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EFG Hermes to distribute EGP 973 mn-worth of bonus shares
MARKET NEWS- EFG Hermes will increase its issued capital by over EGP 973 mn by distributing bonus shares at a…
GAFI could ban forex payments between shipping + cargo handling firms
No more USD payments on cargo handling? The Finance Ministry has directed the General Authority for Investments and Freezones to…
Contact + Nawy sign EGP 1 bn financing agreement + Med wealth funds launch a colab
Contact + Nawy sign EGP 1 bn financing agreement: Contact Financial’s real estate finance subsidiary will lend EGP 1 bn…
EFG Hermes again tops Egypt league table, NBE dominates Bloomberg syndicated loan table
EFG Hermes topped the EGX’s brokerage league table once again in March, with a market share of 23.5%, according to…
TE’s Osman gets third term after rule change, EFG Hermes appoints COO at Vortex Energy
Magued Osman has been reappointed as chairman of Telecom Egypt for a third term, according to an EGX disclosure (pdf)…
EFG Hermes’ net income up 12% in 2021
EFG Hermes’ net income rose 12% y-o-y to EGP 1.5 bn in 2021, the universal bank said in its earning…
valU to enter Saudi Arabia in 1H2022
EFG Hermes’ consumer finance platform valU will set foot in Saudi Arabia before the end of 1H2022, marking its first…
EFG Hermes’ private equity units eye fresh investments + acquisitions
EFG Hermes-led Vortex Energy, RX Healthcare, and Education Fund eyeing fresh investments + acquisitions: EFG Hermes’ Egypt Education Fund, and…
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