Latest news with #EFGHolding
El Fagr
15 hours ago
- Business
- El Fagr
Tanmeyah Leads the Development of El Zaharaa Square in Al Maadi as Part of Its ESG Commitment
Tanmeyah، a subsidiary of EFG Holding، and a leading provider of innovative and integrated financial solutions for small business owners and entrepreneurs has spearheaded the development of El Zaharaa Square، a major public space located at the intersection of Al Zahraa Street and El Khamseen Street in Al Maadi، in a move that underscores its steadfast commitment to community development and environmental sustainability. This initiative is a key milestone in Tanmeyah's broader Environmental، Social، and Governance (ESG)strategy، reflecting the company's long-term vision to enhance public spaces and improve quality of life for the communities it serves. The project was executed in close coordination with several key stakeholders، including the Cairo Governorate، the Office of the Deputy Governor for South Cairo، the Al Basateen and Al Maadi District Authorities، the National Organization for Urban Harmony and the Cleaning and Landscaping Authority. It was undertaken under the esteemed patronage of the Financial Regulatory Authority. This collaboration builds on Tanmeyah's ongoing partnerships with local authorities، having previously joined forces with the Al Basateen District and the National Organization for Urban Harmony in December 2024 to redevelop Palestine Square and Ahmed Abd El-Azeem Street in Al Maadi—further underscoring the company's sustained commitment to enhancing public spaces and fostering community development in the areas it operates. Spanning 8،600 square meters، El Zaharaa Square is one of the largest public squares in Greater Cairo. Its selection for this development project was a strategic one—its central location in Al Maadi، where Tanmeyah is headquartered، makes it a focal point for positive urban transformation. Jinu Johnson، CEO and Managing Director of Tanmeyah، commented: 'This initiative is a testament to our deep-rooted belief that businesses thrive when communities flourish. By enhancing El Zaharaa Square، we're not just improving infrastructure—we're helping create a more vibrant، inclusive، and livable urban space for everyone. It's a meaningful step in our ongoing journey toward sustainability and shared growth.' This development marks another chapter in Tanmeyah's ongoing efforts to integrate sustainability into its operations while giving back to the community through impactful، long-lasting initiatives.
Zawya
16 hours ago
- Business
- Zawya
Tanmeyah leads the Development of El Zaharaa Square in Al Maadi as part of its ESG commitment
Cairo, Tanmeyah, a subsidiary of EFG Holding, and a leading provider of innovative and integrated financial solutions for small business owners and entrepreneurs has spearheaded the development of El Zaharaa Square, a major public space located at the intersection of Al Zahraa Street and El Khamseen Street in Al Maadi, in a move that underscores its steadfast commitment to community development and environmental sustainability. This initiative is a key milestone in Tanmeyah's broader Environmental, Social, and Governance (ESG) strategy, reflecting the company's long-term vision to enhance public spaces and improve quality of life for the communities it serves. The project was executed in close coordination with several key stakeholders, including the Cairo Governorate, the Office of the Deputy Governor for South Cairo, the Al Basateen and Al Maadi District Authorities, the National Organization for Urban Harmony and the Cleaning and Landscaping Authority. It was undertaken under the esteemed patronage of the Financial Regulatory Authority. This collaboration builds on Tanmeyah's ongoing partnerships with local authorities, having previously joined forces with the Al Basateen District and the National Organization for Urban Harmony in December 2024 to redevelop Palestine Square and Ahmed Abd El-Azeem Street in Al Maadi—further underscoring the company's sustained commitment to enhancing public spaces and fostering community development in the areas it operates. Spanning 8,600 square meters, El Zaharaa Square is one of the largest public squares in Greater Cairo. Its selection for this development project was a strategic one—its central location in Al Maadi, where Tanmeyah is headquartered, makes it a focal point for positive urban transformation. Jinu Johnson, CEO and Managing Director of Tanmeyah, commented: 'This initiative is a testament to our deep-rooted belief that businesses thrive when communities flourish. By enhancing El Zaharaa Square, we're not just improving infrastructure—we're helping create a more vibrant, inclusive, and livable urban space for everyone. It's a meaningful step in our ongoing journey toward sustainability and shared growth.' This development marks another chapter in Tanmeyah's ongoing efforts to integrate sustainability into its operations while giving back to the community through impactful, long-lasting initiatives. Abou t Tanmeyah Tanmeyah is