Bank NXT, a leading provider of integrated retail and corporate solutions in Egypt, announced today its participation in the International Day of People with Disabilities under the supervision of the Central Bank of Egypt (CBE). This initiative, running from 1-15 December, aligns with the nationwide strategy to bolster financial inclusion and the presidential initiative “Bedaya”. Bank NXT’s participation in this initiative aims to expand accessibility to banking services for people with disabilities and promote innovative financial solutions tailored to their needs.
Valu, the leading universal financial technology powerhouse in the MENA region, has joined forces with GLC Paints, the leading paint manufacturer in Africa and the Middle East, to revolutionize GLC loyalty program experience. The partnership aims to expand the redemption options for GLC's Express members by allowing them to transfer their loyalty points into Valu's Flip e-gift card, providing greater flexibility and convenience for spending. Valu also extends its solutions to some of GLC's distributors, further enhancing the value proposition for the partnership.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking division completed its advisory on the initial public offering (IPO) of Talabat Holding plc, the region’s leading online food and grocery delivery platform on the Dubai Financial Market (DFM). EFG Hermes acted as a Joint Bookrunner on the transaction, which involved the divestment of 20% of Delivery Hero's stake, valued at approximately USD 2.0 billion, making it the largest UAE IPO of 2024 and the largest global tech IPO of the year to date. The IPO saw significant interest from international, regional, and local investors, resulting in double-digit oversubscription levels.
Tanmeyah, a subsidiary of EFG Holding and leading provider of financial solutions in Egypt with a concerted focus on micro enterprise segments, announced today its new development initiatives for Palestine Square and Ahmed Abd El-Azeem Street, situated next to the company’s headquarters in Al Maadi. This project highlights Tanmeyah’s unwavering commitment to community enhancement and environmental sustainability, falling in line with its Environmental, Social, and Governance (ESG) objectives and broader framework.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that it has successfully advised United Electronics Co (eXtra) on the SAR 990 million (USD 264 million) initial public offering (IPO) of its subsidiary United International Holding Company (UIHC) on the Saudi Exchange. UIHC offered 7.5 million ordinary shares, representing 30% of its total issued share capital.
Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, is excited to announce a strategic partnership with Mindgate Solutions, a global leader in payment technology and transaction processing, to co-develop a digital platform tailored to the needs of corporate clients to provide them with seamless internet and mobile banking solutions. This collaboration marks a significant milestone in the bank's ongoing commitment to delivering top-tier financial solutions backed by cutting-edge technology.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that it had advised on Maarif Education’s 100% acquisition of Ibn Khaldoun Education Company (IKEC). This transaction, currently in the post-signing stage, positions Maarif Education to become the largest K-12 education provider in Saudi Arabia by both revenue and geographical presence and marks one of the largest investments in Saudi Arabia's education sector.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region, announced today that its investment banking division had completed advisory for an EGP 370 million working capital facility for Sylndr, Egypt’s leading online used cars player. The innovative structure of this transaction stands as Egypt’s first asset-backed working capital solution tailored specifically to the unique dynamics of Sylndr’s business model. This milestone highlights the commitment of Egypt’s banking sector to empowering startups and SMEs with creative, scalable financial solutions.
PayTabs Egypt, MENA’s award-winning payments powerhouse, announced today a strategic partnership with Azimut, Egypt's leading multinational investment manager. This collaboration will enable Azimut customers to top-up their trading accounts and investment funds on the Azimut platform (azinvest) using debit and prepaid cards. It marks a significant shift in digital payments for stock trading in Egypt. The partnership has received approval from the Central Bank of Egypt (CBE) for debit and prepaid card acceptance in stock trading.
Valu, MENA’s leading universal financial technology company, is thrilled to announce its continued sponsorship of rising star Weightlifting champion Mahmoud Hosny. For the past two years, Hosny has been part of our athlete support program. This partnership underscores Valu’s commitment to inspiring and empowering athletes as they strive for excellence in their respective sports. As Mahmoud competes in official championships in Egypt and worldwide, Valu offers him the support he needs to succeed.
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