Latest news with #EFGHermes
Business Recorder
4 days ago
- Business
- Business Recorder
Indian jeweller Titan to buy large stake in Dubai's Damas
Titan Company will buy a 67% stake in Dubai-based luxury jeweller Damas at an enterprise value of 1.04 billion dirham ($283.2 million), making it one of the largest Indian jewellers in the Middle East. The Tata Group company expects to complete the deal by January 31, 2026 and will have the right to acquire the remaining 33% stake in Damas after December 31, 2029, it said in an exchange filing on Monday. Titan has had a presence in the UAE since October 2020 through its Tanishq jewellery stores. After the deal, Titan, which has about seven stores in the United Arab Emirates, will gain access to Damas' 146 stores across the six GCC countries – UAE, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain. The Middle East is home to a large Indian diaspora, for whom gold is a traditional investment choice. Asia gold: India demand muted despite price correction; buying picks up in China, Singapore Other Indian jewellers in the region include the likes of Kalyan Jewellers, Joy Allukkas and Malabar Gold & Diamonds. Damas, which was previously listed on Nasdaq Dubai, was taken over by Qatar's Mannai Corporation and Egyptian investment bank EFG Hermes in 2012 for $445 million. EFG Hermes sold its entire 19% stake in the jeweller in 2014 to Mannai. Standard Chartered was Titan's advisor for the deal.
Zawya
16-07-2025
- Business
- Zawya
Egypt: EFG Hermes advises on Nesma & Partners' acquisition of AYTB
Arab Finance: EFG Hermes, an EFG Holding Company, has concluded its advisory role to Nesma & Partners on the acquisition of Al Yusr Industrial Contracting Company (AYTB), according to a press release. Through its Investment Banking division, EFG Hermes acted as the sole buyside financial advisor to Nesma & Partners, a leading integrated project solutions company in Saudi Arabia. Saud Altassan, CEO of EFG Hermes KSA, commented: 'This transaction is a strong testament to the strength and depth of Saudi Arabia's industrial sector and reflects our commitment to empowering key national players that are actively shaping the Kingdom's transformation.' 'We are honored to have supported Nesma & Partners on this important milestone and remain focused on driving impactful, value-creating advisory work that aligns with Vision 2030's goals of localization, diversification, and sustainable growth,' added the CEO. On his part, Karim Meleka, Co-Head of Investment Banking at EFG Hermes, said: 'This transaction marks a pivotal moment in Nesma & Partners' evolution and enhances its capacity to deliver high-value services across the whole asset lifecycle.' AYTB, a provider of industrial services in Saudi Arabia, brings over four decades of specialized expertise in operations and maintenance (O&M), manufacturing, and industrial services across critical sectors. It operated in the oil and gas, petrochemicals, and power generation. Following the transaction, AYTB will continue to operate as an independent company within the Nesma & Partners group, maintaining its organizational structure, brand, and operational autonomy. With a strong legacy in contracting, Nesma & Partners launched its business in 1981 as a contracting firm to meet the growing demands in the Kingdom. It has scaled its footprint locally through its contracting and industrial services and globally through its fully-owned subsidiary, Kent, a renowned leader in engineering and project management services. The group is currently delivering end-to-end, reliable, and innovative services across the energy, infrastructure, and building sectors, spanning consulting, engineering, construction, commissioning, operations, and maintenance. It is jointly owned by Nesma Contracting Limited, Alturki Holding, Rawabi Holding, and the Public Investment Fund (PIF). In line with Saudi Arabia's Vision 2030, Nesma & Partners seeks to achieve national transformation through consistent innovation, strategic capacity building, contributing to driving sustainable growth. Since the beginning of 2025, EFG Hermes has advised on five M&A transactions and six equity capital market (ECM) agreements across the region, including Egypt, the UAE, Saudi Arabia, and Oman. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
bnok24
15-07-2025
- Business
- bnok24
EFG Hermes Advises Nesma & Partners on Strategic Acquisition of Al Yusr Industrial Contracting Company (AYTB)