one of Egypt's leading providers of innovative and integrated financial solutions for small business owners and entrepreneurs. Founded in 2009 and acquired by EFG Holding in 2016, Tanmeyah offers a comprehensive range of products and services specifically designed to empower entrepreneurs in underserved areas and communities across Egypt. These include financing solutions, insurance services, and digital payment tools, delivered through its extensive branch network and digital platforms, and in collaboration with strategic partners—enabling clients to grow and manage their businesses effectively. This is rooted in the company's role in supporting the local economy, combating poverty, raising financial literacy, and elevating the well-being of underserved communities. Through ongoing digital transformation and the promotion of cashless transactions, Tanmeyah also contributes to reducing carbon emissions and enhancing financial inclusion. Since its inception, Tanmeyah has issued nearly 3 million financing facilities for projects of various sizes and sectors. The company currently operates over 354 branches across 25 Egyptian governorates, serving more than 50,000 new clients each month, and supported by a near of 6,000 employees.
Zawya
21-07-2025
- Business
- Zawya
National Printing Company announces its intention to float on the Egyptian Stock Exchange
RELATED TOPICS IPO RELATED COMPANIES National Printin CBUAE Dubai Fincl Western Union Uniboard Canada Egypt Greenfield Invts ADGM EFG Holding Delta El Shorouk National Printin Cairo: National Printing S.A.E. ('National Printing' or the 'Company' or the 'Group'), Egypt's leading integrated printing and packaging platform, today announced its intention to proceed with an initial public offering (the 'IPO' or the 'Offering') of its ordinary shares on the Egyptian Exchange ('EGX'). The Offering is expected to consist of a secondary sale of up to 21,171,040 existing ordinary shares, representing 10.0% of the Company's issued share capital, by National Printing International Holding S.A.L., Grandview Investment Holdings Corp and other minority shareholders (the 'Selling Shareholders'). The offering will include (i) a private tranche which is fully committed to by Mr. Omran Mohammed AlOmran a leading Saudi Arabian entrepreneur and investor as an anchor investor (' Cornerstone Investor ') in the IPO (' Private Tranche ') and (ii) a public tranche open for public subscription (' Public Tranche ') (collectively the ' Combined Offering '). Details of the Combined Offering are outlined in the Offering Highlights section, below. Both the Private Tranche and Public Tranche will be offered at the same price per share (the ' Offer Price '). National Printing is currently in the process of obtaining the required approvals with regards to the Offering, including approval of the public subscription notice (the 'PSN') and any other approvals from the Financial Regulatory Authority ('FRA'). Prospective investors are expected to be able to subscribe to the Public Tranche between 27th July 2025 and 31st July 2025, subject to obtaining the relevant regulatory approvals and prevailing market conditions. National Printing's shares have been listed on the EGX under the symbol About National Printing Founded by the El Moallem family, paper and packaging industry veterans with a legacy dating back to 1979, National Printing has grown through decades of strategic development into one of the MENA region's largest integrated printing and packaging platforms. The journey began with the establishment of Modern Shorouk for Printing and Packaging S.A.E. ('Shorouk'), which quickly became one of Egypt's leading printing houses. In 2003, the Group expanded its footprint by launching Windsor, further broadening its product offering. Building on this foundation, the El Moallem family partnered with Grandview Investment Holdings in 2006 to create National Printing as a dedicated platform to consolidate and grow their printing and packaging operations. This strategy led to the acquisition of El Baddar for Packaging, strengthening the Group's corrugated capabilities, followed by the establishment of El Motaheda for Paper and Carton S.A.E. (Uniboard) which commenced operations in 2017, and has become one of the largest producers of duplex board in the region. Today, National Printing operates through these four main subsidiaries—Shorouk, Uniboard, El Baddar for Packaging, and Windsor—serves over 690 clients across approximately 15 sectors, including FMCG, pharmaceuticals, white goods, and education. The Group has established leading market shares across the different subsidiaries, with a portfolio of blue-chip customers and multinationals with which the company has formed a longstanding relationship reaching 690 customers over c.15 sectors whereby c.80% of the Group's customer base have been dealing with the Group for more than 3 years. The Group's facilities are located in Obour and Sadat Cities, achieving annual output exceeding 230,000 tons as of FY2024. National Printing combines state-of-the-art