, with a turnover of …

Trading Activities

6 March 2017 00:23 PM EFG Hermes launches major Dubai investment conference Monday

Dubai – Mubasher: Competition for global capital is tightening with developing economies having become a staple for investors looking to diversify their portfolios and benefit from potentially faster growth, a new report by EFG Hermes showed. …

Macroeconomics

30 January 2017 00:30 PM EFG Hermes named one of 6 MENA constituents in FTSE4GOOD Emerging Index

Cairo – Mubasher: EFG Hermes was selected as one of six MENA constituents in the FTSE4GOOD Emerging Index, according to a press release on Monday. The index was launched by FTSE Russel in December 2016 to measure and recognize the performance …

Corporate Actions

20 January 2017 11:28 AM Beltone raises EFG Hermes PT to EGP 36, recommends 'buy'

Cairo – Mubasher: Beltone Financial said it raised the price target (PT) for EFG Hermes' stock to between EGP 34 and EGP 36, and gave a 'buy' recommendation. After the floatation of the Egyptian pound on 3 November 2016, EFG's stock was seen as …

Stock Evaluations