The EFG Foundation for Social Development (EFG Foundation) and Bank NXT Foundation for Community Development have renewed their partnership with Magdi Yacoub Heart Foundation to continue supporting the training and qualification of nurses at Aswan Heart Centre (AHC), who work across both Aswan Heart Centre and Magdi Yacoub Global Heart Centre in 6th of October City, reinforcing a shared commitment to stronger cardiac care across Egypt and a more capable healthcare system nationwide.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today the successful conclusion of its advisory role for PIF’s Saudi Omani Investment Company (SOIC) as Sole Global Coordinator on the First Accelerated Bookbuild (ABB) in Oman. The ABB involved a share sale of SOIC’s stake in OQ Base Industries (OQBI), Oman’s only integrated methanol, ammonia & LPG Producer. The transaction involved the placement of 127,136,289 shares, representing a total value of USD 92.5 million on behalf of the SOIC, a PIF-wholly owned company.
EFG Holding, a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA), reported a steady start to the year, with Group revenues rising 18% year-on-year (Y-o-Y) to EGP 6.6 billion, supported by solid performance across all three verticals.
EFG Hermes, an EFG Holding company, and the leading investment bank in the MENA region, today launched its Investor Day at the Abu Dhabi Securities Exchange (ADX) in strategic partnership with ADX, bringing together senior executives from a prominent list of leading ADX-listed companies and a select group of regional and international institutional investors.
EFG Hermes, an EFG Holding company and the leading investment bank in the MENA region, concluded the Saudi Capital Market Investor Conference in a formal partnership with the Saudi Exchange (Tadawul) which Convened against the backdrop of heightened regional geopolitical tensions, the conference which took place from May 17-19th brought together prominent institutional investors and top-tier Saudi-listed companies to affirm investor confidence and demonstrate the enduring resilience of Saudi’s capital markets in the face of material external pressures.
MadfoatCom, Jordan’s leading electronic payment services provider, announced the signing of a strategic partnership agreement with Valu Jordan, the leading universal financial technology in the Middle East and North Africa (MENA) . The partnership aims to enable Valu customers to easily and securely inquire about and settle their dues through eFAWATEERcom.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa, has successfully closed a short-term bond note issuance for Hermes Securities Brokerage.
Valu, Egypt’s leading universal financial technology powerhouse, has partnered with ElTawkeel.com, a comprehensive digital platform for automotive services in Egypt, through its specialized arm, Valu Shift, to launch Egypt’s first fully integrated digital automotive e-commerce platform dedicated to the new car segment. This collaboration is enabling Egypt’s first fully integrated digital solution, where customers can browse, book, pay for, and finance a new vehicle within a single seamless ecosystem.
Valu, Egypt’s leading financial technology powerhouse, announced the signing of a strategic partnership with Fawry, Egypt’s leading fintech and electronic payments company, to introduce Valu services as a new flexible payment and financing option on the myfawry app. This collaboration reflects Valu’s ongoing commitment to expanding its digital financing solutions and enhancing customer experience by offering more accessible and flexible financial services.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today its role as sole financial advisor to the Metallurgical Industries Holding Company (MIH) and the Egyptian Aluminium Company (Egyptalum or EGAL) on its landmark announced partnership with Trafigura for the establishment of a new project company ("NewCo") to develop, own, and operate a new primary aluminium smelter at the Nag Hammadi complex. EFG Hermes is advising on both the equity and debt raising processes for the expansion project. The announcement of the term sheet signing today as a major milestone was announced simultaneously by MIH and Egyptalum.
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