machinery across its subsidiaries, operating a robust, vertically integrated business model that enables comprehensive control over product quality, cost efficiency, and supply chain reliability. This integration allows the Company to optimize raw material sourcing, streamline manufacturing workflows, and maintain consistent standards across its diverse product portfolio. Moreover, approximately 80% of the Company's cost base is denominated in Egyptian Pounds, supporting a favorable cost structure and a high degree of reliance on local suppliers for raw materials and inputs. This predominantly local cost base, combined with the Company's commitment to quality and operational efficiency, has enabled National Printing to deliver products that meet international standards. As a result, the Company has successfully established itself as a leading exporter of printing and packaging products, with export sales contributing approximately 25% of total revenue in FY2024. The Company's consolidated revenue amounted to EGP 7,140 million in 2024 and EGP 1,729 million in Q1 of 2025. During the same periods, the Company reported a consolidated EBITDA of EGP 1,642 million and EGP 394 million, reflecting solid margins of 23.0% and 22.8%, respectively. For further information, please contact: Key Highlights Operating in One of the Largest and Fastest Growing Economies in the Region with Solid Consumer-Driven Demand Growth Egypt has the largest population in the MENA region, exceeding 100 million people, with favorable demographic trends that support sustained growth in consumer demand. Rising rates of urbanization, expanding organized retail channels, and increasing consumer sophistication are driving strong demand for high-quality packaging solutions across a broad range of end-markets. The majority of household spending in Egypt is directed toward essential categories such as food and beverage, healthcare, and personal care, which are sectors inherently served by the printing and packaging industry. Strong Market Position Across Core Segments Shorouk is the Group's cornerstone printing operation, with nearly five decades of experience, Shorouk produces folding cartons and high-end printed materials. Uniboard is the main producer of duplex board in Egypt and one of the largest in the MENA region, with a capacity exceeding 150,000 tons as of 2024. Uniboard's duplex board serves as a high-quality raw material used by both internal Group subsidiaries and external customers to produce a wide range of finished packaging solutions, including folded cartons and printed boxes. The business has established itself as an import substitute in the local market and a significant exporter, supplying customers who convert duplex board into end products across multiple industries. El Baddar for Packaging, produces corrugated sheets, American boxes, die-cut cartons, and custom corrugated solutions. Baddar's Obour City facilities have been significantly modernized and expanded to meet growing demand across domestic and export markets. Windsor, the Group's specialized paper products and chemicals subsidiary, complements the core packaging operations with production of paper cups, varnishes, and supporting inputs that are also supplied internally to other Group entities, reinforcing National Printing's vertically integrated model. Collectively, the Group's subsidiaries provide a full suite of printing and packaging solutions across the value chain, leveraging their scale, technical expertise, and longstanding customer relationships to maintain leading positions across multiple product categories. Catering to Defensive Industries, Benefiting from High Barriers to Entry, and Generating Significant Export Revenues Against an EGP-Denominated Cost Base National Printing provides a strong proxy to defensive industries by serving a wide range of end-markets, including FMCG, food and beverage, pharmaceuticals, education, and e-commerce. These sectors are characterized by consistent demand for essential products, providing the Company with resilient sales even during periods of macroeconomic volatility. The Group's integrated operations and scale are supported by substantial barriers to entry, including high capital expenditure requirements, technical expertise, extended timelines to reach efficient production levels, and longstanding relationships with blue-chip customers across multiple sectors. Approximately 80% of the Company's cost base is denominated in Egyptian Pounds, creating a structurally attractive cost advantage that, together with a well-developed export platform contributing around 25% of FY2024 revenue, supports a steady stream of foreign currency earnings to fund imported raw materials and reduce exposure to currency fluctuations. Longstanding Client Relationships, with a Client Portfolio Comprising of Market Leaders Across Different Sectors National Printing has developed longstanding relationships with a diversified base of blue-chip customers, including companies in FMCG, pharmaceuticals, food and beverage, and industrial