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.
EFG Holding, a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA), announced today its results for the full year ended 2023. The Group booked its highest-ever recorded revenues of EGP 14.7 billion, representing a 34% Year-on-Year growth, fueled by the stellar performance of its Investment Bank’s (EFG Hermes) sell-side and buy-side, Valu, and its commercial bank arm, aiBANK.
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 merger and acquisition (M&A) deal for Cenomi Retail, the largest franchise retailer in the Kingdom of Saudi Arabia. The retail giant has agreed to sell a select portfolio of brands to Abdullah Al-Othaim Fashion Company, a fully owned subsidiary of Abdullah Al-Othaim Investment Company.
The EFG Foundation for Social Development (EFG Foundation), a non-profit, non-governmental organization that supports sustainable, high-impact development initiatives to assist local underprivileged communities, announced today the signing of a tripartite agreement with Luxor Governorate and University's Faculty of Fine Arts. This collaborative effort aims to spearhead development projects in Al-Deir village, a community affiliated with the Esna Center in Luxor Governorate.
EFG Finance, the non-bank financial institutions (NBFI) arm of EFG Holding, announced today that it has obtained the required license from the Financial Regulatory Authority (FRA) to introduce its newest subsidiary that will provide financial services tailored for small and medium enterprises. The company is poised to complement EFG Finance's core offering by catering to the financing needs of small and medium-sized enterprises (SMEs) in Egypt. The new venture is anticipated to be launched in the second quarter of this year.
Tanmeyah, is a subsidiary of EFG Holding and a leading provider of financial services in Egypt with a concerted focus on the micro and small enterprise segments, announced today a collaborative agreement with the Egypt’s Micro, Small, and Medium Enterprise Development Agency (MSMEDA) for the formalization of a strategic contractual agreement valued at EGP 200 million. This collaboration is dedicated to financing micro-enterprises and demonstrates Tanmeyah’s solid commitment to enhancing financial inclusion and delivering essential financial services across Egypt in alignment with governmental initiatives.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), in collaboration with the Dubai Financial Market (DFM), inaugurated the 18th Annual EFG Hermes One-on-One Conference on March 4th, 2024. The signature event, which today stands as the world's largest investment forum dedicated to MENA, will run until March 7th, 2024, at the JW Marriott Hotel Marina.
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