EFG Holding News - Mubasher Info
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02 April 07:37 AM

EFG Holding (HRHO)

Last update: 1 April 02:29 PM market time.
25.81
0.67
2.66%
Open 25.16
Previous Close 25.16
High 25.84
Low 25.40
Stock Statistics
Volume 4,079,231
Turnover 104,484,640.00
All data are 15 minutes late during market session

News

Net profit stood at EGP 1.05 billion in 2018
19 March 2019 00:21 PM EFG Hermes FY18 profit slips 15%
Cairo – Mubasher: EFG Hermes on Tuesday reported a 15% year-on-year decrease in its consolidated profits for fiscal year ended 31 December 2018. Net profit stood at EGP 1.05 billion during the period between January and December 2018, versus EGP …
Financial Results
Eastern Company’s additional share sale has attracted a large number of global, GCC, and Egyptian investors
7 March 2019 01:04 PM EFG Hermes advises on Eastern Co’s further share sale
Cairo – Mubasher: EFG Hermes Holding on Thursday announced that it has acted as the international coordinator and lead manager for floating an additional stake in Eastern Company on the Egyptian Exchange (EGX). Eastern Company’s further share sale …
Initial Public Offerings
EFG Hermes to advise on $500m M&A deal in Saudi
5 March 2019 07:05 PM EFG Hermes to advise on $500m M&A deal in Saudi; eyes expansions
Cairo – Mubasher: A top official from EFG Hermes said Tuesday that his company was working on a $500 million merger and acquisition (M&A) deal in Saudi Arabia. Speaking to Reuters, EFG Hermes’ head of investment banking Mohammed Fahmi projected …
Companies Investments
CEO of EFG-Hermes Holding Karim Awad
3 March 2019 01:56 PM EFG-Hermes mulls expansion into South East Asia - CEO
Cairo – Mubasher: EFG-Hermes Holding is looking to expand into South East Asia as part of its growth in emerging markets plan, the firm’s CEO said on Sunday. Egypt’s biggest investment bank is considering one or two new markets this year, Karim …
Companies Investments
EFG Hermes to focus on 3 major sectors in Egypt in 2019
16 January 2019 01:47 PM EFG Hermes to focus on 3 key sectors in Egypt in 2019
Cairo – Mubasher: It is expected that 2019 will be see gains in Egyptian stocks particularly those in the real estate, consumer, and educational sectors, an EFG-Hermes Holding equities strategist has said, noting that these are the sectors his …
Trading Activities
23 December 2018 01:06 PM EFG Hermes to net $14m from Vortex Energy's stake sale
The exit agreement is set for completion in the first quarter of 2019
Global Economy
23 December 2018 00:52 PM EFG Hermes closes $119m investment pledges for Egypt’s education
The fund was covered with investment pledges worth $119 million
Global Economy
Vortex Energy has become a “prominent” renewable energy-focused investment manager in Europe
22 December 2018 07:26 PM EFG Hermes-managed firm sells 49% stake in European wind portfolio
Cairo – Mubasher: EFG Hermes-managed renewable energy platform Vortex Energy has closed deal to sell its 49% stake in a 998 megawatts wind portfolio to a group of institutional investors advised by JP Morgan Asset Management.. The portfolio …
Companies Investments
3 December 2018 04:11 PM EFG Hermes to expand debt restructuring in 2019
Cairo – Mubasher: EFG Hermes is planning to expand its debt restructuring and securitisation activities next year.
Global Economy
27 November 2018 02:26 PM EFG Hermes eyes expanding into insurance, mortgage sectors
EFG Hermes is looking to expand into the insurance and mortgage sectors after obtaining the required regulatory approval, the firm’s CEO said.
Global Economy
EFG Hermes posted a revenue of EGP 1.36 billion for Q3-18
15 November 2018 03:05 PM EFG Hermes revenue exceeds EGP1bn in Q3
Cairo – Mubasher: EFG Hermes Holdings on Thursday posted a revenue of EGP 1.36 billion for the third quarter of 2018, compared to revenue of EGP 1.014 billion in Q3-17. Revenues for the marketing, insurance, and brokerage industry jumped by 128% …
Financial Results
Standalone profits surged to EGP 190.8 million at the end of September
15 November 2018 00:15 PM EFG Hermes profit slips 24% in 9M
Cairo – Mubasher: EFG Hermes on Thursday reported a 23.7% year-on-year drop in consolidated profits for the first nine months of 2018. The Egyptian investment bank's profits retreated to EGP 767.16 million during the period starting January to …
Financial Results
EFG Hermes has revealed plans to raise the number of its employees
10 October 2018 01:58 PM EFG Hermes eyes Saudi Arabia’s IPOs
Cairo – Mubasher: EFG Hermes is seeking to win a tender for the management of initial public offerings (IPOs) in Saudi Arabia as it seeks to expand in the Saudi market, co-head of investment banking Mohamed Fahmi said. The leading investment bank …
Initial Public Offerings
EFG Hermes will manage Eastern Co’s additional 4.5% stake offering on the EGX
3 October 2018 00:37 PM EFG Hermes to manage Eastern Co’s additional offering on EGX
