EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), 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 Hermes Holding — in a transaction worth EGP 250 million. This marks the fourth issuance for HSB and the first in a newly approved two-year program worth EGP 2 billion.
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 210.5 million (AED 773 million) initial public offering (IPO) of Al Ansari Financial Services PJSC (AAFS) — one of the UAE’s leading integrated financial services groups specializing in the money transfer and exchange business — on the DFM.
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division has successfully concluded advisory on the eighth issuance for Premium International for Credit Services (Premium) in a securitized bond offering worth EGP 193.65 million. This is Premium’s first issuance this year, and comes as part of a wider two-year EGP 2.0 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), announced today its results for the full-year ended 2022. The Group’s revenues grew by 77% Y-o-Y to EGP 11.0 billion in FY22 on the back of robust results generated from its core operational platforms, including the Investment Bank, Non-Bank Financial Institutions (NBFI) platform, and the consolidation of aiBANK revenues in FY22.
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division successfully closed valU’s — MENA’s leading lifestyle enabling fintech platform — fourth securitized bond issuance. The transaction, worth EGP 856.5 million, comes as part of a wider approved and recently extended EGP 4.0 billion program.
Egypt’s Financial Regulatory Authority (FRA) has granted Kaf Insurance a commercial life insurance license. With the guidance and support of the FRA, Kaf is the first Egyptian insurance provider to convert from takaful insurance to commercial insurance. Through collaborative efforts between the FRA and Kaf Insurance, the conversion allows for the creation of straightforward and value-generating insurance solutions that pave the way for financial inclusion. In tandem with the national economic agenda, Kaf aims to support the economic development of all Egyptians by protecting those most financially insecure. As a commercial life insurer, Kaf is widening the accessibility and adoption of insurance through its innovative and localized solutions.
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.
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