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03 JUNE 2022

EFG Hermes Concludes Role as Joint Bookrunner on USD 2 billion IPO of Petrochemicals Company Borouge plc on the Abu Dhabi Securities Exchange – the Largest Ever in the Emirate to Date

EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its Investment Banking division successfully concluded its role as joint bookrunner on Borouge plc’s USD 2 billion (AED 7.35 billion) initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). 

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03 JUNE 2022

EFG Hermes Concludes Role as Joint Bookrunner on USD 2 billion IPO of Petrochemicals Company Borouge plc on the Abu Dhabi Securities Exchange – the Largest Ever in the Emirate to Date

EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its Investment Banking division successfully concluded its role as joint bookrunner on Borouge plc’s USD 2 billion (AED 7.35 billion) initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX)

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29 MAY 2022

EFG Hermes and Boursa Kuwait Conclude “Stars Aligned for the Newest Emerging Market”, a Joint Virtual Investor Conference that Highlighted Kuwait’s Strong Investment Prospects

EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), in partnership with Boursa Kuwait, the oldest exchange in the GCC, concluded the “Stars Aligned for the Newest Emerging Market” Virtual Investor Conference as the exchange’s 8th Corporate Day from the 23rd to the 26th of May. 

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25 MAY 2022

EFG Hermes Holding kicks off the year with a strong set of results for the first quarter of 2022 across its operations, posting a remarkable 55% Y-o-Y increase in revenues

EFG Hermes Holding, a universal bank in Egypt and the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today an outstanding set of results to kick off the year, with revenues for the first quarter of 2022 leaping 55% Y-o-Y to EGP 1.9 billion. Group net profits after tax and minority interest grew 18% Y-o-Y to EGP 345 million driven by solid performance across the Group’s lines of business. 

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23 MAY 2022

valU Enters into a Protocol Agreement with the Arab Organization for Industrialization-Electronics Factory and Zero Tech for Security Systems to Provide Customers with Installment Solutions

valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle enabling fintech platform, Arab Organization for Industrialization (AOI), one of Egypt’s largest manufacturers of consumer products and electronics, and Zero Tech, its subsidiary specializing in high-tech safety and security systems, announced the signing of a protocol today that will allow consumers to utilize valU’s financing solutions when purchasing any consumer products from either manufacturers. 

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18 MAY 2022

Majid Al Futtaim Partners with valU to Introduce its Unique Redemption Product ‘Sha2labaz’ Across Mall of Egypt and City Centre Almaza

The one-of-a-kind financing product will allow both non-valU and valU clients to access valU’s convenient installment schemes at Mall of Egypt and City Centre Almaza after completing purchases with any type of payment method 

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12 MAY 2022

PayTabs launches social commerce platform ‘Paymes’ to empower Egyptian freelancers and micro merchants

PayTabs, MENA’s award-winning payments powerhouse, announced today the launch of Paymes -the leading social commerce platform in Eurasia. Paymes will serve as PayTabs’ social commerce platform in the MENA region. The strategic partnership will pave the way for millions of freelancers, artisans, consultants, home-based business owners, personal trainers, food truck vendors, members of the gig economy and more to receive payments over social media platforms for the  services they render in a matter of seconds.

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09 MAY 2022

EFG Hermes Recognized by the Financial Times and Statista as one of Africa’s Fastest Growing Companies in 2022

EFG Hermes Holding, the leading universal bank in Egypt and the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that it has been featured on the Financial Times and Statista ranking of Africa’s fastest-growing companies in 2022.

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12 APRIL 2022

EFG Hermes completes advisory on USD 6.1 bn IPO of state-owned DEWA on the DFM — the largest regional IPO since 2019

EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its investment banking division has successfully completed advisory on Dubai Electricity and Water Authority’s (DEWA) USD 6.1 bn initial public offering (IPO) on the Dubai Financial Market (DFM) – the largest ever listing in the Middle East since 2019 and a first-of-its-kind transaction of a public company in Dubai. 

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10 APRIL 2022

Saud Altassan appointed CEO of EFG Hermes, Saudi

EFG Hermes Holding’s investment bank arm, the leading investment bank franchise in Frontier Emerging Markets (FEM), announces the appointment of Saud Altassan as Chief Executive Officer of EFG Hermes, Saudi. Altassan joins from Bank of America where he was Head of Investment Banking, KSA. 

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