EFG Holding (HRHO)

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News

20 November 2024 02:11 PM EFG Holding logs EGP 4.1bn consolidated profits in 9M-24; Saudi expansion plans unveiled

Cairo – Mubasher: The consolidated net profits after tax of EFG Holding EGP 4.17 billion in the first nine months (9M) of 2024, compared to EGP 2.09 billion in 9M-23. Revenues hit EGP 18.57 billion as of 30 September 2024, up year-on-year (YoY) …

Financial Results

19 November 2024 00:41 PM EFG Hermes unveils $300m Saudi Education Fund, deal with GFH

Cairo – Mubasher: EFG Hermes, a subsidiary of EFG Holding, has launched a $300 million Saudi Education Fund (SEF) to create an institutional world-class K-12 operator in Saudi Arabia. SEF aims to capitalise on the growing student population in …

Global Economy

15 October 2024 03:12 PM EFG Hermes closes sale of H&P’s stake in ADNOC drilling

Cairo – Mubasher: EFG Hermes, a subsidiary of EFG Holding, has completed an accelerated book build (ABB) to divest a stake of Helmerich & Payne (H&P) in ADNOC Drilling Company, according to a press release. The transaction covered the full …

Companies Investments

14 October 2024 01:12 PM EFG Hermes concludes advisory on Bedaya Mortgage Finance’s EGP 1.4bn issuance

Cairo – Mubasher: EFG Hermes, a subsidiary of EFG Holding, has concluded advisory on the fourth EGP 1.40 billion securitised bond issuance for Bedaya Mortgage Finance, according to a press release. The issuance, which comes as the second in a …

Banking and Finance

15 August 2024 03:09 PM EFG Holding records higher net profits in H1-24 financials

Cairo – Mubasher: EFG Holding posted consolidated net profits amounting to EGP 3.17 billion in the first half (H1) of 2024, versus EGP 1.49 billion in H1-23. Net revenues reached EGP 13.59 billion in H1-24, up year-on-year (YoY) from EGP 7.53 …

Financial Results

25 July 2024 02:43 PM Banque Misr, Tanmeyah sign EGP 500m credit facility agreement

Cairo – Mubasher: Banque Misr has signed an EGP 500 million credit facility agreement with Tanmeyah, a subsidiary of EFG Holding, aimed at providing support to micro and small enterprise businesses. The agreement will offer Tanmeyah a range of …

Companies Investments

30 June 2024 03:19 PM EFG Hermes concludes advisory on EFG Corp-Solutions’ 1st short-term note issuance

Cairo – Mubasher: EFG Hermes, a subsidiary of EFG Holding, closed a short-term note issuance valued at EGP 433 million for a one-year term for EFG Corp-Solutions, a subsidiary of EFG Finance. This transaction is considered the first of its kind …

Banking and Finance

3 June 2024 00:17 PM EFG Hermes ONE partners with Banque Misr, PayTabs Egypt for stock trading feature

Cairo – Mubasher: EFG Hermes ONE, the online trading platform of EFG Hermes, has entered into a partnership with Banque Misr and PayTabs Egypt. The partnership allows the introduction of a new debit card top-up feature on the EFG Hermes ONE online …

Companies Investments

23 May 2024 03:16 PM EFG Holding sees higher consolidated profits at EGP 2.1bn in Q1-24

Cairo – Mubasher: The consolidated net profits after tax of EFG Holding jumped to EGP 2.11 billion in the first quarter (Q1) of 2024 from EGP 920.12 million a year earlier. The EGX-listed group posted revenues valued at EGP 8.55 billion in Q1-24, …

Financial Results

22 May 2024 01:58 PM EFG Hermes acquires equity ownership in Danish fintech Kenzi Wealth

Cairo – Mubasher: EFG Hermes, a subsidiary of EFG Holding, has acquired a minority stake in  Copenhagen-based fintech Kenzi Wealth, according to a press release. The Danish digital wealth manager uses advanced AI-powered asset management …

Mergers and Acquisitions

30 April 2024 11:04 AM EFG Hermes advises on HSB's EGP 600m short-term note issuance

Cairo – Mubasher: EFG Hermes, a subsidiary of EFG Holding, has announced that its investment banking division closed the issuance of an EGP 600 million senior unsecured short-term note for the Hermes Securities Brokerage Company (HSB). This …

Companies Investments

2 April 2024 00:31 PM Valu partners with noon to expand payment plans options for users

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 …

Companies Investments

21 March 2024 01:15 PM EFG Hermes leads $429m IPO of Parkin for DFM listing

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 …

Trading Activities

20 March 2024 01:00 PM EFG Holding’s consolidated profit soars 39% YoY in 2023

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 …

Financial Results

20 March 2024 11:44 AM Valu mulls offering 25% stake on Egyptian Exchange – CEO

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 …

Trading Activities

18 March 2024 03:27 PM EFG Hermes completes advisory on Cenomi Retail’s sale deal

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 …

Companies Investments

13 March 2024 01:49 PM EFG Finance obtains FRA’s licence to launch financial services firm for SMEs

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 …

Companies Investments

21 January 2024 01:07 PM EFG Holding’s unit bolsters financial inclusion via new partnership

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 …

Companies Investments

26 December 2023 01:01 PM EFG Hermes closes Palm Hills’ EGP 421m securitisation issuance

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 …

Bonds

16 November 2023 11:21 AM EFG Holding’s consolidated profits exceed EGP 2bn in 9M-23

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 …

Financial Results

18 September 2023 00:21 PM Valu closes 6th securitised bond issuance at over EGP 922m

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 …

Companies Investments

11 September 2023 10:39 AM EFG Holding concludes EGP 472m securitised bond issuance

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 …

Bonds

13 August 2023 09:34 AM EFG Holding logs EGP 1.28n consolidated profits to owners in H1-23

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 …

Financial Results

25 May 2023 06:49 PM EFG Hermes concludes rebranding; foundation name changed

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 …

Management Decisions

24 May 2023 02:22 PM EFG Hermes unveils Q1-23 financial results, capital hike, rebranding

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 …

Financial Results