valU, MENA’s leading financial technology company, announced today that it signed a partnership with Gezira Sporting Club (GSC), the country’s oldest club and one of the most renowned sporting clubs in Egypt. Under the partnership, valU will provide comprehensive financing services to GSC’s new and existing members, including the coverage of membership fees for both the historical Zamalek and the latest October branch. valU will also extend its financial solutions to cover all membership-related payments, such as delayed penalties and the fees for adding a new family member.
Palm Hills Developments (PHD), a leading real estate developer in Egypt and, EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), jointly announced today the successful closing of an EGP 472.5 million securitized bond. The issuance is structured as follows: - Tranche A – valued at EGP 49.61 million with a tenor of 13 months and a credit rating of AA+ from Middle East Ratings and Investors Service (MERIS)- Tranche B – valued at EGP 137.02 million with a tenor of 36 months and a credit rating of AA from MERIS- Tranche C – valued at EGP 285.86 million with a tenor of 84 months and a credit rating of A from MERIS
aiBANK, Egypt’s foremost provider of integrated retail, corporate, and Islamic banking solutions, announced today that it has availed Instant Payment Network (IPN) services through the InstaPay App, allowing customers to transfer money instantly between bank accounts, transfer to bank cards, and digital wallets using their mobile phones.
TAQA Arabia, the full-service energy and utility provider in Egypt, announced today the start of trading of the group's shares on The Egyptian Exchange (EGX). The shares to start trading at 10:00 am on Sunday July 9, 2023. This comes after receiving the EGX listing committee approval to list TAQA Arabia’s shares in the ‘Utilities’ sector under the ticker symbol (TAQA.CA).
valU, MENA’s leading lifestyle-enabling fintech platform, announced today that it has closed its fifth securitized bond issuance. The EGP 1.42 billion issuance is part of a newly approved EGP 4.0 billion program.
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division successfully completed advisory on the USD 769 million initial public offering (IPO) of ADNOC Logistics & Services Plc (ADNOC L&S) — the UAE’s leading integrated energy player Abu Dhabi National Oil Company’s (ADNOC) maritime logistics unit — on the Abu Dhabi Securities Exchange (ADX). EFG Hermes acted as joint bookrunner on the transaction.
valU, MENA’s leading lifestyle enabling fintech platform, announced today that it has partnered with Telda — Egypt's digital payments platform that offers its users payments services through its mobile application and prepaid card without the need of having a bank account — to enable users of valU’s instant cash redemption product, “Sha2labaz”, to disburse money on Telda— a unique value proposition and the first-of-its-kind partnership and offering in the Egyptian market.
EFG Hermes Holding announced today that it has successfully rebranded to EFG Holding (EGX: HRHO – LSE: EFGD) to ensure the brand evolves in line with the Group’s expansion across three distinct verticals: EFG Hermes the investment bank, EFG Finance the non-bank financial institutions (NBFI) platform, and aiBANK the commercial bank. In addition, the name change on the group level will entail changing the EFG Hermes Foundation’s name to become the EFG Foundation. Today, EFG Holding stands as a trailblazing financial institution providing boundless financial opportunities with a universal bank in Egypt and the leading investment bank franchise in Frontier and Emerging Markets (FEM), consistently offering customers best-in-class, end-to-end financial services.
EFG Hermes Holding, the leading financial institution with a universal bank in Egypt and the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today its results for the three months ended 31 March 2023. The Group recorded a 129% Y-o-Y increase in revenue to EGP 4.5 billion in 1Q23, primarily driven by growth in treasury operations, as well as solid results generated from the Investment Bank and aiBANK during the period.
valU, MENA’s leading lifestyle-enabling fintech platform, announced today that it has partnered with Partment — a digital platform offering their clients fractional shares (co-ownership) in fully-managed second homes across prime locations — to enable users to leverage its flexible and affordable payment plans for Partment’s property management and maintenance services.
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