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10 AUGUST 2022

PayTabs Egypt Partners with Savings Platform Waffarha to Introduce Digital Payment Solutions for Clients and Merchants

PayTabs Egypt, MENA’s award-winning payment processing powerhouse, announced today its partnership with digital savings platform Waffarha. The collaboration aims to offer the Egyptian market prime deals on a diverse range of products and services at affordable price points. The products may be purchased with user-friendly online payment solutions backed by cutting edge technology.

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09 AUGUST 2022

EFG Hermes Successfully Concludes Advisory on Latest EGP 750 Million Financing Transaction for MARAKEZ’s Mall of Arabia

EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its Investment Banking division successfully closed advisory on the latest EGP 750 million financing over two tranches in a sale and leaseback package for MARAKEZ, one of the largest mixed-use developers in Egypt.

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03 AUGUST 2022

Aladdin ElAfifi to Lead EFG Hermes’ Non-Bank Financial Institutions (NBFI) Platform as New CEO

EFG Hermes Holding, an impact driven universal bank in Egypt with the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today the appointment of Aladdin ElAfifi as the new CEO of its NBFI platform effective August 1st, 2022.

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25 JULY 2022

Walid Hassouna, CEO of EFG Hermes Holding’s NBFI Platform, Becomes Solely Dedicated to valU, Egypt’s Leading and Fast-Growing BNPL Fintech Platform

EFG Hermes Holding, an impact-driven universal bank in Egypt with the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today the move of Walid Hassouna from his position as CEO of the Firm’s Non-Bank Financial Institutions (NBFI) platform to focusing solely on managing and driving forward Egypt’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform valU

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24 JULY 2022

EFG Hermes Successfully Concludes Advisory on the Second Issuance for Pioneers Properties for Urban Development’s EGP 425 Million Securitization Bond Offering

EFG Hermes’ investment banking division, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today the successful close of an EGP 425 million securitized bond issuance for real estate powerhouse Pioneers Properties for Urban Development and its affiliates – the second in an EGP 3.0 billion program. 

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24 JULY 2022

EFG Hermes Successfully Concludes Advisory on Orascom Development Egypt’s Flagship Project “O West” EGP 1.5 billion financing

Orascom Development Egypt (ODE) announced today that its subsidiary Orascom for Real Estate S.A.E (ORE), has signed EGP 1.5 billion facility agreement with Commercial International Bank (CIB) to partially finance the development and help accelerate the construction of the launched phases at its flagship development O West, namely Whyte, Tulwa, Club Residences, Hillside and the O-Business District. 

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14 JULY 2022

EFG Hermes Successfully Concludes Advisory on UAE-based Agthia’s Majority Acquisition of Auf Group

EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its investment banking division successfully concluded advising Auf Group's founders and Tanmiya Capital Ventures (TCV) on the entry into a strategic transaction concerning Auf Group, a leading specialized Egyptian healthy snacks and coffee manufacturer and retailer, with UAE-based Agthia, one of the leading food and beverage companies in the region. 

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03 JULY 2022

Amazon Egypt (amazon.eg) launches valU's Buy-Now-Pay-Later (BNPL) Services in Egypt for Consumers To Avail Convenient Installment Plans up to 60 Months.

As part of Amazon Egypt’s commitment to enhance its shopping experience and provide customers in Egypt flexible and affordable payment options, Amazon Egypt (amazon.eg) is introducing installment plans through valU, the leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform in MENA, a subsidiary of EFG Hermes Holding. Amazon.eg customers who are also valU customers will be able to select the BNPL payment method on Amazon.eg store and choose their installment plan of choice, ranging from 6 to 60 months, without any down-payment. 

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27 JUNE 2022

valU Partners with Arab Developers Holding to Provide Customers with Flexible Home Improvement and Maintenance Installment Plans

valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, partners for the first time with Arab Developers Holding, a leading real estate developer in Egypt, to offer residents of its various developments installment solutions that cover home improvement and maintenance fees starting from the 1st of July 2022.

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21 JUNE 2022

EFG Hermes Concludes Advisory on Bedaya Mortgage Finance’s First Securitization Issuance Worth EGP 651.2 million

EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced that its Investment Banking division successfully closed the first issuance worth EGP 651.2 million of the EGP 3 billion securitization program for Bedaya Mortgage Finance, Egypt’s first non-bank online mortgage provider

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