EFG Holding News - Mubasher Info
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09 April 06:00 AM

EFG Holding (HRHO)

Last update: 8 April 02:29 PM market time.
26.56
1.35
5.35%
Open 25.25
Previous Close 25.25
High 26.65
Low 25.90
Stock Statistics
Volume 12,728,498
Turnover 334,857,504.00
All data are 15 minutes late during market session

News

Photo Archive
13 April 2022 06:46 PM EFG Hermes closes DEWA’s IPO at $6.1bn
Mubasher: Egyptian Financial Group Hermes Holding’s (EFG Hermes) investment banking division has completed Dubai Electricity and Water Authority’s (DEWA) initial public offering (IPO) at $6.10 billion. DEWA began trading its ordinary shares on …
Initial Public Offerings
Photo Archive
7 April 2022 00:45 PM EFG Hermes' board nods to capital raise via bonus shares
Cairo – Mubasher: The board of Egyptian Financial Group Hermes Holding (EFG Hermes) has approved a capital raise to EGP 5.83 billion from EGP 4.86 billion via a bonus share distribution. The company will issue one share for every five shares, …
Board of Directors
Photo Archive
24 March 2022 01:50 PM EFG Hermes’ revenues surpass EGP 6bn in 2021 for 1st time; bonus shares proposed
Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) reported a year-on-year (YoY) surge of 12% in revenues to EGP 6.1 billion in 2021, exceeding the EGP 6 billion mark for the first time. EFG Hermes achieved a 12% YoY growth as …
Board of Directors
Photo Archive
10 March 2022 03:22 PM EFG Hermes’ subsidiary signs EGP 600m sale, leaseback deal with LMD
Cairo - Mubasher: EFG Hermes Corp-Solutions, a subsidiary of Egyptian Financial Group Hermes Holding, has inked an EGP 600 million sale and leaseback agreement with visionary real estate development company LMD. Upon the agreement, the subsidiary …
Companies Investments
Photo Archive
21 February 2022 00:35 PM EFG Hermes appoints financial advisor for FAB's non-binding acquisition offer
Mubasher: The board of Egyptian Financial Group Hermes Holding (EFG Hermes) has appointed a financial advisor and legal counsel for First Abu Dhabi Bank's (FAB) non-binding initial offer to acquire a majority stake in the company. EFG Hermes has …
Banking and Finance
Photo Archive
20 February 2022 08:34 PM Misr Italia’s EGP 794m securitised bonds issue concluded - EFG Hermes
Cairo - Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes) completed the first issuance of securitised bonds for Misr Italia Properties at a total value of EGP 794 million. The issue is backed by nearly EGP 1 billion worth of …
Banking and Finance
Photo Archive
9 February 2022 01:23 PM FAB announces non-binding offer to acquire majority stake in EFG Hermes
Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) has received a non-binding initial offer for First Abu Dhabi Bank (FAB) to acquire a majority stake in the company's issued capital. FAB plans to acquire at least 51% of EFG Hermes' …
Banking and Finance
Photo Archive
26 December 2021 04:35 PM EFG Hermes signs EGP 750m sale, leaseback agreement with MNHD
Cairo - Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) has inked an EGP 750 million sale and leaseback agreement with Madinet Nasr Housing and Development (MNHD). EFG Hermes’ investment banking division acted as the financial …
Companies Investments
Photo Archive
18 November 2021 06:48 PM EFG Hermes becomes Egyptian universal bank following aiBank acquisition
Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes) has officially transferred into an Egyptian universal bank, after it concluded the acquisition of 51% equity in the Arab Investment Bank (aiBank). In a bourse filing to the …
Banking and Finance
Photo Archive
17 November 2021 01:10 PM EFG Hermes' profits rise 32% in 9M
Cairo – Mubasher: The consolidated financials of Egyptian Financial Group Hermes Holding (EFG Hermes) registered a 32.22% rise in net profits to EGP 1.12 billion in the January-September period of 2021, compared to EGP 849.8 million in the …
Financial Results
valU offers non-banking financial services over large-scale instalments
13 October 2021 00:06 PM 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 …
Banking and Finance
The deal will refinance Garden 8 Mall in New Cairo
5 October 2021 00:30 PM 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 …
Real estate
The partnership will enable EFG Hermes to speed up the modernisation of its IT environment
4 October 2021 05:16 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 …
Company News
The capital contribution will enable Ignis Energy to fund its growth plans
4 October 2021 01:01 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. …
Companies Investments
EFG Hermes has been appointed as an advisor
29 September 2021 11:37 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 …
Initial Public Offerings
The capital will be increase by issuing 50.52 million shares
28 September 2021 02:17 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 …
General Assembly
The issuance is backed by a receivables portfolio worth EGP 369 million
13 September 2021 05:22 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 …
Companies Investments
The event is operated on a digital platform by EFG Hermes
13 September 2021 01:08 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 …
Event
The company's issued capital will be raised to EGP 4.86 billion
30 August 2021 04:06 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 …
Corporate Actions
EFG Hermes will own 51% of the bank
30 August 2021 00:14 PM 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 …
Mergers and Acquisitions
The revenues levelled up to EGP 3.59 billion in the six-month period
18 August 2021 00:07 PM 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, …
Financial Results
The transaction involved the trading of 5.21 million shares
28 July 2021 06:24 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 …
Insider Trading & Treasury Stocks
The transaction is the first IPO in Abu Dhabi since 2017
15 July 2021 00:28 PM 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 …
Initial Public Offerings
valU will offer students instalment payment plans of up to 60 months
12 July 2021 00:07 PM 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 …
Banking and Finance
EFG Hermes will increase its capital to EGP 4.611 billion
7 July 2021 05:33 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 …
Corporate Actions