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EFG Hermes Secures #1 Position in MENA Equity Capital Markets for 2024

EFG Hermes Secures #1 Position in MENA Equity Capital Markets for 2024
Image Source: EFG Hermes
  • EFG Hermes is named the #1 investment bank in the MENA Equity and Equity-Related category for 2024 by the London Stock Exchange Group (LSEG). 
  • The investment bank led the MENA market in equity capital market (ECM) activity for 2024, completing 11 IPOs and 6 secondary offerings. 
  • EFG’s activity in equity market capital reflects its decades of expertise, innovation and commitment to furthering sustainable growth.

MENA Equity Ranking

EFG Hermes, an EFG Holding Company and investment bank in MENA, announced its recent ranking in MENA equity capital markets in 2024. The firm was named the #1 investment bank in the MENA Equity and Equity-Related category for 2024 by the London Stock Exchange Group (LSEG). 

EFG Hermes led the MENA market in equity capital market (ECM) activity for 2024. As they were successful in completing 11 IPOs and 6 secondary offerings. Thus, this emphasizes their trusted position in high-profile capital market solutions in the region.

“This year marks the highest deal count executed in a single year between ECM and M&A transactions. Capturing this deal count and maximizing our senior role leadership in MENA underscores clients’ trust in our capabilities and the depth of such relationships.”

Mohamed Ebeid, Co-CEO of EFG Hermes, an EFG Holding company

Notable Transactions

Additionally, the company showcased its leadership in its execution across nine diverse sectors including  healthcare, technology, consumer finance and education. Furthermore, these transactions were successfully executed across four major GCC exchanges Tadawul, ADX, DFM, and Boursa Kuwait. This aided in cementing EFG Hermes’ regional footprint and demonstrating its ability to operate beyond its home market. Moreover, some of these notable transactions include:

Initial Public Offerings (IPOs):

  • The first tech unicorn listing on the main Saudi Exchange with Nice One
  • IPOs for Talabat, LuLu, Alef Education, Parkin, Spinneys, UIHC, Miahona, Beyout, Almoosa Health, and Fakeeh Care Group

Secondary Offerings:

  •  The landmark Aramco Follow-on Offering (FMO), one of the largest secondary offerings in the region
  • Two Accelerated Bookbuild Offerings (ABB) for ADNOC Drilling, demonstrating the firm’s expertise in rapid and efficient capital raising

All in all, EFG’s activity in equity market capital reflects its decades of expertise, innovation and commitment to furthering sustainable growth. They continue to strive to drive value for clients and stakeholders in the region.

“As we look to 2025, we are confident that our robust ECM pipeline, combined with the team’s unmatched expertise, positions us to maintain our leadership and deliver exceptional value to our clients.”

Moustafa Gad, Global Head of Investment Banking at EFG Hermes

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