Tanmeyah for Microenterprise Services, a subsidiary of EFG Holding and Egypt’s leading provider of microfinance solutions, is delighted to announce its involvement in the inaugural edition of the "Business Ya Shabab" exhibition, held under the auspices of the Council of Ministers at the Cairo International Stadium at Pavilion B10. The primary objective of this participation is to empower 150 young artisans and entrepreneurs in small and micro-industries by offering a comprehensive selection of financing solutions tailored to their unique needs.
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 290 million initial public offering (IPO) of Lumi Rental Company, one of the leading car rental and leasing companies in the Kingdom of Saudi Arabia. EFG Hermes acted as joint bookrunner on the IPO.
Dr. Sharifa Sharif, the Executive Director of the National Institute for Governance and Sustainable Development, the training arm of the Ministry of Planning and Economic Development, has met with Mrs. Hanaa Helmy, Group Chief Corporate Sustainability and Impact Officer of EFG Holding and CEO of the EFG Foundation, to discuss future bilateral cooperation.
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today the successful conclusion of EFG Holding’s wholly-owned subsidiary, EFG Corp-Solutions' third issuance of a securitization bond worth EGP 1.0 billion. This milestone marks a significant expansion of EFG Corp-Solutions' securitization program, which has now increased its value from EGP 3.0 billion to EGP 6.0 billion. The bond is backed by a receivables portfolio assigned to EFG Securitization as the issuance’s special purpose vehicle (SPV).
Valu, MENA’s leading universal financial technology powerhouse, announced today that it has extended its long-term partnership with Le Marche, a leading furniture expo in Egypt, for three additional years and initiated a new partnership with Electrotech, a new electronics exhibition, to offer customers a unique shopping experience. The event will take place from the 19th to the 22nd of October 2023, at Egypt International Exhibitions Center in the Fifth Settlement, showcasing an array of high-quality home furniture, decor items, and home appliances and electrical and solar energy-powered items for indoor and outdoor use provided through Electrotech.
Valu, MENA’s leading universal financial technology powerhouse, announced today that it has closed its sixth securitized bond issuance. The EGP 922.3 million issuance is part of a short-term program that has been renewed and is backed by a receivables portfolio assigned to EFG Hermes’ Financial Group for Securitization, the issuance’s Special Purpose Vehicle (SPV). The securitization is comprised of a singular trance with a 12-month bond tenor valued at EGP 922.3 million and a Prime 1 (sf) rating.
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announces the commencement of its EFG Hermes Saudi Forum in London today. Under the theme of 'Looking for Sustainable Growth', the two-day event is being held in collaboration with the Saudi Exchange and will play host to over 50 leading Saudi companies across various sectors as well as 375 guests from around the world, including representatives from the Saudi Capital Market Authority (CMA), the Public Investment Fund (PIF), as well as over 200 institutional investors and fund managers from over 120 global investment firms.
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division successfully concluded advisory on the first issuance for Egyptian Mortgage Refinance Company (EMRC) in a securitized bond offering worth EGP 472 million. This comes as the first issuance in a newly approved EGP 3 billion securitization program.
aiBANK, a leading provider of integrated retail, corporate, and Islamic banking solutions in Egypt, announced the launch of the upfront-interest time deposit with a return of up to 15%, paid in advance with a minimum deposit requirement of 500,000 Egyptian pounds and its multiples without a maximum limit. This time deposit allows for periods of up to 6 months with the possibility of withdrawal at any time, subject to terms and conditions.
aiBANK, a leading provider of integrated retail, corporate, and Islamic banking solutions in Egypt, announced that it has entered into a long-term partnership agreement with Visa, a world leader in digital payments, to provide customers with a new integrated package of e-payment solutions. This strategic partnership aims to provide customers with a comprehensive range of innovative products and services tailored to modern digital payment preferences.
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