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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
EFG Hermes considers entering insurance sector
Company focuses on enhancing its market share in Africa
EFG Hermes plans to establish fund for investing in real estate sector by 2020
Hermes’ expected share in education fund investments in 2019 amounts to $40m: Moussa
Alexandria Container, Cargo Handling invests EGP 380.7m in expansion, renovation, reform operations
Promotions operations to offer 20% of company will include 13 countries, launch in preparation: Ebeid
EFG Hermes completes advisory on NMC Health PLC’s, Hassana Investment Company JV
Furthermore, GOSI, one of the largest pension funds in the world by assets under management, will own (through a wholly-owned subsidiary) a 47% stake in the JV through its contribution of its 38.88% stake in the Tadawul-listed NMC Company at SAR 54.00 ($14) per share.
EFG Hermes, Vietnam’s ACBS sign partnership agreement
Partnership provides clients access to Hanoi Stock Exchange, Ho Chi Minh City Exchange, UPCOM, says Khalpey
EFG Hermes concludes advisory on Finablr’s £337m IPO on London Stock Exchange
Finablr is a global platform for payments and foreign exchange solutions, with holdings including the UAE Exchange, Travelex Holdings, Xpress Money, Unimoni, Ditto, and Remit2India, among others.
TMG, GB Capital, EFG Hermes launch mortgage finance company
New partnership will offer long-term, competitive mortgages, increasing affordability to better serve Egypt’s growing population of homebuyers
New draft law, technology to reshape consumer financing in Egypt: MD of valU
We deal with 250 merchants, have 30,000 clients, 1,500 distribution points, says Walid Hassouna
EFG Hermes reports EGP 1bn profits, EGP 4.3bn revenues in FY 2018
Firm’s board of directors proposed cash dividend of EGP 0.65/share, equivalent to 50% of attributable profits
EFG Hermes closes follow-on offering of Eastern Company on EGX
Transaction was met with strong demand from global, regional, Egyptian investors
34% of surveyed investors expect Egypt to be MENA’s top economic performer in 2019: EFG Hermes
EFG Hermes’s 15th One on One Conference kicks off in Dubai with participation of leaders of 186 companies, managing assets in excess of $11tn
EFG Hermes completes oversubscribed 1st close on Egypt Education Fund with total commitments of $119m
Education sector in Egypt in dire need of major investments…we expect to deliver attractive returns to our investors: Moussa
EFG Hermes’ Vortex Energy exits 998MW wind partnership with EDPR
Sale involves one of largest wind energy portfolios in Europe
EFG Hermes launches 3rd Egypt Day Conference in Cairo
Three-day event hosts 27 investors from 22 firms, financial groups with $5.5tn assets under management
EFG Hermes inaugurates its 8th Annual London Conference
Conference to bring together investors, fund managers representing $12tn in aggregate AUM
EFG Hermes plans to implement 18 deals in 2018: executive management
Deepening presence in current markets, taking six months before studying new markets, says Ebeid