Latest in Tag: EFG Hermes Highlight
Latest in Tag: EFG Hermes
Bank’s issued, paid-up capitals increase to EGP 5bn
EFG Hermes, the financial services corporation in Frontier Emerging Markets (FEM), has announced that it successfully closed valU’s first securitization issuance worth EGP 322.55m, as part of a broader EGP 2bn securitization programme approved by the Financial Regulatory Authority (FRA) on 25 July 2021. The bond is backed by a receivables portfolio of EGP 369m …
Acquisition to increase issued, paid-in capital of AIB to EGP 5bn
Groups’ bottom-line maintained its upward trajectory, booked a solid 24% Y-o-Y increase to EGP 406m in 2Q21
Mobile app part of company’s strategy to offer its value-added investment solutions to retail investors in Kenya
Conference aims to bring together global line-up of leading institutions, investors to discuss key insights on prospects of Saudi capital market
The surge comes on the back of a positive performance across the majority of the Group’s lines of business in Q1 of 2021.
Stakes of EFG Hermes, Sovereign Fund of Egypt in AIB would stand at 51%, 25%, respectively
EFG Hermes, TSFE aim to jointly obtain 76% stake in AIB through capital increase
Mubasher Capital aims to reach investments of EGP 1bn under new platform, DU Invest, by 2021 end
‘With healthy pipeline of deals in GCC, we expect region’s and in turn the Firm’s deal flow to grow throughout 2021,’ EFG Hermes official
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
The initiative aims to help SMEs overcome the consequences of the recent economic slowdown and other repercussions caused by the novel coronavirus (COVID-19).
Acquisition completes two companies’ full suite of NBFI services, including leasing, microfinance, Fintech, and digital payments
Step comes on back of MTI’s merging of Masary and Bee e-payment platforms
Company revenues jump 26% y-o-y in Q2, recording EGP 1.3bn
EFG Hermes acted as sole bookrunner of the Fawry shares transaction on behalf of the selling shareholders
Recovery from coronavirus crisis could take up to 18 months: Head of Research at EFG
Market capitalisation up by EGP 10.6bn, EGX30 up by 2.55%
Parties will subscribe to capital increase aimed at bank ownership of at least 76%
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 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.
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.
Paytabs Egypt will enable consumers and merchants to make one step purchases and, says Hassouna
FRA earlier approves first Sukuk offering worth EGP 2bn
First day of Dr Sulaiman Al Habib Group trading, confirm the solid fundamentals of the stock, says Ebied
Revenue growth of 20% y-o-y was supported by strong results at both the Group’s Investment Bank and NBFI platforms
Under agreement, which is subject to regulatory approval, EFG Hermes Finance and GB Capital will each own 37.5% of the company.
Interest rates to witness 150-200 bps cut in 2020, with inflation stabilisation at 6-7%
Strong growth for the third quarter driven by solid performance of Investment Bank, NBFIs platform