TAQA Arabia, the full-service energy and utility provider in Egypt, announced today the start of trading of the group's shares on The Egyptian Exchange (EGX). The shares to start trading at 10:00 am on Sunday July 9, 2023. This comes after receiving the EGX listing committee approval to list TAQA Arabia’s shares in the ‘Utilities’ sector under the ticker symbol (TAQA.CA).
valU, MENA’s leading lifestyle-enabling fintech platform, announced today that it has closed its fifth securitized bond issuance. The EGP 1.42 billion issuance is part of a newly approved EGP 4.0 billion program.
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 769 million initial public offering (IPO) of ADNOC Logistics & Services Plc (ADNOC L&S) — the UAE’s leading integrated energy player Abu Dhabi National Oil Company’s (ADNOC) maritime logistics unit — on the Abu Dhabi Securities Exchange (ADX). EFG Hermes acted as joint bookrunner on the transaction.
valU, MENA’s leading lifestyle enabling fintech platform, announced today that it has partnered with Telda — Egypt's digital payments platform that offers its users payments services through its mobile application and prepaid card without the need of having a bank account — to enable users of valU’s instant cash redemption product, “Sha2labaz”, to disburse money on Telda— a unique value proposition and the first-of-its-kind partnership and offering in the Egyptian market.
EFG Hermes Holding announced today that it has successfully rebranded to EFG Holding (EGX: HRHO – LSE: EFGD) to ensure the brand evolves in line with the Group’s expansion across three distinct verticals: EFG Hermes the investment bank, EFG Finance the non-bank financial institutions (NBFI) platform, and aiBANK the commercial bank. In addition, the name change on the group level will entail changing the EFG Hermes Foundation’s name to become the EFG Foundation. Today, EFG Holding stands as a trailblazing financial institution providing boundless financial opportunities with a universal bank in Egypt and the leading investment bank franchise in Frontier and Emerging Markets (FEM), consistently offering customers best-in-class, end-to-end financial services.
EFG Hermes Holding, the leading financial institution with a universal bank in Egypt and the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today its results for the three months ended 31 March 2023. The Group recorded a 129% Y-o-Y increase in revenue to EGP 4.5 billion in 1Q23, primarily driven by growth in treasury operations, as well as solid results generated from the Investment Bank and aiBANK during the period.
valU, MENA’s leading lifestyle-enabling fintech platform, announced today that it has partnered with Partment — a digital platform offering their clients fractional shares (co-ownership) in fully-managed second homes across prime locations — to enable users to leverage its flexible and affordable payment plans for Partment’s property management and maintenance services.
Tanmeyah for Microenterprise Services, a subsidiary of EFG Hermes Holding and Egypt’s leading provider of microfinance solutions, announced today that it appointed Jinu Johnson as the company’s new Chief Executive Officer (CEO), effective today.
The Arab Federation of Capital Markets (AFCM) announced yesterday that EFG Hermes has won the “Best Broker in Egypt” and “Best Broker in Dubai” awards for 2022 during the awards ceremony held by AFCM on the 9th of May 2023 in Muscat, Oman.
The general assembly of aiBANK approved the bank’s financial statements on 26/3/2023 for the fiscal year ending on December 31, 2022, which was characterized by remarkable growth and development in business results amounting to EGP 525.6 million in net profit, and EGP 1,791 million in net interest income by the end of 2022, compared to EGP 1,113 million for the same period last year; marking a 61% increase, in the light of the acquisition by EFG Hermes Holding and the Sovereign Fund of Egypt (TSFE), and the change of the bank's legal structure to become an Egyptian joint stock institution under Law 159 of 1981.
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