Amazon invests in EFG Hermes GDR’s, with a valuation of ValU reaching USD $235 million

 valU Consumer Finance  (valU), a fully-owned subsidiary of EFG Hermes Holding on Thursday entered into an agreement with Amazon for the Provision of Consumer Financing by valU as a Payment Method on amazon.eg (the Commercial Agreement). Pursuant to the terms of the Commercial Agreement, valU will make some of its consumer financing products available to eligible customers on amazon.eg, providing these customers the option to split the total cost of purchases into multiple payments by using valU. In connection with the entry into the Commercial Agreement, EFG Hermes and Amazon entered into an Option Agreement (the Transaction Agreement) whereby Amazon … Continue reading Amazon invests in EFG Hermes GDR’s, with a valuation of ValU reaching USD $235 million

Response Plus Holding PJSC unveils record 4th Quarter 2021 Financial Results

Net profit reached AED 65.01 million while revenues were AED 299.6 million end of year, Response Plus Holding PJSC (RPM), one of the leading providers of healthcare services in the United Arab Emirates, reports an impressive Q4 performance for the period ending 31st December 2021. Reporting a remarkable growth in its financials during the year 2021, the company, a unit of ADX-listed Alpha Dhabi (subsidiary of International Holding Company ‘IHC’) announces a net profit that reached AED 65.01 million AED from 40.01 million AED in the first nine months of 2021, reflecting the impact of the transformative change during the … Continue reading Response Plus Holding PJSC unveils record 4th Quarter 2021 Financial Results

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