#EFG Hermes
Speaking at the 19th EFG Hermes One-on-One Investor Conference in Dubai, Awad said global investor sentiment had been shaken by rising uncertainty
Investor appetite in the region remains strong across local, regional, and international participants
The healthcare company began trading publicly on Tuesday and rose 15 per cent on debut as it hovered around the SAR139.60 mark
The event explored transformative innovations in capital markets and regulatory developments while highlighting investment prospects
The company priced its IPO at the top of the range, selling its shares at 500 fils apiece to raise KWD45m
Following the theme of its conference, EFG Hermes highlights opportunities available in frontier emerging markets
Looking at the landscape, 2024 promises to sustain the momentum in the GCC region, with Saudi Arabia taking centre stage, says Gad
The banking group’s net profit after tax and minority interest rose by 24 per cent to reach EGP395m
The offering marks EFG Hermes’ fifth IPO this year and is the latest in a series of transactions the investment bank has advised on in the GCC region
The transaction marks the financial technology firm’s third issuance this year, and the sixth concluded in partnership with EFG Hermes to date
The kingdom continues to be under-represented in the portfolios of emerging markets investors despite being the sixth index in the MSCI EM Index
The landmark securitisation programme makes EMRC the first refinance mortgage company to securitise portfolios for mortgage companies in the Egyptian market.
Under the new brand identity, Valu has refreshed its logo, application and overall visual identity to represent the company in a more modern and dynamic way
The banking group’s net profit after tax and minority interest rose by 20 per cent to reach EGP405m
Powered by a strategic rebranding, EFG Holding continues to maintain a competitive edge across frontier and emerging markets. Group CEO Karim Awad shares the details
The Gulf state is considering the plan on the hopes that more trading would raise investment returns, reduce costs and help with diversification
The universal bank said the move comes in light of its efforts to drive shareholders’ value by optimising its operations and improving the return on equity metric
The transaction, upon completion, will see UAE-based Agthia owning 60 per cent of Egypt’s Auf Group
The agreement will accelerate the geographical expansion of valU and provide digital finance solutions to consumers in Saudi Arabia through FAS Finance
This is a significant milestone for EFG Hermes, as it’s the firm’s first IPO on Boursa Kuwait where it has acted as a joint bookrunner for the offering
ValU has a current post-money valuation $235m
DEWA said in a statement that the selling commissions would amount to Dhs213.7m
FAB had offered to buy a majority stake in EFG-Hermes in February
EFG Hermes has advised on other landmark listings such as ACWA Power’s offering on Tadawul and ADNOC Drilling’s milestone IPO on ADX
Altassan was the head of investment banking for Bank of America in Saudi Arabia
The IPO is the first listing of a cosmeceutical company on the Egyptian Exchange
In Egypt, we closed three accelerated equity offerings, out of which one was the first dual listing of a London listed company on EGX
IDC, a radiology and pathology diagnostics service provider in Pakistan, provides imaging and lab services across a national network of over 80 branches in 30 cities
The listing is one of the largest offerings in the kingdom since Saudi Aramco’s IPO in 2019
Vortex Energy IV will target all energy transition verticals