2024-12-19@03:56:26 GMT
إجمالي نتائج البحث: 14
«EFG Holding»:
EFG Holding Achieves Consistent Growth with Strong Results for the Third Consecutive Quarter of 2024
Despite market challenges، 3Q2024 Group revenue increased by 68% Y-o-Y، reaching EGP5.0 billion driven by robust performance across all verticals and lines of business. EFG Holding reports a net profit after tax and minority interest of EGP697 million in 3Q2024، reflecting a 76% Y-o-Y increase. EFG Holding، a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA)، announced today its results for the third quarter of 2024. Group revenues continued to surge for the third consecutive quarter، reaching EGP 5.0 billion، a 68% increase Y-o-Y driven by significant growth across its verticals، the Investment Bank (EFG Hermes)، the NBFIs (EFG Finance)، and the Commercial Bank (Bank NXT). The Group’s total operating...
EFG Holding، a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA)، announced today its results for the second quarter of 2024. The Group’s revenues surged 63% Y-o-Y to EGP 5.1 billion، particularly bolstered by strong revenues generated from the Investment Banking division، in addition to growth recorded by the rest of the Group’s core lines of business. This resilient performance was driven by the Group’s different verticals، the Investment Bank (EFG Hermes)، the NBFIs (EFG Finance)، and the Commercial Bank (aiBANK)، all posting strong growth Y-o-Y in 2Q24. The Group’s net profit after tax and minority interest rose 95% Y-o-Y to reach EGP 791 million in 2Q24.The...
EFG Hermes acted as the sole financial advisor on the transaction، which is set to create a new powerhouse in the Saudi auto industry.Riyadh، July 21، 2024EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)،announced today that its investment banking division successfully completed advisory for United International Transportation Company، or Budget Saudi’s USD 121 million acquisition of Al-Jazira Equipment Company، known as AutoWorld، a SEDCO Holding-owned vehicle leasing company.EFG Hermes was appointed as the sole financial advisor on the transaction by Budget Saudi.Budget Saudi is acquiring 100% of AutoWorld by issuing 7.0million new shares to its owner، SEDCO Holding، one of the leading Saudi family offices and institutional investors. The...
EFG Hermes، an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region، announced today that its Investment Banking Division successfully concluded advisory to UAE’s Electra Investment Holding on the USD 449 million acquisition of 19.98% in Elsewedy Electric، a regional leader in the production and provision of comprehensive energy and infrastructure solutions. EFG Hermes acted as the sole financial advisor to Electra Investment Holding in the acquisition.Electra successfully submitted its Voluntary Tender Offer to acquire up to 24.5% of Elsewedy Electric at a purchase price of USD 1.05 per share. This move successfully resulted in Electra securing 19.98% of Elsewedy Electric’s total outstanding share، marking another landmark acquisition that EFG Hermes has...
EFG Hermes، an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region، announced today that its investment banking division successfully concluded a landmark USD 935 million Accelerated Equity Offering (AEO) for ADNOC Drilling Company PJSC ("ADNOC Drilling")، the biggest of its kind in the UAE. Placement constitutes a sale of 880 million shares priced at AED 3.90، representing 5.5% of ADNOC Drilling’s total share capital. ADNOC will continue to retain a majority 78.5% shareholding in the Company. EFG Hermes acted as a Joint Global Coordinator and Joint Bookrunner for the Offering. This transaction signifies a major achievement for EFG Hermes، showcasing the company's increasing expertise and knowledge in regional capital markets، particularly highlighting its strong distribution...
Reporting a profit of EGP 1.8 billion، marking a remarkable 110% year-over-year increase in the first quarter of 2024. Through open market transactions، the Board has approved the repurchase of 25 million shares، equivalent to 1.7% of the company's outstanding shares.EFG Holding، a trailblazing financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA)، announced today its robust results for the first quarter of 2024. The Group’s revenues surged 92% year-on-year to EGP 8.6 billion، driven by the exceptional operational performance across its different business lines coupled with the EGP's devaluation. Excluding holding and treasury activities (including FX gains، among others)، revenues in both periods would show a 70% year-over-year increase،...
EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that it concluded advisory on a EFG Hermes Successfully Concludes Advisory on the Demerger of Al Arafa for Investment and Consultancies S.A.E into Concrete Fashion Group for Commercial and Industrial Investments (Concrete) and Gtex for Commercial and Industrial Investments (Gtex).In a bold strategic move، the recent demerger aimed to carve out the essence of style and industry prowess، housed within Concrete، from the array of strategic investments held by Gtex. This pivotal decision was fueled by a collective vision to sharpen management focus on every facet of the business، empowering both entities to soar to new heights of performance. By fostering specialized management...
