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Khaleej Times
27-02-2025
- Business
- Khaleej Times
EFG Hermes successfully completes $2.84 billion marketed offering of Adnoc Gas shares
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (Mena), has announced that its investment banking division has successfully completed a marketed offering of Adnoc Gas shares on behalf of Abu Dhabi National Oil Company (Adnoc). The transaction, which involved the sale of approximately 3.1 billion shares representing a 4 per cent stake in Adnoc Gas and valued at $2.84 billion, marks the first-ever marketed offering in the UAE and the largest placement on the ADX to date. EFG Hermes acted as joint global coordinator and joint bookrunner for the offering, facilitating Adnoc's strategic move to enhance Adnoc Gas' liquidity and free float. The transaction saw exceptional demand from institutional investors across the GCC and internationally. Ali Khalpey, Head of Equity Capital Markets at EFG Hermes, said: 'We are delighted to have played a pivotal role in this significant offering. This successful transaction underscores the robust demand for Adnoc Gas shares and highlights the continued investor confidence in the company's track record and growth trajectory. This marks our ninth ECM transaction for an Adnoc-related company, reaffirming our strong and trusted partnership with Adnoc.' He added, 'Our expertise in managing large-scale equity offerings allows us to support clients in achieving their strategic objectives while optimizing investor participation. This deal further cements EFG Hermes' leadership in regional capital markets and its ability to execute landmark transactions across Mena.' This transaction marks EFG Hermes' latest milestone in the GCC equity capital markets (ECM), building on the momentum of being ranked first in ECM in 2024 by the London Stock Exchange Group (LSEG). This deal also follows the firm's role in major secondary offerings in 2024, including the landmark Aramco Follow-on Offering (FMO) and two Accelerated Bookbuild Offerings (ABB) on Adnoc Drilling, showcasing the firm's expertise in rapid and efficient execution.
Zawya
25-02-2025
- Business
- Zawya
EFG Hermes successfully completes USD 2.84bln marketed offering of ADNOC Gas shares on behalf of ADNOC
Abu Dhabi: EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking division has successfully completed a marketed offering of ADNOC Gas shares on behalf of Abu Dhabi National Oil Company (ADNOC). The transaction, which involved the sale of approximately 3.1 billion shares representing a 4% stake in ADNOC Gas and valued at USD 2.84 billion, marks the first-ever marketed offering in the UAE and the largest placement on the ADX to date. EFG Hermes acted as Joint Global Coordinator and Joint Bookrunner for the offering, facilitating ADNOC's strategic move to enhance ADNOC Gas' liquidity and free float. The transaction saw exceptional demand from institutional investors across the GCC and internationally. Ali Khalpey, Head of Equity Capital Markets at EFG Hermes, said: 'We are delighted to have played a pivotal role in this significant offering. This successful transaction underscores the robust demand for ADNOC Gas shares and highlights the continued investor confidence in the company's track record and growth trajectory. This marks our ninth ECM transaction for an ADNOC-related company, reaffirming our strong and trusted partnership with ADNOC.' He added, 'Our expertise in managing large-scale equity offerings allows us to support clients in achieving their strategic objectives while optimizing investor participation. This deal further cements EFG Hermes' leadership in regional capital markets and its ability to execute landmark transactions across MENA.' This transaction marks EFG Hermes' latest milestone in the GCC equity capital markets (ECM), building on the momentum of being ranked 1st in ECM in 2024 by the London Stock Exchange Group (LSEG). This deal also follows the firm's role in major secondary offerings in 2024, including the landmark Aramco Follow-on Offering (FMO) and two Accelerated Bookbuild Offerings (ABB) on ADNOC Drilling, showcasing the firm's expertise in rapid and efficient execution. About EFG Holding EFG Holding (EGX: – LSE: EFGD) is a financial institution that boasts a remarkable 40-year legacy of success in seven countries spanning two continents. Operating within three distinct verticals — the Investment Bank (EFG Hermes), Non-Bank Financial Institutions (NBFI) (EFG Finance), and Commercial Bank (Bank NXT) — the company provides a comprehensive range of groundbreaking financial products and services tailored to meet the needs of a diverse clientele, including individual clients and businesses of all sizes. EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), offers extensive financial services, encompassing advisory, asset management, securities brokerage, research, and private equity. In its domestic market, EFG Holding serves as a universal bank, with EFG Finance emerging as the fastest-growing NBFI platform, comprising Tanmeyah, a microfinance player, EFG Corp-Solutions, which provides leasing and factoring services, Valu, a universal financial technology powerhouse, PayTabs Egypt, a digital payment platform, Bedaya for mortgage finance, Kaf for insurance, Fatura, a technology-backed B2B marketplace and EFG Finance SMEs which provides financial services for small and medium enterprises. Furthermore, the company delivers commercial banking solutions through Bank NXT, an integrated retail and corporate banking product provider in Egypt. Proudly present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Bahrain | Kenya | Nigeria | Learn more about us at For further information, please contact: May El Gammal Group Chief Marketing & Communications Officer of EFG Holding melgammal@ Omar Salama Senior Communications Manager of EFG Holding osalama@ The EFG Holding Public Relations Team PublicRelations@
Zawya
29-01-2025
- Business
- Zawya
EFG Hermes tops Mena Equity Capital Markets rankings
