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KSA’s Alhokair family agrees to acquire 4.99% of valU
valU welcomes new minority Saudi owners: The Alhokair family looks set to acquire a 4.99% stake in EFG Hermes’ buy-now-pay-later…
We like debt and insurance, but hate stocks
The Financial Regulatory Authority is out with its quarterly report (pdf) detailing the state of capital markets in 1Q2022, and…
Contact makes play for ’defensive’ sectors
Contact Financial Holding’s consumer financing arm is earmarking EGP 2 bn for tuition financing in 2H2022, Contact CEO and Managing…
THIS MORNING: USD 10 bn additional burden + Latvian FM in town + wheat can’t get out of Ukraine and India isn’t helping…oh, and the Fed.
Good morning, ladies and gentlemen, and welcome to another issue of the government and the private sector playing whack-a-mole with…
From Cairo to Riyadh: ValU moves into Saudi in partnership with Alhokair family
valU enters Saudi Arabia: EFG Hermes’ buy-now-pay-later platform valU is set to enter Saudi Arabia by acquiring a stake in…
THIS EVENING: valU enters Saudi Arabia + House Economic Committee discusses the Unified Ins. Act + Boris Johnson faces no confidence vote
Happy Monday, wonderful people. The news mill isn’t on the same overdrive we’ve gotten used to lately, but there’s still…
EFG Hermes Corp-Solutions closes EGP 500 mn bond issuance
EFG Hermes Corp-Solutions has closed an EGP 500 mn bond issuance that the company said is the first component of…
Earnings: EFG Hermes, Contact Financial, Elsewedy Electric report strong 1Q 2022 results
EFG Hermes’ net income rose 18% y-o-y to EGP 345 mn in 1Q 2022, the bank said in its earning…
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