Leading investment bank in the Arab world reports net profits of EGP 120 million in 3Q2015 despite challenging market conditions in regional and emerging markets
A consortium of international financial investors including the MENA LTV Fund has reached an agreement to acquire a majority stake in Fawry, valuing the Company at EGP 773 million (c. USD 100 million)*; deal is the Fund’s third high-profile private investment.
Middle East and North African markets offer investors well-managed companies with compelling valuations, allowing investors to pursue investment opportunities in equities despite the slowdown in emerging markets.
Despite very challenging market conditions, EFG Hermes continues to deliver strong financial results, with net recurring profits up 38% Y-O-Y, excluding one-off gains recorded in 2Q 2014
Sadiq Hussain joins EFG Hermes Asset Management as Head of Business Development based out of Dubai; Hussain brings 25 years of experience with leading global companies such as J.P. Morgan, Bank of America Merrill Lynch and ING Barings
Shares of Emaar Misr begin trading today on the Egyptian Exchange under the stock symbol EMFD.CA, days after the company offered 600 million shares worth c. EGP 2.3 billion in both public and institutional tranches. The offering represents approximately 13% of the company’s post-IPO capital.
Based on a survey of global investors, the industry’s most prestigious ranking sees EFG Hermes Research as the top provider of MENA equity strategy, while EFG Hermes’ Consumer / Nondiscretionary vaults into runner-up slot
Launch of EFG Hermes Leasing comes as step in the firm’s drive to create value for clients, vendor partners and parent company alike through diversification of revenue streams and innovation in offering unrivalled financial solutions.
As Saudi Arabia opens its equity market to qualified foreign institutions, EFG Hermes KSA offers a new investment product targeted at local and regional investors
Stemming from a commitment to public responsibility and sustainable business practice, EFG Hermes details the integration of sustainability within its overall strategy
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