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18 MAY 2022

Majid Al Futtaim Partners with valU to Introduce its Unique Redemption Product ‘Sha2labaz’ Across Mall of Egypt and City Centre Almaza

The one-of-a-kind financing product will allow both non-valU and valU clients to access valU’s convenient installment schemes at Mall of Egypt and City Centre Almaza after completing purchases with any type of payment method 

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12 MAY 2022

PayTabs launches social commerce platform ‘Paymes’ to empower Egyptian freelancers and micro merchants

PayTabs, MENA’s award-winning payments powerhouse, announced today the launch of Paymes -the leading social commerce platform in Eurasia. Paymes will serve as PayTabs’ social commerce platform in the MENA region. The strategic partnership will pave the way for millions of freelancers, artisans, consultants, home-based business owners, personal trainers, food truck vendors, members of the gig economy and more to receive payments over social media platforms for the  services they render in a matter of seconds.

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09 MAY 2022

EFG Hermes Recognized by the Financial Times and Statista as one of Africa’s Fastest Growing Companies in 2022

EFG Hermes Holding, the leading universal bank in Egypt and the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that it has been featured on the Financial Times and Statista ranking of Africa’s fastest-growing companies in 2022.

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12 APRIL 2022

EFG Hermes completes advisory on USD 6.1 bn IPO of state-owned DEWA on the DFM — the largest regional IPO since 2019

EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its investment banking division has successfully completed advisory on Dubai Electricity and Water Authority’s (DEWA) USD 6.1 bn initial public offering (IPO) on the Dubai Financial Market (DFM) – the largest ever listing in the Middle East since 2019 and a first-of-its-kind transaction of a public company in Dubai. 

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10 APRIL 2022

Saud Altassan appointed CEO of EFG Hermes, Saudi

EFG Hermes Holding’s investment bank arm, the leading investment bank franchise in Frontier Emerging Markets (FEM), announces the appointment of Saud Altassan as Chief Executive Officer of EFG Hermes, Saudi. Altassan joins from Bank of America where he was Head of Investment Banking, KSA. 

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06 APRIL 2022

valU, MENA’s Leading Buy-Now, Pay-Later (BNPL) Lifestyle-Enabling Fintech Platform, Partners with Electronics Player OPPO to Provide Installment Services to Customers

valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle enabling fintech platform, and OPPO, the world's leading smart device manufacturers and innovators, announced today a collaboration that will allow OPPO’s customers to utilize valU’s financing solutions when purchasing products across OPPO’s retail network. 

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31 MARCH 2022

Vortex Energy Appoints Ana Peris Caminero as Chief Operating Officer

Vortex Energy, a leading renewables-focused investment vehicle in Europe, managed by the private equity arm of EFG Hermes, has appointed ‘Ana Peris Caminero’ as its Chief Operating Officer (COO) and member of the Investment Committee

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24 MARCH 2022

EFG Hermes Holding FY21 revenues cross EGP 6 billion mark for the first time; net profit gains 12% Y-o-Y to EGP 1.5 billion

EFG Hermes Holding, a universal bank in Egypt and the leading investment bank franchise in Frontier Emerging Markets (FEM), reported a strong set of FY21 results today, with the Group’s top line surpassing the EGP 6 billion mark for the first time to hit EGP 6.1 billion

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09 MARCH 2022

EFG Hermes Corp-Solutions Signs EGP 600 Million Sale and Leaseback Agreement with LMD Visionary Real Estate Development Company

EFG Hermes Corp-Solutions, a wholly-owned subsidiary of EFG Hermes Holding and one of Egypt’s leading leasing and factoring companies, announced today that it has signed a sale and leaseback agreement amounting to EGP 600 million with LMD to finance its all-in-one leisure and business complex 3’Sixty. 

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08 MARCH 2022

valU, the Leading Buy-Now, Pay-Later (BNPL) lifestyle enabling Fintech Platform Partners with noon.com to Provide Installment Services to Customers

valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle enabling fintech platform, and noon.com, the Middle East’s leading e-commerce platform and online shopping destination, announced a partnership that will allow noon and valU’s users to take advantage of valU’s flexible installment plans through noon.

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