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EFG Hermes closes advisory on Ali Alghanim’s $323mln private placement

The Investment Banking Division of Egyptian Financial Group Hermes Holding (EFG Hermes) has completed advisory on Ali Alghanim and Sons Automotive Company’s $323 million private placement ahead of the initial public offering (IPO) on Boursa Kuwait. EFG Hermes noted that Ali Alghanim IPO marked the Egyptian Exchange’s (EGX) listed firm’s…

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