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24 September 06:12 PM EFG Hermes finalizes EGP 1bn debt advisory for Nawy Now
Cairo – Mubasher: EFG Hermes, a unit of EFG Holding, has successfully concluded its role as the sole financial advisor for Nawy Now, the mortgage arm of leading proptech company Nawy, according to a press release. Its Investment Banking division …
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24 September 05:52 PM Catalyst Partners’ board approves capital hike to EGP 3bn
Cairo - Mubasher: The board of Catalyst Partners Middle East has approved a capital increase to EGP 3.01 billion from EGP 235 million. The EGP 2.78 billion hike is represented by 278.40 million shares at a nominal value of EGP 10 per share, …
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5 June 12:49 PM Forbes Middle East, Beltone Holding to launch Top Advisors & Investors Summit
Cairo – Mubasher: Forbes Middle East and Beltone Holding partnered to launch the Top Advisors & Investors Summit, which is set to be held in Cairo during the second half (H2) of 2025, according to a press release. The summit aims to contribute to …
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2 June 08:05 PM Beltone Leasing inaugurates branch in Sokhna Industrial Zone
Cairo – Mubasher: Beltone Leasing and Factoring, a wholly owned subsidiary of Beltone Holding, has launched a new branch in the Sokhna Industrial Zone, according to a press release. Ahmed Saad, CEO of the General Authority of the Suez Canal …
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22 April 03:47 PM Tanmeyah, Aman Holding to roll out new channels to enhance digital payments
Cairo – Mubasher: Aman Holding, the business line of Raya Holding for Financial Investments, and Tanmeyah, a unit of EFG Holding, signed a deal to offer new digital channels that allow customers to receive their financing and pay their …
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20 April 10:10 AM CI Capital Holding to pay cash dividends worth EGP 700m for 2024
Cairo – Mubasher: The shareholders of CI Capital Holding for Financial Investments greenlighted cash dividends of EGP 700 million for 2024, according to a bourse disclosure. Under the general assembly’s approval on 16 April, the EGX-listed firm …
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16 April 08:49 AM Raya Holding’s consolidated profits hike in 2024; revenues cross EGP 45.1bn
Cairo – Mubasher: Raya Holding for Financial Investment logged consolidated profits after tax worth EGP 1.89 billion in 2024, up year-on-year (YoY) from EGP 563.88 million. The revenues hiked to EGP 45.11 billion at the end of December 2024 from …
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14 April 02:48 PM Beltone completes 2nd capital raise to accelerate growth plans
Cairo – Mubasher: Beltone Holding has successfully concluded its second capital increase, securing EGP 10.50 billion with a 98% subscription coverage, according to a press release. This transaction anchors Beltone’s position as a future-focused …
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7 April 10:05 AM EFG Holding’s unit Bank NXT logs EGP 1.7bn profits in 2024
Cairo – Mubasher: Bank NXT, a subsidiary of EFG Holding, recorded 54% year-on-year (YoY) higher net profits at EGP 1.77 billion in 2024, according to the financial results. Net interest income hiked by 54% YoY to EGP 3.91 billion as of 31 December …
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6 April 09:48 AM B Investments Holding posts higher profits in 2024; dividends unveiled
Cairo – Mubasher: The consolidated net profits after tax of B Investments Holding hiked to EGP 1.65 billion in 2024 from EGP 693.76 million in 2023. Basic and diluted earnings per share (EPS) stood at EGP 7.46 last year, higher than EGP 3.17 in …
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31 March 02:59 PM Beltone reveals 1st round’s results of capital hike subscription
Cairo – Mubasher: Beltone Holding recently announced the results of the first round of its capital increase subscription, unveiling a 92.11% coverage. The offering witnessed over 4.95 billion shares subscribed, according to a press release. …
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20 March 03:27 PM EFG Holding’s consolidated profits leap to EGP 5.3bn in 2024
Cairo – Mubasher: EFG Holding recorded consolidated net profits valued at EGP 5.33 billion in 2024, compared to EGP 3.16 billion in 2023, the financial results showed. Earnings per share (EPS) climbed to EGP 2.94 last year from EGP 1.71 in 2023, …
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20 March 01:38 PM EFG Holding greenlights Valu’s listing on EGX
