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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
EFG Hermes net profit records EGP 200 m in Q2 2018
EFG Hermes, financial services corporation in Frontier Emerging Markets (FEM), reported today its results in the second quarter (Q2) of 2018, recording a net profit after tax and minority interest of EGP 200m on revenues of EGP 1,004m. Adjusting for one-off gains related to the sale of a stake in Credit Libanais realised in the …
EFG Hermes acquires Nigeria’s Primera Africa
EFG Hermes has entered into a definitive sale and purchase agreement (SPA) to acquire 100% of Primera Africa, a top-ranked brokerage house in Nigeria. Upon completion of the acquisition, Primera Africa will operate under EFG Hermes’ brand name. “Nigeria is our fourth direct entry as we continue our strategy of expanding our geographic footprint in …
EFG Hermes to enter Nigeria via acquisition of Primera Africa
EFG Hermes, a financial services corporation in frontier and emerging markets (FEM), has entered into a definitive sale and purchase agreement (SPA) to acquire 100% of Primera Africa, a top-ranked brokerage house in Nigeria, according to a press statement on Thursday. The statement said that EFG Hermes will utilise its presence in Nigeria to serve …
EFG Hermes concludes advisory role for GBP 125mn IPO on London Stock Exchange
EFG Hermes, a leading financial services corporation in frontier and emerging markets (FEM), concluded its advisory role to international microfinance lender ASA International (ASAI) on its GBP 125m initial public offering (IPO) on the London Stock Exchange (LSE). With a 12-country footprint spanning Asia and Africa, ASAI is one of the world’s largest private-sector microfinance …
EFG Hermes named top frontier markets brokerage firm in Extel Survey 2018
EFG Hermes was ranked as the number one frontier market brokerage firm in the Extel Survey 2018, advancing from ninth place last year, according to a Monday press statement. The financial services corporation was previously named the top Africa Ex-South Africa Equities House at the Financial Mail Top Analyst Awards 2018. “Coming on the heels …
Egypt, Germany sign €1.6bn development deal
Germany-provided financial support for state budget records €225m at beginning of this year, says ambassador
EFG Hermes partners with GEMS Education to build K-12 education platform
EFG Hermes announced on Sunday that it is entering into an exclusive partnership with Global Education Management Systems (GEMS Education), one of the world’s leading providers of private English-language education for students from kindergarten to 12th grade (K-12), to jointly establish a new platform focused on Egypt’s K-12 education sector. The new platform aims to …
No significant decline expected in T-bonds demand after interest rate cuts: EFG Hermes
EFG Hermes has ruled out any significant decline in foreign investors’ appetite for Egyptian treasury bonds (T-bonds) if the Central Bank of Egypt (CBE) continues its policy of cutting interest rates. EFG Hermes Managing Director and Head of Research Ahmed Shams El Din announced that the total sales of Egyptian treasury bills (T-bills) to foreigners …
Dive into EFG Hermes survey naming Egypt best-performing market in region
2018 forecasted to be breakout year for FEMs, says Karim Awad
Egypt tops EFG Hermes survey as best performing MENA market in 2018
2018 forecasted to be breakout year for FEMs, says Karim Awad
EFG Hermes stock major trend still up despite current correction: report
Daily chart shows stock might be building medium-term base, says Markets Chimp
Egypt’s economy will harvest reform fruits in 2018: EFG Hermes
Proposals are still small, we hope for return of emerging market funds this year, says Ebeid We will manage three proposals in Egypt; industry, consumption most attractive for mergers, acquisitions, says Gad Corporate profits grew 70% last year, Egyptian stock prices most attractive for investors, says Shams We study opportunities in regional energy sector; Egypt …
Banque du Caire to be put up in Q4 2018: EFG-Hermes executive management
Putting up Unionaire will be biggest offering since 2015
EFG Hermes, SFSD join forces to launch an integrated sustainable development project in Upper Egypt
Project targets improving lives of 60,000 underprivileged citizens, says EFG Hermes CEO