EFG Holding is a leading financial institution with a universal bank in Egypt and the leading investment bank in MENA markets.
EFG Holding boasts a direct presence in 8 countries across two continents. The company originated in the Egyptian market and has expanded over 40 years of continuous achievement, transforming from a regional investment bank in the Middle East to a trailblazing universal bank in Egypt and the leading investment bank in the Middle East and North Africa.
The company is distinguished by its professional team capable of providing a offering the full spectrum of asset management, securities brokerage, private equity and investment banking services, backed by top-ranked research. In the Egyptian market, the company owns a leading platform for non-banking financial services, covering various activities including microfinance, payments, leasing & factoring, as well as a leading financial technology company, mortgage finance, insurance, a B2B marketplace, and a micro-VC.
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Mohamed Taymour and two other founding partners establish Technical Financial Services (TFS).
The Firm grows to include six professionals and is incorporated as the Egyptian Financial Group (EFG).
The settlement of Egypt’s debt through the Paris Club requires Egypt to undergo a massive economic restructuring, including an ambitious privatization program calling for financial advisory assistance. EFG wins a flood of assignments that leads to the rapid recruitment of talented new team members.
Dr. Ahmed Heikal joins EFG after completing his PhD at Stanford University.including an ambitious privatization program calling for financial advisory assistance. EFG wins a flood of assignments that leads to the rapid recruitment of talented new team members.
The Firm is predisposed to equity transactions, making a commission of EGP 180,000 advising the EMM Africa Fund run by John Niepold on its CIB and Suez Cement transactions.
EFG launches Asset Management, Brokerage, and Research services. First research report — a company report on Amreyah Cement — is published.
As privatization deals were becoming increasingly common, Hassan Heikal, on a break from Goldman Sachs, observed the finalization of a cement company privatization. The experience sparked his interest, leading to negotiations to join the firm.
EFG merges with Hermes Financial Services to form EFG Hermes.The executive committee of EFG Hermes now includes Aladdin Saba and Aly El-Tahri.
EFG Hermes goes public in July via a USD 50 million GDR offering.
Citigroup acquires 20% of EFG Hermes.
EFG Hermes advises Orascom Telecom on the largest IPO in Egyptian history, setting a trend that will be topped by Telecom Egypt (2005) and Talaat Moustafa Group (2007).
Fleming CIIC joins the EFG Hermes family, creating a true national powerhouse with clear regional ambitions. Yasser El Mallawany joins EFG Hermes’ executive committee.
EFG Hermes launches the first One-on-One Conference in Sharm El-Sheikh, Egypt, which would go on to become one of the most important investor events in the region.
First step towards regional expansion with new license to operate in the UAE. Full rollout of services takes place in 2005.
After a symbolic first trade in late December 2004, the full range of services rolls out at EFG Hermes UAE as part of the Firm’s regional expansion plan.
Two capital increases raise USD 1 billion. Full KSA Investment Banking license received and 20% stake in Bank Audi is acquired.
EFG Hermes establishes the EFG Hermes Foundation, with the mission of assisting people and institutions to overcome the financial, educational, and health-related challenges facing our society.
The Firm launches the USD 500 million MENA Opportunities Fund along with leading international partners and launches USD 580 million EFG Capital Partners Fund III, L.P.
The Firm hosts the first annual Egypt Capital Markets Day conference at the London Stock Exchange, allowing upper management from leading Egyptian companies to meet face-to-face with global institutional investors. EFG Hermes enters Oman and Kuwait through acquisitions.
The Firm hosts the first annual Manhattan MENA conference in New York City, allowing upper management from leading regional companies to meet face-to-face with global institutional investors in the world’s financial capital.
EFG Hermes exits Bank Audi and acquires a 65% stake in Credit Libanais as part of product the diversification strategy. The Firm also marks first entry into Jordan.
EFG Hermes Investment Banking advises Wind Telecom of Italy on its USD 25.7 billion merger with Russia’s VimpelCom, in one of the largest global M&A transactions of 2011, and the Team’s largest M&A to-date.
EFG Hermes Brokerage UAE LLC receives a license authorizing it to introduce margin trading facilities for its clients on the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX).
The EFG Hermes Foundation partners with global pharmaceutical giant MSD to control the spread of hepatitis C in Egypt through a donation worth EGP 2 million to provide treatment and raise awareness.
EFG Hermes Investment Banking acts as joint bookrunner on the USD 690 million IPO of Dubai Parks and Resorts, which was heavily oversubscribed at its close on 30 November.
EFG Hermes Leasing is launched, marking the Firm’s first venture into the NBFI space.
The Firm participates in and sponsors the iconic Egypt Economic Development Conference in Sharm El Sheikh.
EFG Hermes expands into the US to serve institutional clients from the full-service branch in New York run by Wall Street veteran Karim Baghdady.
EFG Hermes divests majority stake in Crédit Libanais.
EFG Hermes expands NBFI platform with the acquisition of Tanmeyah Microenterprise Services, Egypt’s leading private-sector micro lender.
EFG Hermes inaugurates the Pakistan office, marking its first expansion outside the MENA region, in line with a strategy to pursue growth in FEMs.
The Firm’s NBFI platform expands to include valU, an innovative fintech platform that allows customers to make purchases and pay in installments.
The Firm marks the fourth addition to its NBFI platform with EFG Hermes Factoring.
EFG Hermes enters Nigeria through the 100% acquisition of Primera Africa, a top-ranked brokerage house in Nigeria.
Private Equity completes oversubscribed first close on Egypt Education Fund as part of a wider platform established in partnership with GEMS Education, one of the world’s leading providers of education services, to invest in Egypt’s vital education sector.
EFG Hermes signs a partnership agreement with Asia Commercial Bank Securities (ACBS) of Vietnam. EFG Hermes’ clients receive on-ground access and intelligence to trade in the Hanoi stock exchange, Ho Chi Minh City Exchange and UPCOM, some of Asia’s most compelling capital markets.
Investment Banking executes two IPOs and one M&A transaction in the KSA, including the Aramco IPO — the biggest public offering in history.
Private Equity exits its investment in a wind farm business in Europe at superior returns for EFG Hermes and its LPs.
EFG Hermes joins forces with GB Auto and TMG to launch mortgage services.
EFG Hermes Inaugurates First-Ever Virtual Investor Conference
EFG Hermes Holding completed its transformation into an Egyptian universal bank with a market-leading frontier emerging markets (FEM) investment banking platform.
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