Acquisition of one of the largest UK solar PV portfolios gives EFG Hermes’ Vortex 822MW of net installed renewable energy generation capacity and total investments of c. USD 1.4billion in the sector across Europe to date
EFG Hermes, the leading financial services corporation in the Middle East and North Africa (MENA) region, announced today the accelerated expansion of its frontier markets drive as it continues its transformation into a premier frontier finance house with footprint that spans some of the world’s most compelling emerging and frontier markets.
EFG Hermes, a leading financial services corporation in the Arab World, and Saxo Bank, the online multi-asset trading and investment specialist announced today the signing of a strategic partnership agreement, which will enable full integration of Saxo Bank’s SaxoTraderGO platform with EFG Hermes’ new online trading platform, EFG Hermes One. The new platform will grant clients one-click access to financial instruments in both multiple Middle East and North Africa (MENA) markets as well as global exchanges.
Improved revenue mix diversification with strong contribution from the non-bank financial institution platforms turning healthy growth levels in the third quarter of 2016
EFG Hermes Asset Management Division extends its lead as the largest asset manager in Egypt by number of funds managed, increases Egypt-focused AUMs to EGP 10.5 billion
EFG Hermes to Expand into the United States with Permanent New York Office
The sustainable development project is in cooperation with the Kuwaiti Initiative for the Support of the Egyptian People and includes the construction of a building in the local school, the renovation of the health unit, homes for 35 families and the provision of employment opportunities for the local community.
As it transforms into a financial services corporation with access to frontier markets, EFG Hermes gives global investors a glimpse into some of the most compelling emerging and frontier market companies against a backdrop of changing global realities
EFG Hermes, the Arab world’s leading financial services corporation, reported today group earnings from continuing operations of EGP 48 million for the second quarter of 2016. Operating revenue for the period stood at EGP 288 million, up 10% year-on-year on the back of higher fee and commission income, including rising contributions from the company’s leasing business and additional revenue from the recently acquired microfinance player Tanmeyah.
EFG Hermes, the leading investment bank in the Arab world, announced today that Walid Hassouna, a veteran of the Egyptian banking community, will join the senior management team as Chief Executive Officer of EFG Hermes Finance and Group Head of Debt Capital Markets starting today.
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