sectors. Approximately 80% of the Company's customers have maintained relationships for more than three years, reflecting a track record of reliability. The customer portfolio is well-balanced across sectors, with a diversified industry footprint, supporting the Company's resilience and stability. Capitalizing on a Strong Export Platform and Favorable Cost Structure to Support Growth and Foreign Currency Generation National Printing has established an export presence that contributed approximately 25% of total revenue in FY2024, reflecting the Company's ability to meet international quality standards and maintain strong relationships with customers outside Egypt. With a predominantly EGP-denominated cost base and a well-developed export platform, National Printing generates a stable stream of foreign currency revenues to fund imported raw materials and meet its foreign currency requirements. State-of-the-Art Manufacturing Facilities Utilizing Top Tier Machinery National Printing operates state-of-the-art manufacturing facilities fitted with high-quality machinery sourced from leading international manufacturers, supporting efficient production across its diversified product range. These well-equipped facilities enable National Printing to meet diverse customer requirements, maintain consistent product standards, and deliver large-volume orders to both local and export clients. Fully Integrated Business Model Allowing for Control Over the Production Cycle and Supported by Adherence to Highest International Quality Standards and Approach Towards Sustainability & Energy Efficiency National Printing operates a fully integrated business model covering the entire production cycle, from sourcing and manufacturing raw materials to producing a wide range of finished packaging products. This integration allows the Company to maintain control over quality, cost efficiency, and delivery timelines. The Company adheres to the highest international quality standards across all its operations and has received multiple certifications and awards recognizing its commitment to excellence, including ISO certifications and acknowledgments from key industry bodies. National Printing is also committed to sustainability and energy efficiency, implementing initiatives to optimize resource consumption and reduce environmental impact. As part of these efforts, the Company used approximately 125,000 tons of recycled paper in 2024. Ample Room to Expand Production Capabilities to Support Expansion Vision and Growth Plan on the Back of a Proven Track Record of Greenfield Investments and Inorganic Expansion National Printing has a clear strategy to pursue both organic and inorganic growth opportunities, including potential investments to expand capacity across its core product segments and explore selective acquisitions that can further strengthen its market position and product offering. The Company has a proven track record of executing greenfield projects and inorganic growth initiatives, demonstrated by the establishment of Uniboard and Windsor, as well as the acquisition and successful integration of Baddar, all of which have contributed to scaling operations and diversifying the product portfolio. This strong history of expansion provides the Company with the capabilities and expertise required to deliver future growth and capture new opportunities in the Egyptian and regional markets. Robust Financial Performance with Solid Growth and Margin Profile National Printing has delivered strong financial performance, with total revenue reaching EGP 7,140 million in 2024 and EGP 1,729 million in the first quarter of 2025. The Company achieved EBITDA of EGP 1,642 million in 2024 and EGP 394 million in Q1 2025, corresponding to solid margins of 23.0% and 22.8%, respectively. This consistent growth and healthy profitability demonstrate the resilience of the business model and the Company's ability to maintain strong margins while scaling operations. Experienced Owner-Led Management Team with Ample Experience in the Printing and Packaging Sector National Printing is led by an experienced management team with deep sector expertise and a long track record of successfully operating and growing printing and packaging businesses. The Company benefits from active ownership by the founding family, who have been involved in the industry for a long time and remain committed to driving strategic growth and operational excellence. Offering Highlights Upon obtaining final approvals from the FRA and the EGX, the Company will offer shares representing 10% of its share capital representing 21,171,040 ordinary shares The 10% Combined Offering includes: (i) 10,585,520 shares allocated the Cornerstone Investor (Omran Mohammed AlOmran) in connection with the Private Tranche; and ii) 10,585,520 shares in the Public Tranche. Prospective investors are expected to be able to subscribe to the Public Tranche between 27th July 2025 and 31st July 2025, subject to obtaining the relevant regulatory approvals and prevailing market conditions. The Selling Shareholders comprise of