This strategic move aims to usher in a new era of growth, digital innovation, and customer-centric solutions tailored to meet the evolving needs of individuals, SMEs, and corporate clients.
Valu, MENA’s leading universal financial technology powerhouse, today announced a partnership with ShipBlu and PayTabs Egypt to transform payment methods for e-commerce deliveries in Egypt. This collaboration allows Valu customers to use their Valu limit to pay for online orders delivered by ShipBlu directly through ShipBlu's myBlu app, even if the seller is not within the Valu merchant network. PayTabs Egypt is providing secure payment processing technology to facilitate this seamless payment integration via Payment-on-Delivery (PoD).
EFG Foundation for Social Development (EFG Foundation), a non-profit, non-governmental organization dedicated to sustainable, high-impact development initiatives, is proud to announce that its project “Nawara,” under the flagship initiative The Green Footprint, has been recognized at the Luxor Governorate level in the third edition of the National Competition for Smart Green Projects.
Majid Al Futtaim, a leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has uncovered an exciting new partnership with Valu, MENA’s leading financial technology company. This partnership introduces an innovative gift card service designed to offer customers enhanced flexibility, exclusive benefits and an elevated shopping experience at Majid Al Futtaim’s shopping centres.
EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA), announces the commencement of the 10th EFG Hermes Annual London Investor Conference, scheduled to take place from September 9th to 12th at the iconic Emirates Stadium in London. This year’s conference, themed “A New Era of Opportunities,” aims to delve into the profound potential emerging in key sectors across the global economy, offering participants unparalleled insights and connections in a rapidly evolving landscape.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region, proudly announces its Research division’s strong performance in the 2024 Emerging EMEA Extel (formerly Institutional Investor Research) Survey rankings. The firm’s Research division and analysts have secured top positions across key sectors, reinforcing their authority and deep expertise in the region.
EFG Hermes, an EFG Holding company, and the leading investment bank in the Middle East and North Africa (MENA) region, announced today the introduction of its newest services, Asset Servicing Arrangement and Custody Arrangement. The service is designed to address the unique challenges faced by high-net-worth individuals, family offices, and small- to mid-sized funds in accessing custody arrangement services.
Valu, MENA’s leading universal financial technology powerhouse, announced today that it has finalized its 11th securitized bond issuance worth EGP 1,091.9 million. The issuance is the first under the newly approved securitization program worth a total of EGP 16 billion.
Tanmeyah, a subsidiary of EFG Holding and a leading provider of financial services in Egypt with a concerted focus on micro and small enterprise segments, has entered a strategic certification agreement with COFICERT France to attain the prestigious AML 30000 certification. This international standard represents the pinnacle of anti-money laundering (AML) and counter-terrorism financing (CTF) compliance. It also serves as a valuable complement to government regulation, fostering a more secure and resilient financial ecosystem both domestically and internationally. With the backing of the International Group for Sustainable Finance (IGSF), this agreement will enable Tanmeyah to solidify its position in the microfinance sector in the region. This milestone will not only enhance Tanmeyah's robust AML/CTF framework but also reinforce its commitment to ethical and responsible financial practices.
EFG Holding, a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA), announced today its results for the second quarter of 2024. The Group’s revenues surged 63% Y-o-Y to EGP 5.1 billion, particularly bolstered by strong revenues generated from the Investment Banking division, in addition to growth recorded by the rest of the Group’s core lines of business. This resilient performance was driven by the Group’s different verticals, the Investment Bank (EFG Hermes), the NBFIs (EFG Finance), and the Commercial Bank (aiBANK), all posting strong growth Y-o-Y in 2Q24. The Group’s net profit after tax and minority interest rose 95% Y-o-Y to reach EGP 791 million in 2Q24.
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