Abu Dhabi Commercial Bank – Egypt (ADCB Egypt), a subsidiary of ADCB Group, one of the UAE’s leading banks, announced today that it has entered into a strategic partnership with EFG Hermes, an EFG Holding company, and the leading investment bank in the Middle East and North Africa (MENA), to launch the bank’s first mutual fund in the Egyptian market.
Valu Jordan, a leading fintech platform in the Middle East and North Africa, has signed a strategic partnership agreement with Middle East Payment Services (MEPS), Jordan’s leading digital payments infrastructure provider and the backbone of the Kingdom’s national payments ecosystem; and PayTabs Group, MEPS’ global payment solutions partner and MENA’s premier provider of payment orchestration infrastructure.
The EFG Foundation for Social Development (EFG Foundation), a non-profit, non-governmental organization dedicated to driving sustainable, high-impact development initiatives, today announced a joint contribution with Bank NXT Foundation and Valu to expand the care capacity of Ahl Masr Burn Hospital through a targeted donation of medical equipment and infrastructure.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa, announced today the successful closing of an EGP 5.1 billion corporate bond issuance for EFG Corp-Solutions, EFG Finance’s leasing and factoring arm.
Valu, a leading universal financial technology powerhouse in MENA, has announced the appointment of Odeh Al-Fakhouri, a Jordanian national team player and player for Egypt’s Pyramids FC, as its brand ambassador in Egypt and Jordan. This partnership underscores Valu’s commitment to supporting regional talent and investing in the future of sports across the MENA region.
The EFG Foundation for Social Development (EFG Foundation) and Bank NXT Foundation for Community Development have renewed their partnership with Magdi Yacoub Heart Foundation to continue supporting the training and qualification of nurses at Aswan Heart Centre (AHC), who work across both Aswan Heart Centre and Magdi Yacoub Global Heart Centre in 6th of October City, reinforcing a shared commitment to stronger cardiac care across Egypt and a more capable healthcare system nationwide.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today the successful conclusion of its advisory role for PIF’s Saudi Omani Investment Company (SOIC) as Sole Global Coordinator on the First Accelerated Bookbuild (ABB) in Oman. The ABB involved a share sale of SOIC’s stake in OQ Base Industries (OQBI), Oman’s only integrated methanol, ammonia & LPG Producer. The transaction involved the placement of 127,136,289 shares, representing a total value of USD 92.5 million on behalf of the SOIC, a PIF-wholly owned company.
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 start to the year, with Group revenues rising 18% year-on-year (Y-o-Y) to EGP 6.6 billion, supported by solid performance across all three verticals.
EFG Hermes, an EFG Holding company, and the leading investment bank in the MENA region, today launched its Investor Day at the Abu Dhabi Securities Exchange (ADX) in strategic partnership with ADX, bringing together senior executives from a prominent list of leading ADX-listed companies and a select group of regional and international institutional investors.
EFG Hermes, an EFG Holding company and the leading investment bank in the MENA region, concluded the Saudi Capital Market Investor Conference in a formal partnership with the Saudi Exchange (Tadawul) which Convened against the backdrop of heightened regional geopolitical tensions, the conference which took place from May 17-19th brought together prominent institutional investors and top-tier Saudi-listed companies to affirm investor confidence and demonstrate the enduring resilience of Saudi’s capital markets in the face of material external pressures.
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