prevents shareholders from experiencing a further annual dilution, due to the issue of shares from conditional capital in connection with its employee incentive plans.
Also on Tuesday, Franck Cammas' EFG
Bank team posted its first race victory of the Tour in the second stadium race.
The equalisation of both entities' ratings also takes into account EFG
's role as holding company and our expectation that double leverage (which increased to 122% at end-2017 following BSI's integration) will rapidly revert to its historical level of close to 100% once capital allocation within the group has been optimised.
Hermes, a leading financial services corporation in frontier and emerging markets, has successfully concluded the $226 million sale of 17 per cent of Humansoft Holding Company K.S.C.P (Humansoft), the GCC's largest private tertiary education company, by Al Othman Commercial Enterprises Company (Al Othman) in a widely marketed accelerated equity offering.
Hermes announced it will acquire Primera Africa, a brokerage house in Nigeria.
Prior to this prestigious ranking, EFG
Hermes was named the top Africa Ex-South Africa Equities House at the Financial Mail Top Analyst Awards 2018, solidifying its strong presence in the African market.
New Access thereby provides EFG
with a front-end solution suite, which not only meets the bank's technical needs but is also fully compliant with all latest regulatory requirements.
Scheme backs finance-seeking SMEs with a credit guarantee.
Muscat: French team Beijaflore were crowned the new champions of EFG
Sailing Arabia - The Tour (SATT) ending a four-year winning streak for rivals EFG
Bank Monaco as the regatta came to a climax on Sunday.
According to EFG
Hermes, the net profit achieved from the company's continued operations in Q2 of 2017 after tax and minority interest increased by 718% year-on-year (y-o-y) to reach EGP 395m, while operating revenues climbed 252% in the same period to go beyond the EGP 1bn mark.
In order to achieve the targeted synergies from this investment, EFG
Hermes said it will seek the consent of its clients to contribute its regional (non-Egypt related) portfolios and funds into FIM during the coming six months.
Based on the EFG
International share price of CHF 5.27 as at closing, the final price is equivalent to CHF 971m (USD 1bn).