Recent events
Recent events tied to this brand in public sources.
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2021
EFG Hermes completes acquisition of Arab Investment Bank
EFG Hermes completed its takeover of state-owned Arab Investment Bank, after agreeing to purchase a 51% stake in May; the Sovereign Fund of Egypt acquired 25%, while National Investment Bank retained 24%.
2021
KIWE closes first investment round
Egypt-based fintech KIWE closed its first investment round, led by dfin Holding, with participation from EFG Hermes, Marakez for Development, and angel investors.
2021
Dayra raises $3 million pre-seed investment
Egypt-based fintech Dayra raised a $3 million pre-seed debt and equity investment from Tanmiya Capital Ventures, EFG EV Fintech, EFG Hermes, Y Combinator and angel investors.