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EFG Hermes, Egypt’s first universal bank, has signed a sale and leaseback agreement amounting to EGP750 million ($57.6 million) with real estate development firm Madinet Nasr for Housing and Development (MNHD).
This is now a universal bank in Egypt with a market leading investment banking platform
HUNSTEIN STAY DENIED!: Court Refuses to Stay Hunstein Case Pending En Banc Determination–Withholding of Mandate Immaterial Thursday, July 8, 2021 So a number of folks have recently discussed the fact that the mandate in Hunstein was withheld, as if it was some sort of indicator that the Eleventh Circuit was likely to grant en banc review. While I am on record predicting that the Eleventh Circuit WILL grant a rehearing, the fact that the mandate was withheld does not necessarily portend that result. Indeed, the withholding of the mandate is more-or-less automatic under the ru...
Cofounded by Adel Boseli, Mahmoud S. Hassan, and Raja Debnath, a team of previous IFC and World Bank Group experts that has a solid track record in supply chain finance, fintech, MSMEs access to finance and financial inclusion, technology, direct and private equity investments in addition to banking. The team is also backed by Dr. Shehab Marzban from Camel Ventures. About EFG Hermes With a current footprint spanning thirteen countries across four continents, EFG Hermes started in Egypt and has grown over 35 years of success to become a leading financial services corporation with acce...