Grandview Investment Holdings Corp., which holds 1.75% of the share capital of National Printing; National Printing International Holding S.A.L., which holds 8.25% of the share capital; and other minority investors. EFG Hermes Promoting & Underwriting S.A.E. is sole global coordinator for the Combined Offering. Zulficar and Partners is serving as local counsel to the Issuer. —ENDS— Important Notice The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness, or completeness. The announcement is for informational purposes only and does not constitute an offer of securities for sale or a solicitation of any offer to buy securities in the United States, Australia, Canada, Japan, Egypt, or any other jurisdiction in which such an offer or solicitation is unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act'), or the laws of any state or other jurisdiction of the United States, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws. No public offering of securities will be made in the United States. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada, or Japan, or for the account or benefit of, any national, resident or citizen of Australia, Canada, or Japan. Copies of this announcement are not being, and should not be, distributed, or sent into the United States, Australia, Canada, or Japan. This announcement is an advertisement and not a prospectus and does not constitute or form a part of any offer or solicitation to purchase or subscribe for, or otherwise invest in, securities in any jurisdiction, including in the United States, Australia, Canada, Japan, Egypt or elsewhere. Any offer to acquire shares in the Company ('Shares') pursuant to the proposed Offering will be made, and any investor in the Offering should make his investment, solely on the basis of information that is contained in the public subscription notice expected to be published by the Company after ratification by the FRA in due course (the 'PSN'). Any offer to acquire shares which are part of the Public Tranche will be made, and any investor in the Public Tranche should make his investment, solely on the basis of the information that is contained in the PSN. This announcement and any offer if made subsequently is directed only at persons in member states of the European Economic Area ('EEA') who are 'qualified investors' within the meaning of Article 2(e) of Regulation (EU) 2017/1129, as amended from time to time (the 'Prospectus Regulation'), ("Qualified Investors"). In addition, in the United Kingdom, this announcement and any offer if made subsequently is directed only at Qualified Investors as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of the domestic law of the United Kingdom by virtue of the European Union Withdrawal Act 2018 ('UK Prospectus Regulation'), as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, who are also (i) persons who have professional experience in matters relating to investments falling within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order'), (ii) high net worth entities falling within Article 49(2) of the Order or (iii) other persons to whom it may lawfully be communicated (all such persons together being referred to as "relevant persons"). This announcement must not be acted on or relied on (i) in any member state of the European Economic Area, by any person who is not a Qualified Investor (ii) in the UK, by any person who is not a relevant person. Any person in the EEA who acquires the securities in any offer (an investor) or to whom any offer of the securities is made will be deemed to have represented and agreed that it is a Qualified Investor. Any investor in the UK is deemed to have represented and agreed that it is a relevant person. Any investor will also be deemed to have represented and agreed that any securities acquired by it in the Offering have not been acquired on behalf of persons in the EEA other than Qualified Investors and other member states (where equivalent legislation exists) or relevant persons in the UK for whom the investor has authority to make decisions on a wholly discretionary basis, nor have the securities been acquired with a view to their offer or resale in the EEA to persons where this would result in a requirement for publication by the Company or any other manager of a prospectus pursuant to Article 3 of the Prospectus Regulation. The Company, EFG Hermes Promoting and Underwriting S.A.E. ('EFG Hermes'), and their respective affiliates, and others will rely on the truth and accuracy of the foregoing representations and agreements. This announcement does not constitute or form part of any offer or any solicitation to purchase nor shall it or the fact of its distribution, form the basis of, or be relied on in any purchase. Except for any offer of Shares as part of the Public Tranche, the securities must not be offered, sold, or purchased except in circumstances that do not constitute a public offering. This announcement and any subsequent offer of securities may be restricted by law in certain jurisdictions and persons receiving this announcement or