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Under agreement, which is subject to regulatory approval, EFG Hermes Finance and GB Capital will each own 37.5% of the company.
Interest rates to witness 150-200 bps cut in 2020, with inflation stabilisation at 6-7%
Strong growth for the third quarter driven by solid performance of Investment Bank, NBFIs platform
Helios Towers is EFG Hermes’s fifth IPO on the London Stock
EFG Hermes’s Abu Basha foresees 0.5% cut, Pharos’ El-Swaify and Sigma expect 1.5%
Despite continued volatility of global conditions, positive stories coming out of MENA, frontier economies, with encouraging economic data from Saudi Arabia, Egypt, says Group CEO
EFG-Hermes Leasing considers new securitisation worth EGP 300-400m in Q4 of 2019
Hermes Securities Brokerage second with EGP 4.6bn, CIBC in third with EGP 4bn
Large private company to be offered on EGX by November
The company achieved revenues of EGP 1.1bn, reflecting a 13% y-o-y increase during the same period.
EFG Hermes conducted EGP 8.2bn of transactions thanks to institutions deals
Institutional offering of Egyptian e-payment network Fawry was 15.9x oversubscribed at EGP 6.46 per share (offer price), having generated about EGP 7.1bn ($431.0m), the offering manager EFG Hermes announced in a press statement on Thursday
Bidding firms are Hermes, CI Capital, Beltone Financial, HC, and Pharos
Gad: 4 private companies preparing for EGX float, 2 will be offered before year-end
Company focuses on enhancing its market share in Africa
Hermes’ expected share in education fund investments in 2019 amounts to $40m: Moussa
Promotions operations to offer 20% of company will include 13 countries, launch in preparation: Ebeid
Furthermore, GOSI, one of the largest pension funds in the world by assets under management, will own (through a wholly-owned subsidiary) a 47% stake in the JV through its contribution of its 38.88% stake in the Tadawul-listed NMC Company at SAR 54.00 ($14) per share.
Partnership provides clients access to Hanoi Stock Exchange, Ho Chi Minh City Exchange, UPCOM, says Khalpey
Finablr is a global platform for payments and foreign exchange solutions, with holdings including the UAE Exchange, Travelex Holdings, Xpress Money, Unimoni, Ditto, and Remit2India, among others.
New partnership will offer long-term, competitive mortgages, increasing affordability to better serve Egypt’s growing population of homebuyers
We deal with 250 merchants, have 30,000 clients, 1,500 distribution points, says Walid Hassouna
Firm’s board of directors proposed cash dividend of EGP 0.65/share, equivalent to 50% of attributable profits
Transaction was met with strong demand from global, regional, Egyptian investors
EFG Hermes’s 15th One on One Conference kicks off in Dubai with participation of leaders of 186 companies, managing assets in excess of $11tn
Education sector in Egypt in dire need of major investments…we expect to deliver attractive returns to our investors: Moussa
Sale involves one of largest wind energy portfolios in Europe
Three-day event hosts 27 investors from 22 firms, financial groups with $5.5tn assets under management
Conference to bring together investors, fund managers representing $12tn in aggregate AUM
Deepening presence in current markets, taking six months before studying new markets, says Ebeid