EFG Foundation for Social Development (EFG Foundation), a non-profit, non-governmental organization dedicated to sustainable, high-impact development initiatives, is proud to announce that it has successfully completed two major initiatives to enhance dialysis care at Minia University Hospital. These projects, executed through strategic partnerships with Minia University, address the region's critical shortage of dialysis services, benefiting both pediatric and adult patients.
Tanmeyah, a subsidiary of EFG Holding and a leading provider of financial services in Egypt with a concerted focus on microfinance enterprise segments, announced today a partnership with TotalEnergies Marketing Egypt a Joint Venture between TotalEnergies and ADNOC Distribution. The partnership will revolutionize access to vehicle operational expenses, such as fuel, lubricants, and car wash services for drivers. This collaboration will enhance businesses by offering seamless, affordable solutions for vehicle operation.
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 2024. The Group booked its highest-ever recorded revenues of EGP 24.4 billion, representing a remarkable 66% Year-on-Year growth, underpinned by increasing revenues reported by all lines of business of the Group, EFG Hermes, the investment bank vertical, followed by Bank NXT, the commercial bank vertical, and EFG Finance, the Non-Bank Financial Institutions (NBFI) vertical.
EFG Holding S.A.E. (EFG Holding), a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA), disclosed today that its Board of Directors has passed several resolutions regarding the listing of U Consumer Finance S.A.E. ("U"), known by its brand name Valu, on the Egyptian Exchange (EGX)
Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, has announced the signing of a cooperation protocol with Tomorrow Solar, a company specializing in solar energy, to finance the establishment of solar power stations for the bank’s residential sector customers. This partnership aligns with the bank’s commitment to supporting the transition to renewable energy and promoting environmental sustainability, which is in line with Egypt’s Vision 2030 and the Sustainable Development Goals.
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 333 million initial public offering (IPO) of Asyad Shipping Company, one of the world’s largest diversified maritime providers and a global leader in deep sea transportation, on the Muscat Stock Exchange (MSX).
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 163 million initial public offering (IPO) of Alpha Data, one of the leading digital transformation providers & system integrators in the UAE, on the Abu Dhabi Securities Exchange (ADX).
EFG Finance, an EFG Holding company and its non-bank financial institution's arm, has announced its strategic divestment from PayTabs Egypt as part of its ongoing initiative to streamline operations and achieve greater efficiencies across its portfolio. EFG Finance will sell its 51% stake in PayTabs Egypt to PayTabs Global for an undisclosed amount, which is not expected to have a material impact on the Group’s financial position.
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 that it has achieved ISO 20000 certification, the globally recognized standard for IT Service Management (ITSM). This prestigious certification underscores EFG Holding’s unwavering commitment to providing exceptional service to its customers and investors through the implementation of industry best practices in IT
Valu, MENA’s leading universal financial technology powerhouse, announced today that it has finalized its 14th securitized bond issuance, worth EGP 463.3 million, with EFG Hermes, an EFG Holding company and the leading Investment Bank in the Middle East and North Africa (MENA). The issuance is the fourth under the newly approved securitization program, which is worth a total of EGP 16.0 billion.
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