Tag: #EFG Hermes
EFG Hermes concludes advisory on $244 million IPO of Abraj Energy
The IPO attracted demand of $2.05 billion (OMR 791 million) for shares from both retail and institutional investors
EFG Hermes’ valU, Azimut partner to launch AZ valU fund
The fund invests in a roster of secure, high-liquidity assets with short-and medium-term tenors, ultimately generating competitive average daily returns for customers
EFG Hermes advises MNHD on EGP 805.5 million securitized bond issuance
EFG Hermes said the transaction is the latest in a series of debt issuances closed by its investment banking division for MNHD
Here’s why EFG Hermes is considering exiting 3 markets
EFG Hermes said Tuesday that it plans to exit its operations in Pakistan and Jordan as part of the Egyptian universal bank’s broader strategy...
UAE’s ADIB increases stake in Egyptian unit to nearly 53%
UAE’s Abu Dhabi Islamic Bank (ADIB) said Monday that it had acquired an additional 2.4% stake in its Egyptian unit, ADIB Egypt, in a...
EFG Hermes’ BNPL firm valU acquires HR and payroll platform Paynas
Egyptian buy now pay later (BNPL) firm valU said Tuesday that it has acquired Paynas, a full-fledged employee management and benefits company that offers...
EFG Hermes signs a $39.2 million sale and leaseback deal with Egypt’s Marakez
Egyptian universal bank EFG Hermes said Wednesday that its leasing and factoring arm has signed a $39.2 million (EGP 750 million) sale and leaseback...
Egyptian fintech startup valU raises $12.4M, valuation touches $247.4M
Egyptian buy now pay later (BNPL) firm valU said Monday that it has secured a $12.4 million capital injection from the Alhokair Family, valuing...
First Abu Dhabi Bank withdraws its non-binding offer for majority stake in EFG Hermes...
After careful consideration and in the context of ongoing global market uncertainty and volatile macro-economic conditions, First Abu Dhabi Bank (FAB) has decided to...
EFG Hermes Corp-Solutions signs a USD25mln vessel finance deal with Transmar
EFG Hermes Corp-Solutions, a subsidiary of EFG Hermes Holding and one of Egypt’s leading leasing and factoring companies, has signed a USD 25 million...