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27 FEBRUARY 2023

EFG Hermes Kenya launches digital end-to-end registration of new trading accounts through EFG Hermes One making it a seamless and convenient experience

EFG Hermes Kenya, the leading brokerage firm in Kenya, has launched an all-new digital onboarding process for its online trading platform, EFG Hermes One Kenya App. The streamlined digital onboarding process is integral to its strategy to promote financial inclusion in Kenya and the frontier markets in which it operates.

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21 FEBRUARY 2023

EO Charging Secures US$ 80 Million Equity Investment from Vortex Energy and Zouk Capital to Expand its Leadership Position in EV Fleet Charging

EO Charging, a leading provider of electric vehicle (EV) charging solutions for fleets, has today announced it has secured approximately US$ 80 million in equity investment from Vortex Energy, a leading energy transition investment firm, and Zouk Capital, a private equity and infrastructure fund manager, to accelerate its growth plans and global expansion strategy. The two investors are coming together in a partnership that will support EO’s path towards global leadership in EV fleet charging as zero-emission transportation adoption accelerates.

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16 FEBRUARY 2023

EFG Hermes Successfully Concludes EGP 638 Million Securitized Bond for Palm Hills Developments

EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), and Palm Hills Developments (PHD), a leading real estate developer in Egypt, jointly announced today the successful closing of an EGP 638 million securitized bond.

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12 FEBRUARY 2023

Majid Al Futtaim Malls in Egypt and valU Celebrate Crossing EGP 1 Billion in Sales

Majid Al Futtaim, the leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia, and valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced today that they had surpassed a total of EGP 1 billion in Buy-Now, Pay-Later (BNPL) sales across Majid Al Futtaim’s shopping malls in Egypt since the start of their partnership, namely at Mall of Egypt, City Centre Almaza, City Centre Alexandria and City Centre Maadi.

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23 JANUARY 2023

valU Inks Partnership with Fintech Start-Up “Sympl” to Provide Short-Term Buy-Now, Pay-Later Plans for Customers

valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced today that it has partnered with Sympl, a first-of-its-kind fintech start-up in the Egyptian Buy-Now, Pay-Later (BNPL) space that has gained traction in a short period of time since it was founded last year, to allow   valU customers to pay for purchases using Sympl’s interest-free, three-month payment plans across select valU and Sympl retail partners and merchants. The partnership will allow valU customers to benefit from Sympl’s payment plans across different product and service categories. 

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17 JANUARY 2023

valU Deploys Infobip's Solutions to Provide Customer Support over WhatsApp

 valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform has announced the deployment of their WhatsApp Business Platform to elevate the customer experience, through a collaboration with Infobip, a full-stack global cloud communications platform. Infobip helps brands add real-time communications and digital interaction features to their own applications. 

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02 JANUARY 2023

EFG Hermes and Misr Italia Properties Announce Second Securitization Issuance Worth EGP 986 million

EFG Hermes, the leading investment banking franchise in Frontier and Emerging Markets (FEM), and Misr Italia Properties, one of Egypt’s leading real estate developers, announced today the successful conclusion of the latter’s second securitized bond issuance worth EGP 986 million, which comes as part of a wider EGP 2.5 billion securitization program.

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19 DECEMBER 2022

EFG Hermes Completes Listing of Saudi-Based Riyadh Cables Group Company’s SAR 1.4 Billion (USD 378 Million) Initial Public Offering on the Saudi Exchange

EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that it has concluded advisory on the SAR 1.4 billion (USD 378 million) IPO of Saudi power cables manufacturer Riyadh Cables Group Company (RCGC) on the Saudi Exchange — yet another landmark deal in the kingdom that marks the 10th IPO the Firm has advised on during 2022. EFG Hermes acted as joint bookrunner on the transaction. 

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15 DECEMBER 2022

valU Signs Strategic Partnership with Leading GCC Payments Fintech Platform Geidea to Fuel Digital Payment Growth in Egypt

valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced today that it has formed a partnership with Geidea, a Saudi-based digital payments provider, to integrate the company’s seamless and intuitive payment aggregation solutions into the valU ecosystem. 

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13 DECEMBER 2022

EFG Hermes Concludes Advisory on Americana Restaurants International’s Landmark USD 1.8 Billion Dual Listing on the ADX and the Saudi Exchange — the First Between Both Exchanges

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 1.8 billion initial public offering (IPO) of Americana Restaurants International Plc (Americana) on the Saudi Stock Exchange (Saudi Exchange) and the Abu Dhabi Securities Exchange (ADX) the first-of-its-kind concurrent dual listing between the two exchanges. The Firm acted as Joint Bookrunner and Underwriter on the listing.

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