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 completed its advisory on the USD 764 million initial public offering (IPO) of Fakeeh Care Group (FCG) (The Group), one of Saudi Arabia’s premier integrated providers of high-quality healthcare, on the Saudi Exchange. EFG Hermes acted as a Joint Bookrunner and Underwriter on the transaction.
Banque Misr, the acquiring market leader and EFG Hermes ONE, EFG Hermes’ state-of-the-art online trading platform, announced today a strategic partnership with PayTabs Egypt, MEASA’s award-winning payments powerhouse. This landmark collaboration is poised to revolutionize the financial technology landscape with the introduction of a new debit card top-up feature on the EFG Hermes ONE online trading platform. The partnership has received the approval of the Central Bank of Egypt (CBE) for debit card acceptance in the realm of stock trading.
Valu, MENA’s leading universal financial technology powerhouse, announced today a strategic partnership with Hive Analytics, a leading digital marketing company with operations in MENA and the US, in a strategic move to empower Egypt's next generation of Artificial Intelligence (AI) talent. This partnership represents a new era for Egypt as creates an AI ecosystem and empowers the next generation of AI enthusiasts, entrepreneurs, and professionals.
Valu, MENA’s leading universal financial technology powerhouse, is proud to announce its partnership with the Magdi Yacoub Heart Foundation (MYF), a renowned charitable organization dedicated to cardiovascular healthcare, to present donors with a convenient, alternative payment method for donating to the foundation and helping finance the Magdi Yacoub Global Heart Centre, currently under construction in Cairo.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region, announced today that its investment banking division successfully concluded a landmark USD 935 million Accelerated Equity Offering (AEO) for ADNOC Drilling Company PJSC ("ADNOC Drilling"), the biggest of its kind in the UAE. Placement constitutes a sale of 880 million shares priced at AED 3.90, representing 5.5% of ADNOC Drilling’s total share capital. ADNOC will continue to retain a majority 78.5% shareholding in the Company. EFG Hermes acted as a Joint Global Coordinator and Joint Bookrunner for the Offering.
EFG Holding, a trailblazing financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA), announced today its robust results for the first quarter of 2024. The Group’s revenues surged 92% year-on-year to EGP 8.6 billion, driven by the exceptional operational performance across its different business lines coupled with the EGP's devaluation. Excluding holding and treasury activities (including FX gains, among others), revenues in both periods would show a 70% year-over-year increase, mainly due to higher revenues from Brokerage, Asset Management, Valu, Leasing, Tanmeyah, and aiBANK.
EFG Hermes, an EFG Holding company and the leading investment bank in the MENA region, is pleased to announce that it has acquired a minority stake in Kenzi Wealth. Furthermore, EFG Hermes is delighted to announce the signing of a memorandum of understanding with Kenzi Wealth, a renowned Danish digital wealth manager that uses advanced AI-powered asset management technologies and investment risk analytics to help investors construct and rebalance their portfolios.
Valu, MENA’s leading universal financial technology powerhouse, announced today that it has closed its ninth securitized bond issuance worth EGP 616.75 million. The issuance is part of the approved extended securitization program worth EGP 9.0 billion.
Valu, MENA’s leading universal financial technology powerhouse, announced its partnership with Forset Hayah Foundation, the first non-profit charity organization in Egypt and Africa specializing in treating rare medical conditions among children. The partnership is targeting raising money for the treatment of children with spinal muscular atrophy (SMA) during 2024.
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 completed its advisory on the USD 375 million initial public offering (IPO) of Spinneys, an operator of premium grocery retail supermarkets under the “Spinneys,” “Waitrose” and “Al Fair” brands in the UAE, Oman, and planning to open in the Kingdom of Saudi Arabia in 2024, on the Dubai Financial Market (DFM). EFG Hermes acted as a joint bookrunner on the transaction.
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