EFG Hermes

Kazyon, the Leading Discount Grocery Retailer in the Arab World and Africa Acquires a 50% Equity Stake in Dukan, Expanding Its Footprint Into Saudi Arabia

Retrieved on: 
Tuesday, February 6, 2024

Founded in 2013 and operating over 100 stores, Dukan is the sole grocery discount retailer in Saudi Arabia.

Key Points: 
  • Founded in 2013 and operating over 100 stores, Dukan is the sole grocery discount retailer in Saudi Arabia.
  • With modern trade channel penetration of only c.50%, the Saudi Arabian market presents ample room for growth.
  • The company has experienced rapid growth and is now the leading discount grocery retailer across the Arab world and Africa with over 1,000 stores.
  • Kazyon aims to be a top three player in Saudi Arabia and Morocco after becoming the largest grocery retailer in Egypt.

Anghami Reports 35.6% Revenue Growth in Preliminary Unaudited 2022 Results, with Focus on Continued Efficiency and Profitability for 2023

Retrieved on: 
Tuesday, March 7, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230307005846/en/
    Anghami Reports 35.6% Revenue Growth in Preliminary Unaudited 2022 Results, with Focus on Continued Efficiency and Profitability for 2023 (Graphic: AETOSWire)
    Anghami recorded a robust financial performance in 2022, with total revenue of $48.1 million, reflecting an increase of 35.6% compared to 2021, despite an unfavorable impact of foreign currency exchange rates.
  • Anghami also experienced a growth in its total paying subscribers, reaching 1.52 million subscribers, representing a 21% increase year-on-year.
  • Anghami's focus on efficiency and profitability in the second half of 2022 resulted in a significant improvement in gross margin across all business segments.
  • Anghami aims to achieve profitability in 2023 by building on the momentum of efficiency, as reflected in its improvement in gross margins.

Vortex Energy Partners With Ignis To Fund Ambitious Renewable Plan Globally With €625 Million

Retrieved on: 
Wednesday, October 6, 2021

MADRID, Oct. 6, 2021 /PRNewswire/ -- Vortex Energy, a global renewable energy platform managed by the private equity arm of EFG Hermes, has entered into a definite agreement with Ignis Energy Holdings, parent company of Spanish independent integrated renewable player Ignis Group.

Key Points: 
  • Vortex Energy will inject over 625 million through its newly launched Vortex Energy IV Fund and its co-investors into Ignis via a series of capital injections, which will be deployed over the coming few years subject to certain conditions.
  • This capital contribution from Vortex Energy will allow Ignis to own and operate a growing share of the projects that it develops.
  • Antonio Sieira, founder and CEO of Ignis: "In Vortex Energy, we have identified a great partner that is aligned with our vision and committed to maximizing Ignis' potential.
  • Karim Moussa, CEO of Vortex Energy: "Ignis has an extraordinary team, with a visionary plan to create an international renewable IPP in the coming years.

PayTabs Egypt wins "Best E-Payment Solution" at Entrepreneur Middle East's Leaders in Fintech Awards 2021

Retrieved on: 
Monday, June 14, 2021

DUBAI, UAE, June 14, 2021 /PRNewswire/ -- PayTabs Egypt, which set up operations in Cairo nearly a year and a half ago, announced that it has received the prestigious "Best E-Payment Solution" award at the 'Leaders in Fintech Awards 2021' presented by Entrepreneur Middle East.

Key Points: 
  • DUBAI, UAE, June 14, 2021 /PRNewswire/ -- PayTabs Egypt, which set up operations in Cairo nearly a year and a half ago, announced that it has received the prestigious "Best E-Payment Solution" award at the 'Leaders in Fintech Awards 2021' presented by Entrepreneur Middle East.
  • The event was attended by the leaders of the region's fintech sector, visionaries, CEOs and founders of accomplished and innovative global brands.
  • Having recently entered the Egyptian market, backed by EFG Hermes, PayTabs Egypt has established a strong presence and reputation within a short time frame.
  • Excited about PayTabs Egypt's first award, PayTabs CEO and founder Abdulaziz Al Jouf said, "This award reflects the dedication and loyalty of our team on the ground in Egypt.

PayTabs Egypt wins "Best E-Payment Solution" at Entrepreneur Middle East's Leaders in Fintech Awards 2021

Retrieved on: 
Monday, June 14, 2021

DUBAI, UAE, June 14, 2021 /PRNewswire/ -- PayTabs Egypt, which set up operations in Cairo nearly a year and a half ago, announced that it has received the prestigious "Best E-Payment Solution" award at the 'Leaders in Fintech Awards 2021' presented by Entrepreneur Middle East.

