Page 136 - ALEF EDUCATION PR REPORT MARCH 2025

3/17/25, 10:41 AM Karim Awad - Top 40 Asset Managers 2025 - Forbes Lists

Top 40 Asset

Managers 2025

10. Karim Awad

Designation: Group CEO & Chairman of the Executive Committee
Company: EFG Holding
Nationality: Egyptian
Headquarters: Egypt
Awad joined EFG Holding in 1998 and assumed his current position in 2013. EFG Hermes—EFG
Holding’s investment bank—recorded $5.3 billion in assets under management as of September 2024,
a 15% year-on-year increase. In 2025, the investment bank completed advisory on the $323 million
IPO of Nice One Beauty to be listed on the main Saudi Exchange. In 2024, it completed advisory on
IPOs for Talabat, LuLu Retail, Alef Education, Parkin, Spinneys, UIHC, Miahona, the Beyout
Investment Group, Almoosa Health, and the Fakeeh Care Group, and the $12.35 billion secondary
offering of Saudi Aramco, among others.

https://www.forbesmiddleeast.com/lists/top-40-asset-managers-2025/karim-awad/ 1/1