Latest in Tag: hermes Highlight
Latest in Tag: hermes
Hermes topped stockbrokers in November with a turnover of EGP 8bn
The International Commercial Securities came in second place with a rate of 10.5%, then the Financial Group for Brokerage in Securities with a turnover of EGP 7.9bn and a trading volume of 1.1 billion shares.
Hermes UAE chosen to coordinate global IPO of Taaleem Holding Group on Dubai Financial Market
The group seeks to raise about AED 750m from the offering and will use the proceeds from the offering mainly to expand the category of the K-12 premium sector (from kindergarten to high school) through the expected development of four new distinguished schools in distinct locations in Dubai and Abu Dhabi.
Hermes aims to complete 5 offerings on Gulf stock markets during 2022
Securitization of future rights to “Sera” to be completed within two months
Hermes Financial Solutions aims to issue EGP 2.5bn worth securitized bonds
Total financing portfolio for financial leasing, factoring amounts to EGP 8.2bn: Al-Ayat
Hermes gives FAB green light to start due diligence
The company chose Goldman and Sachs and White & Case as its financial and legal advisers, respectively
Hermes predicts favourable Egyptian investment climate after boosting bank regulations
Banking sector is Egyptian economy’s ‘main guardian’, says Colliers International Country Director
Timing in Egypt is right for IPOs: Financial Regulator
Total of 4 insurance companies have applied for property insurance licence, said FRA Vice-President
Hermes concludes 1st issuance of Amer Group, Porto, Qasatli securitisation programme
EFG Hermes announced, on Tuesday, that the first issuance of a securitisation programme worth a total of EGP 6.5bn for Amer Group, Porto Group, and Qasatli, has been successfully concluded. The financial services company acted as sole arranger and financial advisor on the EGP 700m issuance, which was covered more than one time. It is …
Financial Group tops Egyptian brokerage ranking in 2020
Pioneers Securities aims to open new branch in Fifth Settlement during H1 of 2021, says Managing Director
Hermes leads brokerage ranking in November with EGP 7.4bn trading value
Pharos Securities fell to third place, with a market share of 5.9%, and transactions amounting to EGP 4.1bn. Beltone Securities Brokerage came in fourth, with a market share of 4.9% and a trading value of EGP 3.4bn.
CIRA to offer EGP 600m Sukuk in December, with Hermes acting as issuance manager
The sources said that the company is currently completing the offering documents with the Financial Regulatory Authority (FRA). CIRA aims to complete the offering before the end of the year, to finance its expansion in the field of education.
Hermes tops August brokerage transactions with EGP 5bn, 15% market share
Major change in August ranking was Mubasher International’s entry to top 10 list, at expense of Naeem Research which came in 11th place
Beltone holds 38.8% of asset management market, Hermes manages largest number of funds
Arab African International Securities targets EGP 7bn in managed assets by year-end
TMG enters strategic alliance in education sector with Hermes, GEMS
EFG Hermes will finance equity component of transaction on its own balance sheet
Unemployment rate declines to 12.4% during Q4 2016
The rate will witness further decline during 2017/18: EFG Hermes expert
ADES to register in London Stock Exchange, Hermes possible IPO manager
Baker McKenzie and White & Case are legal advisers
Hermes to cover 50% of Vortex acquisition of solar projects
EFG-Hermes intends to play the role of initial public offering (IPO) underwriter for a 50% ratio of the capital of the agreement entered into by Vortex Company to acquire various solar power projects owned by Terra Form Power in the United Kingdom at a value of £470m. EFG-Hermes will retain 5% of the value of …
Misr Financial Investments Company contracts with Hermes, HSBC to offer its Banque du Caire share on EGX
The company will remain the owner of the ruling share in the bank after the offering, says prominent banker
EGX targets breaking last week’s resistance level of 7,650 points
The EGX kept moving upwards during last week, registering a 1.76% rise as it increased from 7,453.1 points to 7,618 points.
Hermes promotes IPO of Domty in US, UK, South Africa, Gulf markets
EFG Hermes One-on-One Conference, research sector begins initial promotion among international financial institutions
LE 1.2bn estimated value of Domty IPO: Sources
Arabian Food Industries Company Domty announced today the offering of up to 122,500,000 existing ordinary shares representing 49% of the company’s outstanding share capital listed on the Egyptian Exchange (EGX) currently owned by the selling shareholders.
EFSA grants Hermes, HDB, Wadi Degla financial leasing licences
Many banks, in coordination with the authority, consider establishing financial leasing companies
Karim Awad optimistic about economic climate despite challenges
Awad explained that this is the first time in which non-registered companies will participate in company activities following the return of the tender market at the local and regional level.
Hermes allocates EGP 50m for development projects in Upper Egypt, 20m for ‘Long Live Egypt’ fund
Investment bank EFG-Hermes Financial has allocated EGP 50m for its sub-organisation Hermes Foundation for Social Development in order to pursue development projects in several villages in Upper Egypt beginning early 2015, according to the bank’s timetable for implementation. The project aims to provide services to 30,000 citizens. Mona Zulfikar, chairwoman of the board of trustees …
Beltone refuses sale rate offered from Hermes
Curtain draws on Beltone-Sawiris deal to purchase 20% stake in Hermes after alliance purchased only 9% of shares
Sawiris-Beltone deal only succeeds in purchasing 9% of EFG Hermes, falling short of 20% target
54.4m shares purchased represent less than 9% of total Hermes shares
Sawiris-Beltone 20% acquisition of Hermes will not be implemented ‘chaotically’: EFG Hermes Chairman
Head of EFSA says oversight body is currently studying documents submitted to implement the deal
EFSA requests further clarification in Hermes bid
Hermes appoints financial advisor to assess share value in Sawiris purchase offer, financial oversight body asks for clarifications
EFG seeks to increase assets under management in Egypt
Reuters – EFG Hermes, one of the largest investment banks in the Middle East, is seeking to expand its assets under management in Egypt by 25% this year, a senior executive said on Tuesday. Nabil Moussa, head of asset management for EFG in Egypt, told reporters that of the $3bn in assets the bank manages …
EFG Hermes appoints Khalid Ellaicy as CFO
EFG also said it had recently acquired a 65 percent stake in Credit Libanais as it seeks to expand into retail and commercial banking.