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Qasatli, EFG Hermes sign contract to issue EGP 1.8 bn securitized bonds for Amer’s Porto and Mansour groups
EFG Hermes and newly set-up mortgage finance company Qasatli have signed an agreement to issue EGP 1.8 bn-worth of five-year…
EFG, Egypt’s sovereign fund look to take 76% stake in Arab Investment Bank
M&A WATCH- EFG, sovereign fund look to take 76% stake in Arab Investment Bank: EFG Hermes and the Sovereign Fund…
Hossam El Naggar appointed deputy CEO of Tanmeyah
MOVES- EFG Hermes subsidiary Tanmeyah Micro Enterprise Services has named Hossam El Naggar (LinkedIn) as deputy CEO, the local press…
EFG and GB Auto to complete purchase of 75% Tokio Marine Egypt in 2Q2020
M&A WATCH- EFG Hermes, GB Capital to close Tokio Marine majority stake acquisition before the month is out: A consortium…
What we’re tracking on 11 June 2020
Good morning, friends, and welcome to the end of the workweek at a time of year when we would normally…
Five cement factories could close this year as covid-19 compounds sector’s woes
Four or five of Egypt’s two dozen cement factories could be forced to close in the coming months, as the…
Egypt, Pakistan are EFG’s top frontier and emerging markets picks after sell-off and earnings downgrade
Egypt and Pakistan are EFG’s top frontier and emerging markets picks after sell-off and earnings downgrade: Egypt and Pakistan’s equity…
Central Bank of Egypt leaves rates unchanged in May
CBE decides to keep a bullet in its chamber, leaving rates on hold at MPC meeting: The Central Bank of…
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