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EFG-Hermes Qatar to QFC
- Qatar: Sunday, December 16 - 2007 at 07:47
EFG-Hermes Qatar has been granted a license by the Qatar Financial Centre Authority (QFCA) to carry out investment banking and asset management activities. Egyptian lender EFG-Hermes holds a majority 51% shareholding in EFG-Hermes Qatar and the new entity has an initial capitalisation of $37m. The Qatar operation will be headed up by Ahmed Waly.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 16 - 2007 at 07:47 UAE local time (GMT+4)
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