EFG Hermes issues LE 2B- bonds for Talaat Mostafa’s subsidiary – Egypttoday

EFG Hermes issues LE 2B- bonds for Talaat Mostafa’s subsidiary – Egypttoday

EFG Hermes issues LE 2B- bonds for Talaat Mostafa's subsidiary. CAIRO - 8 April 2020: EFG Hermes obtained the approval of the Financial Regulatory Authority (FRA) regarding the first issuance of sukuk in the Egyptian market, with a total value of LE 2 billion.. EFG Hermes also acted as the issuing company.. FRA approved on December the first program to offer short-term bonds in the amount of LE 2 billion to a securities brokerage firm, allowing it to finance its activities.. CAIRO - 17 December 2019: The Financial Regulatory Authority approved the first program to offer short-term bonds in the amount of LE 2 billion to a securities brokerage firm, allowing it to finance its activities, Chairman of the authority Mohamed Omran said Tuesday.. Live Science website recommends virtual tours of Egypt's Ministry of Tourism & Antiquities.