EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced that EFG Holding, in collaboration with Vlens, has received initial approval from the Financial Regulatory Authority (FRA) to join the FRA Sandbox with its NFC ePassport Digital Identity Verification Platform for Foreign Nationals. The solution will be made available through EFG Hermes ONE, further advancing the platform’s digital capabilities and supporting a more seamless onboarding experience for foreign investors.
Valu, MENA’s leading universal financial technology company, announced today that its board and nomination and remuneration committee have renewed the contracts of Walid Hassouna, Founder and CEO of Valu, and the members of Valu’s Executive Committee for a further three-year term.
Valu, the leading universal financial technology powerhouse in the Middle East and North Africa (MENA), announced today a strategic partnership with AXA Egypt, a global insurance leader. This collaboration introduces a comprehensive Credit Life insurance policy, effective immediately, designed to protect Valu's expansive portfolio of over 500,000 existing customers and secure outstanding balances exceeding EGP 13 billion.
Valu, the leading universal financial technology powerhouse in the Middle East and North Africa (MENA), has announced a new strategic partnership with Majid Al Futtaim, enabling customers to enjoy flexible payment plans across VOX Cinemas, Magic Planet, and Ski Egypt.
Valu, the leading universal financial technology powerhouse in the Middle East and North Africa (MENA), announced today the successful completion of its first-ever corporate bond issuance, with a total value of EGP 1 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), reported a steady performance against a backdrop of geopolitical uncertainty, regional market volatility, and continued macroeconomic pressures. Group revenues increased 7% year-on-year to EGP 6.5 billion in 2Q 2026, supported by continued growth at Bank NXT and EFG Finance, which helped balance a softer quarter at EFG Hermes.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa, announced today that its Investment Banking division acted as sole financial advisor to eFinance for Digital and Financial Investments S.A.E. (“eFinance” or the “Group”) on its proposed full acquisition of Tamweely Financial Services (“Tamweely”), a leading Egyptian non-bank financial services provider focused on micro, small, and medium-sized enterprises (“MSMEs”).
iExperts, a leading cybersecurity, consulting, and compliance services provider, and Valu, the leading universal financial technology powerhouse in the Middle East and North Africa (MENA), announced that Valu has successfully passed the first surveillance audit for its ISO/IEC 27001 Information Security Management System (ISMS) and ISO/IEC 27701 Privacy Information Management System (PIMS) certifications, reaffirming the continued validity of both certifications for the second consecutive year.
Valu, the leading universal financial technology powerhouse in the Middle East and North Africa (MENA), and IKEA Egypt have announced the renewal of their partnership for an additional two years, marking a new chapter in their successful collaboration, with Valu becoming IKEA Egypt’s exclusive flexible payment provider for the first time. The renewed partnership strengthens the two companies’ shared commitment to making home furnishing more affordable and accessible for consumers across Egypt.
Valu, leading universal financial technology powerhouse in MENA, announced today its results for the first half ended June 30, 2026, demonstrating robust financial and operating momentum that anchored its market leadership. The company reported gross revenues of EGP 3.2 billion, a 29% year-over-year (Y-o-Y) expansion, while net income climbed 43% Y-o-Y to reach EGP 486 million.
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