Arab Finance: EFG Hermes, EFG Holding’s investment arm, has successfully concluded advisory on the demerger of Al Arafa for Investment and Consultancies into Concrete Fashion Group for Commercial and Industrial Investments (Concrete) and Gtex for Commercial and Industrial Investments (Gtex), as per an emailed press release on March 24^th.

The recent demerger aimed to separate the distinctive style and industry expertise of Concrete from the various strategic investments owned by Gtex.

“This transformative decision sets the stage for Concrete and Gtex to focus on their core businesses, igniting operational excellence and unlocking unparalleled shareholder value,” Co-Head of Investment Banking at EFG Hermes Maged El Ayouti commented.

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