EFG Hermes approves a dividend of EGP 0.50 per share as it holds its first ordinary and extraordinary general meeting under the leadership of non-executive chairperson Mona Zulficar
The EFG Hermes’ brokerage division has been named the GTM / Egyptian Exchange’s Best Brokerage Firm of 2009. The GTM / EGX Awards highlight excellence among the companies listed on the Egyptian Exchange and the financial-industry firms that support them.
New measures prepare EFG Hermes for difficult months in 2009 — and to quickly capture growth when regional markets improve — as leading Arab investment bank EFG Hermes posts solid profits for FY 2008 despite challenging market conditions during the second half of the year. To view the FY 2008 Earnings Release, please click here
EFG Hermes Investment Banking was Sole Financial Advisor to Al Arafa for Investment and Consultancies S.A.E. as it acquired a 35% stake in Forall Confezioni S.p.A. for total consideration of €25.3 million.
At the Arabian Business Magazine’s Awards ceremony last night, EFG Hermes was awarded Investment Bank of the Year. Matthew Wakeman received this award on behalf of the bank. A spokesperson for Arabian Business commented ‘the banking industry may be struggling amid the global economic downturn, but some are still performing strongly, as EFG Hermes has proved.’ The awards were judged by a distinguished panel of business leaders and ITP senior executives. The awards are designed to recognize excellence across all sectors of business in the Arab world, and winners were selected from among a list of exceptional candidates in each of the 18 categories.
More than 125 investors representing 62 prominent global firms attended the London Stock Exchange’s first Egypt Capital Markets Day (ECMD) on Friday, 28 November 2008, to meet with 10 leading EGX-listed companies and senior government officials.
EFG Hermes will be the lead equity sponsor of the first NASDAQ OMX Middle East Investor Conference, set to be held in Dubai on Thursday November 20, 2008. The landmark event will provide the Middle Eastern investor community with the opportunity to meet with and learn more about the strategies of more than 30 leading listed companies in a number of sectors including information technology, healthcare, media, retail, precious minerals and natural resources companies, among many others.
EFG Hermes released its earnings results for the first nine months of 2008, its first since the Middle East began feeling the effect of the credit and liquidity crunch in Western markets. (Click here to download the latest earnings release)
EFG Hermes has today confirmed its commitment to providing its clients with quality research products with the launch of the EFG Hermes Focus List. This innovative research tool lists the investment bank’s top ten stock picks from across the Middle East and North Africa region.
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