Latest from El Fagr
El Fagr
a day ago
- Business
- El Fagr
EFG Hermes Successfully Completes Advisory on the IPO of National Printing S.A.E on the Egyptian Exchange
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 successfully completed its role as the sole global coordinator on the initial public offering (IPO) of National Printing S.A.E. ('National Printing' or the 'Company') on the Egyptian Exchange (EGX). The IPO included the sale of 10% of the company's issued share capital for a total value of EGP 450 million. The shares were offered through a private tranche to Mr. Omran Mohammed AlOmran، a prominent Saudi Arabian entrepreneur، as an anchor investor ('Cornerstone Investor')، in addition to a public tranche for retail and institutional investors in Egypt which was 23.6x oversubscribed. The IPO has been priced at EGP 21.25 per share، implying a market capitalization of c. EGP 4.5 billion. National Printing is a leading player in the paper and packaging industry in Egypt، with a legacy dating back to 1979. National Printing operates through four main subsidiaries، Shorouk، Uniboard، El Baddar for Packaging، and Windsor، serving approximately 15 sectors، including FMCG، pharmaceuticals، white goods، and education. With leading market positions across its subsidiaries، National Printing has built a portfolio of blue-chip customers and multinationals of over 690 customers. Shares of National Printing began trading today under the ticker Maged El Ayouti، Co-Head of Investment Banking at EFG Hermes، said: 'We are proud to support National Printing on its journey to become a listed company on the EGX. This IPO demonstrates investors' appetite for market leading companies that are not properly represented on the EGX. It also represents a significant step forward for Egypt's capital market activity، that we hope can be capitalized on as the IPO of National Printing is the second listing that we have successfully executed on the EGX in 2025، following the successful listing of Valu. We remain committed to enabling ambitious companies to access public capital markets in the region in order to scale their growth sustainably and allow value monetization for shareholders.' EFG Hermes' Investment Banking division acted as the sole global coordinator for the transaction. Since the beginning of the year، EFG Hermes has advised on 6 M&A transactions، 7 DCM، and 10 ECM transactions across the region، including landmark transactions in Egypt، UAE، Saudi Arabia، and Oman، underscoring its leadership in regional markets.
El Fagr
28-07-2025
- 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.
El Fagr
22-07-2025
- Business
- El Fagr
Valu Offers Financial Solutions for 'Learn to Earn' Initiative Launched by RoboGarden Egypt to Equip Egyptian Youth with Digital Job-Market Skills
Lamise Negm: This initiative embodies a deeply human dimension and opens doors to technology for marginalized groups Engy El Sabban: Our goal is to train 1،000 learners by the end of 2025 Valu، MENA's leading universal financial technology powerhouse، has announced its partnership with RoboGarden Egypt، the AI-powered EdTech platform، to provide flexible payment plans for the 'Learn to Earn' initiative. This initiative seeks to empower youth across Egypt — with a special focus on women and people with disabilities — by providing specialized digital training programs designed to equip them with the skills needed to thrive in today's evolving job market. The initiative features an innovative approach that promotes equal opportunity in education by offering a hybrid learning experience. Combined with Valu's flexible payment solutions، it ensures that high-quality digital training is accessible and affordable to all. 'Learn to Earn' marks a significant milestone for both companies، with strong strategic value for the supporting entities. For Valu، this collaboration represents an opportunity to expand its diverse portfolio in lifestyle enablement، particularly in skill development and education — in alignment with national development goals and impactful community engagement. Commenting on the partnership، Walid Hassouna، CEO of Valu، said: 'This collaboration reflects Valu's deep-rooted commitment to education and to the community we serve. As we expand beyond the traditional buy-now-pay-later model، initiatives like 'Learn to Earn' allow us to channel our financial tools toward meaningful، long-term impact. By partnering with RoboGarden Egypt، we're enabling individuals — particularly those from less fortunate communities — to acquire in-demand skills and unlock economic opportunities.' The program features a comprehensive، engaging learning experience — including self-paced content، live online sessions، and in-person workshops. Pathways such as web development open real opportunities for employment or freelance work in Egypt's digital economy. Participants receive a certificate upon completing 75% of the content، with their progress tracked through analytics، attendance، and assessments. As part of its commitment to supporting the initiative، Valu is hosting five training cohorts at Valu Café، sponsoring a total of 20 students، with four participants from each cohort receiving a 50% discount on the program fees. Lamise Negm، Chairperson of the Board of Trustees of RoboGarden Egypt and Advisor to the Chairman of the Financial Regulatory Authority، expressed her pride and appreciation for launching this initiative، noting that it transcends traditional digital education to represent a deeply human mission. Negm stated: "What makes this initiative truly special is its focus on traditionally marginalized groups—women، people with disabilities، and youth in remote areas—by opening doors to the tech sector without requiring them to abandon their daily lives or overcome insurmountable barriers. It offers real opportunities for professional growth and economic empowerment by building solid bridges between education and employment. This reflects a conscious collaboration between the private sector and development partners to create a more just and inclusive tech landscape—one where no one is left behind." Engy El Sabban، CEO and Co-founder of RoboGarden Egypt، added: 'Through this initiative، we aim to extend RoboGarden's reach to the underserved youth، women، and people with disabilities — empowering them with remote work opportunities and flexible career paths. Our hybrid model proves scalable in the local market. We target more than 1،000 trainees across Egypt by the end of the year. Early pilot groups، delivered in collaboration with both local and international organizations، have shown strong support across sectors — and Valu's contribution will be instrumental in scaling our impact.' El Sabban noted that five training cohorts will be held under this partnership، with 25 participants in each — reaching a total of 125 learners. She emphasized that vocational and skills-based training is key to enhancing labor market competitiveness in Egypt، especially amid global economic shifts and the growing reliance on technology. Statistics show that around 60% of Egyptian university graduates struggle to secure employment immediately after graduation due to the gap between educational outcomes and market needs.