Key Points: 
  • DUBAI, UAE, June 14, 2021 /PRNewswire/ -- PayTabs Egypt, which set up operations in Cairo nearly a year and a half ago, announced that it has received the prestigious "Best E-Payment Solution" award at the 'Leaders in Fintech Awards 2021' presented by Entrepreneur Middle East.
  • The event was attended by the leaders of the region's fintech sector, visionaries, CEOs and founders of accomplished and innovative global brands.
  • Having recently entered the Egyptian market, backed by EFG Hermes, PayTabs Egypt has established a strong presence and reputation within a short time frame.
  • Excited about PayTabs Egypt's first award, PayTabs CEO and founder Abdulaziz Al Jouf said, "This award reflects the dedication and loyalty of our team on the ground in Egypt.

First Command Reports Third Quarter 2020 Holdings for AMS Program and Banking Affiliate

Retrieved on: 
Monday, October 19, 2020

First Command Financial Services, Inc. announced today that the Asset Management Solutions (AMS) program and the Investment Management Account program closed out the third quarter of 2020 holding approximately $5.5 billion in marketable securities.

Key Points: 
  • First Command Financial Services, Inc. announced today that the Asset Management Solutions (AMS) program and the Investment Management Account program closed out the third quarter of 2020 holding approximately $5.5 billion in marketable securities.
  • First Command Financial Services, Inc. offers financial planning services, AMS and other investment advisory services to individuals and entities.
  • First Command Financial Services and its subsidiaries, including First Command Brokerage Services, First Command Advisory Services and First Command Bank, coach our Nations military families in their pursuit of financial security.
  • 2020 First Command Financial Services, Inc. is the parent company of First Command Brokerage Services, Inc. (Member SIPC , FINRA ), First Command Advisory Services, Inc., First Command Insurance Services, Inc. and First Command Bank.

Vortex Energy sells a controlling stake in its 365MW UK Solar Portfolio to TNB valuing the portfolio at c. GBP 500m

Retrieved on: 
Thursday, September 17, 2020

The portfolio achieved an EBITDA of c.GBP 39mn in 2019 with an 84% EBITDA margin, exceeding its budget and providing attractive cash yields to its shareholders.

Key Points: 
  • The portfolio achieved an EBITDA of c.GBP 39mn in 2019 with an 84% EBITDA margin, exceeding its budget and providing attractive cash yields to its shareholders.
  • Karim Moussa, Head of Private Equity and Asset Management, at EFG Hermes said, "This is a major milestone for Vortex.
  • The exit of Vortex III delivered a 1.5x cash on cash multiple to our investors and an IRR of c. 14%.
  • We look forward to continue growing Vortex Energy's footprint and investing in energy transition businesses and portfolios globally over the coming period."

Federated Investors, Inc. Launches Two Federated Hermes Global Equity Funds

Retrieved on: 
Wednesday, April 24, 2019

PITTSBURGH, April 24, 2019 /PRNewswire/ -- Federated Investors, Inc. (NYSE: FII), one of the world's largest investment managers, today announced the launch of the Federated Hermes Global Equity Fund and the Federated Hermes Global Small Cap Fund.

Key Points: 
  • PITTSBURGH, April 24, 2019 /PRNewswire/ -- Federated Investors, Inc. (NYSE: FII), one of the world's largest investment managers, today announced the launch of the Federated Hermes Global Equity Fund and the Federated Hermes Global Small Cap Fund.
  • The Federated Hermes Global Equity Fund follows the investment strategy of the $2.5 billion1 Hermes Global Equity ESG strategy, launched in May 2013.
  • The Federated Hermes Global Equity Fund is advised by Federated Global Investment Management Corp. and sub-advised by Hermes Investment Management Limited.
  • The Federated Hermes Global Small Cap Fund is advised by Federated Global Investment Management Corp. and sub-advised by Hermes Investment Management Limited.

United Nations Global Compact Recognizes Hanaa Helmy, CEO of the EFG Hermes Foundation and Head of CSR as a 2018 SDG Pioneer

Retrieved on: 
Wednesday, September 19, 2018

Today, the United Nations Global Compact announced ten SDG Pioneers for 2018 .

Key Points: 
  • Today, the United Nations Global Compact announced ten SDG Pioneers for 2018 .
  • Among the SDG Pioneers selected this year is Hanaa Helmy, CEO of the EFG Hermes Foundation and Head of CSR.
  • The SDG Pioneers will be recognized during the UN Global Compact Leaders Summit 2018 on 24 September at the Headquarters of the United Nations in New York.
  • The EFG Hermes Foundation for Social Development, headed by Hanaa Helmy, implements integrated sustainable development programmes.