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At the prestigious event, the firm was also named Best Middle East Broker for the fifth time and Best Broker in Kuwait
Amman - EFG Hermes, the leading investment bank in the Arab world, announced today that EFG Hermes Securities Brokerage has been awarded "Best Broker" in Jordanat the EMEA Finance Middle East Banking Awards 2014. The Securities Brokerage division was also named "Best Broker" in the Middle East and "Best Broker" in Kuwait.
"We are deeply honoured to receive this award, which we consider to be a testament to the strength and success of our efforts to serve the Jordanian market with innovative, state-of-the-art products that enhance user experience and that are backed by world-class research," said Ahmed Waly, Co-Head of Securities Brokerage. "The remarkable leap that we have made in the Jordanian market, from a 12th place ranking in 2013 up to 3rdin 2014 marks a turning point in our growth as a regional leader and speaks volumes to the competence of our on-the-ground team in Jordan."
As of FY14, the Securities Brokerage division remained the number-one ranked broker in Egypt, ranked 3rdon the ADX, and maintained its position in Dubai where it ranked6thonthe DFM and 1ston the NASDAQ Dubai. In KSA the divisionalso maintained a leading position rankingfirst amongst foreign brokers.
In Oman, the Securities Brokerage division improved its ranking in FY14 to 4th from 7th, the second-best improvement in ranking after Jordan.
EFG Hermes' top-notch rankings and robust market shares on both the institutionaland retail sides of the business are a further acknowledgementof the firm's outstanding ability to providemulti-market access, innovative trading platforms and experienced on-the-ground teams.
The EMEA Finance accolades highlight Securities Brokerage's unrivaled strength in raising equity for regional IPOs, including -- in 2014 -- the USD 110 millionIPO of Arabian Cement Company(ACC), Egypt's first since 2011; the milestone Emirates REIT IPO, with a coverage rate of 3.5x, onNasdaq Dubai; and the heavily over-subscribedUSD 1.6 billion Emaar MallsGroup IPO, the largestthe UAE market has seen in years andone of the most anticipated offeringsin the region this year.
The prestigious recognitions come on the heels of a series of honours earned by Securities Brokerage, including being recognized as Best Brokerin Egypt 2014 at EMEA Finance Magazine'sannual African Banking Awards, Egypt Brokerof the Year and Saudi Broker of theYear by Global Investor / isf, and Best Securities Brokerage House inKuwait by Global Brands Magazine. EFG Hermes Securities Brokerage is supported by the firm's award-winning Research division, which provides in-depth fundamental analysis, in addition to sector analysis, economics reports and strategy reports.
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About EFG Hermes
Established in 1984, EFG Hermes is the leading investment bank in the Arab world, draws on 30 years of experience to serve as the preeminent investment bank in the region to provide a comprehensive spectrum of financial services including Investment Banking, Asset Management, Securities Brokerage, Research and Private Equity. Additionally, EFG Hermes owns a 63.7% majority stake in the Lebanese commercial bank CréditLibanais.
Through its operations in Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia and the UAE, with more than 800 employees of 25 nationalities, EFG Hermes serves a considerable and diversified client base from the Middle East and North Africa to Europe, Africa and the United States. Our clients include governments, corporations, financial institutions, high net worth clients and individual customers.
For further information about EFG Hermes, please visitwww.efghermes.comand stay connected with us:
For further information, please contact:
EFG Hermes Media
media@efg-hermes.com
May El Gammal
Head of Marketing
melgammal@efg-hermes.com
Note on Forward-Looking Statements
In this press release, EFG Hermes may make forward looking statements, including, for example, statements about management's expectations, strategic objectives, growth opportunities and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Hermes' belief regarding future events, many of which, by their nature are inherently uncertain and are beyond management's control and include among others, financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current, pending and future legislation, regulations and regulatory actions. Accordingly, the readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made.
© Press Release 2015
