Tag: EFG Hermes

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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.

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.

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.

UAE’s largest bank, FAB, has withdrawn its offer for majority stake in Karim Awad’s EFG Hermes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.

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.


South African tycoon Sipho Maseko locks in $608 million to acquire Telkom stake

South African businessman Sipho Maseko secures $608 million funding for game-changing Telkom stake acquisition

Led by Kenyan banker Nasim Devji, DTB posts impressive Q1 profits of over $17 million

Diamond Trust Bank Group reports impressive Q1 profit surge of over $17 million, led by Nasim Devji's strategic leadership

Abdul Samad Rabiu’s net worth surpasses $8 billion with single-day gain of $501 million

With the latest surge of $501 million in his net worth, Abdul Samad Rabiu's year-to-date wealth gains have now reached $1.53 billion.

Africa’s richest man adds $769 million to fortune in 24 hours; net worth surpasses $21 billion

President Tinubu’s bold policies propel the Nigerian Equities Market, catapulting Africa's richest man Aliko Dangote’s fortune