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21 MAY 2024

EFG Hermes, an EFG Holding Company, Takes a Significant Step in Shaping the Future of Personalized, Fully Digitalized Investment Solutions by Acquiring a Minority Stake in Danish Fintech, Kenzi Wealth

EFG Hermes, an EFG Holding company and the leading investment bank in the MENA region, is pleased to announce that it has acquired a minority stake in Kenzi Wealth. Furthermore, EFG Hermes is delighted to announce the signing of a memorandum of understanding with Kenzi Wealth, a renowned Danish digital wealth manager that uses advanced AI-powered asset management technologies and investment risk analytics to help investors construct and rebalance their portfolios. 

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20 MAY 2024

Valu Closes its Ninth Securitized Bond Issuance Worth EGP 616.75 Million

Valu, MENA’s leading universal financial technology powerhouse, announced today that it has closed its ninth securitized bond issuance worth EGP 616.75 million. The issuance is part of the approved extended securitization program worth EGP 9.0 billion. 

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14 MAY 2024

Valu Partners with Forset Hayah Foundation to Support the Treatment of Children with Rare Diseases

Valu, MENA’s leading universal financial technology powerhouse, announced its partnership with Forset Hayah Foundation, the first non-profit charity organization in Egypt and Africa specializing in treating rare medical conditions among children. The partnership is targeting raising money for the treatment of children with spinal muscular atrophy (SMA) during 2024. 

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09 MAY 2024

EFG Hermes Completes Advisory on USD 375 Million IPO of Spinneys on the DFM

EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking division successfully completed its advisory on the USD 375 million initial public offering (IPO) of Spinneys, an operator of premium grocery retail supermarkets under the “Spinneys,” “Waitrose” and “Al Fair” brands in the UAE, Oman, and planning to open in the Kingdom of Saudi Arabia in 2024, on the Dubai Financial Market (DFM). EFG Hermes acted as a joint bookrunner on the transaction. 

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29 APRIL 2024

EFG Hermes Concludes Advisory on Hermes Securities Brokerage Company’s (HSB) Fifth, EGP 600 Million Senior Unsecured Short-Term Note Issuance

EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking division has successfully closed the issuance of a senior unsecured short-term note for the Hermes Securities Brokerage Company (HSB), a wholly owned subsidiary of EFG Holding, in an EGP 600 million transaction. This marks the fifth issuance for the company and the second in an approved two-year program worth EGP 2 billion.  

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08 APRIL 2024

Valu Empowers ESLSCA Students with Flexible Payments Solutions

Valu, MENA’s leading universal financial technology powerhouse, announced today its partnership with ESLSCA University, a leading international university in Cairo. The partnership will offer students flexible payment solutions and installment plans for tuition, providing students and parents with an array of payment options. 

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01 APRIL 2024

Valu Partners with noon Payments to Offer its Users Convenient Payment Plans

Valu, MENA’s leading universal financial technology powerhouse, announced today its partnership with noon Payments, noon.com’s online payments gateway, to offer Valu’s convenient and accessible financial solutions to customers. 

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27 MARCH 2024

aiBANK's Remarkable Year: Net Profits Reach EGP 1.15 Billion, on the Back of Strategic Growth Initiatives Led by Product Innovation and Partnerships

aiBANK, a leading provider of comprehensive retail, corporate, and Islamic banking solutions in Egypt and the commercial bank arm of EFG Holding announced today its results for the full year ended 2023. The Bank’s net profits came in at EGP 1.15 billion, representing 119% Y-o-Y growth, on the back of strategic growth initiatives featuring enhanced product offerings, services, and new partnerships to better cater to clients' evolving needs, on the other hand, net interest income increased by 42% to reach 2.5 billion EGP by the end of the fiscal year of 2023, compared to about 1.8 billion EGP at the end of the same period last year.

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25 MARCH 2024

Valu Partners with Braun to Ease the Accessibility of Grooming Products in Egypt

Valu, MENA’s leading universal financial technology powerhouse, announced today its strategic partnership with Proctor & Gamble (P&G) to offer innovative financing solutions for Braun's grooming products' consumers in Egypt. The collaboration is set to improve accessibility to Braun's grooming products by providing affordability solutions for consumers. Through this partnership, Valu aims to empower consumers to make easier and faster purchase decisions, particularly for high-cash outlay products like Braun.

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24 MARCH 2024

Valu Closes its Eighth Securitization worth EGP 888 Million in a Securitized Bond Offering Aimed at Fueling its Growth and Innovation Plans

Valu, MENA’s leading universal financial technology powerhouse, announced today that it has closed its eighth securitized bond issuance worth EGP 888 million. The issuance is part of the approved extended program worth EGP 9.0 billion. 

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