Latest in Highlight
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EFG Hermes 18% YoY growth in net profit during Q3 of 2020
Revenues for the quarter came in at EGP 1.4bn, up 21% YoY. Revenues were buoyed by strong performance from EFG Hermes’ buy-side platform on the back of strong revenues at the Private Equity division on realized incentive fees of EGP 349m following the exit from Vortex Solar
PayTabs Egypt provides SMEs with 3 months free online payment, collection: EFG Hermes
The initiative aims to help SMEs overcome the consequences of the recent economic slowdown and other repercussions caused by the novel coronavirus (COVID-19).
EFG Hermes, GB Auto complete majority acquisition of Tokio Marine Egypt Takaful
Acquisition completes two companies’ full suite of NBFI services, including leasing, microfinance, Fintech, and digital payments
EFG Hermes to serve as financial advisor to MTI’s e-payment subsidiary IPO
Step comes on back of MTI’s merging of Masary and Bee e-payment platforms
EFG Hermes reports 8% PATMI growth to EGP 328m in Q2 2020
Company revenues jump 26% y-o-y in Q2, recording EGP 1.3bn
EFG Hermes concludes advisory role in $50m sale of Fawry shares
EFG Hermes acted as sole bookrunner of the Fawry shares transaction on behalf of the selling shareholders
No current plan for debuting EFG Hermes Finance on stock market: Group’s MD
Recovery from coronavirus crisis could take up to 18 months: Head of Research at EFG
EFG Hermes plays lead role in boosting EGX gains
Market capitalisation up by EGP 10.6bn, EGX30 up by 2.55%
EFG Hermes, TSFE starts due diligence on aiBank to buy majority stake
Parties will subscribe to capital increase aimed at bank ownership of at least 76%
EFG Hermes holds first Virtual Investor Conference
Executives from 72 companies representing 14 countries will connect with over 480 investors managing an aggregate $15trn in assets. Participants will access conference events through a digital platform moderated by EFG Hermes.
EFG Hermes to add new business lines for complete NBFIs platform
EFG Hermes has also been an early adopter of the International Financial Reporting Standard 16 (IFRS 16), in the first quarter (1Q) of 2020, and which hit that quarter’s income statement due to declining markets. No further significant one-off impacts from IFRS 16 is expected.
FBG keeps brokerage ranking YTD with EGP 36.2bn trading value
The Commercial International Brokerage Company (CIBC) came second with a EGP 17.7bn trading, representing a 9.7% market share. Hermes Securities Brokerage came third with a EGP 15.9bn trading value, and an 8.7% market share.
EFG Hermes, Paytabs partner for new electronic payments services
Paytabs Egypt will enable consumers and merchants to make one step purchases and, says Hassouna
TMG Sukuk records 2.5 bid-to-cover ratio: EFG Hermes
FRA earlier approves first Sukuk offering worth EGP 2bn
EFG Hermes concludes advisory on HMG’s $700m IPO on Tadawul
First day of Dr Sulaiman Al Habib Group trading, confirm the solid fundamentals of the stock, says Ebied
EFG Hermes reports EGP 4.8bn revenues, 36% y-o-y net profit increase to EGP 1.4bn in 2019
Revenue growth of 20% y-o-y was supported by strong results at both the Group’s Investment Bank and NBFI platforms
EFG Hermes, GB Auto to acquire majority stake in life insurance Tokio Marine Egypt Family Takaful
Under agreement, which is subject to regulatory approval, EFG Hermes Finance and GB Capital will each own 37.5% of the company.
Gradual recovery for private sector in 2020: EFG Hermes
Interest rates to witness 150-200 bps cut in 2020, with inflation stabilisation at 6-7%
EFG Hermes achieves EGP 358m profits, up 34% y-o-y
Strong growth for the third quarter driven by solid performance of Investment Bank, NBFIs platform
EFG Hermes successfully concludes advisory on GBP 288m IPO of Helios Towers on the London Stock Exchange
Helios Towers is EFG Hermes’s fifth IPO on the London Stock
Economists unanimously believe CBE will cut interest rates on Thursday
EFG Hermes’s Abu Basha foresees 0.5% cut, Pharos’ El-Swaify and Sigma expect 1.5%
Launch of 9th annual EFG Hermes London Conference, providing platform for investors, business leaders to explore FEM opportunities
Despite continued volatility of global conditions, positive stories coming out of MENA, frontier economies, with encouraging economic data from Saudi Arabia, Egypt, says Group CEO
EFG Hermes Finance intends to rely on financial technology in NBFS
EFG-Hermes Leasing considers new securitisation worth EGP 300-400m in Q4 of 2019
EFG Hermes snaps brokerage ranking top spot in August with 40% market share
Hermes Securities Brokerage second with EGP 4.6bn, CIBC in third with EGP 4bn
EFG Hermes earnings reach EGP 304m on operating revenues of EGP 1.1bn
Large private company to be offered on EGX by November
EFG Hermes net profits up 49% y-o-y to record EGP 304m in 2Q19
The company achieved revenues of EGP 1.1bn, reflecting a 13% y-o-y increase during the same period.
EFG Hermes accounts for 33.5% of EGX transactions in July
EFG Hermes conducted EGP 8.2bn of transactions thanks to institutions deals
Fawry’s institutional offering 15.9x oversubscribed, priced at EGP 6.46/share
Institutional offering of Egyptian e-payment network Fawry was 15.9x oversubscribed at EGP 6.46 per share (offer price), having generated about EGP 7.1bn ($431.0m), the offering manager EFG Hermes announced in a press statement on Thursday
NI Capital sets deadline for managing bids of Sidpec’s IPO by 5 August
Bidding firms are Hermes, CI Capital, Beltone Financial, HC, and Pharos
Hermes inches toward EGP 2bn deals before end 2019
Gad: 4 private companies preparing for EGX float, 2 will be offered before year-end