EFG Hermes, the leading investment bank in the Arab world, has entered into a binding agreement to acquire 76.7% of Tanmeyah Microenterprise Services S.A.E. (“Tanmeyah”), a fast-growing provider of comprehensive microfinance solutions to business owners across Egypt.
EFG Hermes wins three prestigious awards including “Egypt Asset Manager of the Year” for the fourth consecutive year as well as at the newly introduced “MENA Asset Manager” award
The firm edged out both global and regional peers for the top spot and was the only Egyptian firm to have placed in the top 10 on the league table in both 2014 and 2015
EFG Hermes’ Brokerage and Asset Management Divisions receive prestigious industry recognition from Global Investor isf and EMEA Finance for delivering superior results across the region despite challenging market conditions
EFG Hermes Foundation Collaborates with Assiut University Hospital to Provide Much-Needed Surgical Equipment That Enables the Arthroscopy Unit to Perform 1,400 Surgeries Each Year, Doubling their Capacity
Leading investment bank in the Arab world reports net profits of EGP 120 million in 3Q2015 despite challenging market conditions in regional and emerging markets
A consortium of international financial investors including the MENA LTV Fund has reached an agreement to acquire a majority stake in Fawry, valuing the Company at EGP 773 million (c. USD 100 million)*; deal is the Fund’s third high-profile private investment.
Middle East and North African markets offer investors well-managed companies with compelling valuations, allowing investors to pursue investment opportunities in equities despite the slowdown in emerging markets.
Despite very challenging market conditions, EFG Hermes continues to deliver strong financial results, with net recurring profits up 38% Y-O-Y, excluding one-off gains recorded in 2Q 2014
Sadiq Hussain joins EFG Hermes Asset Management as Head of Business Development based out of Dubai; Hussain brings 25 years of experience with leading global companies such as J.P. Morgan, Bank of America Merrill Lynch and ING Barings
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