Revenue Growth Reported by the Three Verticals Underpinned the Group’s Net Profit After Tax and Minority Interest، Up 39% Y-o-Y to Reach EGP 2.5 Billion EFG Holding، a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA)، announced today its results for the full year ended 2023. The Group booked its highest-ever recorded revenues of EGP 14.7 billion، representing a 34% Year-on-Year growth، fueled by the stellar performance of its Investment Bank’s (EFG Hermes) sell-side and buy-side، Valu، and its commercial bank arm، aiBANK. EFG Holding operating expenses rose 35% Y-o-Y on higher employee expenses and other G&A، particularly at EFG Hermes، followed by aiBANK، and higher provisions and...
EFG Finance، the non-bank financial institutions (NBFI) arm of EFG Holding، announced today that it has obtained the required license from the Financial Regulatory Authority (FRA) to introduce its newest subsidiary that will provide financial services tailored for small and medium enterprises. The company is poised to complement EFG Finance's core offering by catering to the financing needs of small and medium-sized enterprises (SMEs) in Egypt. The new venture is anticipated to be launched in the second quarter of this year. With this new venture، the financial institution seeks to bridge the gap in its product offering، targeting businesses that fall between the micro and small enterprises supported by Tanmeyah and larger enterprises served by EFG Corp-Solutions. The new platform will...
The acquisition is one of the flagship M&A deals in the state’s privatization program، which aims to attract FDIs and grow the private sector’s participation in the economy.Cairo، November 16، 2023EFG Hermes، the leading investment bank in Frontier and Emerging Markets (FEM)، announced today that it successfully concluded advisory to UAE investment firm Global Investment Holding Ltd on the USD 625 million transaction، which involves the acquisition of 30% in the Egyptian tobacco giant Eastern Company from Egypt’s state-owned Chemical Industries Holding Co. (CIHC) which was approved by the cabinet on the 3rd of September 2023. EFG Hermes acted as the sole financial advisor to Global Investment Holding Ltd in the acquisition. Maged El Ayouti، Managing Director and Deputy Head of...
EFG Holding، a financial institution with a universal bank in Egypt and a leading investment bank in Frontier and Emerging Markets (FEM)، announced today strong financial performance for the third quarter of 2023. The Group booked a robust revenue increase of 27% Y-o-Y to EGP 3.0 billion، with strong contributions from its Investment Bank arm، EFG Hermes، and its commercial bank arm، aiBANK. Although operating expenses، including provisions and Expected Credit Losses (ECL)، rose 22% Y-o-Y to EGP 2.0 billion in 3Q23، the Group's net operating profit soared to EGP 1.0 billion، reflecting an impressive 40% Y-o-Y increase. The Group's net profit after tax and minority interest amounted to EGP 395 million، a notable 24% Y-o-Y growth.Commenting on the performance،...
The financing transaction، which will be directed to accelerate the construction of its flagship development، O West، is a continuation of a series of landmark advisory transactions successfully concluded for ODE over the past few years.Cairo، 5 November 2023 EFG Hermes، the leading investment bank franchise in Frontier and Emerging markets (FEM)، announced today that its investment banking division has successfully completed advisory for Orascom Development Egypt’s (ODE) subsidiary Orascom for Real Estate S.A.E (ORE) for a syndicated ten-year loan agreement of EGP 6.0 billion، to finance its leading project in Cairo - O West. EFG Hermes acted as the sole financial advisor، lead manager، and bookrunner for ORE. This transaction marks an important milestone in the development cycle of the O...
The transaction marks the Firm’s second advisory role on an IPO on the Saudi Exchange this month، showcasing its dedication to the Kingdom’s burgeoning investment market.Riyadh، October 11، 2023EFG Hermes، the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced today that its investment banking division successfully completed advisory on the landmark SAR 4.572 billion (USD 1.219 billion) initial public offering (IPO) of ADES Holding Company (ADES)، a leading oil and gas drilling and production services provider in MENA، on the Saudi Exchange. EFG Hermes acted as Joint Financial Advisor، Global Coordinator، Bookrunner، and Underwriter on the transaction.ADES Holding Company offered a total of 30% of its total issued share capital through the sale of a mix of...
Group revenues booked a solid increase of 51% Y-o-Y to EGP 3.1 billion، coupled with 37% Y-o-Y growth in net profit before tax to EGP 842 million in 2Q23.Cairo، August 10، 2023EFG Holding، the leading financial institution with a universal bank in Egypt and the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced today its results for the second quarter of 2023. The Group booked a robust revenue increase of 51% Y-o-Y to EGP 3.1 billion on the back of broad-based growth across the Investment Bank (EFG Hermes)، the commercial bank (aiBANK)، and the Non-Bank Financial Institutions (NBFIs) platform (EFG Finance) in 2Q23. Moreover، despite a 53% Y-o-Y rise in Group operating expenses، EFG Holding’s operating profit...
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