EFG Hermes’ investment banking division, the leading investment banking franchise in Frontier Emerging Markets (FEM), announced today the close of the first bond issuance, worth EGP 627.5 million, for Pioneers Properties for Urban Development’s affiliates EGP 3.0 billion securitization program.
EFG Hermes’ investment banking division, the leading investment banking 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 issuance of a securitization bond worth EGP 790 million.
EFG Hermes, Egypt’s First Universal Bank and the leading investment banking franchise in Frontier Emerging Markets (FEM), announced today that it has successfully signed a sale and leaseback agreement amounting to EGP 750 million with real estate development firm Madinet Nasr for Housing and Development (MNHD).
EFG Hermes’ investment banking division, the leading investment banking franchise in Frontier Emerging Markets (FEM), announced today that it has successfully advised TPG’s Evercare Group on the sale of its 50% Stake in Islamabad Diagnostic Centre (IDC) to Integrated Diagnostics Holding (IDH) for a total consideration of USD 72.35 million.
EFG Hermes’ investment banking division, the leading investment banking franchise in Frontier Emerging Markets (FEM), announced today that it successfully concluded advisory on UAE-based Agthia Group’s strategic acquisition of a 100% stake in UAE health snacks company BMB Group.
EFG Hermes’ investment banking division, the leading investment banking franchise in Frontier Emerging Markets (FEM), announced today that it has successfully concluded the issuance of a senior unsecured short-term note for the Hermes Securities Brokerage Company (HSB) worth EGP 550 million. This marks the first issuance for the company in 2021 and the third in a two-year program worth EGP 2 billion.
The transaction falls under Egypt’s efforts to privatize state-owned companies, underscoring the Firm’s commitment to spur private investment in key sectors under the country’s economic development program
EFG Hermes’ investment banking division, the leading investment banking franchise in Frontier Emerging Markets (FEM), announced today that it successfully concluded advisory to Sixth of October for Development and Investment Company (SODIC) in the sale of 85.5% of its EGX-listed shares through a mandatory tender offer (MTO) to a consortium comprising UAE real estate development company Aldar Properties and Abu Dhabi Developmental Holding Company (ADQ). c.305 mn shares were tendered to the consortium at EGP 20 per share. Transaction closing is subject to execution and settlement procedures on the Egyptian Stock Exchange.
EFG Hermes and Saudi Fransi Capital (“SFC”) have successfully acted as joint bookrunners and brokers to Growth Opportunities Company for Trading, completing the sale of its entire stake in Theeb Rent a Car, through an accelerated equity offering (the “Transaction”). The total number of shares offered and sold were 9,030,000 shares, representing 21% of Theeb Rent a Car’s outstanding shares. The stake was offered to a group of institutional investors, and was ultimately executed through 19 block trades at a price per share of SAR 53, corresponding to a Transaction value of SAR 478,590,000. Post the completion of the sale, Theeb’s freefloat shares as percentage of outstanding shares has increased to 63.45%, with the remaining 36.55% being held by other substantial shareholders.
EFG Hermes, the first universal bank in Egypt and the leading investment bank in Frontier Emerging Markets (FEM), announced today at RiseUp Summit 2021 the launch of an advanced version of its flagship “EFG Hermes One” trading platform. The new application will feature a wider range of brokerage services, a fully digitized on-boarding process, a digital payment gateway and more — all through the new and improved user interface.
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