EFG Finance, an EFG Holding company and its non-bank financial institution's arm, has announced its strategic divestment from PayTabs Egypt as part of its ongoing initiative to streamline operations and achieve greater efficiencies across its portfolio. EFG Finance will sell its 51% stake in PayTabs Egypt to PayTabs Global for an undisclosed amount, which is not expected to have a material impact on the Group’s financial position.
EFG Holding, a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA), announced today that it has achieved ISO 20000 certification, the globally recognized standard for IT Service Management (ITSM). This prestigious certification underscores EFG Holding’s unwavering commitment to providing exceptional service to its customers and investors through the implementation of industry best practices in IT
Valu, MENA’s leading universal financial technology powerhouse, announced today that it has finalized its 14th securitized bond issuance, worth EGP 463.3 million, with EFG Hermes, an EFG Holding company and the leading Investment Bank in the Middle East and North Africa (MENA). The issuance is the fourth under the newly approved securitization program, which is worth a total of EGP 16.0 billion.
EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking division has successfully completed a marketed offering of ADNOC Gas shares on behalf of Abu Dhabi National Oil Company (ADNOC). The transaction, which involved the sale of approximately 3.1 billion shares representing a 4% stake in ADNOC Gas and valued at USD 2.84 billion, marks the first-ever marketed offering in the UAE and the largest placement on the ADX to date.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), has announced a groundbreaking partnership with KidZania in Cairo to introduce the world’s second stock trading experience for children and the first in MENA. This collaboration aims to enhance financial literacy among the younger generation through interactive, engaging, and hands-on learning opportunities. This innovative initiative is designed to impart financial literacy to children aged 8 to 14 through an immersive and interactive stock market simulation.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region, is proud to announce the appointment of Dr. Khalid AlSweilem as the new Chairman of EFG Hermes KSA. Dr. AlSweilem’s leadership comes as part of EFG Hermes’ ongoing commitment to expanding its presence in the Kingdom and supporting the growth of its operations in line with Saudi Arabia’s Vision 2030.
Valu, MENA’s leading universal financial technology powerhouse, announces its partnership with GoodsMart, the innovative household shopping service. This collaboration introduces a seamless payment option for GoodsMart clients, offering unmatched flexibility and convenience for managing their day-to-day household purchases.
Spark Education Platform (SEP), a fast-growing K-12 operator in KSA, owned by the Saudi Education Fund (SEF), which is managed by EFG Hermes, announced entering into definitive agreements to acquire a majority stake in Qimam El Hayat International School in Riyadh. This strategic move further solidifies SEP’s position in the Saudi education market, complementing its recently announced acquisition of 4 schools in the Kingdom. SEP will aim to unlock the school’s next chapter of growth by relocating the school to a new fit-for-purpose campus, increasing the school’s capacity by more than 50%.
Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, announced today a collaboration with Red Hat, the world’s leading provider of open-source solutions, to modernize its digital banking infrastructure. The collaboration focuses on leveraging Red Hat’s hybrid cloud solutions to enhance operational efficiency, deliver superior customer experiences, and strengthen security measures.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) announced its recent rankings in MENA equity capital markets in 2024. The Firm was named the #1 investment bank in the MENA Equity & Equity-Related category for 2024 by the London Stock Exchange Group (LSEG). These achievements reflect the firm’s prominent position in the region and its ability to capture an impressive market share in transactions, including a leading number of senior roles.
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