Tanmeyah, a subsidiary of EFG Holding and a leading provider of financial services in Egypt with a concerted focus on micro-enterprise segments, announces today its successful attainment of the Payment Card Industry Data Security Standard (PCI DSS) certification from Network Intelligence Company. This prestigious certification recognizes Tanmeyah’s steadfast commitment to ensuring the security and protection of cardholder data in alignment with global data security standards.
EFG Foundation for Social Development (EFG Foundation), a non-profit, non-governmental organization dedicated to sustainable, high-impact development initiatives, is proud to announce the opening of the “Future Pioneers School”, located in Nagaa El-Berkah, Luxor. The project was implemented in collaboration with the Luxor Governorate and the Ministry of Education and under the supervision of the General Authority for Educational Buildings.
EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA) announced today that its investment banking division has successfully completed an accelerated book build (ABB) on behalf of Helmerich & Payne, Inc. (H&P). This transaction involved the full divestment of H&P’s stake in ADNOC Drilling, valued at approximately USD 197 million.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking division successfully concluded advisory on the second issuance valued at EGP 450 million, with a tenor of five years, for EFG Corp-Solutions, a subsidiary of EFG Finance, EFG Holding’s Non-Bank Financial Institutions (NBFI) platform, and one of Egypt’s leading leasing and factoring companies. The issuance comes as part of the wider EGP 3 billion securitization program for the leasing and factoring player.
EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking division successfully concluded advisory on the fourth EGP 1.4 billion securitized bond issuance for Bedaya Mortgage Finance, one of EFG Finance’s non-bank financial institutions (NBFI). and Egypt’s first non-bank online mortgage provider. The issuance comes as the second in a wider EGP 3.0 billion program. The bond is backed by a receivables portfolio assigned to Capital for Securitization, a GB Capital company, as the issuance’s special purpose vehicle (SPV).
PayTabs Egypt, MENA’s award-winning payments powerhouse, announced today a strategic partnership with Ollin, the all-in-one platform for lifestyle financing from Global Corp, one of Egypt’s leading non-banking financial institutions. This collaboration aims to deliver cutting-edge payment solutions and technology for Global Corp, revolutionizing its consumer finance management.
Valu, MENA’s leading universal financial technology powerhouse, announced today a partnership with Flash, an Egyptian cashless payments Fintech company, which provides QR code – based payments solutions as an aggregator, to enhance the digital payment experience for customers and merchants in Egypt. This collaboration aims to streamline transactions and improve convenience by enabling Valu to be one of the payment solutions across Flash’s merchant network. Users can now pay for shipments with Valu both on delivery and in the app, as well as order from F&B vendors or any other industry using Valu as a payment method in store and on delivery.
This strategic move aims to usher in a new era of growth, digital innovation, and customer-centric solutions tailored to meet the evolving needs of individuals, SMEs, and corporate clients.
Valu, MENA’s leading universal financial technology powerhouse, today announced a partnership with ShipBlu and PayTabs Egypt to transform payment methods for e-commerce deliveries in Egypt. This collaboration allows Valu customers to use their Valu limit to pay for online orders delivered by ShipBlu directly through ShipBlu's myBlu app, even if the seller is not within the Valu merchant network. PayTabs Egypt is providing secure payment processing technology to facilitate this seamless payment integration via Payment-on-Delivery (PoD).
EFG Foundation for Social Development (EFG Foundation), a non-profit, non-governmental organization dedicated to sustainable, high-impact development initiatives, is proud to announce that its project “Nawara,” under the flagship initiative The Green Footprint, has been recognized at the Luxor Governorate level in the third edition of the National Competition for Smart Green Projects.
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