Improved revenue mix diversification with strong contribution from the non-bank financial institution platforms turning healthy growth levels in the third quarter of 2016
EFG Hermes Asset Management Division extends its lead as the largest asset manager in Egypt by number of funds managed, increases Egypt-focused AUMs to EGP 10.5 billion
EFG Hermes to Expand into the United States with Permanent New York Office
The sustainable development project is in cooperation with the Kuwaiti Initiative for the Support of the Egyptian People and includes the construction of a building in the local school, the renovation of the health unit, homes for 35 families and the provision of employment opportunities for the local community.
As it transforms into a financial services corporation with access to frontier markets, EFG Hermes gives global investors a glimpse into some of the most compelling emerging and frontier market companies against a backdrop of changing global realities
EFG Hermes, the Arab world’s leading financial services corporation, reported today group earnings from continuing operations of EGP 48 million for the second quarter of 2016. Operating revenue for the period stood at EGP 288 million, up 10% year-on-year on the back of higher fee and commission income, including rising contributions from the company’s leasing business and additional revenue from the recently acquired microfinance player Tanmeyah.
EFG Hermes, the leading investment bank in the Arab world, announced today that Walid Hassouna, a veteran of the Egyptian banking community, will join the senior management team as Chief Executive Officer of EFG Hermes Finance and Group Head of Debt Capital Markets starting today.
EFG Hermes Investment Banking Concludes Advisory on B.TECH’s EGP300 Million Strategic Partnership with DPI, a Leading African Private Equity Firm
EFG Hermes Announces the Closing of Vortex’s EUR 550 Million Pan-European Deal; Doubling its Private Equity AUMs to USD 1.1 Billion and Bringing Total Group AUMs to USD 3.5 Billion
Ordinary shares of Cleopatra Hospital Company S.A.E. (stock code: CLHO.CA) will begin trading today on the Egyptian Exchange at 10:00am CLT, opening at EGP 9.00 per share. Trading begins after a book-building process that saw selling shareholder Care Healthcare Limited offer 34 million shares to international institutional investors and a further 6 million shares to Egyptian retail investors (together, the “Combined Offer”). The institutional offering was 6.73x oversubscribed and the Egyptian retail offering 28.6x oversubscribed.
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