EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), successfully concluded advisory on the follow-on sale of c. 73.9 million (c. 4.3%) shares of Fawry for Banking Technology and Electronic Payments SAE (FWRY.CA) on the Egyptian Stock Exchange (EGX), in a c. USD 80.0 million transaction. The Firm acted as sole financial advisor as well as joint bookrunner, on behalf of the selling shareholders; the Egyptian American Enterprise Fund; Link HoldCo BV (Helios); responsAbility; and Black Sparrow (MENA LTV).
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), reported today its second quarter results for 2021. EFG Hermes’ revenues grew by 20% Y-o-Y to EGP 1.6 billion in 2Q21, driven by an outstanding performance from the Investment Bank and the NBFIs platform, delivering a solid 66% Y-o-Y increase in revenues from fees and commissions to EGP 1.1 billion in 2Q21.
The partnership further diversifies valU’s service offering, affording Club S potential members with the opportunity to meet their lifestyle needs.
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), and SODIC for Securitization S.A.E., SODIC’s wholly owned subsidiary, announced today the successful conclusion of the latter’s first securitization issuance. EFG Hermes acted as sole arranger on the EGP 343 million issuance which is the first in an EGP 1 billion securitization program for SODIC.
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced today that it successfully closed the fifth, EGP 211 million issuance of Premium International for Credit Services (Premium)’s EGP 2 billion securitization program.
The deal represents a landmark equity capital market transaction for Abu Dhabi, as it is the first IPO since 2017
The second cross-border M&A transaction this year alone, the acquisition is part and parcel of EFG Hermes’ strategy to deepen its foothold in MENA markets and drive growth across the region.
valU, the leading Buy-Now Pay-Later platform (BNPL) for fintech consumer finance services, Paymob the leading payment facilitator in Egypt, and the American University in Cairo (AUC) School of Business announced today the launch of a new partnership that will see the former offer convenient financing and affordable installment plans for individuals seeking to pursue the school’s executive education programs.
Backed by its stellar track record in the field of renewable energy, Vortex Energy is launching this new fund to tap into the burgeoning global interest in Energy Transition
The collaboration looks to increase healthcare affordability and enable convenient access to quality healthcare through valU’s installment programs.
We use cookies to collect information about how you use our website. And we use the information derived from such cookies to ensure the functionality of our website and to enhance our services.
