EFG Hermes Holding Concludes aiBANK Acquisition

The Firm is now a universal bank in Egypt with a market-leading investment banking platform in frontier emerging markets (FEM)   EFG Hermes Holding informed shareholders today that it has completed its transformation into an Egyptian universal bank with a market-leading frontier emerging markets (FEM) investment banking platform. The news comes as the Firm has finalized its acquisition of a 51% stake in the Arab Investment Bank (aiBANK), marking a strategic entry into the fast-growing and solid Egyptian commercial banking sector. The transaction will see EFG Hermes Holding assume control of aiBANK, with TSFE Financial Services & Fintech Subfund, a … Continue reading EFG Hermes Holding Concludes aiBANK Acquisition

Response Plus Holdings PJSC Reports Impressive 3rd Quarter 2021 Financial Results

Gross Profit recorded at AED 60.1 million with achieved revenue of AED 197.7 million over the first nine months of 2021 Response Plus Holding PJSC (RPM), UAE’s largest provider of on-site healthcare management reports an impressive Q3 performance for the period ending September 2021. The company, a unit of ADX-listed Alpha Dhabi (subsidiary of International Holding Company ‘IHC’) has reported a net profit at AED 40.1 million for the 1st three quarter reflecting a year-on-year growth of 817% which is the outcome of the of the transformative changes incorporated this year. The dynamic team at RPM achieved a revenue of … Continue reading Response Plus Holdings PJSC Reports Impressive 3rd Quarter 2021 Financial Results

Institutional Investors Poll 2021 Names EFG Hermes Research Top Frontier Research House, #2 MENA Research House for Fourth Consecutive Year

EFG Hermes, the leading financial services corporation in frontier emerging markets (FEM), announced today that its Research Division has been named the top frontier research house and the second-best in the MENA region for the fourth consecutive year in the Institutional Investor Poll 2021. It was also ranked 7th in the Emerging EMEA space.   EFG Hermes analysts dominated the rankings, with five of the top 16 MENA analysts and three of the top five frontier analysts coming from the Firm. “I’m incredibly proud of the work the team has put in to solidify our offerings, which has allowed us … Continue reading Institutional Investors Poll 2021 Names EFG Hermes Research Top Frontier Research House, #2 MENA Research House for Fourth Consecutive Year

EFG Hermes delivered a second consecutive quarter of stellar performances across its operations and recorded a 20% Y-o-Y increase in revenues in 2Q21

The Group’s bottom-line maintained its upward trajectory and booked a solid 24% Y-o-Y increase to EGP 406 million in 2Q21 EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), reported today its second quarter results for 2021. EFG Hermes’ revenues grew by 20% Y-o-Y to EGP 1.6 billion in 2Q21, driven by an outstanding performance from the Investment Bank and the NBFIs platform, delivering a solid 66% Y-o-Y increase in revenues from fees and commissions to EGP 1.1 billion in 2Q21. “Our second quarter results showcase EFG Hermes’ ability to swiftly capitalize on improved market conditions and … Continue reading EFG Hermes delivered a second consecutive quarter of stellar performances across its operations and recorded a 20% Y-o-Y increase in revenues in 2Q21