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    HRHO   EGS69101C011

EFG-HERMES HOLDING S.A.E

(HRHO)
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EFG Hermes E : Kicks Off 4th Virtual Investor Conference, the Largest Investor Gathering in Frontier Emerging Markets

09/13/2021 | 04:02am EDT
EFG Hermes Kicks Off 4th Virtual Investor Conference, the Largest Investor Gathering in Frontier Emerging Markets

Following the success of the last three iterations of the conference, EFG Hermes' 4th Virtual Investor Conference will provide insights into compelling investment opportunities across FEMs

(13 September 2021)

EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), kicked off its 4th Virtual Investor Conference today. The conference, which runs from 13 September to 21 September 2021 on a digital platform operated by EFG Hermes, is headlined 'After Reflation - FEMs in 2022'. Participants include executives from 215 companies representing 35 countries as well as over 720 investors from over 260 institutions - all of whom will today exchange insights on the path forward for FEMs and the global context in the year ahead.

Mohamed Ebeid, Co-CEO of the Investment Bank at EFG Hermes, said, 'As we make our way toward recovery, investors in FEM markets are looking at both global developments and local growth stories. Frontier market and MENA aggregates have outperformed emerging market indices in 2021 thanks to a combination of rising retail activity and strong foreign flows into MENA markets. As we kick off the conference today, we hope to provide a forum where the largest and most diverse group of investors and executives from companies in compelling FEM markets can come together to share key insights that will allow both to secure investment opportunities.'

EFG Hermes has for decades organized flagship investor conferences focusing on MENA markets and has, more recently, embarked on the same for the FEM space. It hosted the first virtual investor conference of its kind to global acclaim in June 2020, shifting its flagship One-on-One conference to a virtual model in light of circumstances imposed by the COVID-19 pandemic. The 3rd Virtual Investor Conference facilitated more than 12,000 meetings between international investors and senior management from 197 companies across 28 countries, with 700 institutional investors representing 253 financial institutions managing assets in excess of USD 898 billion.

'As we come to the end of yet another challenging year, we're optimistic on what the recovery story looks like for FEMs as we approach 2022. Today, investors are looking into what the future is for inflation in FEM economies and the US; the potential for a commodity super-cycle; and persistently high debt burdens - issues we anticipate will be addressed in full during the conference,' added Ebeid.

-Ends-

About EFG Hermes

With a current footprint spanning thirteen countries across four continents, EFG Hermes started in Egypt and has grown over 37 years of success to become a leading financial services corporation with access to emerging and frontier markets. Drawing on our proven track-record and a team of more than 5,500 talented employees, we provide a wide spectrum of financial services that include investment banking, asset management, securities brokerage, research and private equity to the entire MENA region.

In 2015, EFG Hermes launched its Non-Bank Financial Institutions (NBFI) Platform, which overlooks activities in the non-banking finance field covering microfinance, leasing, factoring, consumer finance, mortgage and insurance. This falls in line with the Firm's strategy to focus on two main pillars: product diversification and geographic expansion into non-MENA markets, which has seen the Firm establish a physical presence in Pakistan, Bangladesh, Vietnam, Kenya, Nigeria, the United Kingdom and the United States.

For further information, please contact:

EFG Hermes Media

media@efg-hermes.com

May El Gammal Group Head of Marketing & Communications

melgammal@efg-hermes.com

Note on Forward-Looking Statements

In this press release, EFG Hermes may make forward looking statements, including, for example, statements about management's expectations, strategic objectives, growth opportunities and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Hermes' belief regarding future events, many of which, by their nature are inherently uncertain and are beyond management's control and include among others, financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current, pending and future legislation, regulations and regulatory actions. Accordingly, the readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made.

Disclaimer

EFG Hermes Holdings SAE published this content on 13 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 September 2021 08:01:06 UTC.


© Publicnow 2021
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Financials
Sales 2021 5 586 M 357 M 357 M
Net income 2021 1 207 M 77,1 M 77,1 M
Net Debt 2021 - - -
P/E ratio 2021 9,07x
Yield 2021 0,34%
Capitalization 11 372 M 725 M 727 M
Capi. / Sales 2021 2,04x
Capi. / Sales 2022 1,70x
Nbr of Employees 825
Free-Float 65,5%
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Last Close Price 12,30 EGP
Average target price 18,58 EGP
Spread / Average Target 51,0%
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Managers and Directors
Karim Aly Awad Saleh Salama Group Chief Executive Officer & Executive Director
Mohamed Khaled M. Khabir Group Chief Financial Officer
Mona Salahuddin Zulficar Non-Executive Chairman
Mohamed El-Wakeel Group Chief Operating Officer
Abdel Wahab Mohammed Gadayel Group Chief Risk & Compliance Officer
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