29 Facts About EFG Hermes

EFG Hermes serves a range of clients including sovereign wealth funds, endowments, corporations, financial institutions, high-net-worth clients and individual customers.

EFG Hermes is listed on the Egyptian Exchange and London stock exchanges.

EFG Hermes has offices in Egypt, the United Arab Emirates, the Kingdom of Saudi Arabia, Pakistan, Oman, Kuwait, Jordan, Kenya, Nigeria, UK, United States and Bangladesh with over 4,500 people from 25 nationalities.

EFG Hermes, known as the Egyptian Financial Group, became the first investment banking firm in Egypt when it was established by Dr Mohamed Taymour in 1984.

EFG Hermes was founded in 1993 under the newly promulgated Capital Markets Law 95.

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EFG Hermes created and analyzed privatization plans for the Egyptian government for several years.

In 1993, The Egyptian Financial Group and EFG Hermes independently made a move into securities brokerage.

Year 2021, EFG Hermes Holding has posted profit after tax of along with group's top line surpassing the.

EFG Hermes has five Divisions and six subsidiaries under its finance platform.

EFG Hermes Private Equity is a private equity house, with a presence in Cairo and Dubai.

In late 2014, EFG Hermes launched Vortex - its renewable energy vehicle - to invest in solar and wind energy projects across Europe and Asia.

EFG Hermes launched its brokerage activities in the UAE in early 2005, and by early 2007 had captured dominant market share on Dubai Financial Market.

In December 2005, EFG Hermes was granted a license by the Dubai International Financial Centre to conduct asset management and investment banking activities.

EFG Hermes UAE is regulated in this capacity by the Dubai Financial Services Authority, an independent regulatory authority that operates to the standards of major financial centers such as London and New York City.

In February 2006, EFG Hermes UAE was granted a license to conduct brokerage activities from within the Dubai International Financial Centre and became the first regional trading, clearing and custody member of the Dubai International Financial Exchange, its wholesale exchange.

EFG Hermes was granted a license from the Capital Market Authority to launch its operations in the Kingdom of Saudi Arabia in March 2007 offering securities brokerage, investment banking, asset management and research services in the largest investment market in the region.

EFG Hermes, inaugurated its office in Pakistan, making it the first foreign investment bank to directly enter the market since 2008 and the first foreign broker to have a local footprint in the country.

EFG Hermes has long since accounted for substantial flows into the Omani market on behalf of its foreign institutional clients, and is able to serve a broader base of clients from its presence on the ground in Oman.

EFG Hermes IFA, the brokerage arm of EFG Hermes in Kuwait, is a brokerage firm on the Kuwait Stock Exchange with a client base including a wide array of retail, VIP and high-net-worth clients, as well as local, regional, and international institutional investors.

EFG Hermes IFA provides the full range of brokerage services including an online trading platform.

Since inception, EFG Hermes Jordan has maintained a client base of around 6,000 investors by the end of 1H2017 ranging from retail, VIP, high net worth clients, local and regional institutions as well as foreign institutional investors.

EFG Hermes Kenya launched its operations in 2017, being the firm's first foray into Sub-Saharan Africa in a step that will serve as an East African hub into more neighboring markets.

EFG Hermes provides securities brokerage, research and corporate advisory services spanning Kenya and neighboring markets.

In 2018, EFG Hermes expanded its global presence into the largest economy in West Africa through the acquisition of Primera Africa Securities Limited, now EFG Hermes Nigeria Limited.

EFG Hermes Nigeria is licensed by the Securities and Exchange Commission and the Nigerian Stock Exchange to carry out brokerage and research coverage services.

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EFG Hermes USA, Inc is a subsidiary of EFG Hermes Holding and is a member of FINRA and SIPC.

EFG Hermes Bangladesh was inaugurated as rep office in Dhaka, the capital city of Bangladesh, to serve the firm's network of global institutional clients.

The addition of Bangladesh to the firm's frontier platform came as part of EFG Hermes' drive to expand representation in high-potential frontier emerging markets.

EFG Hermes entered an agreement in 2019 with ACBS - the securities brokerage arm of ACB Asia Commercial Bank of Vietnam to offer its clients on-ground access to the local capital markets.