• Thursday, 18 November 2021

    Earnings Watch: EFG Hermes, Orascom Construction report 3Q2021 results

    EFG Hermes’ net income dropped 16% y-o-y to EGP 356 mn in 3Q2021, according to its quarterly earning release (pdf). The financial services group’s revenue fell 17% to EGP 1.2 bn during the quarter mainly due to an unfavorable base...
  • Wednesday, 3 November 2021

    NTRA slaps telcos with fines for poor quality

    NTRA slaps telecom companies with EGP 25 mn in fines for subpar quality: The National Telecommunications Regulatory Authority (NTRA) has handed out EGP 25 mn in fines to telecom companies after their voice call services failed to meet the required...
  • Thursday, 28 October 2021

    EFG’s Valu + three Egyptian solar companies get nods

    Three Egyptian companies made it onto Forbes’ 10 Sustainable Companies in MENA list: Solar EPC and financing company Cairo Solar, recycling and waste disposal company Egyptian Company for Solid Waste Recycling and solar distributor KarmSolar.EFG Hermes’ consumer finance arm Valu...
  • Thursday, 14 October 2021

    EFG, Hassan Allam, Khazna all get a round of applause

    KUDOS-We said earlier this week that it is never too late to start something new — or even start over. In that vein: Big kudos to reader Ehab Mikhael from ADM, who wrote in to let us know that he...
  • Wednesday, 15 September 2021

    Suez Canal Bank and AAIB submit offers for 90% of Valu’s maiden securitized bond issuance

    Two banks want almost all of Valu’s securitized bond issuance: The Suez Canal Bank and the Arab African International Bank (AAIB) are looking to snap up almost 90% of the EGP 323 mn maiden securitized bond issuance by EFG Hermes’...
  • Tuesday, 14 September 2021

    Valu kicks off EGP 2 bn securitization program + Fawry eyes consumer finance space

    EFG Hermes’ consumer finance subsidiary Valu has kicked off its EGP 2 bn securitization program with a EGP 323 mn bond issuance, according to a statement (pdf) yesterday from the financial services corporation, whose advisory arm managed the issuance. The...
  • Thursday, 2 September 2021

    Kudos: Egyptian companies recognized in fintech, banking sectors

    Our friends at CIB and Elsewedy Electric topped the list of nominees at this year’s Institutional Investor Best Practice awards. The two are nominated for the grand prix (ie: regional award) as leading corporations for investor relations in the Middle...
  • Sunday, 22 August 2021

    Valu plans maiden securitized bond offering

    Valu is getting into securitization: EFG Hermes subsidiary Valu is planning a maiden securitized bond issuance worth EGP 2 bn, EFG Hermes Finance CEO Walid Hassouna told Al Mal TV (watch, runtime 1:06:43). The consumer finance lender could kick start...
  • Sunday, 8 August 2021

    Corps-Solutions plans EGP 500-700 mn securitized bond sale in 4Q2021

    Corps-Solutions securitized bond sale could reach EGP 700 mn: EFG Hermes Corp-Solutions plans to raise EGP 500-700 mn from a securitized bond issuance in 4Q2021, CEO Talal Elayat told Hapi Journal. The non-banking financial services player is currently in negotiations...

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Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.