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its Investment Banking division has successfully concluded its advisory role to Nesma & Partners, the leading integrated projects solutions company in Saudi Arabia, on the acquisition of Al Yusr Industrial Contracting Company (AYTB), a prominent provider of industrial services in the Kingdom. EFG Hermes acted as the sole buyside financial advisor to Nesma & Partners Saud Altassan, CEO of EFG Hermes KSA, added: 'This transaction is a strong testament to the strength and depth of Saudi Arabia's industrial sector and reflects our commitment to empowering key national players that are actively shaping the Kingdom's transformation. We are honored to have supported Nesma & Partners on this important milestone and remain focused on driving impactful, value-creating advisory work that aligns with Vision 2030's goals of localization, diversification, and sustainable growth Commenting on the transaction, Karim Meleka, Co-Head of Investment Banking at EFG Hermes, said: 'We are proud to have supported Nesma & Partners in executing this strategic acquisition, which reflects our continued commitment to advising regional champions as they grow, transform, and contribute to national development priorities. This transaction marks a pivotal moment in Nesma & Partners' evolution and enhances its capacity to deliver high-value services across the whole asset lifecycle AYTB brings over four decades of specialized expertise in operations and maintenance (O&M), manufacturing, and industrial services across critical sectors such as oil & gas, petrochemicals, and power generation. AYTB will continue to operate as an independent company within the Nesma & Partners group, preserving its organizational structure, brand, and operational autonomy Nesma & Partners group is the leading provider of integrated project solutions in the Kingdom of Saudi Arabia. With a strong legacy in contracting, Nesma & Partners has grown its footprint both locally through its contracting and industrial services and globally through its wholly owned subsidiary, Kent, a renowned leader in engineering and project management services What began in 1981 as a contracting firm to meet the growing demands of an emerging economy in the rapidly developing Kingdom of Saudi Arabia, has evolved today into a diversified group delivering end-to-end, reliable, and innovative services across the energy, infrastructure, and building sectors, spanning consulting, engineering, construction, commissioning, operations, and maintenance Jointly owned by Nesma Contracting Limited, Alturki Holding, Rawabi Holding, and the Public Investment Fund (PIF), the group is deeply committed to Saudi Arabia's Vision 2030, driving national transformation through consistent innovation, strategic capacity building, and a firm dedication to sustainable growth Since the beginning of the year, EFG Hermes has advised on 5 M&A transactions and 6 ECM transactions across the region, including landmark transactions in Egypt, UAE, Saudi Arabia, and Oman, underscoring its leadership in regional markets Google News تابعونا على تابعونا على تطبيق نبض
Zawya
15-07-2025
- Business
- Zawya
EFG Hermes advises Nesma & Partners on strategic acquisition of Al Yusr Industrial Contracting Company
This strategic investment positions Nesma & Partners as the leading integrated industrial services platform, enhancing its capabilities across the energy, infrastructure, and industrial sectors in alignment with Saudi Arabia's Vision 2030 development objectives. Riyadh, EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its Investment Banking division has successfully concluded its advisory role to Nesma & Partners, the leading integrated projects solutions company in Saudi Arabia, on the acquisition of Al Yusr Industrial Contracting Company (AYTB), a prominent provider of industrial services in the Kingdom. EFG Hermes acted as the sole buyside financial advisor to Nesma & Partners. Saud Altassan, CEO of EFG Hermes KSA, added: 'This transaction is a strong testament to the strength and depth of Saudi Arabia's industrial sector and reflects our commitment to empowering key national players that are actively shaping the Kingdom's transformation. We are honored to have supported Nesma & Partners on this important milestone and remain focused on driving impactful, value-creating advisory work that aligns with Vision 2030's goals of localization, diversification, and sustainable growth.' Commenting on the transaction, Karim Meleka, Co-Head of Investment Banking at EFG Hermes, said: 'We are proud to have supported Nesma & Partners in executing this strategic acquisition, which reflects our continued commitment to advising regional champions as they grow, transform, and contribute to national development priorities. This transaction marks a pivotal moment in Nesma & Partners' evolution and enhances its capacity to deliver high-value services across the whole asset lifecycle.' AYTB brings over four decades of specialized expertise in operations and maintenance (O&M), manufacturing, and industrial services across critical sectors such as oil & gas, petrochemicals, and power generation. AYTB will continue to operate as an independent company within the Nesma & Partners group, preserving its organizational structure, brand, and operational autonomy. Nesma & Partners group is the leading