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Rimco EGT Investment increases stake in EFG Hermes

Rimco EGT Investment increases stake in EFG Hermes

ArabFinance: EFG Hermes announced that Rimco EGT Investment LLC purchased 5.217 million shares with EGP 60.130 million according to EFG Hermes' statement released on July 28th

Rimco stake increase to 10.54% from 9.97% in EFG Hermes.

On July 25th, the investment bank closed the fifth issuance of Premium International for Credit Services' EGP 2 billion securitization program.

Earlier, EFG Hermes has been assigned as lead underwriter to the Initial Public Offering of Rajhi Group’s Alwatania Poultry Egypt.

The listed company has a presence in the United Arab Emirates, Saudi Arabia, Kuwait, Jordan, Oman, and Pakistan. It operates in holding and treasury, brokerage, asset management, investment banking, private equity, leasing, microfinance, and assets held for sale.

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