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa has announced that it has secured the top position in its 2024 Mena equity capital markets ranking of London Stock Exchange Group (LSEG). The Egyptian firm was named the #1 investment bank in the Mena Equity & Equity-Related category for 2024 by the London Stock Exchange Group (LSEG). These achievements reflect the firm's prominent position in the region and its ability to capture an impressive market share in transactions, including a leading number of senior roles. EFG Hermes led the Mena market in equity capital market (ECM) activity for 2024, completing 11 IPOs and six secondary offerings. The firm's ability to secure a significant number of senior roles across transactions underscores its trusted position as the partner of choice for high-profile capital market solutions in the region, said the company in a statement. EFG Hermes' leadership was evident in its execution across nine diverse sectors, including healthcare, technology, consumer finance, and education. 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 These transactions were successfully executed across four major GCC exchanges - Tadawul, ADX, DFM, and Boursa Kuwait - cementing EFG Hermes' regional footprint and demonstrating its ability to operate beyond its home market. Mohamed Ebeid, the Co-CEO of EFG Hermes, said: "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." "We are committed to executing impactful transactions that not only drive client success but also contribute to the growth of the region's capital markets," he added. Moustafa Gad, Global Head of Investment Banking at EFG Hermes, said: "Our 2024 performance speaks volumes about the strength and resilience of our platform. Achieving the highest deal count in Mena ECM transactions, including 11 IPOs and 6 secondary offerings, underscores not only our leadership in numbers but also the breadth and depth of our capabilities." "What truly sets us apart is the diversity of markets, industries, and transaction sizes we cater to, demonstrating a sustainable, well-rounded approach to growth rather than relying on a single mega-deal to drive results," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
28-01-2025
- Business
- Trade Arabia
EFG Hermes tops Mena Equity Capital Markets rankings
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa has announced that it has secured the top position in its 2024 Mena equity capital markets ranking of London Stock Exchange Group (LSEG). The Egyptian firm was named the #1 investment bank in the Mena Equity & Equity-Related category for 2024 by the London Stock Exchange Group (LSEG). These achievements reflect the firm's prominent position in the region and its ability to capture an impressive market share in transactions, including a leading number of senior roles. EFG Hermes led the Mena market in equity capital market (ECM) activity for 2024, completing 11 IPOs and six secondary offerings. The firm's ability to secure a significant number of senior roles across transactions underscores its trusted position as the partner of choice for high-profile capital market solutions in the region, said the company in a statement. EFG Hermes' leadership was evident in its execution across nine diverse sectors, including healthcare, technology, consumer finance, and education. 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 These transactions were successfully executed across four major GCC exchanges - Tadawul, ADX, DFM, and Boursa Kuwait - cementing EFG Hermes' regional footprint and demonstrating its ability to operate beyond its home market. Mohamed Ebeid, the Co-CEO of EFG Hermes, said: "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." "We are committed to executing impactful transactions that not only drive client success but also contribute to the growth of the region's capital markets," he added. Moustafa Gad, Global Head of Investment Banking at EFG Hermes, said: "Our 2024 performance speaks volumes about the strength and resilience of our platform. Achieving the highest deal count in Mena ECM transactions, including 11 IPOs and 6 secondary offerings, underscores not only our leadership in numbers but also the breadth and depth of our capabilities." "What truly sets us apart is the diversity of markets, industries, and transaction sizes we cater to, demonstrating a sustainable, well-rounded approach to growth rather than relying on a single mega-deal to drive results," he added. -TradeArabia News Service
Khaleej Times
28-01-2025
- Business
- Khaleej Times
EFG Hermes secures top spot in MENA equity capital markets for 2024
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) announced its recent rankings in MENA equity capital markets in 2024. The Firm was named the #1 investment bank in the MENA Equity & Equity-Related category for 2024 by the London Stock Exchange Group (LSEG). T EFG Hermes led the MENA market in equity capital market (ECM) activity for 2024, completing 11 IPOs and 6 secondary offerings. The firm's ability to secure a significant number of senior roles across transactions underscores its trusted position as the partner of choice for high-profile capital market solutions in the region. EFG Hermes' leadership was evident in its execution across nine diverse sectors, including healthcare, technology, consumer finance, and education. 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 These transactions were successfully executed across four major GCC exchanges— Tadawul, ADX, DFM, and Boursa Kuwait— cementing EFG Hermes' regional footprint and demonstrating its ability to operate beyond its home market. Mohamed Ebeid, Co-CEO of EFG Hermes, an EFG Holding company, said, '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. We are committed to executing impactful transactions that not only drive client success but also contribute to the growth of the region's capital markets. Moustafa Gad, Global Head of Investment Banking at EFG Hermes, added, 'Our 2024 performance speaks volumes about the strength and resilience of our platform. Achieving the highest deal count in MENA ECM transactions, including 11 IPOs and 6 secondary offerings, underscores not only our leadership in numbers but also the breadth and depth of our capabilities. What truly sets us apart is the diversity of markets, industries, and transaction sizes we cater to, demonstrating a sustainable, well-rounded approach to growth rather than relying on a single mega-deal to drive results.' Looking ahead, EFG Hermes is projected to maintain the highest deal count in MENA ECM transactions for 2025, driven by its strong pipeline and ability to secure senior roles in upcoming high-profile deals. The firm's sector and market diversification provide a sustainable platform to replicate its success and continue leading the market. '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. We are not just leading the market; we are building a sustainable foundation to continue doing so for years to come, proving that our success is as dynamic and versatile as the markets we serve,' added Gad.
