EFG-Hermes was established in 1984. In July 1998, EFG-Hermes went public with a USD 50 million GDR offering and now boasts a market capitalisation in excess of USD 2.5 billion. EFG-Hermes is listed on the Cairo and Alexandria (CASE) and London stock exchanges.

EFG-Hermes is the number one securities broker on the Cairo and Alexandria Stock Exchange, trading around 20-30% of the daily traded value. The UAE brokerage arm, since launching its operations on DFM in December 2004 and ADSM in March 2005, has built around a 7% share of the value traded.

In December 2005, EFG-Hermes UAE was granted a license to conduct asset management and investment banking activities from the Dubai International Financial Centre (DIFC).

In February 2006, EFG-Hermes UAE was also granted a license to conduct brokerage activities from within the DIFC and became a member of the Dubai International Financial Exchange (DIFX), its wholesale exchange.

In early 2007 EFG-Hermes launched operations in Saudi Arabia which are sure to follow the same success as those in Egypt and the UAE.

The firm represents a customer base of nearly 40,000 clients from the Middle East, Europe and the United States.

EFG-Hermes Asset Management currently manages 14 funds. Including portfolios, the total assets under management are currently around USD 2 billion. EFG-Hermes also manages almost USD 500 million in private equity assets.

EFG-Hermes has offices across Egypt, United Arab Emirates and Kingdom of Saudi Arabia and employs over 550 staff.

For more information on EFG-Hermes, please visit their website: http://www.efg-hermes.com/.

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