EFG, which has yet to report full-year 2013 earnings, has seen its annual profits slide sharply since 2011, when Mubarak was deposed.
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All necessary regulatory approval gained before termination date of 4 May, except EFSAs
Hard to complete deal by date without EFSA approval, says EFG
Qandil expects project will attract over $100bn in investments and create 700,000 new job opportunities
Katounas has 15 years of experience in investment banking sector
Actis is an emerging markets investor with US$5.2 billion funds under management. Through the expertise of over 120 investment professionals on the ground in twelve countries, Actis identifies investment opportunities in three areas: private equity, infrastructure and real estate. Daily News spoke to Actis’s Director in Egypt about the current business environment in Egypt, the challenges as well as the solutions to reposition Egypt as an attractive investment destination.
Company revenues rose 8% throughout 2012, with growth in Hermes’ investment banking sector rising 4%, totaling EGP 694m
The Qatari partner will hold a 60% stake in the new venture, to be named EFG Hermes Qatar, with EFG Hermes holding the rest
Al-Saeed expects the market to resume its positive performance Wednesday despite price fluctuations.
By Nadia Saleem and Patrick Werr / Reuters DUBAI/CAIRO: Egyptian group EFG Hermes and Qatari Islamic investment bank QInvest are in talks about a possible merger of some operations to create an investment bank covering the Arab world, Africa, Turkey and south and southeast Asia. The venture would include securities brokerage, asset management and investment banking …