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 closed the issuance of a senior unsecured short-term note for the Hermes Securities Brokerage Company (HSB), a wholly owned subsidiary of EFG Holding, in an EGP 600 million transaction. This marks the fifth issuance for the company and the second in an approved two-year program worth EGP 2 billion.
Valu, MENA’s leading universal financial technology powerhouse, announced today its partnership with ESLSCA University, a leading international university in Cairo. The partnership will offer students flexible payment solutions and installment plans for tuition, providing students and parents with an array of payment options.
Valu, MENA’s leading universal financial technology powerhouse, announced today its partnership with noon Payments, noon.com’s online payments gateway, to offer Valu’s convenient and accessible financial solutions to customers.
aiBANK, a leading provider of comprehensive retail, corporate, and Islamic banking solutions in Egypt and the commercial bank arm of EFG Holding announced today its results for the full year ended 2023. The Bank’s net profits came in at EGP 1.15 billion, representing 119% Y-o-Y growth, on the back of strategic growth initiatives featuring enhanced product offerings, services, and new partnerships to better cater to clients' evolving needs, on the other hand, net interest income increased by 42% to reach 2.5 billion EGP by the end of the fiscal year of 2023, compared to about 1.8 billion EGP at the end of the same period last year.
Valu, MENA’s leading universal financial technology powerhouse, announced today its strategic partnership with Proctor & Gamble (P&G) to offer innovative financing solutions for Braun's grooming products' consumers in Egypt. The collaboration is set to improve accessibility to Braun's grooming products by providing affordability solutions for consumers. Through this partnership, Valu aims to empower consumers to make easier and faster purchase decisions, particularly for high-cash outlay products like Braun.
Valu, MENA’s leading universal financial technology powerhouse, announced today that it has closed its eighth securitized bond issuance worth EGP 888 million. The issuance is part of the approved extended program worth EGP 9.0 billion.
EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA), announced today that it concluded advisory on a EFG Hermes Successfully Concludes Advisory on the Demerger of Al Arafa for Investment and Consultancies S.A.E into Concrete Fashion Group for Commercial and Industrial Investments (Concrete) and Gtex for Commercial and Industrial Investments (Gtex).
Valu, MENA’s leading universal financial technology powerhouse, is proud to announce that it has achieved its compliance certification with the Payment Card Industry Data Security Standard (PCI DSS) v4.0 for the second consecutive year. Valu was the first company in Egypt to achieve PCI DSS v4.0 compliance certification last year. This rigorous assessment validates Valu’s unwavering commitment to safeguarding customer data and maintaining a secure environment across our platform.
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 428.7 million initial public offering (IPO) of Parkin, the largest provider of paid parking facilities and services in Dubai, on the Dubai Financial Market (DFM). EFG Hermes acted as a Joint Bookrunner on the transaction.
Valu, the leading universal financial technology powerhouse in MENA, is proud to announce its partnership with Visa, the world leader in digital payments, in launching the new prepaid Valu card. This groundbreaking move redefines payment convenience across Egypt.
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