EFG ADR

EFG Holding has set a second extraordinary general meeting for 20 September 2025 after the statutory quorum was not reached at the first meeting on 6 September. The agenda includes reducing the issued capital from EGP 7.30 billion to EGP 7.18 billion by cancelling 23.71 million treasury shares and amending articles 6 and 7 of the articles of association. Resolutions require a three‑quarter majority of votes present; at least 25% of outstanding shares must be represented for the meeting to be quorate. Shareholders may participate and vote remotely but must submit documentation two days before the meeting. » More on de.investing.com

EFG Holding reported a 2% rise in net profit to 802 million EGP for Q2 2025, on operating revenues of 6.1 billion EGP. Business segments showed a mixed picture: EFG Finance posted strong revenue growth thanks to Valu, while EFG Hermes recorded stagnating revenues; BANK NXT delivered significant increases in profit and revenue. Higher expenses — including increased provisions, inflationary effects and one‑off costs related to the Valu IPO — weighed on the result. » More on de.investing.com

EFG Holding S.A.E. has called an extraordinary general meeting for September 6, 2025, to decide on reducing its issued capital from 7.30 billion EGP to 7.18 billion EGP by cancelling 23,713,000 own shares. If approved, the number of outstanding shares would fall to 1,435,893,008; amendments to the articles of association are also to be proposed. The meeting will take place at Smart Village in Cairo, with virtual participation and voting possible. » More on de.investing.com