EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced today that its investment banking team has successfully completed advisory on Dr. Sulaiman Al Habib Group’s SAR 2.63 billion (USD 700 million) IPO on Tadawul, with EFG Hermes acting as joint bookrunner on the deal.
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), reported today its financial and operational results for the year ended 31 December 2019. The Group closed the year with a net profit after tax and minority interest of EGP 1.4 billion in FY19, up 36% Y-o-Y, on the back of a 20% Y-o-Y expansion in revenues to EGP 4.8 billion.
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), has announced the successful completion of its advisory services to Pakistan’s United Bank Limited (UBL) on the sale of the assets and liabilities of its Tanzanian subsidiary, UBL Tanzania (UBLT) to Exim Bank Tanzania Limited.
GEMS Egypt for Education Services, a JV between GEMS Education and Egypt Education Fund managed by EFG Hermes Private Equity, announced today that it has successfully completed the acquisition of a majority stake in Egypt’s leading transportation provider, Option Travel
EFG Hermes (through its NBFI arm EFG Hermes Finance Holding) and GB Auto (through its NBFI arm GB Capital) announced today their entry into a definitive sale and purchase agreement (SPA) to acquire a 75% stake in life insurance player Tokio Marine Egypt Family Takaful in a deal worth EGP 84.75 million. Under the agreement, which is subject to regulatory approval, EFG Hermes Finance and GB Capital will each own 37.5% of the company.
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced today that its Investment Banking Division has successfully completed the Egyptian market’s first short-term bond transaction.
Robust growth at both the investment bank and non-bank financial institution, led by the Firm’s strategy to diversify its product base, helped drive net operating profit to EGP 1.5 billion and net operating margin to 42% in 2017.
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced today that its investment banking team has successfully completed advisory on Saudi Aramco’s USD 29.4 billion IPO on Tadawul, the largest IPO on record. EFG Hermes acted as joint bookrunner on the transaction.
Rx Healthcare Management (RxHM), announced today that it has officially acquired leading Egyptian medical solutions provider United Pharma through Nutritius Investment Holdings, a special purpose vehicle set up for the acquisition.
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), reported solid results today for third quarter of 2019.
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