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EFG Hermes
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Egyptian banker Karim Awad leads EFG Hermes in $12.5-million debt issuance for HSB
The issuance marks a significant milestone for EFG Hermes, representing its fifth such issuance and the second within a pre-approved EGP2-billion ($41.8 million) program.
![Pakinam Kafafi](/content/images/size/w1304/format/webp/wp-content/uploads/2023/07/pakinam-kafafi.jpg)
Egypt’s NSPO acquires $52-million stake in Pakinam Kafafi-led TAQA Arabia
The acquisition comes as no surprise, given TAQA Arabia’s remarkable growth under the leadership of Kafafi.
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Egyptian banker Karim Awad drives EFG Hermes to success: Q1 profits exceed $30 million
The group’s impressive financial performance underscores its position as a leading financial institution in the region.
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Led by Egyptian banker Karim Awad, EFG Hermes concludes advisory to $102.4-million bond program
Under Awad, EFG Hermes’ assets have risen to more than $2.7 billion.
![Karim Awad](/content/images/size/w1304/format/webp/wp-content/uploads/2022/05/karim-awad.jpg)
Led by Egyptian banker Karim Awad, EFG Hermes to pay Egypt’s tax office $20.5 million in H1 2022
The figure is 72-percent higher than during the same period last year.
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Karim Awad-led EFG Hermes acquires stake in offshore oil support company, Maridive
The transaction comes two months after Maridive approved a 5.94-percent reduction in its authorized capital to $940.51 million.
![Karim Awad](/content/images/size/w1304/format/webp/wp-content/uploads/2022/05/karim-awad.jpg)
Karim Awad-led EFG Hermes acquires Egyptian B2B marketplace Fatura
The acquisition comes after the Egyptian startup closed a $3-million pre-Series-A funding round last year.
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Led by Egyptian exec Karim Awad, EFG Hermes issues $26.8-million bond
The bond has a credit rating of “A-” from Middle East Ratings and Investor Services.
![Karim Awad](/content/images/size/w1304/format/webp/wp-content/uploads/2022/05/karim-awad.jpg)
Led by Egyptian exec Karim Awad, EFG Hermes raises capital by $52.9 million
The capital raise will be funded by the group’s retained earnings and will be distributed over 194.61 million shares.
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UAE’s largest bank, FAB, has withdrawn its offer for majority stake in Karim Awad’s EFG Hermes
The disclosure comes two months after the bank announced its plan to acquire a 51-percent stake in EFG Hermes Holding.
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Led by Egyptian executive Karim Awad, EFG Hermes plans to increase its capital base by $52.9 million
EFG Hermes will issue one share for every five shares held by shareholders.
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Karim Awad-led EFG Hermes posts profits of $81.8 million in 2021
EFG Hermes specializes in securities brokerage, asset management, investment banking and private equity.
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UAE’s largest bank offers to acquire majority stake in Karim Awad-led EFG Hermes
The proposed transaction is FAB’s second major transaction in Egypt.
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Karim Awad-led EFG Hermes reports 26-percent boost in 9M 2021 earnings; profits surge above $65 million
EFG Hermes is an Egyptian financial services company, with a global operational footprint.
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Karim Awad-led EFG Hermes posts $48.09-million mid-year profits thanks to robust performance
EFG Hermes Holding is an Egyptian financial services company.