EFG Hermes Securities Brokerage, the MENA region’s premier brokerage house, offers its clients a wide range of innovative and tailored products and services, secure multi-platform trading tools, market intelligence and insights, and unparalleled execution capabilities, ensuring maximum generated returns tailored to different investor preferences and risk profiles. The division boasts an expansive four-continent presence across the MENA region and FEM. It operates in countries including Egypt, Kuwait, the UAE, Saudi Arabia, Oman, Jordan, Pakistan, Kenya, Nigeria, and Bangladesh, along with US and UK representative offices.

In 2022, and despite the macroeconomic volatility on the back of rising interest rates and inflationary pressures, EFG Hermes' Brokerage division delivered a strong performance across its core markets of operations. As a result, the division witnessed an expansion in traded volumes across most regions during the year and substantial growth in its market share across the board. The Brokerage division managed to successfully sustain its first-place position on the Egyptian Exchange (EGX), the Dubai Financial Market (DFM), and Kenya’s Nairobi Securities Exchange (NSE). It also fortified its second-place ranking in Abu Dhabi and Kuwait, while coming in fifth in Nigeria and Oman and sixth in Saudi Arabia.

EFG Hermes’ Investment Banking division   has   rap- idly grown to become the partner of choice for clients and partners, as it continues to offer unrivaled advisory capacities in the mergers and acquisitions (M&A), debt (DCM), and equity capital market (ECM) spaces. The division leverages its extensive market know-how and a wide network of MENA clients to bring to market compelling opportunities, carrying out the majority of the largest, most prominent transactions in the region.

Throughout 2022, the division successfully concluded advisory on 32 ECM, DCM, and M&A transactions across its footprint, with an aggregate value of over USD 14.3 billion.

EFG Hermes’ award-winning Research division unlocks in-depth insights into the region’s most promising and compelling companies, markets, sectors, and economies, allowing clients to make informed financial and investment decisions that match their objectives. The division offers unrivaled equity, macro, strategy, and index research, anchored by industry professionals and an expansive footprint in Egypt, the UAE, Pakistan, Kenya, Nigeria, Saudi Arabia, Oman, and the UK.

Currently, the division provides market intelligence and insights on 338 stocks under coverage in 10 sectors across 25 countries.

EFG Hermes’ Asset Management division offers its client base a wide range of mutual funds and discretionary port- folios with both country-specific and regional mandates, including equity, money market, fixed income, indexed, and Sharia- and UCTIS-compliant mandates.

By the end of 2022, the division’s assets under management (AUM) in Egypt stood at EGP 25.9 billion, while regional AUM from the Firm’s regional arm, Frontier Investment Management (FIM) Partners, grew to record USD 2.7 billion.

EFG Hermes’ Private Equity platform drives value-accretive investments in strategic and impactful sectors by providing rapid and flexible investment capital. As a long- term impact investor, the division invests in businesses operating in key industries, including renewable energy, education, and healthcare, that generate lucrative financial returns and create social and environmental impacts.

The division’s investments in the infrastructure landscape are managed through the flagship Vortex Energy platform, which was established in 2014 as part and parcel of the Firm’s efforts to ramp up its investments in the global renewables space and work toward a net zero future.

In the education field, EFG Hermes’ Egypt Education Platform (EEP) is a USD 150 million investment fund established in 2018 as part of a USD 300 million education platform in collaboration with Dubai-based education provider GEMS Education.

Rx Healthcare Management was established to manage healthcare investments that serve the rapidly-growing sector and the region's high demand for healthcare solutions.

Tanmeyah for Microenterprise Services, a subsidiary of EFG Hermes Holding, is the leading company in providing a range of microfinance solutions in Egypt. Tanmeyah was established in 2009 and, since its inception, has grown to become one of the leading entities in the field of working capital financing for owners of low-income generating projects. Tanmeyah offers a broad spectrum of financial solutions targeted at governorates where business owners typically lack access to finance from conventional banks, which is part of its goal to promote financial inclusion in Egypt and serve as a growth engine for enterprises to bolster the development of its sur- rounding communities.

By the end of 2022, Tanmeyah recorded an outstanding port- folio value of EGP 4.3 billion and a total client base of 378,645 active borrowers.

EFG Hermes Corp-Solutions was launched in 2020 as a consolidated entity representing the Group’s factoring and leasing businesses. As a constituent part of the NBFI platform, the entity offers its clients a comprehensive suite of innovative leasing and factoring tools and advisory services a one-stop shop financial enabler of business growth and development supporting small, medium, and large corporates.

