EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division’s DCM team has successfully concluded advisory on the second issuance for mortgage finance company Qasatli worth EGP 159.2 million. The issuance comes as part of the wider EGP 6.5 billion securitization program that was approved in December 2020 for nine different originators: Amer Group’s four subsidiaries, four subsidiaries of Porto Group, and Qasatli.
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division successfully completed advisory on the landmark SAR 4.572 billion (USD 1.219 billion) initial public offering (IPO) of ADES Holding Company (ADES), a leading oil and gas drilling and production services provider in MENA, on the Saudi Exchange. EFG Hermes acted as Joint Financial Advisor, Global Coordinator, Bookrunner, and Underwriter on the transaction.
The EFG Foundation for Social Development, a non-profit, non-governmental organization, EFG Holding’s Foundation for Social Development, is excited to announce that it has won first place in Luxor at the Smart Green Project Competition by The National Initiative for Smart Green Projects, in the non-profit projects category, for its 'Green Footprint Initiative'.
Valu, MENA’s leading universal financial technology powerhouse, has announced its decision to launch in Jordan in Early 2024 as part of its strategic expansion plan. The company has undertaken a comprehensive assessment and is actively considering entering new markets, that in addition to Jordan, include others currently under study in North Africa. This strategic assessment demonstrates Valu's dedication to ensuring a strong market presence and comes in line with Valu’s business strategy, which places a strong emphasis on targeting markets with favorable market dynamics that allow for the implementation of its full product and services universe flexibly and that ensure profitability within 12-24 months of launching.
Tanmeyah for Microenterprise Services, a subsidiary of EFG Holding and Egypt’s leading provider of microfinance solutions, is delighted to announce its involvement in the inaugural edition of the "Business Ya Shabab" exhibition, held under the auspices of the Council of Ministers at the Cairo International Stadium at Pavilion B10. The primary objective of this participation is to empower 150 young artisans and entrepreneurs in small and micro-industries by offering a comprehensive selection of financing solutions tailored to their unique needs.
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division successfully completed advisory on the USD 290 million initial public offering (IPO) of Lumi Rental Company, one of the leading car rental and leasing companies in the Kingdom of Saudi Arabia. EFG Hermes acted as joint bookrunner on the IPO.
Dr. Sharifa Sharif, the Executive Director of the National Institute for Governance and Sustainable Development, the training arm of the Ministry of Planning and Economic Development, has met with Mrs. Hanaa Helmy, Group Chief Corporate Sustainability and Impact Officer of EFG Holding and CEO of the EFG Foundation, to discuss future bilateral cooperation.
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today the successful conclusion of EFG Holding’s wholly-owned subsidiary, EFG Corp-Solutions' third issuance of a securitization bond worth EGP 1.0 billion. This milestone marks a significant expansion of EFG Corp-Solutions' securitization program, which has now increased its value from EGP 3.0 billion to EGP 6.0 billion. The bond is backed by a receivables portfolio assigned to EFG Securitization as the issuance’s special purpose vehicle (SPV).
Valu, MENA’s leading universal financial technology powerhouse, announced today that it has extended its long-term partnership with Le Marche, a leading furniture expo in Egypt, for three additional years and initiated a new partnership with Electrotech, a new electronics exhibition, to offer customers a unique shopping experience. The event will take place from the 19th to the 22nd of October 2023, at Egypt International Exhibitions Center in the Fifth Settlement, showcasing an array of high-quality home furniture, decor items, and home appliances and electrical and solar energy-powered items for indoor and outdoor use provided through Electrotech.
Valu, MENA’s leading universal financial technology powerhouse, announced today that it has closed its sixth securitized bond issuance. The EGP 922.3 million issuance is part of a short-term program that has been renewed and is backed by a receivables portfolio assigned to EFG Hermes’ Financial Group for Securitization, the issuance’s Special Purpose Vehicle (SPV). The securitization is comprised of a singular trance with a 12-month bond tenor valued at EGP 922.3 million and a Prime 1 (sf) rating.
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