«on the Company s»:

EFG Hermes Completes Advisory on USD 150 Million IPO of Miahona on the Saudi Exchange

EFG 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 its advisory on the USD 150 million initial public offering (IPO) of Miahona، one of the first developers of water and wastewater infrastructure under the public-private partnership (PPP) in the Kingdom of Saudi Arabia and a leader in water cycle management، on the Saudi Exchange. EFG Hermes acted as the Joint Financial Advisor، Bookrunner، and Underwriter on the transaction.  Miahona offered a total of 30% of its total issued share capital through the sale of 48،277،663 existing ordinary shares at SAR 11.5 per share، implying a market capitalization of SAR 1.845 billion...


EFG Hermes Concludes Advisory on Hermes Securities Brokerage Company’s (HSB) Fifth، EGP 600 Million Senior Unsecured Short-Term Note Issuance

 EFG 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 has successfully closed the issuance of a senior unsecured short-term note for the Hermes Securities Brokerage Company (HSB)، a wholly owned subsidiary of EFG Holding، in an EGP 600 million transaction. This marks the fifth issuance for the company and the second in an approved two-year program worth EGP 2 billion.  The national scale long-term senior unsecured entity rating of "BBB+" with a Stable Outlook and the short-term senior unsecured issuer rating of "P2" to HSB have been affirmed by the Middle East Ratings and Investor Services (MERIS). The 12-month bullet note will have...


GE Vernova Completes Spin-Off and Begins Trading on the New York Stock Exchange

GE Vernova (NYSE: GEV) announced today that its spin-off from GE (NYSE: GE) is complete and it will begin trading as an independent company on the New York Stock Exchange (NYSE) under the ticker symbol “GEV,” effective at the market opening today. In a first for the NYSE, GE Vernova and GE Aerospace, which also launches as an independent company today, will ring the opening bell together at 9:30 AM ET.“Today, GE Vernova becomes an independent company singularly focused on accelerating the energy transition to create a more sustainable future,” said Scott Strazik, CEO of GE Vernova. “Our Power, Wind, and Electrification segments provide essential products and services to the electric power industry as we work to meet the growing...


EFG Hermes Concludes Advisory on Cenomi Retail’s Sale of a Portfolio of Fashion Brands to Abdullah Al-Othaim Fashion

 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 merger and acquisition (M&A) deal for Cenomi Retail، the largest franchise retailer in the Kingdom of Saudi Arabia. The retail giant has agreed to sell a select portfolio of brands to Abdullah Al-Othaim Fashion Company، a fully owned subsidiary of Abdullah Al-Othaim Investment Company. As part of the agreement، Cenomi Retail had reached a definitive share purchase agreement with Abdullah Al-Othaim Fashion Company for the acquisition of 100% of the share capital of Innovative Outfit Trading Company، a Cenomi Retail subsidiary holding the franchise rights for the 16 brands involved in the deal in December 2023، which closed...


EFG Hermes Completes Advisory on USD 315 Million IPO of Dubai Taxi Company on the DFM

 The transaction comes as the Firm’s eighth advisory role on an IPO in the GCC region in 2023. EFG Hermes، the leading investment bank in Frontier and Emerging Markets (FEM)، announced today that its investment banking division successfully completed its advisory on the USD 315 million initial public offering (IPO) of Dubai Taxi Company (DTC)، a leading provider of comprehensive mobility solutions in Dubai، on the Dubai Financial Market (DFM). EFG Hermes acted as Joint Bookrunner on the transaction.DTC offered a total of 24.99% of its total issued share capital through the sale of 624،750،000 existing shares at AED 1.85 per share – implying a market capitalization of AED 4.6 billion (USD 1.26 billion). The IPO was met with a robust AED...


EFG Hermes Concludes Advisory on USD 625 Million Acquisition of 30% of Eastern Company to UAE-Based Global Investment Holding Ltd

 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 Hermes Successfully Completes Advisory on Landmark SAR 4.572 billion (USD 1.219 billion) IPO of ADES Holding Company (ADES) on the Saudi Exchange

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...


EFG Hermes Concludes Advisory on USD 290 Million IPO of Lumi Rental Company on the Saudi Exchange

 The IPO marks a significant milestone in Lumi Rental Company’s growth journey and showcases EFG Hermes' commitment to facilitating landmark transactions in the KingdomRiyadh، September 25، 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 USD 290 million initial public offering (IPO) of Lumi Rental Company، one of the leading car rental and leasing companies in the Kingdom of Saudi Arabia. EFG Hermes acted as joint bookrunner on the IPO. Lumi Rental Company offered a total of 30% of its total issued share capital، equivalent to 16،500،000 shares، at SAR 66 per share، implying a market capitalization of SAR 3.63 billion. The IPO witnessed a...


Al-Mashat and medicines... Houthi lies on the air / checking information

About 40 years before the Houthi leader Mahdi Al-Mashat spoke and claimed to produce medicines, the Yemeni Company for Pharmaceutical Manufacturing and Trade (YEDCO) in northern Yemen was sending its medicine products to the markets in September 1983, as a national joint-stock company whose production volume grew annually to reach 81 types according to the latest data. Open company.About 30 years before Al-Mashat’s allegations about the production of medicines, 4 private sector production companies had begun producing 850 types of medicines. In fact, two of these companies, namely (Saba Pharma and Shafaco), had their products reach the markets of more than 20 Arab and African countries, including United Arab Emirates, Saudi Arabia, Sultanate of Oman, Bahrain, Jordan, Iraq, Libya, Sudan,...