THE COMPANY: Egyptian Financial Group was established in 1984 as a consulting boutique that merged with Hermes Financial in 1996 to form EFG Hermes Holding. In 2007, the company acquired a stake in Bank Audi, a Lebanese commercial bank, mainly to smooth income fluctuations through an integrated banking model. The firm sold its stake in...
Egypt Economy
Displaying 85 - 90 of 122
Articles & Analysis | Financial services from The Report: Egypt 2014
Articles & Analysis | Investment from The Report: Egypt 2014
THE COMPANY: Egypt Kuwait Holding (EKH) is one of the largest and fastest-growing direct investment companies in the Middle East, with total assets exceeding $2.1bn as of December 2013. The company is a handson, long-term investor seeking majority stakes and management control and has a strong record of successfully developing and...
Articles & Analysis | Encouraging firms to list will be central to the market’s new strategy from The Report: Egypt 2014
Economic uncertainties typically work against new listing activity, as the diminishment of Egypt’s initial public offering (IPO) stream over recent years clearly demonstrates. The global economic crisis had already had a negative effect on markets throughout the region, prompting global investors to retrench and domestic investors to sit on capital – and Egypt was no...
Articles & Analysis | Consumer goods from The Report: Egypt 2014
THE COMPANY: Oriental Weavers (OW) is one of the largest producers of machine-made woven and printed/tufted rugs in the world. In 2013 it produced 116m sq metres of carpets across 10 manufacturing facilities in Egypt, China and the US. With a combined 240 showrooms and wholesale outlets across Egypt, it enjoys a dominant position...
Articles & Analysis | Real estate from The Report: Egypt 2014
THE COMPANY: Sixth of October Development and Investment Company (SODIC) follows an integrated, low-risk, self-financed business model, focused mainly on the upper-middle-income class. Despite a smaller land bank than its competitors (Talaat Moustafa Group and Palm Hills Developments), SODIC manages to position itself among the biggest...
Articles & Analysis | Telecommunications from The Report: Egypt 2014
THE COMPANY: Telecom Egypt (TE) is Egypt’s sole fixed-line operator and wholesale telecommunications services provider, with indirect access to the mobile market via its 45% stake in Vodafone Egypt (VFE), the country’s largest mobile operator with a 41.7% market share. TE-Data, its fully owned internet service provider (ISP), has 63.4...