EFG Hermes Successfully Concludes Advisory on the Third Issuance for EFG Corp-Solutions in the program، worth EGP 1.0 Billion
تاريخ النشر: 24th, September 2023 GMT
EFG Hermes، the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced today the successful conclusion of EFG Holding’s wholly-owned subsidiary، EFG Corp-Solutions' third issuance of a securitization bond worth EGP 1.0 billion. This milestone marks a significant expansion of EFG Corp-Solutions' securitization program، which has now increased its value from EGP 3.
The securitization bond is comprised of three tranches:
Tranche A – Valued at EGP 15.2 million، with a 12-month bond tenor and a Prime 1 (sf) rating Tranche B – Valued at EGP 465.5 million، with a 36-month bond tenor and an A+ (sf) ratingTranche C – Valued at EGP 531.3 million، with a 55-month bond tenor and an A+ (sf) ratingCommenting on the issuance، Moustafa Gad، Co-Head of Investment Banking at EFG Hermes said، “We are pleased to announce the successful conclusion of our third securitization bond issuance with EFG Corp-Solutions. The expansion of the securitization program to EGP 6.0 billion following the success of its first two transactions aims to further support the company’s growth by offering continued access to essential capital and financial solutions. This issuance not only provides EFG Corp-Solutions with substantial new funding، but also exemplifies our DCM team's steadfast dedication to bolstering business growth in today's challenging financial landscape. EFG Hermes remains dedicated to building upon our varied portfolio of world-class solutions in the DCM space، and this successful securitization bond issuance is a testament to our continued efforts to meet the evolving needs of our clients.”
CEO of EFG Corp-Solutions، Talal El Ayat، said، “This accomplishment represents a significant advance in boosting our operational expansion and establishing our position in the Egyptian market. The successful closing of the third issuance in our securitization program stands as a testament of our solid financial standing and fruitful business development plan. By utilizing a variety of funding sources، we can persist in achieving our goals of expanding our range of cutting-edge financial solutions، increasing our operational footprint، and diversifying our clientele. We are excited about the growth potential this expanded program offers and the opportunities it creates for both our organization and the broader financial ecosystem.”
This issuance comes on the heels of EFG Hermes’ successful closing of an EGP 922.3 million securitized bond offering for Valu، an EGP 472 million issuance for Egyptian Mortgage Refinance Company (EMRC) and an EGP 472.5 million securitized bond for Palm Hills Development (PHD). The investment banking division also concluded an EGP 805.5 million issuance for Madinet Masr (previously Madinet Nasr for Housing and Development)، Al Taamir Mortgage Finance – Al Oula’s EGP 998.5 million issuance، Valu’s EGP 856.5 million issuance، as well as an EGP 986 million issuance for Misr Italia Properties.
EFG Hermes acted as the sole financial advisor، transaction manager، book-runner، underwriter، and arranger on the issuance. Arab African International Bank (AAIB) acted as underwriter as well as custodian bank on the issuance. Arab Banking Cooperation (ABC) and Al Ahli Bank of Kuwait were subscribers to the issuance. KPMG was the auditor and Dreny & Partners was the legal advisor.
—Ends—
About EFG Holding
EFG Holding (EGX: HRHO.CA – LSE: EFGD) is a trailblazing financial institution with an over 40-year track record of success in 12 countries across four continents. Through its three verticals — the Investment Bank (EFG Hermes)، Non-Bank Financial Institutions (NBFI) (EFG Finance)، and Commercial Bank (aiBANK) — the Firm offers markets a holistic portfolio of disruptive financial products and services that serve a growing base of individual clients and businesses of all sizes.
EFG Hermes is the leading investment bank franchise in Frontier and Emerging Markets (FEM)، providing a broad spectrum of financial services including advisory، asset management، securities brokerage، research، and private equity. In our home market، EFG Holding is a universal bank with the fastest-growing NBFI platform، EFG Finance، that includes microfinance player Tanmeyah، leasing and factoring service provider EFG Corp-Solutions، universal financial technology powerhouse Valu، digital payment platform PayTabs Egypt، Bedaya for mortgage finance، and Kaf for insurance. Additionally، the Firm offers commercial banking solutions through aiBANK، a leading provider of integrated retail، corporate، and Islamic banking products in Egypt.
