EFG Hermes, the leading investment bank franchise in Frontier and Emerging markets (FEM), announced today that its investment banking division has successfully completed advisory for Orascom Development Egypt’s (ODE) subsidiary Orascom for Real Estate S.A.E (ORE) for a syndicated ten-year loan agreement of EGP 6.0 billion, to finance its leading project in Cairo- O West. EFG Hermes acted as the sole financial advisor, lead manager, and bookrunner for ORE.
H.E. Dr. Moustafa Madbouly, Egypt’s prime minister, H.E. Dr. Hala El Said, Minister of Planning and Economic Development & Chairperson of The Sovereign Fund of Egypt (TSFE), H.E. Dr. Reda Hegazy, Minister of Education & Technical Education inaugurated today four schools within the first phase of cosmic village land development project. This project is implemented through a partnership between TSFE and private sector pioneers in the field of education, to provide world-class education, affordable to middle-income Egyptian families.
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that it successfully closed the second issuance of a future flow securitized bond for CIRA Education, the largest integrated provider of educational services in the Egyptian private sector. The transaction, worth EGP 700 million, is the second issuance of an approved EGP 2.0 billion bond program and is backed by future revenues generated by the company.
aiBANK, a renowned provider of comprehensive retail, corporate, and banking solutions in Egypt, announced that it was awarded the title of “Fastest Growing Bank in the Arab Region” by the esteemed World Union of Arab Bankers. The award was received by Tamer Seif El-Din, CEO and Managing Director of aiBANK, as part of the award ceremony organized by the World Union of Arab Bankers titled ‘the Arab Banks Awards & Commendations of Excellence 2023’, which was held for the ninth consecutive year. The selection process, conducted by a distinguished panel of specialized analysts based on a rigorous evaluation, saw aiBANK emerge as the clear frontrunner, surpassing its peers and demonstrating its unwavering commitment to excellence.
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division successfully completed advisory on the USD 748 million initial public offering (IPO) of OQ Gas Networks (OQGN), the exclusive operator of the gas transportation network in Oman, on the Muscat Stock Exchange (MSX). EFG Hermes acted as Joint Global Coordinator on the transaction.
Valu, MENA’s leading universal financial technology powerhouse, announces its partnership with The Egyptian Banking Institute (EBI), the official training arm of the Central Bank of Egypt (CBE). This collaboration aims to offer convenient financing and affordable installment plans for individuals seeking to pursue EBI's training programs.
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division’s DCM team has successfully concluded advisory on the second issuance for mortgage finance company Qasatli worth EGP 159.2 million. The issuance comes as part of the wider EGP 6.5 billion securitization program that was approved in December 2020 for nine different originators: Amer Group’s four subsidiaries, four subsidiaries of Porto Group, and Qasatli.
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division successfully completed advisory on the landmark SAR 4.572 billion (USD 1.219 billion) initial public offering (IPO) of ADES Holding Company (ADES), a leading oil and gas drilling and production services provider in MENA, on the Saudi Exchange. EFG Hermes acted as Joint Financial Advisor, Global Coordinator, Bookrunner, and Underwriter on the transaction.
The EFG Foundation for Social Development, a non-profit, non-governmental organization, EFG Holding’s Foundation for Social Development, is excited to announce that it has won first place in Luxor at the Smart Green Project Competition by The National Initiative for Smart Green Projects, in the non-profit projects category, for its 'Green Footprint Initiative'.
Valu, MENA’s leading universal financial technology powerhouse, has announced its decision to launch in Jordan in Early 2024 as part of its strategic expansion plan. The company has undertaken a comprehensive assessment and is actively considering entering new markets, that in addition to Jordan, include others currently under study in North Africa. This strategic assessment demonstrates Valu's dedication to ensuring a strong market presence and comes in line with Valu’s business strategy, which places a strong emphasis on targeting markets with favorable market dynamics that allow for the implementation of its full product and services universe flexibly and that ensure profitability within 12-24 months of launching.
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