Sector: Banking and financial services
Group CEO and Chairman of the Executive Committee: Karim Awad
Market value: $860 million
EFG Hermes Holding is one of the largest financial institutions in MENA. It employs more than 6,000 people across 13 countries, including Egypt, the U.A.E., Saudi Arabia, Kuwait, the U.S., the U.K., and Pakistan. Additionally, the group has a buy-side business that manages over $4 billion of assets under management in public and private markets. It entered Egypt’s commercial banking sector in November 2021, when it acquired a 51% stake in the Arab Investment Bank.