Abu Dhabi, UAE – As the 2nd Annual Financial Restructuring MENA Conference kicked off at the Abu Dhabi Global Market (ADGM) building, industry leaders explored strategies for navigating the region’s evolving financial landscape, addressing rising corporate insolvencies. The conference kickstarted with keynote address by Hamad Sayeh Al Mazrouei, Chief Executive Officer of the Registration Authority at the Abu Dhabi Global Market. He emphasized on Abu Dhabi’s pivotal role in unlocking the potential of the financial restructuring sector, stating, “Abu Dhabi is at the forefront of fostering a robust environment for financial restructuring. Through strategic initiatives and partnerships, we are empowering … Continue reading Unlocking Financial Potential: Insights from the opening of the 2nd Annual Financial Restructuring MENA Conference

EFG Hermes, EFG Holding’s Investment Bank, the leading investment bank in Frontier and Emerging Markets (FEM), announced today that its Investment Banking division successfully concluded advisory on a merger and acquisition (M&A) deal for Kazyon, a prominent MENA-based discount retailer. In this transaction, Kazyon successfully acquired a 50% stake in Dukan, the sole discount retailer in Saudi Arabia, signaling its strategic entry into the Saudi market. Al Dabbagh Group, the existing shareholder of Dukan, will retain the remaining 50% stake in the company. EFG Hermes advised Kazyon on the acquisition of Dukan with White and Case acting as legal counsel. Commenting on the transaction, Karim … Continue reading EFG Hermes Concludes Advisory on MENA-Based Discount Retailer Kazyon’s Acquisition of a 50% Stake in Dukan in Saudi Arabia

The move reflects the power of the Group’s full suite of financial services across three key verticals: EFG Hermes (the investment bank), EFG Finance (the NBFI), and aiBANK (the commercial bank), by providing businesses of all sizes and people of all income levels in some of the world’s most compelling markets with the tools and access to finance they need to live better lives, build their businesses, and drive sustainable change EFG Hermes Holding announced today that it has successfully rebranded to EFG Holding (EGX: HRHO – LSE: EFGD) to ensure the brand evolves in line with the Group’s expansion across … Continue reading EFG Hermes Holding Rebrands to EFG Holding, Signaling Strategic Transformation into a Trailblazing Financial Institution with a Universal Bank in Egypt and the Leading Investment Bank Franchise in Frontier and Emerging Markets