valU, MENA’s leading lifestyle enabling fintech platform, announced today that it has signed a partnership with ELTarek Automotive, one of the leading multi-brand automotive dealers in Egypt, operating across the majority of Egypt’s governorates, to offer convenient and accessible payment solutions to customers wishing to purchase new vehicles.
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 244 million initial public offering (IPO) of Abraj Energy Services (the “Company”), the oil and gas drilling unit of Oman's state energy company OQ, on the Muscat Stock Exchange (MSX) – marking the largest Omani listing since 2010 and the second largest IPO on a Middle Eastern Exchange this year. EFG Hermes acted as joint global coordinator on the IPO alongside National Bank of Oman and Ahli Bank. The Company began trading today on the Muscat Stock Exchange.
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 2.5 billion initial public offering (IPO) of ADNOC Gas plc — a large-scale, integrated gas processing company and an integral part of ADNOC’s value chain — on the Abu Dhabi Securities Exchange (ADX). The listing marks the largest on the ADX to date, and the largest IPO globally so far this year. EFG Hermes acted as joint bookrunner on the transaction.
valU, MENA’s leading lifestyle-enabling fintech platform, and Azimut, the leading multinational asset manager, announced today that they partnered to launch the AZ valU Fund, a money market fund providing people with a flexible and convenient investment solution featuring the market’s most competitive daily yields. The fund compounds interest daily, giving clients access to daily redemptions without locking capital up in long-term, fixed instruments.
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division has successfully concluded the second, EGP 958 million securitized bond issuance for Bedaya Mortgage Finance, Egypt’s first non-bank online mortgage provider and one of EFG Hermes Holding’s non-bank financial institutions (NBFI). The bond, which comes as part of a wider EGP 3 billion securitization program, is backed by a mortgage portfolio assigned to EFG Hermes, the issuance’s special purpose vehicle (SPV).
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division has successfully concluded the first securitized bond issuance for Al Taamir Mortgage Finance – Al Oula, a prominent player in the Egyptian mortgage finance space, in a transaction worth EGP 998.5 million, as part of a wider EGP 3 billion securitization program.
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), kicked off its 17th annual One-on-One Conference yesterday in Dubai, which will run up until March 9, 2023. Attendees include 561 global institutional investors and 179 companies drawn from 29 countries across the region.
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), inaugurated the 17th EFG Hermes One-on-One Conference at Atlantis, The Palm in Dubai today, attended by senior government officials, high-profile regional business leaders, investors, and listed companies.
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division successfully closed an EGP 805.5 million securitized bond issuance for leading Egyptian real estate developer Madinet Nasr for Housing and Development (MNHD) — the second in an EGP 3.0 billion securitization program.
valU, MENA’s leading lifestyle-enabling fintech platform, announced today that it has partnered with Sixyards Sports & Event Management (Sixyards) and LaLiga Camp Egypt. The partnership will enable parents to leverage valU’s convenient financing solutions to enroll their children at LaLiga’s first-ever camp in Egypt for young footballers.
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