Cairo – Mubasher: The board of EFG Holding Company approved the listing of U Consumer Finance (Valu) on the Egyptian Exchange (EGX), according to a press release. EFG Holding, which owns 20.48% of U's capital directly, highlighted that the …
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19 March 10:37 AM Contact, Fawry join forces to expand digital payment solutions
Cairo – Mubasher: Contact Financial Holding penned a deal with Fawry for Banking Technology and Electronic Payments to enable Contact’s buy now, pay later (BNPL) service across Fawry’s extensive payment network. This cooperation supports Egypt's …
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9 March 12:11 PM MENA-focused PayTabs Group fully takes over PayTabs Egypt
Cairo – Mubasher: PayTabs Group has acquired a 51% stake in PayTabs Egypt from EFG Finance, an EFG Holding company, according to a recent press release The transaction aligns with the group’s long-term strategy to bolster digital transformation …
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27 February 07:47 PM CI Capital posts higher consolidated profits at EGP 2.2bn in 2024
Cairo – Mubasher: CI Capital Holding for Financial Investments generated EGP 2.22 billion in net profit during the January- December 2024 period, compared to EGP 1.07 billion in 2023. Total revenues hit EGP 10.08 billion last year, higher than EGP …
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25 February 05:37 PM EFG Hermes leads $2.8bn marketed offering for ADNOC Gas
Cairo – Mubasher: EFG Hermes, an EFG Holding Company, has completed a $2.84 billion marketed offering of ADNOC Gas shares on behalf of Abu Dhabi National Oil Company (ADNOC). The transaction covered the sale of approximately 3.10 billion shares, …
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20 February 01:13 PM Beltone’s unit enters into EGP 4bn deal for sports project
Cairo – Mubasher: Beltone Leasing and Factoring, a subsidiary of the listed Beltone Holding, recently signed a syndicated leasing term sheet amounting to EGP4 billion with Al Qalaa Al Hamraa for Facilities Management, according to a press release. …
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5 February 02:52 PM Beltone VC collaborates with LNKO to boost expansion plans
Cairo – Mubasher: Beltone Venture Capital (VC), a subsidiary of the listed Beltone Holding, has made a strategic equity investment in LNKO, a trendsetting omni-channel D2C eyewear startup. The partnership comes as part of Beltone VC’s ongoing …
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3 February 09:06 PM Beltone generates over EGP 1.7bn consolidated net profit in 2024; revenue hits EGP 7.4bn
Cairo – Mubasher: Beltone Holding recorded a consolidated net profit of EGP 1.78 billion in 2024, marking a 383.47% leap from EGP 369.22 million in 2023. The consolidated revenues surged by 296.82% year-on-year (YoY) to EGP 7.42 billion during the …
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29 January 04:01 PM Spark Education Platform of EFG Hermes-managed Saudi Education Fund unveils majority stake acquisition
Riyadh – Mubasher: Spark Education Platform (SEP), owned by the Saudi Education Fund (SEF) which is managed by EFG Hermes, an EFG Holding company, has entered into definitive agreements to acquire a majority stake in Qimam El Hayat International …
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29 January 03:00 PM EFG Hermes leads MENA equity capital markets for 2024, unveils outlook for 2025
Cairo – Mubasher: EFG Hermes, an EFG Holding company and leading investment bank in the region, announced its recent rankings in MENA equity capital markets in 2024. The firm was named the first investment bank in the MENA Equity & Equity-Related …
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16 January 09:08 PM Aman Holding closes nearly EGP 2.5bn securitisation bond issuances
Cairo – Mubasher: Aman Holding, the business line of the listed Raya Holding for Financial Investments, recently completed the first and second securitisation bond issuances in favour of Aman for Securitisation. The bonds raised approximately EGP …
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13 January 08:08 AM MAFI’s new industrial complex targets global markets; major banking alliance leads financing
Cairo - Mubasher: MAFI Agricultural Produce Industries secured long-term joint financing of $108 million from an alliance led by Banque Misr, Suez Canal Bank and Al Baraka Bank-Egypt. MAFI also obtained $72 million through equity investments from …
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8 January 11:58 AM EFG Hermes leads Almoosa Healthcare’s $449m IPO on Tadawul
Cairo – Mubasher: EFG Hermes, a subsidiary of EFG Holding, concluded its advisory on the $449 million initial public offering (IPO) of Almoosa Healthcare Company, according to a press release. Through its investment banking division, EFG Hermes …