EFG Hermes, the leading investment bank in Frontier and Emerging Markets (FEM) under EFG Holding and Palm Hills Developments (PHD), a leading real estate developer in Egypt jointly announced today the successful closing of an EGP 421 million securitized bond, the second issuance in a newly approved EGP 5 billion program.
Tanmeyah, a subsidiary of EFG Holding and a leading provider of financial services in Egypt with a concerted focus on the micro and small enterprise segments, announced the launch of its mobile application. This development represents Tanmeyah's steadfast commitment to delivering secure, convenient, and customer-centric financial solutions.
EFG Corp-Solutions, a wholly-owned subsidiary of EFG Finance, an EFG Holding Company, and one of Egypt’s leading leasing and factoring companies, announced today that it signed an agreement with Elsewedy Industrial Development, a subsidiary of ELSEWEDY ELECTRIC to offer a holistic set of financing solutions for its SOKHNA360 the integrated industrial city located in the SCZONE.
Tanmeyah is a subsidiary of EFG Holding and a leading provider of financial services in Egypt with a concerted focus on the micro and small enterprise segments, announces that it was recognized as the ‘Best Place to Work’ by the Global Economics Awards, as well as the ‘Fastest Growing Microfinance Company’ for the second consecutive year. This recognition shines a light on Tanmeyah’s dedication to cultivating a thriving and supportive work environment for its employees and providing their customers with relevant microfinance products and services.
EFG Hermes, EFG Holding’s Investment Bank, the leading investment bank in Frontier and Emerging Markets (FEM), announced today that its Investment Banking division successfully concluded advisory on a merger and acquisition (M&A) deal for Kazyon, a prominent MENA-based discount retailer. In this transaction, Kazyon successfully acquired a 50% stake in Dukan, the sole discount retailer in Saudi Arabia, signaling its strategic entry into the Saudi market. Al Dabbagh Group, the existing shareholder of Dukan, will retain the remaining 50% stake in the company. EFG Hermes advised Kazyon on the acquisition of Dukan with White and Case acting as legal counsel.
EFG Holding, a trailblazing financial institution with a universal bank in Egypt and the leading investment bank in Frontier and Emerging Markets (FEM), is pleased to announce that it has successfully acquired the prestigious ISO 27001 Information Security Management System (ISMS) certification, reaffirming the company's commitment to safeguarding the confidentiality, integrity, and availability of its customers' and investors' information.
aiBANK, a leading provider of integrated retail, corporate, and Islamic banking solutions in Egypt and Valu, MENA’s leading universal financial technology powerhouse, is proud to announce their partnership in issuing a new co-branded credit card in association with Visa, a world leader in digital payments, that is exclusive to Valu customers. This collaboration aims to provide exceptional financial solutions to Valu’s customers while enhancing the overall customer experience for users. Eligible Valu customers will be able to apply for the card through the Valu app starting from Sunday, January 28th.
Valu, MENA’s leading universal financial technology powerhouse, announced its partnership with Bosta, the leading tech-enabled last-mile delivery service provider in Egypt and Saudi Arabia, via a strategic agreement. PayTabs Egypt, MEASA’s award-winning payments powerhouse, developed this innovative feature to facilitate the payment of shipments using the installment on delivery (IOD) feature through the Valu app for the first time in Egypt. This agreement aims to elevate the purchasing process and boost sales for e-commerce businesses.
Tanmeyah, a subsidiary of EFG Holding and Egypt’s leading provider of financial services, announces growing its strategic partnership with Gulf Insurance Group (GIG - Egypt), one of the Gulf Insurance group companies and a leading provider of non-life insurance solutions in the country. This collaboration marks a significant milestone as it enables Tanmeyah to expand its product offerings to include multiple new innovative insurance products, further fortifying its commitment to financial empowerment and inclusion. The company has obtained the necessary regulatory approvals from the Financial Regulatory Authority for the new set of product offerings.
Valu, MENA’s leading universal financial technology powerhouse, announced today that it has closed its seventh securitized bond issuance. The issuance is part of the approved extended EGP 9.0bn program. The bond is backed by a receivables portfolio assigned to EFG for Securitization as the issuance’s special purpose vehicle (SPV).
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