EFG Holding (HRHO)

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News

10 April 2023 01:40 PM FRA nods to EFG Hermes’ capital hike via bonus shares

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 …

Corporate Actions

22 March 2023 02:07 PM EFG Hermes generates EGP 2.19bn consolidated profits in 2022; bonus shares proposed

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 …

Financial Results

15 February 2023 11:50 AM UAE’s Chimera becomes shareholder in EFG Hermes; two transactions unveiled

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 …

Companies Investments

18 January 2023 10:17 AM EFG Hermes pursues exit options from some markets

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 …

Corporate Actions

3 January 2023 09:31 AM EFG Hermes, Misr Italia Properties announce 2nd securitisation issue worth EGP 986m

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 …

Companies Investments

19 December 2022 01:19 PM EFG Hermes completes listing of Riyadh Cables' SAR 1.4bn IPO on Tadawul

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 …

Trading Activities

18 December 2022 00:05 PM EFG Hermes closes 7th issuance for Premium International

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 …

Banking and Finance

18 December 2022 10:54 AM EFG Hermes concludes advisory on valU’s EGP 854.5m 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 …

Companies Investments

29 November 2022 02:26 PM EFG Hermes concludes Taaleem’s IPO at $240m

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 …

Companies Investments

16 November 2022 04:45 PM EFG Hermes posts higher consolidated profits at EGP 1.31bn in 9M-22

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 …

Financial Results

29 September 2022 05:10 PM EFG Hermes closes advisory on DFM-listed Salik’s IPO

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 …

Companies Investments

29 September 2022 04:57 PM EFG Hermes concludes advisory to EFG Hermes Corp-Solutions’ 2nd issuance

Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) and EFG Hermes Holding’s wholly-owned subsidiary, EFG Hermes Corp-Solutions, announced the successful conclusion of the latter’s second issuance of a securitisation bond worth …

Bonds

17 August 2022 06:50 PM EFG Hermes’ consolidated profits cross EGP 906m in H1-22

Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) generated EGP 906.80 million in consolidated net profit after tax during the first half (H1) of 2022, higher than EGP 754.95 million in H1-21. The gross revenues soared to EGP …

Financial Results

3 August 2022 03:43 PM EFG Hermes appoints Aladdin ElAfifi as NBFI platform CEO

Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) has named Aladdin ElAfifi as the new CEO of its non-bank financial institutions (NBFI) platform, according to a press release on Wednesday. ElAfifi will lead the firm’s NBFI …

Corporate Actions

3 July 2022 02:20 PM EFG Capital raises stake in Maridive

Cairo - Mubasher: EFG Capital Partners, a subsidiary of Egyptian Financial Group Hermes Holding (EFG Hermes), has raised its stake in Maridive & Oil Services to 5.32% from 8.26% in exchange for $940,000. EFG Capital has purchased 12.36 million …

Companies Investments

21 June 2022 00:38 PM EFG Hermes closes Bedaya Mortgage Finance’s 1st securitisation issuance

Cairo - Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) has completed an advisory on the first securitisation issuance of EGP 651.2 million for Bedaya Mortgage Finance, Egypt’s first non-banking online mortgage provider. Closed …

Real estate

20 June 2022 08:02 PM Saudi Alhokair acquires 5% equity in EFG Hermes’ valU

Cairo – Mubasher: Fawaz Abdulaziz Alhokair Company, as well as two other firms of the Saudi Alhokair Family, entered into an agreement to acquire a 4.99% stake in valU, a subsidiary of Egyptian Financial Group Hermes Holding (EFG Hermes). Under …

Companies Investments

16 June 2022 04:55 PM EFG Hermes' unit acquires tech-driven B2B platform Fatura

Cairo - Mubasher: Tanmeyah for Microfinance Services, a wholly-owned subsidiary of Egyptian Financial Group Hermes Holding (EFG Hermes), has acquired Fatura Netherlands B.V. (Fatura), a tech-driven B2B platform. With a regional footprint of 22 …

Mergers and Acquisitions

8 June 2022 07:00 PM EFG Hermes closes advisory on Ali Alghanim’s $323m private placement

Cairo – Mubasher: The Investment Banking Division of Egyptian Financial Group Hermes Holding (EFG Hermes) has completed advisory on Ali Alghanim and Sons Automotive Company’s $323 million private placement ahead of the initial public offering …

Initial Public Offerings

7 June 2022 00:19 PM Vortex Energy invests EUR 222m in Spain’s Ignis

Cairo – Mubasher: Vortex Energy, a renewable energy platform managed by Egyptian Financial Group Hermes Holding (EFG Hermes), has invested to date EUR 222 million of equity capital in Ignis, an integrated renewables group. The investment comes in …

Companies Investments

6 June 2022 10:34 AM Alhokair's unit inks deal with valU for new digital consumer microfinance company

Riyadh – Mubasher: FAS Labs, a 50% subsidiary of Fawaz Abdulaziz Alhokair Company, has signed a sale purchase agreement (SPA) with valU to own a 65% stake in FAS Finance’s paid-up capital. valU, a subsidiary of Egyptian Financial Group Hermes …

Companies Investments

5 June 2022 06:42 PM EFG Hermes Corp-Solutions issues 1st bond in EGP 3bn programme

Cairo – Mubasher: The Investment Banking Division of Egyptian Financial Group Hermes Holding (EFG Hermes) has closed an EGP 500 million bond issuance for its subsidiary EFG Hermes Corp-Solutions. The issuance, which comes in line with the unit’s …

Banking and Finance

25 May 2022 11:21 AM EFG Hermes sees 43.5% higher profits in Q1-22

Cairo – Mubasher: The consolidated net profits of Egyptian Financial Group Hermes Holding (EFG Hermes) jumped by 43.5% year-on-year (YoY) to EGP 448.10 million in the first quarter (Q1) of 2022, compared to EGP 312.13 million. The company …

Financial Results

19 May 2022 00:36 PM EFG Hermes' OGM nods to EGP 973m capital raise via bonus shares

Cairo – Mubasher: The ordinary general meeting (OGM) of Egyptian Financial Group Hermes Holding (EFG Hermes) has approved an increase by EGP 973.07 million in the issued and paid-up capital to EGP 5.83 billion from EGP 4.86 billion via bonus …

General Assembly

14 April 2022 10:34 AM FAB withdraws non-binding offer for stake in EGX-listed EFG Hermes

Mubasher: First Abu Dhabi Bank (FAB) has withdrawn its non-binding offer to acquire a majority stake in the Egyptian Exchange (EGX)-listed Egyptian Financial Group Hermes Holding (EFG Hermes). FAB has decided not to proceed with the offer due to …

Companies Investments