provider of integrated project solutions in the Kingdom of Saudi Arabia. With a strong legacy in contracting, Nesma & Partners has grown its footprint both locally through its contracting and industrial services and globally through its wholly owned subsidiary, Kent, a renowned leader in engineering and project management services. What began in 1981 as a contracting firm to meet the growing demands of an emerging economy in the rapidly developing Kingdom of Saudi Arabia, has evolved today into a diversified group delivering end-to-end, reliable, and innovative services across the energy, infrastructure, and building sectors, spanning consulting, engineering, construction, commissioning, operations, and maintenance. Jointly owned by Nesma Contracting Limited, Alturki Holding, Rawabi Holding, and the Public Investment Fund (PIF), the group is deeply committed to Saudi Arabia's Vision 2030, driving national transformation through consistent innovation, strategic capacity building, and a firm dedication to sustainable growth. Since the beginning of the year, EFG Hermes has advised on 5 M&A transactions and 6 ECM transactions across the region, including landmark transactions in Egypt, UAE, Saudi Arabia, and Oman, underscoring its leadership in regional markets. -ENDS- About EFG Holding EFG Holding (EGX: – LSE: EFGD) is a financial institution that boasts a remarkable 40-year legacy of success in seven countries spanning two continents. Operating within three distinct verticals — the Investment Bank (EFG Hermes), Non-Bank Financial Institutions (NBFI) (EFG Finance), and Commercial Bank (Bank NXT) — the company provides a comprehensive range of groundbreaking financial products and services tailored to meet the needs of a diverse clientele, including individual clients and businesses of all sizes. EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), offers extensive financial services, encompassing advisory, asset management, securities brokerage, research, and private equity. In its domestic market, EFG Holding serves as a universal bank, with EFG Finance emerging as the fastest-growing NBFI platform, comprising Tanmeyah, a provider of innovative and integrated financial solutions for small business owners and entrepreneurs, EFG Corp-Solutions, which provides leasing and factoring services, Valu, a universal financial technology powerhouse, Bedaya for mortgage finance, Kaf for insurance, and EFG Finance SMEs, which provides financial services for small and medium enterprises. Furthermore, the company delivers commercial banking solutions through Bank NXT, an integrated retail and corporate banking product provider in Egypt.
Gulf Business
09-07-2025
- Business
- Gulf Business
EFG Hermes advises on $190m investment in Alameda Healthcare
Image credit: Suppled photo EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa, announced it has acted as the Sole M&A Financial Advisor on a landmark $190m minority stake investment in Alameda Healthcare, one of Egypt's top private healthcare providers. Read- The investment was led by Development Partners International (DPI) in partnership with a consortium of institutional investors and development finance institutions. Following the transaction, Dr Fahad Khater, Chairman of Alameda, will remain the majority shareholder. The deal, primarily structured as a capital increase, is pending regulatory approvals and is expected to close in Q3 2025. This marks the largest foreign direct investment in Egypt's healthcare sector to date, reinforcing investor confidence in Egypt's high-growth, resilient industries. The transaction will inject foreign currency into Egypt's banking system and support Alameda's expansion both locally and in the GCC markets. Strategic expansion supported by capital injection 'This is a proud moment for EFG Hermes as we continue to deliver on our promise to guide clients through transformational transactions,' said Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes. 'Securing a $190m investment for one of the region's fastest-growing healthcare platforms reflects our strong advisory capabilities and deep market expertise.' Alameda, under Dr Khater's leadership, plans to use the proceeds to scale its hospital operations and increase clinical capacity. The funding will support expansion in Egypt, Saudi Arabia, the UAE, and other GCC countries, bolstering its position as a regional healthcare leader. El Ayouti added that the firm's advisory role in this transaction is part of a broader track record of M&A excellence. Over the past 18 months, EFG Hermes has advised on M&A deals worth more than $2.5bn. Since the start of 2025, the investment bank has closed four M&A transactions, along with seven DCM and seven ECM deals across Egypt, the UAE, Saudi Arabia, and Oman. The investment represents a key milestone in both Alameda's growth journey and EFG Hermes's continued dominance in regional capital markets.
