Latest news with #FMO
Bloomberg
13-05-2025
- Business
- Bloomberg
European Nations Back $250 Million African Private Credit Fund
BluePeak Private Capital Ltd. is on track to raise $250 million for its African private credit fund that will invest in mid-sized companies that remain critically underfunded. The fund raised $80 million in its first close from European development finance institutions including British International Investment, FMO, Swedfund, and Swiss Investment Fund for Emerging Markets.
ITV News
21-04-2025
- General
- ITV News
'A global beacon of compassion, justice, and humility': Midlands pays tribute to Pope Francis
Tributes have flooded in across the Midlands after Pope Francis died aged 88 following weeks of health issues. The Vatican said in a statement on Monday morning: "At 7:35 this morning (local time), the Bishop of Rome, Francis, returned to the house of the Father. His entire life was dedicated to the service of the Lord and His Church." Multi-faith groups in Leicestershire have paid tribute to Pope Francis after his death. A spokesperson for the Federation of Muslim Organisations (FMO) said they were "mourning the passing" of the spiritual leader. Suleman Nagdi from the FMO said: "Though our traditions differ, we recognise the profound impact of the Pope's work in fostering unity, compassion, and justice across borders." The Bishop of Leicester, the Rt Revd Martyn Snow, expressed his sadness following the death of Pope Francis. In a social media post he said: 'A life of devotion to Jesus Christ. Whatever our calling in life, we too can know the joy and peace that Francis displayed in such abundance.' In Nottinghamshire, the Bishop of Nottingham, the Right Reverend Patrick McKinney, has expressed his sorrow following the death of Pope Francis. Bishop McKinney said: 'I am deeply saddened to learn of the death of the Holy Father, Pope Francis. "The Pope has left an indelible mark on the Church and the world, as a man of great warmth and humility who made use of his global prestige to highlight and to listen to the concerns of the poorest and most marginalised people across the world." Bishop McKinney had met Pope Francis on two occasions - when he had been appointed as Bishop of Nottingham in May 2015 and during an 'Ad limina' visit of the Catholic Bishops of England and Wales in 2018. Both meetings were in Rome. During those encounters, Bishop McKinney said he was "struck by his humility and warm welcome, deep love of Christ Jesus, desire to engage in dialogue, and his profound commitment to the Church and her mission." The Pope was last seen in public on Easter Sunday, where he blessed thousands of people in St. Peter's Square. In Staffordshire, the Rt Revd Dr Michael Ipgrave, the Bishop of Lichfield, said a 'defining memory' of Pope Francis was his "attention to the sick, the marginalised and the poor." He also acknowledged Pope Francis' service on Easter Sunday, saying: "He reminded us at all times that God has a heart of mercy, and he showed by his life what mercy looks like in practice. His devotion to his ministry until the end as we have witnessed in the last 24 hours, has underscored this. Birmingham Newman University also released a statement, they described Pope Francis as "A global beacon of compassion, justice, and humility. His tireless work on issues such as care for our 'common home', poverty reduction, and social justice has left an indelible mark on the world."
ME Construction
03-03-2025
- Business
- ME Construction
AMEA Power launches construction of a 50MW Solar PV project
Energy AMEA Power launches construction of a 50MW Solar PV project By The Bondoukou Solar PV power plant will generate 85GWh of clean energy a year AMEA Power has announced the official groundbreaking of a 50MW solar photovoltaic (PV) project in the Ivory Coast. The US $60mn project is being financed by FMO and DEG, and will support the government's goal of increasing the share of renewable energy in its electricity mix to 45% by 2030, said a statement. The Bondoukou Solar PV plant will generate 85GWh of clean energy annually, enough to power 358,000 households, while offsetting more than 52,000t of CO2 emissions. The project is being implemented by AMEA Goutougo, a project company registered in Ivory Coast and fully owned by AMEA Power. The project is located in Bondoukou, in the north-eastern region of Gontougo. Hussain Al Nowais, Chairman of AMEA Power said, 'Today, we turn vision into reality. The 50MW solar plant is a landmark achievement for Ivory Coast and a testament to AMEA Power's dedication to delivering clean energy solutions across Africa. This groundbreaking ceremony is an important symbol of partnership, we are proud to partner with the government and the people of Ivory Coast on this transformative journey.' Once commissioned, it will be AMEA Power's first operational asset in the country. The company also has an additional 50MW solar PV project in advanced development in Ivory Coast. AMEA Power said that it is dedicated to driving socio-economic development and will work closely with local communities. Through its 'Community Investment and Development Programs' the company will launch key social initiatives focused on gender equality, education, and skills training, ensuring a lasting positive impact.
