EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today the successful completion of its role as Sole Global Coordinator & Bookrunner to Gourmet Egypt.com Foods S.A.E (“Gourmet”) for its initial public offering (IPO) on the Egyptian Exchange (EGX).
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today the successful completion of its advisory role on a landmark transaction in which Ashmore Investment Saudi Arabia acquired a minority stake in Pharco KSA, the Saudi subsidiary of Pharco Pharmaceuticals, the largest pharmaceutical manufacturer in MENA, through a primary capital increase. EFG Hermes acted as the sole financial advisor on the transaction.
Talaat Moustafa Group (TMG), the leading real estate and tourism development company and Egypt Education Platform (EEP), Egypt’s largest and fastest growing education service provider which is owned by Egypt Education Fund (a fund managed and backed by EFG Hermes), announced today the signing of a strategic alliance to establish a flagship private university within Noor City (Noor), one of TMG’s fully integrated master developments located East of Cairo.
Palm Hills Developments (PHD), a leading real estate developer in Egypt, and EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), jointly announced today the successful closing of an EGP 2.015 billion securitized bond issuance. The transaction represents the first issuance under PHD’s newly approved EGP 30 billion securitization program.
Valu, Egypt’s leading financial technology powerhouse, has announced its sponsorship of Talia Eslam Ahmed, one of the country’s most promising young squash talents and the current number one-ranked player in Egypt under 11. The partnership highlights Valu’s commitment to supporting the next generation of athletes and investing in the future of Egyptian sports.
Valu, Egypt’s leading consumer finance platform, has announced a strategic partnership with Voltة, the country’s newest electric mobility brand, to provide flexible financing for Voltة’s purpose-built neighborhood electric vehicles (NEVs). This collaboration enables residents of modern gated communities and property owners to access premium, locally manufactured, and environmentally friendly electric vehicles through Valu’s tailored financing solutions.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region, announced today that it has successfully acted as the Financial Advisor and Bookrunner to Depa PLC (“Depa”) on its pro rata renounceable rights issue, a key capital-raising transaction supporting the company’s strategic growth agenda.
Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, announced that it has selected IBM Instana®, IBM Turbonomic®, and IBM Cloud Pak® solutions, in collaboration with Inspire for Solutions Development, to accelerate its digital banking transformation. By implementing these technologies, the bank is building a strong foundation for real-time observability, automated resource optimization, and advanced integration. This integrated approach is designed to improve resilience, minimize downtime, optimize IT resources, and deliver faster, more reliable digital banking experiences for its customers. As Egypt’s financial sector rapidly shifts toward more innovative, more agile digital banking models, Bank NXT is modernizing its core technology environment to overcome legacy limitations and build a scalable, adaptive digital foundation. This transformation aims to enhance operational efficiency, accelerate service delivery, and strengthen the bank’s ability to collaborate seamlessly with fintech partners, enabling secure and innovative customer experiences.
Valu, the leading universal financial technology powerhouse in Egypt, announced today that it has received final approval from the Central Bank of Jordan (CBJ) to officially launch its services in Jordan under a Specialized Finance license, offering consumers convenient financing solutions. This approval follows the initial regulatory clearance granted in 2025. It represents a significant milestone in Valu’s regional growth strategy and long-term commitment to advancing financial inclusion in Jordan.
Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, signed a Memorandum of Understanding (MoU) with a consortium comprising of Frankfurt School of Finance & Management, and Chemonics, as part of the German development programme, Green Recovery for the Egyptian Economy Transformation (GREET). The MoU establishes a framework for cooperation under the Third Work Package of the Green Capacity Development Programme, funded by the GIZ Egypt on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).
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