any subsequent offer should inform themselves about and observe any restriction. Failure to comply with these restrictions may violate securities laws of certain jurisdictions. In Egypt, the Offering, when effected, will only be addressed to, and directed at "qualified individual investors", "public entities" or "qualified financial institutions" as defined in the FRA Board decision no. 48 for the year 2019. Prior to the approval of the public subscription notice by the Egyptian Financial Regulatory Authority ('FRA'), no information, which is normally included in public subscription notices or other promotional activities relating to the Offering may be released or conducted. However, following the submission of the public subscription notice to the FRA for approval, advertisements, circulars, letters, and other information related to the Company's general business activities and the Offering may be released or distributed, provided that in all cases it is clearly indicated that the FRA has not yet approved the public subscription notice. This document does not constitute a public offering or a private placement of securities of any offer, which requires a license from the FRA. Investors in Egypt should only refer to and make purchases based solely in reliance on the PSN to be reviewed and approved by the FRA. This announcement has not been reviewed, verified, approved and/or licensed by the Central Bank of the UAE, the Securities and Commodities Authority of the UAE and/or any other relevant licensing authority in the UAE including any licensing authority incorporated under the laws and regulations of any of the free zones established and operating in the territory of the UAE, including the Financial Services Regulatory Authority, a regulatory authority of the Abu Dhabi Global Market (the 'ADGM'), and the Dubai Financial Services Authority, a regulatory authority of the Dubai International Financial Centre (the 'DIFC'), or any other authority in any other jurisdiction. This announcement may not be distributed in the Kingdom of Saudi Arabia except to such persons as are permitted under the Rules on the Offer of Securities and Continuing Obligations (the 'Saudi Regulations') issued by the Board of the Capital Market Authority (the 'Capital Market Authority') pursuant to resolution 3-123-2017 dated 09/04/1439H (corresponding to 27/12/2017G), as amended by the board of the CMA pursuant to resolution number 1-53-2025 dated 21/11/1446H. (corresponding to 19/05/2025G). The Capital Market Authority does not make any representation as to the accuracy or completeness of this announcement and expressly disclaims any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this document. Prospective purchasers of the securities referred to herein should conduct their own due diligence on the accuracy of the information relating to the securities. If you do not understand the contents of this announcement, you should consult an authorised financial advisor. This announcement does not constitute a prospectus, nor does it amount to an offer to the public in South Africa as defined in the South African Companies Act, No. 71 of 2008 (as amended) (the "South African Companies Act"). The Offer will not be registered under the South African Companies Act and is only being made in South Africa to persons who fall within the exemptions set out in section 96(1)(a) of the South African Companies Act. Accordingly, this announcement is directed only at persons in South Africa who are (i) persons whose ordinary business is to deal in securities, as principal or agent; (ii) persons who will acquire securities for a total consideration of ZAR1,000,000 or more per single addressee, acting as principal; or (iii) persons as may be otherwise permitted by applicable law. Forward-Looking Statements This announcement contains certain forward-looking statements. A forward-looking statement is any statement that does not relate to historical facts and events, and can be identified by the use of words and phrases like 'according to estimates', 'anticipates', 'assumes', 'believes', 'could', 'estimates', 'expects', 'intends', 'is of the opinion', 'may', 'plans', 'potential', 'predicts', 'projects', 'should', 'to the knowledge of', 'will', 'would' or, in each case their negatives or other similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements containing information on future financial results, plans, or expectations regarding the Company's business and management, the Company's future growth or profitability and general economic and regulatory conditions and other matters affecting the Company. Forward-looking statements reflect the current views of management of future events and are based on management's assumptions and involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. The occurrence or non-occurrence of an assumption could cause the actual financial condition and results of operations of the Company to differ materially from, or fail to meet expectations expressed or implied by, those forward-looking statements. The Company's