EFG Hermes recorded a total 19.1% market share of all fees from ECM transactions in 2017
Emirates NBD EMIRATESNBD -0.61% 8.15 -0.05
FAB NBAD 0.45% 11.05 0.05
EFG Hermes HRHO 0.84% 21.66 0.18
Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) has topped Thomson Reuters’ Middle Eastern investment banking league table for 2017 in terms of equity capital market (ECM) transactions in 2017.
EFG Hermes recorded a total 19.1% market share of all fees from ECM transactions in 2017, edging out Emirates NBD, First Abu Dhabi Bank, Merrill Lynch Bank of America Corporation, and Goldman Sachs Group, the report highlighted.
EFG Hermes has raised $455.3 million as bookrunner on six ECM transactions, ahead of all investment banks in the region, including ahead of Merrill Lynch, First Abu Dhabi Bank, Goldman Sachs, and Emirates NBD, the report indicated.
In December, EFG Hermes’ CEO Karim Awad said that the firm is expected to boost non-financial services to 50% within 2020-2021.
The bank’s energy head Bakr Abdel Wahab also said that EFG Hermes is planning to manage 400-500 megawatts renewable energy projects in Egypt with investments worth $250 million over the coming three years.
EFG Hermes’ capital amounts to EGP 3.07 billion distributed over 614.8 million shares at a par value of EGP 5 per share.
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