Tanmeyah, a subsidiary of EFG Holding and leading provider of financial solutions in Egypt with a concerted focus on micro enterprise segments, announced today its new development initiatives for Palestine Square and Ahmed Abd El-Azeem Street, situated next to the company’s headquarters in Al Maadi. This project highlights Tanmeyah’s unwavering commitment to community enhancement and environmental sustainability, falling in line with its Environmental, Social, and Governance (ESG) objectives and broader framework.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that it has successfully advised United Electronics Co (eXtra) on the SAR 990 million (USD 264 million) initial public offering (IPO) of its subsidiary United International Holding Company (UIHC) on the Saudi Exchange. UIHC offered 7.5 million ordinary shares, representing 30% of its total issued share capital.
Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, is excited to announce a strategic partnership with Mindgate Solutions, a global leader in payment technology and transaction processing, to co-develop a digital platform tailored to the needs of corporate clients to provide them with seamless internet and mobile banking solutions. This collaboration marks a significant milestone in the bank's ongoing commitment to delivering top-tier financial solutions backed by cutting-edge technology.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that it had advised on Maarif Education’s 100% acquisition of Ibn Khaldoun Education Company (IKEC). This transaction, currently in the post-signing stage, positions Maarif Education to become the largest K-12 education provider in Saudi Arabia by both revenue and geographical presence and marks one of the largest investments in Saudi Arabia's education sector.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region, announced today that its investment banking division had completed advisory for an EGP 370 million working capital facility for Sylndr, Egypt’s leading online used cars player. The innovative structure of this transaction stands as Egypt’s first asset-backed working capital solution tailored specifically to the unique dynamics of Sylndr’s business model. This milestone highlights the commitment of Egypt’s banking sector to empowering startups and SMEs with creative, scalable financial solutions.
PayTabs Egypt, MENA’s award-winning payments powerhouse, announced today a strategic partnership with Azimut, Egypt's leading multinational investment manager. This collaboration will enable Azimut customers to top-up their trading accounts and investment funds on the Azimut platform (azinvest) using debit and prepaid cards. It marks a significant shift in digital payments for stock trading in Egypt. The partnership has received approval from the Central Bank of Egypt (CBE) for debit and prepaid card acceptance in stock trading.
Valu, MENA’s leading universal financial technology company, is thrilled to announce its continued sponsorship of rising star Weightlifting champion Mahmoud Hosny. For the past two years, Hosny has been part of our athlete support program. This partnership underscores Valu’s commitment to inspiring and empowering athletes as they strive for excellence in their respective sports. As Mahmoud competes in official championships in Egypt and worldwide, Valu offers him the support he needs to succeed.
EFG Holding, a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA), announced today its results for the third quarter of 2024. Group revenues continued to surge for the third consecutive quarter, reaching EGP 5.0 billion, a 68% increase Y-o-Y driven by significant growth across its verticals, the Investment Bank (EFG Hermes), the NBFIs (EFG Finance), and the Commercial Bank (Bank NXT)
EFG Hermes, an EFG Holding company, and the leading Investment Bank in MENA, announced today that its private equity arm has launched a USD 300mn Saudi Education Fund (“SEF”) with the target of building an institutional world-class K-12 operator in the Kingdom of Saudi Arabia. SEF aims to capitalize on the clear market opportunity that is evidenced by the growing student population in private schools, which is expected to more than double in line with Saudi’s 2030 vision targets and the critical need for strong operators to cater to such growing demand.
EFG Hermes, an EFG Holding company and the leading Investment Bank in the Middle East and North Africa (MENA), announced today that it has finalized the 12th securitized bond issuance worth EGP 667.3 million for Valu, MENA’s leading universal financial technology powerhouse. The issuance is the second under the newly approved securitization program, which is worth a total of EGP 16.0 billion.
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