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.
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.
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.
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.
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.
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.
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.
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.
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.
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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