EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) announced today that its investment banking division successfully concluded advisory on a future cash flow securitization issuance worth EGP 500 million for Badr University in Assiut (BUA), one of CIRA’s flagship universities. This issuance marks the first standalone future cash flow securitization for BUA.
EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking division successfully concluded advisory on the EGP 400 million securitized bond issuance for Premium International for Credit Services (Premium). The issuance comes as their ninth since inception and the third in a wider EGP 2 billion program.
EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking division successfully concluded advisory on the EGP 1.78 billion securitized bond issuance for Bedaya Mortgage Finance, a subsidiary of EFG Finance , and one of the leading non-bank mortgage providers in Egypt. The issuance comes as their fifth since inception and the third in a wider EGP 10.0 billion program.
Tanmeyah, a subsidiary of EFG Holding and a leading provider of financial services in Egypt with a concerted focus on micro enterprise segments, announced today the launch of its innovative new mobile financial inclusion and customer service hub, “Stay Savvy”, aimed at boosting financial literacy and accessibility for clients and non-clients throughout Egypt. This dynamic service is set to offer essential guidance and resources, underscoring Tanmeyah’s commitment to financial inclusion in both urban and rural communities alike.
Valu, MENA’s leading universal financial technology powerhouse, announced the successful closing of its 13th securitized bond issuance worth EGP 519.2 million. The milestone marks a remarkable journey since Valu’s inception, with a cumulative total of over EGP 10.8 billion raised across all securitizations.
Bank NXT, a leading provider of integrated retail and corporate solutions in Egypt, announced today its participation in the International Day of People with Disabilities under the supervision of the Central Bank of Egypt (CBE). This initiative, running from 1-15 December, aligns with the nationwide strategy to bolster financial inclusion and the presidential initiative “Bedaya”. Bank NXT’s participation in this initiative aims to expand accessibility to banking services for people with disabilities and promote innovative financial solutions tailored to their needs.
Valu, the leading universal financial technology powerhouse in the MENA region, has joined forces with GLC Paints, the leading paint manufacturer in Africa and the Middle East, to revolutionize GLC loyalty program experience. The partnership aims to expand the redemption options for GLC's Express members by allowing them to transfer their loyalty points into Valu's Flip e-gift card, providing greater flexibility and convenience for spending. Valu also extends its solutions to some of GLC's distributors, further enhancing the value proposition for the partnership.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking division completed its advisory on the initial public offering (IPO) of Talabat Holding plc, the region’s leading online food and grocery delivery platform on the Dubai Financial Market (DFM). EFG Hermes acted as a Joint Bookrunner on the transaction, which involved the divestment of 20% of Delivery Hero's stake, valued at approximately USD 2.0 billion, making it the largest UAE IPO of 2024 and the largest global tech IPO of the year to date. The IPO saw significant interest from international, regional, and local investors, resulting in double-digit oversubscription levels.
Tanmeyah, a subsidiary of EFG Holding and leading provider of financial solutions in Egypt with a concerted focus on micro enterprise segments, announced today its new development initiatives for Palestine Square and Ahmed Abd El-Azeem Street, situated next to the company’s headquarters in Al Maadi. This project highlights Tanmeyah’s unwavering commitment to community enhancement and environmental sustainability, falling in line with its Environmental, Social, and Governance (ESG) objectives and broader framework.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that it has successfully advised United Electronics Co (eXtra) on the SAR 990 million (USD 264 million) initial public offering (IPO) of its subsidiary United International Holding Company (UIHC) on the Saudi Exchange. UIHC offered 7.5 million ordinary shares, representing 30% of its total issued share capital.
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