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Business
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Tech
8/22/2022 4:53:09 PM
valU, EFG Hermes’ Buy-Now, Pay-Later (BNPL) fintech platform, has acquired 100 percent of the stakes of Paynas, a full-fledged employee management and benefits company that provides financial services to micro, small, and medium enterprises (MSMEs), the company announced on Monday.
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Business
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Markets & Companies
6/20/2022 2:09:18 PM
Cairo-based valU, one of the investment firms of EFG-Hermes and a MENA buy-now, pay-later (BNPL) fintech platform, announced on Monday that Saudi Arabia-based Alhokair Family have acquired a 4.99 percent stake in valU for 247.4 million.
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Business
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Markets & Companies
4/14/2022 11:30:35 AM
First Abu Dhabi Bank (FAB) has decided to withdraw its offer for purchasing Egypt-based banking investment group EFG Hermes Holding SAE, Abu Dhabi Securities Exchange (ADX) announced on Thursday.
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Business
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Economy
2/21/2022 3:11:09 PM
Egypt-based investment and financial holding company EFG Hermes has appointed Goldman Sachs as an adviser for the likely acquisition deal offered by the UAE’s First Abu Dhabi Bank (FAB), the company announced on Monday in a filing sent to the Egyptian Exchange (EGX).
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Al-Ahram Weekly
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Economy
2/17/2022 10:33:00 AM
A leading Emirati lender wants to buy EFG-Hermes, Egypt’s largest investment bank.
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Business
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Markets & Companies
2/13/2022 3:26:32 PM
In a disclosure sent to the Egyptian Exchange (EGX) on Sunday, the investment bank and financial holding company EFG Hermes announced that it will assign financial and legal advisors for the likely acquisition deal offered by the First Abu Dhabi Bank (FAB).
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Business
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Markets & Companies
2/9/2022 2:39:54 PM
The UAE’s First Abu Dhabi Bank (FAB) has submitted a request to the Financial Regulatory Authority (FRA) for a compulsory purchase of Egypt-based investment bank and finance institution EFG Hermes, the three parties announced on Wednesday.
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Business
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Markets & Companies
1/12/2022 9:54:18 AM
Egypt’s state-owned real-estate company Madinet Nasr for Housing and Development (MNHD) has concluded its first issuance of securitisation bonds worth EGP 300 million led by EFG Hermes, the company announced on Tuesday in a letter submitted to the Egyptian Exchange (EGX).
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Business
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Economy
5/20/2021 3:42:23 PM
The acquisition includes a capital increase that will raise the paid-in capital of the AIB to EGP 5 billion
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Egypt
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Politics
5/19/2021 10:11:18 PM
TSFE has said the partnership with EFG Hermes comes under the fund’s plan that aims at cooperating with the private sector to invest in promising sectors
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Business
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Economy
3/30/2021 9:46:00 PM
TSFE and GEMS Egypt also inked a MoU to develop and operate two premium national schools in west Cairo, which will be built over 30,000 sq metres with a capacity of 2,500 students each
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Business
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Economy
8/19/2020 2:45:01 PM
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Business
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Economy
6/25/2020 12:28:42 PM
Head of research at EFG Hermes Ahmed Shams El-Din told Ahram Online that the CBE is anticipated to maintain the current rates as the headline inflation rate is in the range the CBE has set at nine percent
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Business
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Economy
6/24/2020 5:17:23 PM
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Business
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Economy
6/10/2020 6:01:32 PM
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Business
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Economy
4/1/2020 5:50:33 PM
EFG-Hermes decided to direct the charity challenge to the National Bank of Kuwait ABK in order to continue the charity challenge.
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Business
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Economy
1/26/2020 1:54:25 PM
The bank said on Thursday it was in exclusive negotiations with First Abu Dhabi Bank to sell its Egyptian unit
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Business
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Markets & Companies
1/1/2020 7:09:39 PM
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Business
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Economy
9/29/2019 2:12:51 PM
The head of macroeconomic analysis at EFG Hermes foresees further cuts in interest rates ahead, on the back of stabilising oil prices, growth and decreasing inflation
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Business
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Economy
10/9/2018 1:58:38 PM
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