Latest in Tag: hermes Highlight

Latest in Tag: hermes

Hermes to cover 50% of Vortex acquisition of solar projects 

EFG-Hermes intends to play the role of initial public offering (IPO) underwriter for a 50% ratio of the capital of the agreement entered into by Vortex Company to acquire various solar power projects owned by Terra Form Power in the United Kingdom at a value of £470m. EFG-Hermes will retain 5% of the value of …

Mohamed Ahmed

LE 1.2bn estimated value of Domty IPO: Sources

Arabian Food Industries Company Domty announced today the offering of up to 122,500,000 existing ordinary shares representing 49% of the company’s outstanding share capital listed on the Egyptian Exchange (EGX) currently owned by the selling shareholders.

Mohamed Ahmed

Hermes allocates EGP 50m for development projects in Upper Egypt, 20m for ‘Long Live Egypt’ fund

Investment bank EFG-Hermes Financial has allocated EGP 50m for its sub-organisation Hermes Foundation for Social Development in order to pursue development projects in several villages in Upper Egypt beginning early 2015, according to the bank’s timetable for implementation. The project aims to provide services to 30,000 citizens. Mona Zulfikar, chairwoman of the board of trustees …

Mohamed Ayyad

EFG seeks to increase assets under management in Egypt

Reuters – EFG Hermes, one of the largest investment banks in the Middle East, is seeking to expand its assets under management in Egypt by 25% this year, a senior executive said on Tuesday. Nabil Moussa, head of asset management for EFG in Egypt, told reporters that of the $3bn in assets the bank manages …

Daily News Egypt

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