#EFG Hermes

valU EFG-Karim-Awad

FAS Labs, valU partner to offer digital consumer finance services in Saudi Arabia

The agreement will accelerate the geographical expansion of valU and provide digital finance solutions to consumers in Saudi Arabia through FAS Finance

EFG hermes Boursa Kuwait

EFG Hermes wraps up advisory on $323m private placement ahead of Ali Alghanim and Sons’ IPO

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

EFG Amazon.eg

Amazon invests $10m in EFG Hermes, may convert to 4.255% stake in subsidiary valU

ValU has a current post-money valuation $235m

Citi, HSBC set to share up to $97m in fees from DEWA IPO

DEWA said in a statement that the selling commissions would amount to Dhs213.7m

First Abu Dhabi Bank

UAE lender First Abu Dhabi Bank pulls bid for Egypt’s EFG-Hermes

FAB had offered to buy a majority stake in EFG-Hermes in February

EFG Hermes completes advisory on $6.1 bn DEWA IPO

EFG Hermes has advised on other landmark listings such as ACWA Power’s offering on Tadawul and ADNOC Drilling’s milestone IPO on ADX

EFG Hermes hires Saud Altassan as CEO for Saudi business

Altassan was the head of investment banking for Bank of America in Saudi Arabia

EFG Hermes completes advisory on Macro Group’s $83m IPO

The IPO is the first listing of a cosmeceutical company on the Egyptian Exchange

Power Letters 2022: Mohamed Ebeid, CEO, EFG Hermes’ Investment Bank; group executive committee member

In Egypt, we closed three accelerated equity offerings, out of which one was the first dual listing of a London listed company on EGX

EFG Hermes advises TPG’s Evercare Group on $72.4m IDC deal

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

Saudi Arabia: EFG Hermes completes advisory on listing of ACWA Power

The listing is one of the largest offerings in the kingdom since Saudi Aramco’s IPO in 2019

Vortex Energy achieves $200m first close for fourth fund

Vortex Energy IV will target all energy transition verticals

EFG Amazon.eg

Egypt’s sovereign fund, EFG Hermes partner to acquire control of Arab Investment Bank

The transaction will be structured as a capital increase that will raise the paid-in capital of the bank to EGP5bn

EFG Hermes Shareholders Approve QInvest Deal

Egypt’s biggest investment bank, EFG Hermes and Qatar’s QInvest had reached an agreement in May 2012.

EFG-Hermes Q2 net profit down 66%

The Egyptian investment bank posted a net profit of $4.4 million as revenues from its brokerage operations declined.