EFG Hermes

• Who We Are Our Presence Leadership Corporate Governance Business Principles Climate Change Industry Recognition
• The Investment Bank Investment Banking Securities Brokerage Individual Investors Institutional Investors Asset Management Private Equity Research Conferences
• Securities Brokerage Individual Investors Institutional Investors
• NBFI Consumer Finance Factoring & Leasing Microfinance Insurance MORTGAGE E-Payments
• Citizenship Sustainability Strategy Commitment of Business Climate Change Statement EFG Hermes Foundation ESG Policy Sustainability Reports
• Investor Relations Share Information Investor Presentations Disclosures Earnings Release Financial Statements Annual Reports Annual General Meeting Analyst Coverage Investor Relations Contacts

The leading financial services corporation in Frontier Emerging Markets

EFG Hermes Holding Concludes aiBANK Acquisition

EFG Hermes Holding informed shareholders today that it has completed its transformation into an Egyptian universal bank with a market-leading frontier emerging markets (FEM) investment banking platform The news comes as the Firm has finalized its acquisition of a 51% stake in the Arab Investment Bank (aiBANK), marking a strategic entry into the fast-growing and solid Egyptian commercial banking sector The transaction will see EFG Hermes Holding assume control of aiBANK, with TSFE Financial Services & Fintech Subfund, a subfund fully owned by the Sovereign Fund of Egypt, EFG Hermes Holding’s valued partner, acquiring a 25% stake

27 Feb 2023 #stockmarkets closing today, Monday, February 27, 2023: #MSM30 For more information & statistics please visit: 27 Feb 2023 #stockmarkets closing today, Monday, February 27, 2023: #ADX For more information & statistics please visit: EFG Hermes is the leading financial partner in frontier and emerging markets (FEM) and the top MENA ECM advisor We deploy the largest and most diverse group of FEM professionals, combining a deep knowledge of companies, markets, and economies with proven global expertise

In November, 2021, EFG Hermes Holding acquired a 51% stake in aiBANK, marking a strategic entry into the fast-growing and solid Egyptian commercial banking sector enabling the firm to transform into a universal bank aiBANK currently offers the full spectrum of retail banking, corporate and Islamic banking services Additionally, aiBANK provides loan syndication services to companies and institutions looking to finance large national projects

EFG Hermes is a leading brokerage house serving both institutional and retail clients in the MENA and wider FEM space, with on the ground presence in Egypt, Kuwait, the UAE, Saudi Arabia, Oman, Jordan, Pakistan, Kenya, Nigeria, Bangladesh, Vietnam, the UK and the US

EFG Hermes is a leading MENA asset manager offering both conventional and Sharia-compliant mandates with products tailored to varying investor objectives and risk appetites

With an established track record spanning more than two decades, EFG Hermes Private Equity is one of the region’s leading private equity houses

EFG Hermes Research is an award-winning, globally recognized research house, combining equities research, macro research, strategy, and index research covering hundreds of stocks and numerous geographies across MENA and FEMs

valU is Egypt’s premier consumer financing application, allowing customers to make purchases from hundreds of merchants and pay over flexible installments with one of the market’s fastest approval process

Bedaya is a joint venture between EFG Hermes, GB Capital and TMG that offers mortgage finance to all consumers looking to buy move-in homes across TMG’s existing projects and potential developments

Tanmeyah is Egypt’s number one non-bank provider of microfinance solutions offering loans for micro and very small businesses across Egypt and giving thousands of clients access to the necessary capital to find a path out of poverty and grow their businesses

EFG Hermes Corp-Solutions helps business owners grow sustainably, providing them with immediate access to liquidity without diluting equity or incurring in further debt by selling businesses’ accounts receivables It also offers a roster of tailored, comprehensive leasing solutions and value-added advisory services

Kaf is an Egyptian insurance company licensed to offer life, savings and health products Established in 2021, Kaf is committed to building a meaningful, local insurance platform with the purpose of protecting the health and wealth of the Egyptian people

PayTabs Egypt is an innovative fintech solution that caters to both the online and digital payment needs of multiple consumer segments in the country The platform allows users to carry out financial transactions such as purchases, money collection, or bill payments to empower financial inclusion and cashless payments

MENA Banks Remain Optimistic Towards Year End

New research by EFG Hermes has found that in the banking sector, the current credit quality backdrop is generally favorable, with short-term macro being supportive in the GCC However, higher borrowing costs and a challenging global economic environment pose potential risks in 2023 In the medium term, infrastructure spending, a push towards greener economies, and potential legal reforms, will all contribute towards loan growth Here are some of our detailed country insights