Khaleej Times
27-02-2025
- Business
- Khaleej Times
EFG Hermes successfully completes $2.84 billion marketed offering of Adnoc Gas shares
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (Mena), has announced that its investment banking division has successfully completed a marketed offering of Adnoc Gas shares on behalf of Abu Dhabi National Oil Company (Adnoc). The transaction, which involved the sale of approximately 3.1 billion shares representing a 4 per cent stake in Adnoc Gas and valued at $2.84 billion, marks the first-ever marketed offering in the UAE and the largest placement on the ADX to date. EFG Hermes acted as joint global coordinator and joint bookrunner for the offering, facilitating Adnoc's strategic move to enhance Adnoc Gas' liquidity and free float. The transaction saw exceptional demand from institutional investors across the GCC and internationally. Ali Khalpey, Head of Equity Capital Markets at EFG Hermes, said: 'We are delighted to have played a pivotal role in this significant offering. This successful transaction underscores the robust demand for Adnoc Gas shares and highlights the continued investor confidence in the company's track record and growth trajectory. This marks our ninth ECM transaction for an Adnoc-related company, reaffirming our strong and trusted partnership with Adnoc.' He added, 'Our expertise in managing large-scale equity offerings allows us to support clients in achieving their strategic objectives while optimizing investor participation. This deal further cements EFG Hermes' leadership in regional capital markets and its ability to execute landmark transactions across Mena.' This transaction marks EFG Hermes' latest milestone in the GCC equity capital markets (ECM), building on the momentum of being ranked first in ECM in 2024 by the London Stock Exchange Group (LSEG). This deal also follows the firm's role in major secondary offerings in 2024, including the landmark Aramco Follow-on Offering (FMO) and two Accelerated Bookbuild Offerings (ABB) on Adnoc Drilling, showcasing the firm's expertise in rapid and efficient execution.
Zawya
25-02-2025
- Business
- Zawya
EFG Hermes successfully completes USD 2.84bln marketed offering of ADNOC Gas shares on behalf of ADNOC
Abu Dhabi: 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 completed a marketed offering of ADNOC Gas shares on behalf of Abu Dhabi National Oil Company (ADNOC). The transaction, which involved the sale of approximately 3.1 billion shares representing a 4% stake in ADNOC Gas and valued at USD 2.84 billion, marks the first-ever marketed offering in the UAE and the largest placement on the ADX to date. EFG Hermes acted as Joint Global Coordinator and Joint Bookrunner for the offering, facilitating ADNOC's strategic move to enhance ADNOC Gas' liquidity and free float. The transaction saw exceptional demand from institutional investors across the GCC and internationally. Ali Khalpey, Head of Equity Capital Markets at EFG Hermes, said: 'We are delighted to have played a pivotal role in this significant offering. This successful transaction underscores the robust demand for ADNOC Gas shares and highlights the continued investor confidence in the company's track record and growth trajectory. This marks our ninth ECM transaction for an ADNOC-related company, reaffirming our strong and trusted partnership with ADNOC.' He added, 'Our expertise in managing large-scale equity offerings allows us to support clients in achieving their strategic objectives while optimizing investor participation. This deal further cements EFG Hermes' leadership in regional capital markets and its ability to execute landmark transactions across MENA.' This transaction marks EFG Hermes' latest milestone in the GCC equity capital markets (ECM), building on the momentum of being ranked 1st in ECM in 2024 by the London Stock Exchange Group (LSEG). This deal also follows the firm's role in major secondary offerings in 2024, including the landmark Aramco Follow-on Offering (FMO) and two Accelerated Bookbuild Offerings (ABB) on ADNOC Drilling, showcasing the firm's expertise in rapid and efficient execution. 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 microfinance player, EFG Corp-Solutions, which provides leasing and factoring services, Valu, a universal financial technology powerhouse, PayTabs Egypt, a digital payment platform, Bedaya for mortgage finance, Kaf for insurance, Fatura, a technology-backed B2B marketplace 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. Proudly present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Bahrain | Kenya | Nigeria | Learn more about us at For further information, please contact: May El Gammal Group Chief Marketing & Communications Officer of EFG Holding melgammal@ Omar Salama Senior Communications Manager of EFG Holding osalama@ The EFG Holding Public Relations Team PublicRelations@
