EFG Hermes Holding
The Middle East’s 30 Biggest Asset Managers 2021

Rank: 17

EFG Hermes Holding

Country: Egypt

Group CEO and Chairman of the Executive Committee: Karim Awad

Date of Establishment: 1984

AUM: $3.5 billion

EFG Hermes’s asset management division recorded $3.5 billion in assets under management in 2020. Group revenues reached $350 million last year, an increase of 12% compared to 2019. In 2020, it also advised on the $700 million IPO of the Dr. Sulaiman Al Habib Group on Tadawul, as well as the sale of Pakistan’s United Bank Limited’s Tanzanian subsidiary. In 2021, EFG Hermes completed advisory on the $144 million IPO of Alkhorayef Water & Power Technologies and was appointed as sole financial adviser of FAB’s 100% acquisition of Bank Audi (Egypt).