EFG Hermes, a leading investment bank in the Middle East and North Africa (MENA), has been recognized as the top investment bank in the MENA Equity & Equity-Related category for 2024 by the London Stock Exchange Group (LSEG). The firm led the MENA market in equity capital market (ECM) activities, successfully completing 11 Initial Public Offerings (IPOs) and 6 secondary offerings. This notable achievement highlights EFG Hermes’ position as a trusted partner for major capital market solutions in the region.

The firm showcased its leadership across nine diverse sectors, including healthcare, technology, consumer finance, and education. Among the significant transactions were the first tech unicorn listing on the main Saudi Exchange, Nice One, along with IPOs for notable companies such as Talabat, LuLu, Alef Education, Spinneys, UIHC, Miahona, Beyout, Almoosa Health, and Fakeeh Care Group. Additionally, the landmark Aramco Follow-on Offering (FMO), recognized as one of the largest secondary offerings in the region, further solidified EFG Hermes’ expertise.

EFG Hermes executed these transactions across four major GCC exchanges—Tadawul, ADX, DFM, and Boursa Kuwait—demonstrating its ability to operate effectively beyond its home market. Mohamed Ebeid, Co-CEO of EFG Hermes, noted that the firm achieved the highest deal count executed in a single year, emphasizing the trust clients place in their capabilities and the depth of their relationships. According to Khaleej Times, he stated, “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, highlighted the significance of their 2024 performance, stating, “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.” He emphasized that the diversity of markets, industries, and transaction sizes they cater to sets the firm apart, indicating a sustainable approach to growth.

Looking ahead, EFG Hermes is optimistic about maintaining the highest deal count in MENA ECM transactions for 2025, supported by a strong pipeline of upcoming deals. Gad expressed confidence in the firm’s prospects, affirming, “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.”