EFG Holding
Cairo-based financial services group listed on the Egyptian Exchange (HRHO), combining the EFG Hermes investment bank, the EFG Finance non-bank platform and Bank NXT. It reported 2025 net operating revenue of EGP 26.0 billion.
Industry: Financial services: investment banking, non-bank finance and commercial banking | Location: Cairo, Egypt | Founded: 1984
About EFG Holding
EFG Holding is a financial services group headquartered in Cairo, Egypt. It trades on the Egyptian Exchange as HRHO and on the London Stock Exchange as EFGD. The group describes itself as a universal bank in Egypt and an investment bank in the Middle East and North Africa, and runs three platforms: the investment bank EFG Hermes, the non-bank finance business EFG Finance and the commercial bank Bank NXT. At its May 2023 rebrand it reported 12 countries and more than 7,100 employees.
Mohamed Taymour and two partners established Technical Financial Services in 1980. It was incorporated as the Egyptian Financial Group in 1984, merged with Hermes Financial Services in 1996 to form EFG Hermes, and listed in 1998. Citigroup took 20 percent in 1999. Karim Awad is group chief executive, Mona Zulficar chairs the board, and Mohamed Ebeid and Karim Moussa co-lead the investment bank.
The investment bank covers investment banking, securities brokerage, asset management, private equity and research, with brokerage in Egypt, the Gulf, Pakistan, Kenya, Nigeria and the UK. EFG Finance includes valU, Tanmeyah, leasing and factoring, the insurer Kaf and the Bedaya mortgage joint venture. In February 2026 the EFG Hermes ONE app added five mutual funds for retail investors.
The group received a full Saudi investment banking licence in 2006, opened a New York branch in 2016 and bought Primera Africa in Nigeria in 2018. In November 2021 it completed the purchase of 51 percent of Arab Investment Bank, with a subfund of the Sovereign Fund of Egypt taking 25 percent; the bank was renamed Bank NXT in September 2024. In November 2024 EFG Hermes launched the USD 300 million Saudi Education Fund, which agreed to buy the Britus Education schools from GFH Financial Group, subject to approvals.
For 2025 the group reported net operating revenue of EGP 26.0 billion, up 7 percent, and net profit after tax and minority interest of EGP 4.06 billion, down from EGP 4.25 billion.
Leadership
- Karim Awad, Group Chief Executive Officer and Chairman of the Executive Committee, EFG Holding
- Mona Zulficar, Non-Executive Chairperson
- Yasser El Mallawany, Non-Executive Vice Chairman of the Board
- Mohamed Abdel Khabir, Group Chief Finance and Operations Officer, EFG Holding
- Karim Moussa, Co-Chief Executive Officer of the Investment Bank (Buy-Side), EFG Hermes
- Mohamed Ebeid, Co-Chief Executive Officer of the Investment Bank (Sell-Side), EFG Hermes
- Aladdin ElAfifi, Chief Executive Officer, EFG Finance
- Inji Abdoun, Group Chief Human Resources Officer, EFG Holding