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

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