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EFG Hermes net profit records EGP 200 m in Q2 2018

EFG Hermes, financial services corporation in Frontier Emerging Markets (FEM), reported today its results in the second quarter (Q2) of 2018, recording a net profit after tax and minority interest of EGP 200m on revenues of EGP 1,004m. Adjusting for one-off gains related to the sale of a stake in Credit Libanais realised in the …

Daily News Egypt

EFG Hermes acquires Nigeria’s Primera Africa

EFG Hermes has entered into a definitive sale and purchase agreement (SPA) to acquire 100% of Primera Africa, a top-ranked brokerage house in Nigeria. Upon completion of the acquisition, Primera Africa will operate under EFG Hermes’ brand name. “Nigeria is our fourth direct entry as we continue our strategy of expanding our geographic footprint in …

Daily News Egypt