REG - EFG Holding S.A.E. - Jordan Exit

EFG Holding SAEAnnouncement

06/12/2023 13:00

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RNS Number : 9082V  EFG Holding S.A.E.  06 December 2023

 

 

 

 

EFG Holding Exits Jordan

 

 

 

 

Cairo, December 6(th), 2023:

Further to our disclosure on the 17(th) of January 2023, which accentuated our
intention to exit three markets, in an effort to drive shareholders' value by
simplifying our operations, re-directing our resources and improving our
return on equity metric, EFG Holding announces that it has completed its exit
from Jordan. The transaction was concluded with United Financial Investments
Company (UFICO) and is the starting point for strategic cooperation between
EFG Holding and UFICO in the Jordanian market.

EFG Holding remains strongly committed to the remaining core markets in which
it operates, and we do not expect to exit any other market apart from as
highlighted in our earlier disclosure in January. Additionally, the exit will
have a minimal impact on our 2023 financial statements.

 

 

 

 

For further information:

Investor Relations Department

Email: investor-relations@efg-hermes.com

Tel: +20 (0)2 35356710

Fax: +20 (0)2 3535 7017

 

Head of Corporate Strategy & Investor Relations - Hanzada Nessim

Email: hnessim@efg-hermes.com

Tel: +20 (0)2 35356502

Fax: +20(0)2 3535 7017

 
 
 
       www.efg-hermes.com

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