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EFG Hermes’ valU sees valuation climb to $247.4M as KSA’s Alhokair Family acquires minority stake

With the deal closed, valU will now be available present across Alhokair’s expansive retail network of more than 1,000 stores as well as online on the VogaCloset and monobrand websites

UAE Chimera Investments places offer for majority stake in Beltone Financial Holding

This will be the 2nd offer for Beltone in June alone, receiving a mandatory non-binding purchase offer from a consortium of “strategic investors” through Cairo-based WM Consulting

Saudi Sovereign Wealth Fund could be looking to acquire United Bank

This isn’t the first time that an international fund has been interested in UB, with an American investment fund revealed to have begun negotiations back in April 2019 by the Central Bank of Egypt

EBRD, SPE Capital and Amethis consortium buy major stake in NBFS GlobalCorp

Established in 2015, GlobalCorp is a non-banking financial leader that specializes in leasing and factoring solutions for corporates and small, medium, and large enterprises

FAB pulls out of EFG Hermes acquisition, cites global market uncertainty

FAB’s non-binding offer would have seen the bank acquire at least 51% of EFG Hermes, at an estimated price of EGP 19 per share, valuing the company at $1.2 billion