EFG-Hermes receives Egypt OnLine trading licence

Notes and media contacts

EFG-Hermes:
EFG-Hermes is the Arab world's premier investment banking firm and the market leader in securities brokerage, asset management, investment banking, and private equity. Established in 1984, it now boasts a market capitalization in excess of US$ 2 billion. It is listed on the London and Cairo stock exchanges.

EFG-Hermes is the number one securities broker on the Cairo and Alexandria Stock Exchange and has already built a top 10 position in UAE since its launch less than 2 years ago. The independent research team publishes reports on 80 companies across the region.

EFG-Hermes Asset Management currently manages a range of Egyptian, Offshore and Islamic funds. Total assets under management including private equity and portfolios are currently in excess of US$ 2 billion.

Since 1997, EFG-Hermes has raised equity of approximately US$ 7 billion for its investment banking clients and advised on more than US$ 13 billion worth of M&A transactions. The firm advised major international clients such as Nestle, Kraft Foods, American Express, Pepsi Co., Heineken, Bristol-Myers Squibb Co., HSBC, and GlaxoSmithKline.

Recently a license was received to operate an Investment Bank, Brokerage and Asset Management operation in the Kingdom of Saudi Arabia and the business is well advanced in preparations for a full launch later in the year.

EFG-Hermes is the largest shareholder in Bank Audi, one of the leading banks in Lebanon and the region.


For further information, please contact:

Hanzada Abdel-Rahman
Marketing Manager
EFG-Hermes Holding SAE.
Direct Tel: +2023318182
Fax: +2023383616