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EFG

EFG Hermes posts $70m profit on bank expansion

Egypt's EFG Hermes turned a profit after tax and minority interests of EGP538 million ($70.51 million) last year after a net loss of EGP540 million the year before, helped by strong growth in its regional investment banking operations, the b

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DI unit commissions new glass production facility

UAE-based Emirates Float Glass (EFG) has successfully commissioned a new facility aimed at enhancing its production capabilities to cater to the automotive glass sector. A subsidiary of Dubai Investments, EFG is a major integrated

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EFG Hermes appoints independent financial advisor

EFG Hermes, a leading investment bank in the Arab world, has appointed HC Securities and Investment as the independent financial advisor (IFA) to opine on the fair value of the stock and the fairness of the offer.  

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EFG honoured for non-oil exports in 2013

Emirates Float Glass (EFG), part of Glass LLC, has received an appreciation award from the Department of Economic Development (DED – Abu Dhabi for its contribution in improving the non-oil exports from Abu Dhabi during 2013.

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EFG Hermes names group co-chief

EFG Hermes, a leading investment bank in the Mena region, has appointed Karim Awad as its group co-CEO with immediate effect.   Awad was previously the CEO of the Investment Bank at EFG Hermes and was earlier head of Investmen

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Burgan Bank expands brand across Turkey

Kuwait’s Burgan Bank Group has extended its regional brand platform to Turkey following its recent acquisition Eurobank Tekfen, which will now operate under the name of Burgan Bank – Turkey. Its subsidiaries EFG Istanb

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EFG plans dividend after QInvest tie-up

Egypt's EFG Hermes said on Sunday it would distribute a dividend of 4 Egyptian pounds ($0.66) per share after it completes a joint venture it is forming with Qatar's QInvest. It confirmed in a statement that shareholders had approved the

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EFG-Hermes 2011 profit tumbles 63pc

Egyptian bank EFG-Hermes  reported a 63 percent drop in 2011 net profit on Sunday as the economic fallout from uprisings across the Middle East pushed down brokerage, investment banking and asset management revenue. Net income before

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EFG-Hermes 2011 profit tumbles 63pc

Egyptian bank EFG-Hermes  reported a 63 percent drop in 2011 net profit on Sunday as the economic fallout from uprisings across the Middle East pushed down brokerage, investment banking and asset management revenue. Net income before

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EFG sells Denmark unit

EFG International has agreed to sell EFG Bank Denmark to SEB Wealth Management, effective from January 1, a statement said. The move is part of EFG's business review programme, it said. The terms of the deal have not been disclosed.

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