El Fagr
10-07-2025
- Business
- El Fagr
Valu Receives Initial Approval from the Central Bank of Jordan to Launch Operations
Valu، the MENA region's leading universal financial technology powerhouse، is proud to announce that the Central Bank of Jordan has granted its initial approval for Valu to officially launch BNPL (Buy Now، Pay Later) services in Jordan. This milestone marks a significant step in Valu's regional expansion، driven by the recognition of Jordan's dynamic market potential and growing demand for flexible، accessible financial solutions. As part of its broader growth strategy، Valu recognizes Jordan as a promising frontier and an emerging hub of economic vitality and digital transformation. The company's comprehensive market assessment underscores the country's promising growth prospects، fueled by a rising consumer appetite for innovative payment options that enhance purchasing power and financial convenience. Valu's advanced BNPL platform is designed to revolutionize how Jordanians shop and pay. By offering flexible installment plans for everyday purchases، whether for retail، electronics، healthcare، or other sectors، Valu enables consumers to acquire goods and services without immediate financial strain. This not only improves their lifestyle by making essential and aspirational products more affordable but also fosters financial inclusion by providing credit access to a broader segment of the population. For merchants and businesses، Valu's BNPL solutions present an opportunity to increase sales، attract new customers، and build loyalty through seamless integration. By offering flexible payment options، merchants can enhance customer satisfaction and drive growth in a competitive marketplace. The Jordanian launch is underpinned by meticulous groundwork، including the recruitment of highly experienced professionals with deep expertise in Jordan's financial landscape and proven success in fintech innovation. Over recent months، Valu has cultivated strategic partnerships with leading merchants and financial institutions across Jordan، which stands as early evidence of the strong regional demand for its trusted BNPL offerings. These alliances will serve as the foundation for an expanding network committed to delivering smooth، convenient financial experiences to Jordanian consumers and merchants alike. Adding to Valu's momentum is its recent listing on the Egyptian Exchange (EGX)، elevating its corporate stature and regional visibility. This milestone not only enhances Valu's credibility but also opens new pathways for strategic collaborations and regional growth. Habiba Naguib، Chief Market Expansion and Strategy Officer of Valu، expressed her excitement، stating: 'Expanding into Jordan with our BNPL services represents a major leap forward، unlocking new opportunities for consumers and merchants alike. Our platform is designed to empower individuals by offering flexible، responsible credit options that improve their purchasing power and lifestyle. The recent listing on the EGX and Amazon's strategic investment reinforce our confidence in our growth trajectory and our commitment to transforming digital finance across the region.' Naguib added: 'At our core، we remain dedicated to innovation and financial inclusion. Our financial solutions are tailored to meet the evolving needs of Jordanian consumers and merchants، helping them to transact smarter، grow faster، and live better.' This expansion into Jordan، reinforced by Valu's recent milestones and strategic collaboration with Amazon، positions the company as a regional fintech leader committed to fostering economic vitality، promoting financial inclusion، and empowering communities through responsible، flexible credit solutions.
El Fagr
26-06-2025
- Business
- El Fagr
EFG Hermes Successfully Completes Advisory on USD 500 Million IPO of Specialized Medical Company on the Saudi Exchange
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 successfully completed its advisory on the USD 500 million initial public offering (IPO) of Specialized Medical Company (SMC)، one of the leading healthcare providers in the Kingdom of Saudi Arabia، on the Main Market of the Saudi Exchange (Tadawul). This marks EFG Hermes' third IPO in the healthcare space in the past 12 months، further reinforcing its position as a trusted advisor across the region's most dynamic sectors. The company began trading today under the ticker 4019. Specialized Medical Company offered a total of 30% of its total issued share capital through the sale of 75 million ordinary shares at SAR 25 per share، implying a market capitalization of SAR 6،250 million (USD 1،667 million). The orders recorded during the institutional book-building exceeded SAR 121.3 billion، representing a coverage of 64.7x. Karim Meleka، Co-Head of Investment Banking at EFG Hermes، said، 'We are proud to have advised on the IPO of Specialized Medical Company. Despite heightened geopolitical tensions in the region، the offering attracted overwhelming interest from a diverse base of local، regional، and international investors — a clear vote of confidence not only in SMC's fundamentals but also in the resilience of Saudi Arabia's capital markets and the strength of its macroeconomic outlook.' SMC was founded in 1999 and is one of Riyadh's leading multi-specialty private healthcare providers، with a 25-year track record of delivering high-quality، patient-centric medical care. The Company operates two state-of-the-art hospitals in Riyadh with a combined capacity of 578 inpatient beds and 266 outpatient clinics. SMC is strategically expanding into Northern Riyadh، where rapid urban development is creating strong demand for healthcare services. With three additional hospitals، it is expected to capture over 25% of private hospital capacity in the area، establishing a leading position in an underpenetrated region with limited existing healthcare infrastructure – one that is set to become Riyadh's new urban hub. Once operational، the new facilities are expected to more than double the Company's current capacity to approximately 1،276 beds and 770 outpatient clinics. EFG Hermes acted as a Joint Financial Advisor، Joint Bookrunner، and Joint Underwriter on the transaction. EFG Hermes has advised on six IPOs across the region year to date، including landmark transactions on Tadawul، the Abu Dhabi Securities Exchange، the Muscat Stock Exchange، and the Egyptian Exchange، underscoring its regional leadership in equity capital markets.