Cairo – Mubasher: Chemical Industries Holding Company and EFG Hermes have signed a deal to manage and begin the roadshow of Eastern Co’s initial public offering (IPO). Upon the deal, the leading investment bank will manage Egypt's monopoly …
Corporate Actions
Alaa and Gamal Mubarak have denied any wrongdoing
16 September 2018 00:19 PM Mubarak’s sons arrested over EGX manipulation
Cairo – Mubasher: The Cairo Criminal Court has ordered the arrest of ousted Egyptian President Hosni Mubarak’s two sons for violating the rules of the Egyptian Exchange (EGX) and the Central Bank of Egypt (CBE) to make unlawful profits through …
Corporate Actions
The state-run IPOs aim to develop the Egyptian capital market and attract liquidity to the EGX
6 September 2018 11:47 AM Egypt starts gov't IPO scheme with Eastern Co’s additional 4.5% stake
Cairo – Mubasher: The Egyptian finance minister on Thursday announced the launch of government initial public offerings (IPOs) programme by floating a further 4.5% stake in Eastern Co on the Egyptian Exchange (EGX). NI Capital, the consultant of …
Corporate Actions
EFG Hermes’s first implemented transaction in the Omani market is part of its expansion strategy
5 September 2018 00:05 PM EFG Hermes carry out 1st IPO on Omani bourse
Cairo – Mubasher: EFG Hermes on Wednesday announced the completion of Dhofar Power Company’s initial public offering (IPO) on Muscat Securities Market at a total value of $52 million. The leading investment bank was the global coordinator and …
Initial Public Offerings
EFG Hermes is currently working on closing between 2 and 3 merger and acquisition (M&A) transactions
4 September 2018 03:38 PM EFG Hermes to manage 5 IPOs on EGX, GCC bourses
Cairo – Mubasher: EFG Hermes has implemented 12 transactions since the beginning of 2018, compared to 16 deals during the full-year 2017, the group's co-head of Investment Banking said on Tuesday. The Egyptian investment bank is currently working …
Macroeconomics
The contracts of these loans are projected to be signed by the end of this year
2 September 2018 02:09 PM EFG Hermes arranges EGP 3bn loans for 2 firms
Cairo – Mubasher: EFG Hermes Holding is arranging new loans worth a combined EGP 3 billion in favour of two companies. One of the companies is operating in grain trading, while the other is a real estate developer, sources told local newspaper …
Companies Investments
NI Capital is looking to complete the secondary sale this year
2 September 2018 01:00 PM EFG Hermes eyes managing gov’t IPOs on EGX
Cairo – Mubasher: EFG Hermes Holding on Sunday will present an offer for government-owned financial institution NI Capital to manage one of the state-run firms’ initial public offering (IPO) on the Egyptian Exchange (EGX). The launching time of …
Initial Public Offerings
In Q1-18, the leading investment bank logged EGP 200 million in net profits
15 August 2018 00:05 PM EFG Hermes H1 profit slumps 37%
Cairo – Mubasher: EFG Hermes on Wednesday reported a 37.2% year-on-year drop in consolidated profits for the first half of 2018, recording EGP 479.7 million from EGP 765.37 million. Revenues totalled EGP 2.5 billion in the six-month period ended …
Financial Results
EFG Hermes signed a definitive SPA to acquire a 100% stake in Nigeria's Primera Africa
19 July 2018 11:41 AM EFG Hermes acquires top-ranked brokerage firm in Nigeria
Cairo – Mubasher: EFG Hermes has signed a definitive sale and purchase agreement (SPA) to acquire a 100% stake in Primera Africa Finance Group, a top-ranked brokerage house in Nigeria. The transaction’s value is less than 10% of total …
Companies Investments
EFG Hermes is looking to invest about $300m in Egypt’s education sector in the coming 5 yrs
28 May 2018 02:59 PM EFG Hermes eyes acquiring 30 schools in Egypt
By: Ahmed Allam Cairo – Mubasher: EFG Hermes plans to take over more than 30 schools over the next five years, Karim Moussa, head of Asset Management and Private Equity at EFG Hermes, has said. The leading Egyptian investment bank is also looking …
Corporate Actions
The Emirati provider of education services GEMS Education will manage and operate these schools immediately
28 May 2018 01:03 PM EFG Hermes to acquire EGP 1bn TMG Holding schools
Cairo – Mubasher: EFG Hermes on Monday announced it has closed an agreement with Talaat Moustafa Group Holding (TMG Holding) to acquire a portfolio of elementary schools in Madinaty and El Rehab with nearly EGP 1 billion in investments. The …
Companies Investments
EFG Hermes plans to acquire four or five schools by the end of September
21 May 2018 00:02 PM EFG Hermes to invest $300m in Egypt’s education sector
Cairo – Mubasher: EFG Hermes plans to invest $300 million in Egypt’s education sector in collaboration with the Emirati provider of education services GEMS Education in the next five years. The leading Egyptian investment bank will invest in …
Companies Investments