- EFG Holding is working on two government IPOs in Egypt’s service and industrial sectors, alongside seven Gulf offerings.
- The group is also managing merger and acquisition deals valued at USD 6-8 billion, with 40-50% in Egypt.
- Trump’s tariffs have caused uncertainty, delaying decisions on IPOs and mergers.
EFG Holding
What happened? EFG Holding Group is on multiple IPOs across Egypt and the Gulf. More specifically, working on two government offerings on the Egyptian Stock Exchange in the service and industrial sectors. In addition, the financial institution is also working on seven offerings in the Gulf with values reaching up to USD 10 billion.
Egyptian Market In an interview with Alsharq, Mostafa Gad, Head of Investment Banking at EFG Hermes pointed out that the group is working on around 10 merger and acquisition deals. The values of the deals range between USD 6 to 8 billion, with Egypt representing 40-50% percent of them.
Gad also disclosed in an interview at the group’s 19th Annual Investment Conference in Dubai that the group is currently in the preparatory stage for the government offerings.
Saudi Market These offerings include 5 in Saudi Arabia. Alsharq discloses that an official in an interview revealed that the regional markets will witness a high activity of offerings this year. This is expected to exceed last year with an emphasis on the Saudi market. It is clarified that the emphasis on the gulf is due to
Trump
Impact of Trump’s Tariffs Mostafa Gad explained that any current offerings will depend on the state of the markets and the impact of Trump’s decisions on them, and the level of public acceptance. He further clarified that they have not postponed or cancelled any of their offerings so far as they need at least two weeks before making any decisions.
The trade war initiated by US President Donald Trump has halted many merger and acquisition deals along with IPOs estimated at billions of dollars. This has led to many difficulties compounding in the deal market since the beginning of this year.
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