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Qatar’s QInvest

EFG-QInvest tie-up

Profits Egyptian bank EFG-Hermes second quarterly net profit down 66 percent

Income boosted last year by exceptional dividend; Analyst says few surprises in overall results; Assets under management declined 6 pct

August 15, 2012 5:12
EFG-QInvest tie-up

HSBC buys at least 5 percent of EFG Hermes

British bank HSBC has acquired a stake of at least 5 percent in EFG Hermes, the Middle East's biggest home-grown investment bank, Egypt's stock exchange said on Tuesday.

July 4, 2012 10:23
Egypt's EFG defends executives against graft charges

EFG Hermes suitor’s takeover approach stalls

An attempt by a group of Egyptian and Arab Gulf investors to buy the Middle East's biggest home-grown investment bank EFG Hermes has stalled after the consortium failed to secure enough EFG shares to challenge management.

July 2, 2012 3:47