Sunday 28 August 2016
 
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EFG-Hermes

Dubai Financial Group sells stake in EFG-Hermes

Dubai Financial Group sold its 11.8 percent stake in Egyptian investment bank EFG-Hermes Holding to France's Natixis under a debt restructuring deal, its parent company said on Sunday. The sale was "consistent with the bu

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EFG-Hermes to distribute $121m from Credit Libanais sale

Egypt's EFG-Hermes said on Sunday it planned to distribute 1.08 billion Egyptian pounds ($121.62 million) from the sale of a 40-percent stake in Credit Libanais to its shareholders in the form of cash and share buybacks. Egypt

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EFG-Hermes to double managed green energy assets

Egypt's EFG-Hermes is planning to increase the investments it manages in renewable energy to 1.5-2 billion euros ($1.73 billion-$2.3 billion) in the next two years from 730 million currently, said its managing director. Egypt&

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EFG-Hermes to double managed green energy assets

Egypt's EFG-Hermes is planning to increase the investments it manages in renewable energy to 1.5-2 billion euros ($1.73 billion-$2.3 billion) in the next two years from 730 million currently, said its managing director. Egypt&

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EFG-Hermes launches leasing subsidiary

Egypt's EFG-Hermes, one of the Middle East's largest investment banks, said on Sunday it had launched a wholly-owned subsidiary, EFG Hermes Leasing, that would start operations immediately. The firm said in a statement tha

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EFG Hermes bid in doubt as holders baulk at price

Billionaire Naguib Sawiris' second bid for a stake in Egypt's biggest investment bank EFG Hermes hung in the balance as shareholders agreed to sell just under half of the shares sought. Sawiris' New Egypt Investment Fu

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EFG Hermes Q1 profit nearly triples

EFG Hermes, a leading investment bank in the Arab world, has reported a nearly three-fold year-on-year rise in the group net profit after tax and minority interest to EGP119 million on total group operating revenues of EGP 563 million ($16.7 mil

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EFG-Hermes plunges to $48m net loss

Egyptian bank EFG-Hermes plunged to a net loss of $48 million last year, hit by one-off charges including a writedown in the value of certain investments. The bank, active both in investment and commercial banking, said yesterday

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EFG-Hermes sells Damas stake to Mannai

Egyptian investment bank EFG-Hermes has agreed to sell its 19 percent stake in United Arab Emirates jeweller Damas to Qatar's Mannai Corp for $150 million, a source familiar with the deal said on Wednesday. Mannai and EFG-Herm

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EFG-Hermes swings to Q4 net loss

EFG-Hermes, Egypt's biggest investment bank, has reported a net loss of EGP 21 million ($3.08 million) for the fourth quarter compared to a EGP31 million profit in the same quarter a year earlier. The bank said one-off expense

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