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EFG Hermes plans to increase capital by EGP 391.83m
Investment bank operates in eight Arab countries
From project announcements to attendance, EFG Hermes Research offers insight into how to judge the government’s unprecedented bid to thrust Egypt back into the global investment spotlight.
Investment minister said government is currently working on resolving five investment disputes
Event gathers government officials, investors and senior managers from over 100 MENA companies
Qalaa Holding Company aims to increase capital to EGP1.8bn, in return for share swapping of partners stocks in subsidiaries and sister companies
Qalaa seeks to generate $300m from projects’ exits
Bank apparently refused in August to fund development of Sharm El-Sheikh Airport
Bank remains committed to business growth in Egypt, despite tough economic circumstances
Egyptian market is, however, the most attractive in the Arab world due to potentially high returns on investments
EFG-Hermes Chairperson Mona Zulfikar said her company seeks, through scientific and field studies, to develop the neediest areas in Egypt by combating poverty, developing health care, education, housing, water, and sanitation.
The investment bank registers a 46% increase in annual operating profits to EGP 247m
Listing will take place in 2015 with EGP 2bn in revenues anticipated, chairman says
Deal is EFG Hermes’s second investment in green energy in last 12 months
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.
Food industry likely to be the first to have an IPO, says Karim Awad
Investment bank EFG Hermes makes EGP 20m donation to the fund
The alliance says deal will bring $230m in foreign investments.
EFG-Hermes stated that the evaluation of the IFA was “fair and unbiased”
Sawiris-led Alliance purchasing 20% stake in Hermes from shareholders remains committed even if shares restricted from sale during first year
EFG-Hermes announced Wednesday that it appointed investment bank HC Securities and Investment as financial adviser to deal
The Egyptian authority has been assessing the documents submitted by the alliance
Less than one week after Abdel Fattah Al-Sisi’s presidential victory, Sawiris family announces second investment
Company will announced IPO price next week
Reuters – Dubai-based real estate investment trust Emirates REIT said it had expanded the size of its initial public offer of shares on NASDAQ Dubai, the emirate’s first IPO since its financial crisis erupted in 2009, because of strong demand. Emirates REIT will raise $175m in the IPO, which was 3.5 times oversubscribed, by selling …
Reuters – The Cairo bourse, which dropped 2.7% last Thursday after Sisi said he would run for president, fell a further 1.9% on Sunday to trim 2014 gains to 19%. But there were signs the correction was slowing and the market closed above the intraday low. “Towards the end of today we saw a bit …
The construction company said on Sunday that it had agreed with the Egyptian army to build the homes at 13 locations around the country on land provided free by the armed forces, which own a large amount of financial assets and real estate.
Analysts expect EFG Hermes shares to maintain their upward trend in the three upcoming sessions, to reach nearly EGP 12. This comes after the board’s approval of the plan to acquire treasury shares for EGP 1bn at a minimum price of EGP 11.5 per share. The share featured a 10% upward movement during last Thursday’s …
Minister Ahmed Galal discussed in a conference call with EFG-Hermes the government’s plans to boost economy and encourage investors
All necessary regulatory approval gained before termination date of 4 May, except EFSAs