At the end of 2022, EFG Hermes Corp-Solutions registered an aggregate value of leasing and factoring bookings amounting to EGP 9.6 billion versus the EGP 8 billion booked at year-end 2021.

Launched at the end of 2017 as a Buy-Now, Pay-Later (BNPL) provider, valU today has grown to become the MENA region’s leading lifestyle-enabling fintech plat- form. A fundamental element of EFG Hermes Holding’s wider strategy to diversify its product base and provide nationwide financial solutions through digital intermediation, valU has transformed throughout the years to be- come a key player in the regional fintech ecosystem and promoter of financial inclusion. As a BNPL provider, valU offers convenient and inclusive financing plans from 3 to 60 months through over 3,600 retail partners and service providers, as well as over 1,000 e-commerce platforms covering various categories, including home appliances, electronics, home finishing, furniture, residential solar solutions, healthcare, education, travel, F&B, oil and gas, fashion, used cars, and more. In 2022, valU redesigned its service and product offering universe, setting the foundation for the Firm to market new and innovative solutions beyond BNPL services. With this new strategy in motion, valU will reposition itself in 2023 to become a comprehensive platform offering its clients various intelligent financial services.

In 2022, valU recorded 568,000 app customers and over one million transactions completed through its app.

Established in 2017 as a joint venture between EFG Hermes Holding’s wholly owned subsidiary, EFG Finance, and government-backed venture capital fund, Egypt Ventures, EFG EV Fintech is Egypt’s flagship boutique micro-VC arm that supports innovative and strategic fintech companies from start to finish. The company boasts the country’s largest fintech portfolio, with prominent companies operating in key sectors, including insurance-tech, regulatory-tech, agri-fintech, digital and open banking, and SME lending.

In 2022, EFG EV Fintech successfully managed to carry out several landmark transactions during the year, including its exit from tech-led business-to-business (B2B) platform Fatura and HR platform Paynas, by capitalizing on the synergistic prospects between its own entity and other arms within the Firm’s NBFI platform.

Established in 2019 as a joint venture between Talaat Mostafa Group (TMG), Ghabbour Capital (GB Capital), and EFG Hermes’ NBFI platform, Bedaya Mortgage Finance (Bedaya) is one of Egypt’s leading providers of non-bank digitalized mortgage financing solutions, with its offerings spanning residential, commercial, and administrative real estate properties. Its innovative mortgage financing solutions are powered by technology and well-rounded industry acumen, ensuring the fastest turnaround and the best quality of service in the market.

By the end of 2022, Bedaya recorded a substantial hike in port- folio value and number of clients served — a Y-o-Y increase of 206% and 379% versus the end of 2021, respectively.

Founded in 2020 following the acquisition of Tokio Marine Egypt Family Takaful by EFG Finance and GB Capital, Kaf has grown into a tech-enabled insurance brand in Egypt, delivering innovative and impactful insurance solutions that drive value for individuals and businesses in the life and savings arenas. Kaf aims to make insurance products more accessible to the wider Egyptian population, creating social and community value through insurance products backed by a trusted digital platform.

to make insurance products more accessible to the wider Egyptian population, creating social and community value through insurance products backed by a trusted digital platform.

2022 saw Kaf become the first Egyptian company to officially transition from takaful insurance to commercial insurance, to expand its customer base and shift focus to more disruptive solutions that upscale the insurance sector. By the end of the year, the company recorded 2 million lives insured compared to 78,000 in 2020 pre-acquisition.

As part of its strategy to promote access to responsible financial solutions across the country, EFG Hermes Holding concluded the acquisition of aiBANK alongside the Sovereign Fund of Egypt (TSFE) in 2021. The acquisition marked EFG Hermes Holding’s strategic entry into Egypt’s ever-expanding commercial banking sector. It kick-started the Group’s transformation into a universal bank in Egypt that offers its clients a holistic suite of financial services.

Since its acquisition, aiBANK has embarked on a transformation journey to become Egypt’s only boutique bank with a unique focus on people, entrepreneurs, and businesses driving change across the market. Through a relentless commitment to customer-centricity, the bank aims to offer market-leading retail, corporate and Islamic banking, in addition to treasury and investment services tailored to consumers and businesses of all sizes.

In 2022, aiBANK achieved growth across all its business segments, recording an increase in newly banked customers and organic growth from its existing customer base. By the end of the year, the bank registered total net loans amounting to EGP 19.3 billion.