EFG Hermes is the leading company in MENA equity capital markets in 2024, according to LSEG
The London Stock Exchange Group (LSEG) named EFG Hermes the best investment bank in the Middle East and North Africa (MENA) for stocks and related investments in 2024.
Top Ranking
EFG Hermes, a part of Egypt-based EFG Holding, led the MENA region in stock market activities in 2024. It handled 11 initial public offerings (IPOs) and six secondary listings, according to a statement on Tuesday.
The company held a 9.6% market share in MENA’s stock market deals in 2024, as reported by LSEG’s Investment Banking Review. Its earnings grew 150% from the previous year, reaching $2.89 billion.
EFG Hermes said this success shows its strong position in the region and its ability to handle major deals. It worked across nine sectors, including healthcare, technology, consumer finance, and education.
2024 Stock Offerings
The company helped launch the first tech unicorn listing on Saudi Arabia’s main stock exchange with Nice One. Other IPOs included Talabat, LuLu, Alef Education, Parkin, Spinneys, UIHC, Miahona, Beyout, Almoosa Health, and Fakeeh Care Group.
It also worked on secondary stock offerings, including Saudi Aramco’s major follow-on sale—the biggest in the region—and fast-track stock sales for ADNOC Drilling.
These deals took place on four major Gulf stock exchanges: Saudi Arabia’s Tadawul, Abu Dhabi Securities Exchange (ADX), Dubai Financial Market (DFM), and Boursa Kuwait.
Key Statement
“This year, we handled the most deals ever in stock market and merger activities,” said Mohamed Ebeid, co-CEO of EFG Hermes. He added that the company remains committed to making impactful deals that help grow the region’s financial markets.
Looking Ahead to 2025
EFG Hermes plans to maintain its top position in MENA’s stock market deals this year. The company says it has a strong lineup of deals and will continue playing a key role in major upcoming transactions.
Published: 29th January 2025
For more article like this please follow our social media Twitter, Linkedin & Instagram
Also Read:
5 Tips for Boosting Mental Health: How Are You Doing?
Rani Zakhem returns to the runway with a Ramadan collection
ADNOC Gas signs $450M deal to supply LNG to Japan’s JERA
