EFG Holding (HRHO)

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News

15 July 2021 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 …

Initial Public Offerings

12 July 2021 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 …

Banking and Finance

7 July 2021 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 …

Corporate Actions

7 July 2021 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 …

Companies Investments

23 May 2021 00:08 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 …

General Assembly

20 May 2021 00:26 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 …

Macroeconomics

20 May 2021 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 …

Banking and Finance

19 May 2021 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 …

Financial Results

14 April 2021 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 …

Corporate Actions

30 March 2021 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 …

Macroeconomics

29 March 2021 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 …

Mergers and Acquisitions

18 March 2021 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 …

Company News

17 March 2021 00:45 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 …

Financial Results

20 January 2021 05:51 PM EFG Hermes closes EGP 170m securitisation issuance for Premium International

Cairo – Mubasher: EFG Hermes announced the completion of the fourth short-term securitisation issuance worth EGP 170 million for Premium International for Credit Services. This comes as part of a two-year securitisation programme worth EGP 2 …

Bonds

19 January 2021 04:47 PM EFG Hermes tops brokerage firms in Egypt, Kuwait, Dubai, Kenya

Cairo – Mubasher: EFG Hermes Securities Brokerage topped brokerage firms in Egypt, Kuwait, Dubai, and Kenya during 2020 and came in the second position in Abu Dhabi and Nigeria and the third place in Oman. The brokerage firm kept its leading …

Company News

12 January 2021 05:48 PM EFG Hermes closes EGP 700m securitisation bond issuance for Amer, Qasatli, Porto

Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes) has concluded the first issuance of a securitisation programme worth EGP 6.5 billion for Amer Group Holding Co, Porto Group Holding, and Qasatli. EFG Hermes served as sole …

Bonds

14 December 2020 04:49 PM EFG Hermes selected to advise on sale of Army-affiliated firms

Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes) has been selected by the Sovereign Fund of Egypt (TSFE) to act as a financial advisor on the promotion of companies affiliated to the National Service Products Organization …

Macroeconomics

14 December 2020 02:09 PM EFG Hermes issues short-term bonds worth EGP 500m

Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes) announced the issuance of a second EGP 500 million tranche of its EGP 2 billion bond programme for its subsidiary Hermes Securities Brokerage (HSB). The short-term bond …

Bonds

9 December 2020 05:22 PM CAYESH, EFG Hermes Corp Solutions to provide digital supply chain financing solutions

Cairo – Mubasher: The fintech firm CAYESH signed a strategic partnership agreement with EFG Hermes Corp Solutions. The two companies will launch a programme enabling corporate buyers and their suppliers to digitise their payment processes and …

Company News

29 November 2020 01:03 PM CIRA's board approves EGP 600 Sukuk issuance

Cairo – Mubasher: The board of directors of Cairo for Investment and Real Estate Development (CIRA) approved a decision to issue Ijara Sukuk worth up to EGP 600 million. The issuance, still pending shareholder approval, will be managed by the …

Sukuk and Islamic Finance

18 November 2020 11:11 AM EFG Hermes sees 18% lower profit in 9M

Cairo – Mubasher: The consolidated financial statements of the Egyptian Financial Group Hermes Holding (EFG Hermes) showed net profits of EGP 849.8 million during the first nine months of 2020, down by 18.2% year-on-year (YoY) from EGP 1.04 …

Financial Results

23 September 2020 05:39 PM EFG Hermes lists Ijara Sukuk on EGX

Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee announced the listing of Ijara Sukuk issued by EFG Hermes Securitization Company. The Ijara Sukuk is compliant with Islamic Sharia, tradable, and non-convertible, according to a …

Corporate Actions

22 September 2020 11:24 AM PayTabs Egypt offers three-month free access to digital payment solutions

Cairo – Mubasher: PayTabs Egypt, a joint venture (JV) between the Egyptian Financial Group Hermes Holding (EFG Hermes) and PayTabs, is offering existing and prospective clients free access to a payment gateway for three months. The …

Company News

21 September 2020 11:02 AM Ebtikar hires EFG Hermes to explore listing options

Cairo – Mubasher: MM Group for Industry and International Trade (MTI) and B Investments Holdings announced that Ebtikar Holding for Financial Investments appointed the Egyptian Financial Group Hermes Holding (EFG Hermes) to explore the various …

Corporate Actions

17 September 2020 01:05 PM EFG Hermes unit sells controlling stake in Vortex Solar

Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes), on Thursday said Vortex Energy, which is managed by Beaufort Investments s.a.r.l, has sold its controlling stake in Vortex Solar. Beaufort Investments is affiliated to the …

Companies Investments