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The company registered net profits worth EGP 10.7m in H1 of 2015, down from EGP 11m in H1 of 2014
Number of investment opportunities in Upper Egypt will be presented at the summit, which will tackle one of the poorest zones in the country
EFH Hermes Leasing will cater to SMEs and corporates
It is expected that by the third quarter (Q3) of this year, a final agreement will be settled.
Operating revenues increased by 7% YoY during the same quarter
Offering raised total demand in excess of $3.7bn, listing was 11.2 times oversubscribed, EFG Hermes said
Increasing authorised capital from EGP 3.2bn to EGP 6bn has also been approved by EGX
EFG Hermes plans to increase capital by EGP 391.83m
Investment bank operates in eight Arab countries
From project announcements to attendance, EFG Hermes Research offers insight into how to judge the government’s unprecedented bid to thrust Egypt back into the global investment spotlight.
Investment minister said government is currently working on resolving five investment disputes
Event gathers government officials, investors and senior managers from over 100 MENA companies
Qalaa Holding Company aims to increase capital to EGP1.8bn, in return for share swapping of partners stocks in subsidiaries and sister companies
Qalaa seeks to generate $300m from projects’ exits
Bank apparently refused in August to fund development of Sharm El-Sheikh Airport
Bank remains committed to business growth in Egypt, despite tough economic circumstances
Egyptian market is, however, the most attractive in the Arab world due to potentially high returns on investments
EFG-Hermes Chairperson Mona Zulfikar said her company seeks, through scientific and field studies, to develop the neediest areas in Egypt by combating poverty, developing health care, education, housing, water, and sanitation.
The investment bank registers a 46% increase in annual operating profits to EGP 247m
Listing will take place in 2015 with EGP 2bn in revenues anticipated, chairman says
Deal is EFG Hermes’s second investment in green energy in last 12 months
Awad explained that this is the first time in which non-registered companies will participate in company activities following the return of the tender market at the local and regional level.
Food industry likely to be the first to have an IPO, says Karim Awad
Investment bank EFG Hermes makes EGP 20m donation to the fund
The alliance says deal will bring $230m in foreign investments.
EFG-Hermes stated that the evaluation of the IFA was “fair and unbiased”
Sawiris-led Alliance purchasing 20% stake in Hermes from shareholders remains committed even if shares restricted from sale during first year
EFG-Hermes announced Wednesday that it appointed investment bank HC Securities and Investment as financial adviser to deal
The Egyptian authority has been assessing the documents submitted by the alliance
Less than one week after Abdel Fattah Al-Sisi’s presidential victory, Sawiris family announces second investment