Riyadh – EFG Hermes, the investment bank of EFG Holding and a leading player in the MENA region, announced today that it acted as financial advisor to Jahez International Information Technology Systems (Jahez) in its acquisition of a majority stake in Sununu Holding (Sununu), Qatar’s leading technology and on-demand delivery platform. This transaction represents a strategic milestone that strengthens Jahez’s journey towards becoming a leading technology company in the GCC and marks a significant step in its entry into the Qatari market. Jahez acquired a 76.56% stake in Sununu for US$245 million, with Eng. Hamad Mubarak Al-Hajri, founder and CEO of Sununu, retaining the remaining 23.44% stake after the transaction is completed.

In this context, Saud Al-Tassan, CEO of EFG Hermes KSA, stated: “This deal represents a milestone in the journey of the technology and e-commerce sectors in the region, as it brings together two of the most prominent local innovators who share the same vision for growth and digital transformation. We are proud to have developed this investment opportunity from its inception and provided the necessary advice for its successful completion, which reflects EFG Hermes’ ability to identify early strategic opportunities, connect ambitious market leaders, and execute cross-border deals that deliver sustainable long-term value.”

Karim Malika, Co-Head of Investment Banking at EFG Hermes, added: “This alliance marks a new chapter in Jahez and Sununu’s journey towards regional expansion. Jahez’s scale and operational expertise will contribute to driving Sununu’s growth, while Sununu will enrich Jahez with its product development capabilities and exceptional team. EFG Hermes has been a pivotal partner in supporting Jahez’s journey thanks to our extensive experience in cross-border logistics, e-commerce, and on-demand delivery services. This collaboration reflects our unique ability to assist Saudi companies in executing complex international investment deals and represents the Kingdom’s second foreign investment this year, following Vision Invest ’s strategic investment in Arise Integrated Industrial Platforms, further strengthening the Kingdom’s investment presence on the global stage.”

Since the beginning of the year, EFG Hermes has provided advisory services on 7 mergers and acquisitions deals, 11 debt markets deals, and 10 capital markets deals across the region, including notable deals in Saudi Arabia, the UAE, Oman, and Egypt, confirming the firm’s leadership in regional markets.

About EFG Holding Group

EFG Holding Group (EGX: HRHO.CA – LSE: EFGD) has a direct presence in seven countries across two continents. Originating in the Egyptian market, the company has expanded over more than four decades of continuous success. Its three business units – Investment Bank (EFG Hermes), Non-Banking Financial Platform (EFG Finance), and Commercial Bank (Next Bank) – have contributed to solidifying the Group's leading position and enhancing its ability to launch more financial products and services. This enables it to offer a comprehensive suite of services to meet the needs of its individual and corporate clients of all sizes and to reach new customers.

EFG Hermes is a leading investment bank in the Middle East and North Africa, offering a unique suite of financial and investment services, ranging from advisory and asset management to securities brokerage, research, and direct investment. In the Egyptian market, EFG Holding owns a leading non-banking financial services platform, EFG Finance, which encompasses several activities, including Tanmeyah, a leading financial services provider in Egypt, particularly for micro-enterprises; EFG Leasing and Factoring Solutions; ValU for Financial Technology; Bedaya for Mortgage Finance; Kaf Insurance; and EFG for SME Finance. Additionally, the group provides commercial banking services through Next Bank, a leading bank in Egypt specializing in a comprehensive range of banking solutions for individuals and businesses.

We are proud to be present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Bahrain | Kenya | Nigeria

For more information, please visit: www.efghldg.com

For more information, please contact:

Mai Al-Jamal

Head of Marketing and Communications at EFG Holding Group

melgammal@efghldg.com

Omar Salama

Senior Vice President of Communications and Public Relations at EFG Holding Group

osalama@efghldg.com

Media Relations Department of EFG Holding Group

PublicRelations@efghldg.com

Note on leading data

In this press release, EFG Holding Group may make forward-looking statements, such as statements regarding management's expectations, strategic objectives, growth opportunities, and business prospects. These forward-looking statements are not historical facts but rather represent only EFG Holding Group's belief regarding future events, many of which are uncertain and beyond management's control. These include, among other things, financial market volatility, actions and initiatives by current and potential competitors, general economic conditions, and the impact of current, pending, and future legislation, regulations, and regulatory actions. Accordingly, readers are cautioned against placing undue reliance on forward-looking statements, which are only written as of the date of their release.

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