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EFG Hermes Q1 net profit up 27pcEFG Hermes, a leading investment bank in the Arab world, said its net profit for the first quarter surged 27 per cent to EGP98 million ($13.9 million) when compared to the same period last year. The group revenues rose 14 per cent More… |
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EFG plans assets sale as Qatar deal failsEFG Hermes, one of the largest investment banks in the Middle East, plans to cut costs, sell non-core assets, and return cash to shareholders after a planned tie-up with Qatar's QInvest failed on Wednesday. EFG had agreed the More… |
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EFG terminates deal with QInvestEFG Hermes, a top investment bank, said on Wednesday the long-stop date for completion of its deal with Qatari investment company QInvest had passed without approval by Egypt's financial regulator, and so the joint venture would automaticall More… |
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EFG Hermes sets Qinvest merger deadlineEFG Hermes, the Middle East’s top investment bank, said a merger deal with Qatari investment company QInvest will lapse on May 3 unless it receives long-awaited approval from Egyptian regulators. EFG said it had received reg More… |
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EFG still awaiting Egypt nod for QInvest dealEFG Hermes, the Middle East's top investment bank, said on Sunday a merger deal with Qatari investment company QInvest will lapse on May 3 unless it receives long-awaited approval from Egyptian regulators. EFG said it had rece More… |
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EFG Hermes 9-month profit down 19pcEFG Hermes, the biggest investment bank in Egypt, has reported an 18.8 per cent decline in its net profit for the first nine months which fell to 232.1 million Egyptian pounds ($38 million) from 286 million pounds. Announcing the More… |
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EFG Hermes eyes new expansionsEgyptian investment bank EFG Hermes aims to expand into Turkey, Iraq and Libya and plans to grow its asset management arm by 50 per cent after the completion of its joint venture with Qatar's QInvest. EFG Hermes announced its More… |
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EFG Hermes shareholders approve QInvest dealShareholders of EFG Hermes, Egypt's biggest investment bank, reaffirmed on Sunday their approval of a planned tie-up with Qatar's QInvest after demands by the regulator for more information on the deal were met, EFG said in a statement d More… |
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EFG Hermes' takeover bid stallsAn attempt by a group of Egyptian and Gulf investors to buy the Middle East's biggest home-grown investment bank EFG Hermes has stalled after the consortium failed to secure enough EFG shares to challenge management. Planet IB made its More… |
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EFG pumps $100m into Egypt refining firmEgypt-based EFG Hermes has partnered with InfraMed, a leading infrastructure fund in the Mena region, to invest $100 million in Egyptian Refining Company (ERC). A landmark $3.7 billion refining project developed by Cair More… |
