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Egyptian fintech startup valU raises $12.4M, valuation touches $247.4M

Egyptian buy now pay later (BNPL) firm valU said Monday that it has secured a $12.4 million capital injection from the Alhokair Family, valuing...

First Abu Dhabi Bank withdraws its non-binding offer for majority stake in EFG Hermes...

After careful consideration and in the context of ongoing global market uncertainty and volatile macro-economic conditions, First Abu Dhabi Bank (FAB) has decided to...

EFG Hermes Corp-Solutions signs a USD25mln vessel finance deal with Transmar

EFG Hermes Corp-Solutions, a subsidiary of EFG Hermes Holding and one of Egypt’s leading leasing and factoring companies, has signed a USD 25 million...

First Abu Dhabi Bank submits a non-binding offer for a majority stake in EFG...

First Abu Dhabi Bank (FAB) announces that it has submitted a non-binding offer for a potential cash acquisition of a majority stake in Egyptian...

EFG Hermes successfully concludes advisory on USD 388 million sale

EFG Hermes’ investment banking division, a leading investment banking franchise in Frontier Emerging Markets (FEM), announced today that it successfully concluded advisory to Sixth...

EFG Hermes Holding concludes aiBANK acquisition

EFG Hermes Holding informed shareholders that it has completed its transformation into an Egyptian universal bank with a market-leading frontier emerging markets (FEM) investment...