EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced today that it successfully closed valU’s first securitization issuance worth EGP 322.550 million as part of a wider EGP 2 billion securitization program approved by the FRA on 25 July 2021.
Following the success of the last three iterations of the conference, EFG Hermes’ 4th Virtual Investor Conference will provide insights into compelling investment opportunities across FEMs
This recognition serves as testament to the strides valU has made in the past few years in growing its business to become the leading BNPL in the region
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), successfully concluded advisory on the follow-on sale of c. 73.9 million (c. 4.3%) shares of Fawry for Banking Technology and Electronic Payments SAE (FWRY.CA) on the Egyptian Stock Exchange (EGX), in a c. USD 80.0 million transaction. The Firm acted as sole financial advisor as well as joint bookrunner, on behalf of the selling shareholders; the Egyptian American Enterprise Fund; Link HoldCo BV (Helios); responsAbility; and Black Sparrow (MENA LTV).
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), reported today its second quarter results for 2021. EFG Hermes’ revenues grew by 20% Y-o-Y to EGP 1.6 billion in 2Q21, driven by an outstanding performance from the Investment Bank and the NBFIs platform, delivering a solid 66% Y-o-Y increase in revenues from fees and commissions to EGP 1.1 billion in 2Q21.
The partnership further diversifies valU’s service offering, affording Club S potential members with the opportunity to meet their lifestyle needs.
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), and SODIC for Securitization S.A.E., SODIC’s wholly owned subsidiary, announced today the successful conclusion of the latter’s first securitization issuance. EFG Hermes acted as sole arranger on the EGP 343 million issuance which is the first in an EGP 1 billion securitization program for SODIC.
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced today that it successfully closed the fifth, EGP 211 million issuance of Premium International for Credit Services (Premium)’s EGP 2 billion securitization program.
The deal represents a landmark equity capital market transaction for Abu Dhabi, as it is the first IPO since 2017
The second cross-border M&A transaction this year alone, the acquisition is part and parcel of EFG Hermes’ strategy to deepen its foothold in MENA markets and drive growth across the region.
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