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31 OCTOBER 2022

valU Partners with Makadi Heights to Launch Convenient Installment Solutions for Home Maintenance, Renovation Fees, and Furnishing

valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, has partnered with Makadi Heights, one of Orascom Development fully-integrated towns in the Red Sea, to avail convenient financing solutions for home maintenance, renovation fees, and furnishing. Homeowners at Makadi Heights will be able to comfortably cover the costs associated with the maintenance and renovation of their homes through valU’s flexible and accessible payment plans.

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31 OCTOBER 2022

In line with the Growing Importance of Supporting the National Industry, aiBANK Launches a Campaign to Announce Financing Programs for Small and Medium-Sized Companies, with Financing Facilities reaching 10 Million Pounds

aiBANK, a leading commercial bank specializing in providing a variety of banking services to individuals and businesses, as well as the financing of significant development projects, announced today the launch of a campaign titled “Financing That Moves You 100 Strides Forward” to raise awareness for its latest financing product.

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27 OCTOBER 2022

valU and aiBANK Partner with Sylndr, Providing Convenient Financing Solutions in the Underserved Used Car Market

valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, and aiBANK, a fast-growing commercial bank in Egypt with a strong corporate banking arm and various branches spread out across the country, announced today that they have forged a one-of-a-kind partnership with Egypt’s home-grown used-cars retailer, Sylndr, unlocking more affordable payment options for those looking to buy high-quality used cars through a process that is transparent, convenient, and reliable. 

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25 OCTOBER 2022

EFG Hermes Becomes the First Egyptian Financial Institution to Achieve ISO 31000:2018 Enterprise Risk Management Conformity by the British Standards Institution (BSI)

EFG Hermes Holding, an impact-driven universal bank in Egypt and the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its Investment Bank has become the first financial institution in Egypt to be granted ISO 31000:2018 Enterprise Risk Management (ERM) conformity by the British Standards Institution (BSI), the world’s first national standards body and the leading global standards maker.

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19 OCTOBER 2022

valU Acquires Stake in Social Payment Startup, Kiwe, to Further Compliment its Portfolio and Strengthen its Offering

valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced today its acquisition of a minority stake in local fintech start-up, Kiwe, the first youth social payment app that facilitates onboarding the unbanked segment in Egypt. Currently, EFG Hermes Finance, EFG EV Fintech, dFin Holding, and Marakez are among the firm’s existing shareholders.  

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03 OCTOBER 2022

EFG Hermes Corp-Solutions and Klickit Enter into Strategic Partnership to Offer Education Providers a Holistic Set of Financial Solutions Across Egypt

EFG Hermes Corp-Solutions, a wholly-owned subsidiary of EFG Hermes Holding and one of Egypt’s leading leasing and factoring companies, and Klickit, a payment management and digital collection platform for education fees, entered into an agreement to provide education service providers with a holistic set of financial solutions to drive the sector’s growth and development. 

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29 SEPTEMBER 2022

EFG Hermes Serves as Joint Bookrunner on Dubai-Based Salik Company PJSC (Salik’s) Initial Public Offering (IPO)

The highly anticipated IPO of one of Dubai’s most attractive infrastructure plays is set to raise over AED 3.7 billion (USD 1.0 billion), marking yet another flagship issuance on the ever-growing Dubai Financial Market (DFM) and a highly successful monetization event by the Government of Dubai

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29 SEPTEMBER 2022

EFG Hermes Successfully Concludes Advisory to the Second Issuance for EFG Hermes Corp-Solutions in an EGP 2.0 billion Securitization Bond Offering

EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), and EFG Hermes Holding’s wholly-owned subsidiary, EFG Hermes Corp-Solutions, announced today the successful conclusion of the latter’s second issuance of a securitization bond worth EGP 2.0 billion. The bond is backed by a receivables portfolio of c. EGP 2.9 billion, representing 24 lease contracts. 

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28 SEPTEMBER 2022

valU Partners with Heliopolis Sporting Club to Offer Payment Solutions for New Club Members

valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced today that it has successfully signed a partnership with Heliopolis Sporting Club to offer convenient and affordable financing and payment solutions on new memberships for Heliopolis Sporting Club El Shorouk City branch as well as club services. 

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26 SEPTEMBER 2022

EFG Hermes Holding and GB Capital Launch Kaf; A Fresh Take on an Established Industry Results in Customer Growth from 0.1 Million to 2 Million Since Acquisition

Following the acquisition of a 75% stake by EFG Hermes Holding and GB Capital in Tokio Marine Egypt Family Takaful in 2020, the company has been rebranded to Kaf. Under the guidance of new management brought in following the acquisition, the company aims to set itself apart by making insurance effortless for their customers and by providing them with straight-forward, fair, and value-for-money insurance solutions. 

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