EFG Holding

Sector: Finance

Country: Egypt

EFG Holding has firmly established itself as a leading financial institution in the Middle East and North Africa (MENA) region, boasting a diversified portfolio that encompasses investment banking, non-bank financial services, and commercial banking. In 2024, the group achieved record revenues of EGP24.4bn, marking a remarkable 66 per cent year-on-year (YoY) increase, and a net profit after tax and minority interest of EGP4.3bn, up 71 per cent from the previous year.

The investment bank arm, EFG Hermes, dominated the MENA equity capital markets ranking the #1 investment bank in the MENA equity and equity-related category for 2024 by the London Stock Exchange Group (LSEG) with nine initial public offerings (IPOs) and six secondary offerings in 2024.

Notable transactions included the IPOs of Talabat, LuLu Retail, and Spinneys, as well as the landmark Aramco follow- on offering. These deals spanned major GCC exchanges, including Tadawul, ADX, DFM, and Boursa Kuwait, highlighting the firm’s extensive regional reach and expertise.

EFG Finance, the group’s non-bank financial institutions (NBFI) platform, reported revenues of EGP4.8bn in 2024, a robust 60 per cent increase year-onyear (YoY). This growth was driven by subsidiaries such as Valu, a financial technology platform poised for listing on the EGX; Tanmeyah, a leading financial services provider for small businesses and entrepreneurs; and EFG Corp-Solutions, offering leasing and factoring services. The commercial bank, Bank NXT, significantly contributed to the group’s performance, providing integrated retail and corporate banking products and services in Egypt.

In Q1 2025, EFG Holding reported revenues of EGP5.6bn. EFG Finance started the year strong, with its revenues rising 23 per cent YoY to reach EGP1.3bn, supported by higher revenues generated by Tanmeyah, followed by Valu. Bank NXT delivered a steady performance, underscored by strong portfolio growth, with its revenues increasing 11 per cent YoY to EGP1.4bn in Q1.

These impressive figures bode well for EFG Holding, which continues to expand its business across emerging markets, with a strong presence in Egypt, the UAE, Saudi Arabia, Kuwait, Bahrain, Kenya, and Nigeria. The group’s diversified operations and strategic initiatives have solidified its position as the foremost trusted partner offering financial services in the MENA region