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EFG Holding
EFG Holding S.A.E. (Egyptian Financial Group Holding Company) is an Egyptian financial services company present in the Middle East, North Africa, Sub-Saharan Africa, and South Asia regions and specializes in securities brokerage, asset management, investment banking, private equity and research in addition to finance lease, factoring, microfinance, Financial technology, mortgage, and insurance. EFG Holding 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 (EGX) and London (LSE) stock exchanges. EFG Hermes has offices in Egypt, the United Arab Emirates (UAE), the Kingdom of Saudi Arabia (KSA), Pakistan, Oman, Kuwait, Jordan, Kenya, Nigeria, UK, United States and Bangladesh with over 4,500 people from 25 nationalities. They serve clients from the Middle East, North Africa, Europe and the United States. Currently, EFG Holding is listed as number 13 in Forbes' Top 50 Listed Companies in Egypt 2023.
EFG, also known as the Egyptian Financial Group, became the first investment banking firm in Egypt when it was established by Dr Mohamed Taymour in 1984. Holding was founded in 1993 under the newly promulgated Capital Markets Law 95. EFG created and analyzed privatization plans for the Egyptian government for several years. In 1993, The Egyptian Financial Group and Hermes independently made a move into securities brokerage. The two companies competed and both companies brought many investment strategies that were common to the west to Egypt as several of the two firm's founders had Wall Street experience in corporate finance, sales & trading and asset management;, for example Hermes established the first equity index in all of Egypt.
In 1994, both Egyptian Financial Group and Holding entered into asset management. Fueled by organic growth; the two firms also accounted for lead managing a majority of the privatization capital markets IPO's during 1995 and 1996. The two companies soon reached the point that further growth was not possible without a wider network of local and international clients on one hand, as well as the rising competitive threat of international investment banks in the progressively more active Egyptian market in terms of investment banking privatization transactions as well as higher trading volumes . These factors led to a merger in 1996 between EFG and Hermes.
For the year 2021, EFG Holding has posted profit after tax (PAT) of E£1.5 billion along with group’s top line surpassing the E£6 billion.
EFG Holding has five divisions and six subsidiaries under its finance platform
EFG Holding Securities Brokerage is the leading brokerage house in the Arab world.[citation needed] With the region's largest brokerage team, the division caters to an extended spectrum of investors including foreign, local and Gulf institutions as well as individual, VIP, high-net-worth individuals and family offices. The division's products and services range from trading services including phone trading, online trading, SWAP/P-Note products trading and margin lending for Egyptian retail investors.
EFG Holding Asset Management serves a client base that includes sovereign wealth funds, endowments, foundations, multinational corporations and family offices. The division employs professionals in portfolio management, trading, research, compliance and risk across its 3 locations in Egypt, UAE (Dubai) and Saudi Arabia.
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EFG Holding
EFG Holding S.A.E. (Egyptian Financial Group Holding Company) is an Egyptian financial services company present in the Middle East, North Africa, Sub-Saharan Africa, and South Asia regions and specializes in securities brokerage, asset management, investment banking, private equity and research in addition to finance lease, factoring, microfinance, Financial technology, mortgage, and insurance. EFG Holding 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 (EGX) and London (LSE) stock exchanges. EFG Hermes has offices in Egypt, the United Arab Emirates (UAE), the Kingdom of Saudi Arabia (KSA), Pakistan, Oman, Kuwait, Jordan, Kenya, Nigeria, UK, United States and Bangladesh with over 4,500 people from 25 nationalities. They serve clients from the Middle East, North Africa, Europe and the United States. Currently, EFG Holding is listed as number 13 in Forbes' Top 50 Listed Companies in Egypt 2023.
EFG, also known as the Egyptian Financial Group, became the first investment banking firm in Egypt when it was established by Dr Mohamed Taymour in 1984. Holding was founded in 1993 under the newly promulgated Capital Markets Law 95. EFG created and analyzed privatization plans for the Egyptian government for several years. In 1993, The Egyptian Financial Group and Hermes independently made a move into securities brokerage. The two companies competed and both companies brought many investment strategies that were common to the west to Egypt as several of the two firm's founders had Wall Street experience in corporate finance, sales & trading and asset management;, for example Hermes established the first equity index in all of Egypt.
In 1994, both Egyptian Financial Group and Holding entered into asset management. Fueled by organic growth; the two firms also accounted for lead managing a majority of the privatization capital markets IPO's during 1995 and 1996. The two companies soon reached the point that further growth was not possible without a wider network of local and international clients on one hand, as well as the rising competitive threat of international investment banks in the progressively more active Egyptian market in terms of investment banking privatization transactions as well as higher trading volumes . These factors led to a merger in 1996 between EFG and Hermes.
For the year 2021, EFG Holding has posted profit after tax (PAT) of E£1.5 billion along with group’s top line surpassing the E£6 billion.
EFG Holding has five divisions and six subsidiaries under its finance platform
EFG Holding Securities Brokerage is the leading brokerage house in the Arab world.[citation needed] With the region's largest brokerage team, the division caters to an extended spectrum of investors including foreign, local and Gulf institutions as well as individual, VIP, high-net-worth individuals and family offices. The division's products and services range from trading services including phone trading, online trading, SWAP/P-Note products trading and margin lending for Egyptian retail investors.
EFG Holding Asset Management serves a client base that includes sovereign wealth funds, endowments, foundations, multinational corporations and family offices. The division employs professionals in portfolio management, trading, research, compliance and risk across its 3 locations in Egypt, UAE (Dubai) and Saudi Arabia.