valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced today that Fawaz Abdulaziz Alhokair, Salman Abdulaziz Alhokair, and Abdul Majeed Abdulaziz Alhokair (“Alhokair Family”) have entered into an agreement to acquire a 4.99% stake in valU through a capital injection of USD 12.4 million, signifying a valuation of USD 247.4 million for the company.
Vortex Energy, a leading renewables-focused investment vehicle in Europe, managed by the private equity arm of EFG Hermes, has announced today that it invested to-date in Ignis c. €222m of equity capital, consequently fulfilling its terms of its partnership with Ignis that it initiated last year.
EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its Investment Banking division has successfully completed advisory on Ali Alghanim and Sons Automotive Company’s USD 323 million Private Placement ahead of the Initial Public Offering (IPO) on Boursa Kuwait. The upcoming IPO marks a significant milestone for EFG Hermes, as this is going to be the Firm’s first IPO on the exchange where it acted as joint bookrunner for the offering.
FAS Labs, owned by Fawaz Abdulaziz Alhokair Co. (“Alhokair”), the leading franchise retailer in Saudi Arabia, and Arabian Centres Company (“ACC”), the leading owner, developer, and operator of lifestyle shopping centers in Saudi Arabia, have entered into a strategic partnership with valU for Consumer Finance S.A.E. (“valU”) on the 5th of June 2022. The agreement will accelerate the geographical expansion of the MENA region’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, providing digital consumer finance solutions in Saudi Arabia through FAS Finance.
EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its Investment Banking division successfully closed an EGP 500 million bond issuance for EFG Hermes Holding subsidiary EFG Hermes Corp-Solutions. The transaction is part of a wider EGP 3 billion bond program for the leasing and factoring player.
EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its Investment Banking division successfully concluded its role as joint bookrunner on Borouge plc’s USD 2 billion (AED 7.35 billion) initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX).
EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its Investment Banking division successfully concluded its role as joint bookrunner on Borouge plc’s USD 2 billion (AED 7.35 billion) initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX)
EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), in partnership with Boursa Kuwait, the oldest exchange in the GCC, concluded the “Stars Aligned for the Newest Emerging Market” Virtual Investor Conference as the exchange’s 8th Corporate Day from the 23rd to the 26th of May.
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.
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