business is subject to a number of risks and uncertainties that could also cause a forward-looking statement, estimate or prediction to become inaccurate. These risks include fluctuations in the prices of energy, raw materials or employee costs required by the operations of the Company, its ability to retain the services of certain key employees, its ability to launch and create demand for new products, its ability to compete successfully, changes in political, social, legal, regulatory, economic conditions in Egypt, worldwide and Egyptian economic and business trends, adverse legal decisions, the impact of war, unrest and terrorist activity, inflation, interest rate and exchange rate fluctuations, the Company's ability to rely on official statistics and market data and the ability of management to identify accurately and in a timely manner future risks to the business of the Company and manage the risks mentioned above. Accordingly, investors should not rely on the forward-looking statements in this announcement. None of the Company, its management, EFG Hermes, or any of their respective advisors, give any assurance regarding the future accuracy of the opinions set forth in this announcement or as to the actual occurrence of any predicted developments. After the date of this announcement, none of the Company or its management assumes, and each of the Company and its management expressly disclaim, any obligation, except as required by law and the Listing Rules of the EGX, to update any forward-looking statements or to conform these forward-looking statements to the actual results of the Company. Each of EFG Hermes and its respective affiliates as defined under Rule 501(b) of Regulation D under the Securities Act ('affiliates'), expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise. * * * Any subscription or purchase of Shares in the possible Offering should be made solely on the basis of information contained in the PSN, which may be issued by the Company in connection with the possible Offering. The information in this announcement is qualified in its entirety by the information expected to be set out in the PSN (in respect of the Public Tranche) and subject to change. The Company expressly does not undertake to update the information in this announcement. Before subscribing for or purchasing any Shares, persons viewing this announcement should ensure that they fully understand and accept the risks which will be set out in the PSN if published. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. Neither this announcement, nor anything contained herein, shall form the basis of or constitute any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any Shares or any other securities nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefor. The date of IPO (if it proceeds) may be influenced by a variety of factors, which include, among other things, market conditions. The Company may decide not to go ahead with the IPO, and there is, therefore, no guarantee that IPO will occur at all or in accordance with the timing indicated in this announcement. Potential investors should not base their financial decision on this announcement. Acquiring investments to which this announcement relates may expose an investor to a significant risk of losing all of the amount invested. Persons considering making investments should consult an authorised person specialising in advising on such investments. Neither this announcement, nor the documents referred to herein, constitutes a recommendation concerning a possible offer. The value of Shares can decrease as well as increase, and potential investors must be able to bear the risk of loss, including a total loss, on their investments. Potential investors should consult a professional advisor as to the suitability of a possible offer for the person concerned. None of EFG Hermes, or any of its affiliates or any of their or their affiliates' directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for/or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of the announcement or its contents or otherwise arising in connection therewith. EFG Hermes is acting exclusively for the Company and no one else in connection with the possible Offering. They will not regard any other person as their respective clients in relation to the possible Offering and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, nor for providing advice in relation to the possible Offering, the contents of this announcement or any transaction, arrangement or other matter referred to herein. EFG Hermes is regulated by the Financial Regulatory Authority in the Arab Republic of Egypt. In connection with the possible Offering, EFG Hermes and any of its affiliates, may take up a portion of the Shares as a principal position and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such Shares and other securities of the Company or related investments in connection with the possible Offering or otherwise. Accordingly, references in the PSN, once published, to the Shares being issued, offered, subscribed, acquired, placed, or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by any of EFG Hermes and any of its affiliates acting in such capacity. In addition, EFG Hermes and any of its affiliates may enter into financing arrangements (including swaps or contracts for differences) with investors in connection with which they may from time to time acquire, hold, or dispose of Shares. None of EFG Hermes nor any of its affiliates intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so. For the avoidance of doubt, the contents of National Printing's website are not incorporated by reference into, and do not form part of, this announcement. