EFG Hermes, a leading investment bank in the Arab world, has named the top investment bank in the Middle East, as ranked by fees generated from equity capital market transactions, according to a report.

 

The independent report compiled by Thomson Reuters Deal Making Intelligence said EFG Hermes has edged out both global and regional peers for the top spot this year and is the only Egyptian firm to have placed in the top 10 on the Thomson Reuters league table in each of the past two years.

 

“EFG Hermes took the top spot for ECM underwriting fees in the region with a 15.5 per cent share,” finishing atop the rankings in 2015 after having closed 2014 in fifth place, it said.

 

Ahmed El-Guindy, head of investment banking, said: “The team served as global coordinator and bookrunner on four of the five largest transactions in the Middle East last year.

 

“The firm’s performance is a testament to our ability to consistently outperform our regional and global peers through our choice of high quality investment stories as well as our unrivaled ability to raise considerable demand from local, regional, global and emerging market investors, despite challenging market conditions.”

 

The firm has lead-managed and executed all international-standard IPOs — those executed in accordance with the international standards (Reg S/Rule 144A) — to have come out of Egypt and the UAE in the past 24 months. - TradeArabia News Service