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The firm edged out both global and regional peers for the top spot and was the only Egyptian firm to have placed in the top 10 on the league table in both 2014 and 2015
(Cairo, Egypt) -- EFG Hermes, the leading investment bank in the Arab world, closed 2015 as the number one investment bank in the Middle East as ranked by fees generated from equity capital market transactions, according to an independent report compiled by Thomson Reuters Deal Making Intelligence.
EFG Hermes edged out both global and regional peers for the top spot this year and is the only Egyptian firm to have placed in the top 10 on the Thomson Reuters league tables in each of the past two years
The report notes that "EFG Hermes took the top spot for ECM underwriting fees in the region with a 15.5% share," finishing atop the rankings in 2015 after having closed 2014 in fifth place.
"The team served as global coordinator and bookrunner on four of the five largest transactions in the Middle East last year," said EFG Hermes Head of Investment Banking Ahmed El-Guindy. "The firm's performance is a testament to our ability to consistently outperform our regional and global peers through our choice of high quality investment stories as well as our unrivaled ability to raise considerable demand from local, regional, global and emerging market investors, despite challenging market conditions."
The firm has lead-managed and executed all international-standard IPOs -- those executed in accordance with the international standards (Reg S/Rule 144A) to have come out of Egypt and the United Arab Emirates in the past 24 months.
"EFG Hermes is the only regional investment bank that has consistently executed landmark IPOs for its regional clients across regional and international exchanges," said EFG Hermes Chief Executive Officer Karim Awad. "Ranking as the number one ECM fee earner in the Middle East is a fantastic achievement for the firm, particularly given the challenging conditions in regional markets last year."
Since 2014, the firm has raised more than US$ 4 billion for 12 equity capital market transactions, leveraging its leading position as the Arab World's largest equities franchise that has traded US$ 80 billion for its clients across MENA markets in the past 24 months.
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About EFG Hermes
With a footprint spanning seven countries in the Middle East and North Africa, EFG Hermes started in Egypt and has grown over 30 years to become the region's leading investment bank. We have a proven track record of providing a wide spectrum of financial services including investment banking, asset management, securities brokerage, research and private equity to clients across the region and beyond. EFG Hermes also owns a 63.7% majority stake in the Lebanese commercial bank Crédit Libanais.
Through our on-the-ground operations in Egypt, Jordan, Kuwait, Lebanon, Oman, Saudi Arabia and the UAE, and with more than 800 talented employees of 25 nationalities, we serve a considerable and diversified client base from the Middle East and North Africa to Europe, Africa and the United States. Our clients include corporations, financial institutions, governments, high net worth clients and individual customers.
In 2015, we launched EFG Hermes Leasing, a wholly-owned subsidiary offering leasing services and highly sought-after, value-added advisory to large corporations and SMEs across Egypt.
For further information about EFG Hermes, please visit www.efghermes.com
For further information, please contact:
EFG Hermes Media
media@efg-hermes.com
May El Gammal
Head of Marketing
melgammal@efg-hermes.com
© Press Release 2016