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION AND MAY NOT BE DISTRIBUTED IN OR INTO THE UNITED STATES OR TO U.S. PERSONS. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933 AS AMENDED (THE 'SECURITIES ACT'). THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT AN OFFERING CIRCULAR. INVESTORS SHOULD NOT PURCHASE OR SUBSCRIBE FOR ANY TRANSFERABLE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT OTHER THAN SOLELY ON THE BASIS OF INFORMATION CONTAINED IN THE PUBLIC SUBSCRIPTION NOTICE, AS SUPPLEMENTED BY THE PRICING NOTIFICATION IN ITS FINAL FORM TO BE PUBLISHED BY NATIONAL PRINTING S.A.E. IN DUE COURSE IN CONNECTION WITH THE PROPOSED COMBINED OFFERING REFERRED TO HEREIN
Tahya Masr
29-06-2025
- Business
- Tahya Masr
Valu Closes its 16th Securitized Bond Issuance, Worth EGP 858.9 Million
Valu, MENA's leading universal financial technology powerhouse, announced today the successful closing of its 16th securitized bond issuance, valued at EGP 858.9 million, in collaboration with EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA). The issuance is the sixth under Valu's EGP 16.0 billion ongoing securitization program. The bond is backed by a receivables portfolio assigned to EFG for Securitization, which acts as the special purpose vehicle (SPV) for the issuance. It is a 12-month bond, rated Prime 1 (sf), and carries a fixed interest rate. Building on this remarkable momentum, Valu has officially embarked on securing regulatory approval from the Financial Regulatory Authority (FRA) for its highly anticipated new short term multi-issuances securitization program, with a total value of EGP 10.0 billion that will be backed by Valu's portfolios amounting to 13.0 billion for two years. Set to be executed through up to nine issuances. The new program marks a significant milestone in Valu's ambitious growth journey, reinforcing its market leadership and commitment to delivering innovative, market-shaping financial solutions. Karim Riad, CFO of Valu, commented, 'Following our commencement of trading on the Egyptian Exchange (EGX), combined with Amazon's transaction, and as part of our continuous expansion, securitizations remain a vital pillar of our financial strategy, enabling us to unlock greater capital efficiency and accelerate our growth trajectory. By leveraging securitizations, we are diversifying our funding base and driving strategic growth. This latest issuance underscores our commitment to fostering innovation and maintaining our position as the preferred fintech partner in Egypt.' Maie Hamdy, Managing Director – Debt Capital Markets at EFG Hermes, added, 'This issuance marks another successful chapter in our long-standing partnership with Valu, reflecting our deep commitment to providing dynamic financing solutions that support Egypt's rapidly evolving fintech landscape. Our ability to consistently structure and close high-impact transactions is a testament to the strength of our capital markets franchise and our client-centric approach . EFG Hermes acted as the sole financial advisor, sole transaction manager, bookrunner, underwriter, and arranger on the issuance. Arab African International Bank (AAIB) served as both the underwriter and custodian. Arab Banking Cooperation (ABC) and Industrial Development Bank (IDB) were the subscribers to the issuance. Dreny & Partners acted as the legal advisor, and Baker Tilly as the auditor.
Zawya
25-06-2025
- Business
- Zawya
Egypt: EFG Hermes completes advisory on Vaiu's EGX listing
Arab Finance: EFG Hermes, an EFG Holding company, concluded advisory on the listing of U Consume Finance (valU) on the Egyptian Exchange (EGX) under the ticker valu, according to a press release. The listing was implemented through an innovative in-kind dividend distribution, where EFG Holding distributed 20.488% of Valu's share capital to its shareholders, as of the record date, June 12th, 2025. On its debut, Amazon acquired a 3.95% direct stake in valU for a price per share of EGP 6.041 and the share price witnessed a positive performance, closing at EGP 7.4 per share. EFG Hermes acted as the sole financial advisor for EFG Holding and valU in both the EGX listing and Amazon's stake acquisition. Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, commented: 'We believe this landmark transaction shall serve as a positive catalyst for the revival of activity on the stock exchange.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
