Latest in Tag: EFG Hermes Highlight
Latest in Tag: EFG Hermes
EFG Hermes meets necessary conditions for Arab Investment Bank acquisition
Bank’s issued, paid-up capitals increase to EGP 5bn
EFG Hermes closes valU’s first securitized bond offering worth EGP 322.5m
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 …
CBE approves EFG Hermes, Sovereign Fund’s acquisition of Arab Investment Bank for EGP 3.8bn
Acquisition to increase issued, paid-in capital of AIB to EGP 5bn
EFG Hermes records 20% Y-o-Y increase in revenues in 2Q21
Groups’ bottom-line maintained its upward trajectory, booked a solid 24% Y-o-Y increase to EGP 406m in 2Q21
EFG Hermes Kenya launches new online trading platform
Mobile app part of company’s strategy to offer its value-added investment solutions to retail investors in Kenya
EFG Hermes, Saudi Exchange host conference highlighting kingdom’s capital market opportunities
Conference aims to bring together global line-up of leading institutions, investors to discuss key insights on prospects of Saudi capital market
EFG Hermes reports 30% y-o-y surge in top-line after stellar Q1 2021 performance
The surge comes on the back of a positive performance across the majority of the Group’s lines of business in Q1 of 2021.
EFG Hermes sets Arab Investment Bank acquisition deal in motion
Stakes of EFG Hermes, Sovereign Fund of Egypt in AIB would stand at 51%, 25%, respectively
Arab Investment Bank acquisition expected to be finalised by early Q2 2021
EFG Hermes, TSFE aim to jointly obtain 76% stake in AIB through capital increase
Hermes tops brokerage rankings in January with EGP 5.2bn transactions
Mubasher Capital aims to reach investments of EGP 1bn under new platform, DU Invest, by 2021 end
EFG Hermes concludes advisory on Agthia Group acquisition of Al Faysal Bakery and Sweets
‘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
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