Proudly present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Jordan | Pakistan | UK | Kenya | USA | Bangladesh | Nigeria | Singapore
Learn more about us at www.efghldg.com
For further information، please contact:
May El Gammal
Group Chief Marketing & Communications Officer of EFG Holding
[email protected]
Omar Salama
Communications Manager of EFG Holding
[email protected]
The EFG Holding Public Relations Team
[email protected]
Note on Forward-Looking Statements
In this press release، EFG Holding may make forward-looking statements، including، for example، statements about management’s expectations، strategic objectives، growth opportunities، and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Holding’s belief regarding future events، many of which، by their nature، are inherently uncertain and are beyond management’s control and include، among others، financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current، pending، and future legislation، regulations and regulatory actions. Accordingly، the readers are cautioned not to place undue reliance on forward-looking statements، which speak only as of the date on which they are made.
المصدر: بوابة الفجر
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SSIF’s assets grew by JD 1.7 billion to reach nearly JD 18 billion at the end of Q3 2025
صراحة نيوز –
The Social Security Investment Fund (SSIF) reported a record performance for the first nine months of 2025, with total assets nearing JD 18 billion by the end of September — an increase of JD 1.7 billion, or 10.6 percent, since the beginning of the year.
This growth was driven by an increase in total income, which advanced to JD 1.6 billion compared with JD 664.5 million for the same period last year — a 133.5 percent increase — along with the JD 164 million surplus transferred from the Social Security Corporation.
Total income was primarily derived from JD 809.6 million in realized income from the Fund’s investment portfolios and JD 741.7 million in revaluation gains from its strategic equity holdings.
Net income generated from the Fund’s diversified portfolios grew by 16 percent year-on-year, supported by income of JD 454.6 million from bonds, JD 222.4 million from equities, and JD 104.9 million from money-market instruments, in addition to returns from loan and real-estate investments.
The Fund’s assets were mainly allocated to bonds 57.8 percent, equities 18.2 percent, money-market instruments 12.6 percent, real estate 5 percent, loans 3.2 percent, and tourism investments 1.8 percent.
Chairman of the Investment Board, Omar Malhas affirmed that the results achieved during the year reflect the Fund’s solid and disciplined investment approach, which is based on long-term planning, diversification of investment instruments, and investment in viable projects that add value to the national economy.
He added that the Fund continues to strengthen its position as a pivotal national partner in implementing major strategic projects that form a key pillar of sustainable growth in the Kingdom—most notably through its participation in the National Water Carrier Project. He further noted the Fund’s commitment to pursuing investments that enhance portfolio diversification and align with the objectives of the Economic Modernization Vision.
Malhas emphasized that these strategic ventures demonstrate the Fund’s investment-driven national mission to generate sustainable returns that reinforce its financial strength. He added that this approach also reflects the Fund’s enduring institutional role in supporting the Kingdom’s economic framework and promoting a stable, efficient, and forward-looking investment environment.
SSIF CEO, Dr Izzedine Kanakrieh, stated that the Fund continued during the third quarter to translate its investment plans into tangible results through active portfolio management and prudent decision making, reflecting mature and disciplined policies.
He noted that the Fund has strengthened its holdings in several strategic listed companies on the Amman Stock Exchange, guided by a measured approach based on thorough evaluation and well-studied opportunities that enhance value and reinforce the Fund’s long-term position. This approach, he said, reflects confidence in Jordan’s capital-market outlook and underscores the Fund’s commitment to institutional investment practices that balance return and sustainability.
Kanakrieh also highlighted the Fund’s expanding activity in the real-estate sector, including the acquisition of strategically located lands and the signing of long-term lease agreements with local investors under the Build-Operate-Transfer (BOT) model. These initiatives, he explained, stimulate economic activity, create jobs across governorates, and enhance both the value and sustainability of the Fund’s asset base.
He added that these efforts reaffirm the Fund’s role as a national institutional investor dedicated to safeguarding the savings of Jordanians while achieving sustainable returns
The Social Security Investment Fund will continue to implement its long-term investment strategy, guided by an institutional approach that combines efficiency and sustainability, and enhances its enduring contribution to Jordan’s economic and social progress and development.
القصة المأساوية وراء أشهر الصور في العالم.. مشهد نسر يتربص بطفل جائع حتى الموت