EFG Hermes Holding, a universal bank in Egypt and the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today an outstanding set of results to kick off the year, with revenues for the first quarter of 2022 leaping 55% Y-o-Y to EGP 1.9 billion. Group net profits after tax and minority interest grew 18% Y-o-Y to EGP 345 million driven by solid performance across the Group’s lines of business.
valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle enabling fintech platform, Arab Organization for Industrialization (AOI), one of Egypt’s largest manufacturers of consumer products and electronics, and Zero Tech, its subsidiary specializing in high-tech safety and security systems, announced the signing of a protocol today that will allow consumers to utilize valU’s financing solutions when purchasing any consumer products from either manufacturers.
The one-of-a-kind financing product will allow both non-valU and valU clients to access valU’s convenient installment schemes at Mall of Egypt and City Centre Almaza after completing purchases with any type of payment method
PayTabs, MENA’s award-winning payments powerhouse, announced today the launch of Paymes -the leading social commerce platform in Eurasia. Paymes will serve as PayTabs’ social commerce platform in the MENA region. The strategic partnership will pave the way for millions of freelancers, artisans, consultants, home-based business owners, personal trainers, food truck vendors, members of the gig economy and more to receive payments over social media platforms for the services they render in a matter of seconds.
EFG Hermes Holding, the leading universal bank in Egypt and the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that it has been featured on the Financial Times and Statista ranking of Africa’s fastest-growing companies in 2022.
EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its investment banking division has successfully completed advisory on Dubai Electricity and Water Authority’s (DEWA) USD 6.1 bn initial public offering (IPO) on the Dubai Financial Market (DFM) – the largest ever listing in the Middle East since 2019 and a first-of-its-kind transaction of a public company in Dubai.
EFG Hermes Holding’s investment bank arm, the leading investment bank franchise in Frontier Emerging Markets (FEM), announces the appointment of Saud Altassan as Chief Executive Officer of EFG Hermes, Saudi. Altassan joins from Bank of America where he was Head of Investment Banking, KSA.
valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle enabling fintech platform, and OPPO, the world's leading smart device manufacturers and innovators, announced today a collaboration that will allow OPPO’s customers to utilize valU’s financing solutions when purchasing products across OPPO’s retail network.
Vortex Energy, a leading renewables-focused investment vehicle in Europe, managed by the private equity arm of EFG Hermes, has appointed ‘Ana Peris Caminero’ as its Chief Operating Officer (COO) and member of the Investment Committee
EFG Hermes Holding, a universal bank in Egypt and the leading investment bank franchise in Frontier Emerging Markets (FEM), reported a strong set of FY21 results today, with the Group’s top line surpassing the EGP 6 billion mark for the first time to hit EGP 6.1 billion
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