Page 58 - AAE PR REPORT - January 2024

1/17/24, 10:25 AM Power Letters 2024: Moustafa Gad, head of Investment Banking - EFG Hermes
At EFG Hermes , EFG Holding’s Investment Bank, the leading investment bank in frontier
and emerging markets with a current footprint spanning 12 countries across four

continents, a transformative wave is set to sweep through our operations in 2024, driven

by the strong economic tailwinds in our region.

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EFG Hermes enjoys a successful year

We continue to strengthen our presence in the GCC as we ramp up our pipeline of

prominent equity transactions across the region’s largest exchange, a testament to our

unwavering efforts to capture the rising demand in the region and bring quality, value-
generating investment prospects to local and global investors.

We were successful in advising on some of the GCC’s most prominent listings, having

advised on ADNOC Gas’ initial public offering (IPO) on the Abu Dhabi Securities Exchange
and Al Ansari Financial Services’ IPO following the advisory on the IPO of Dubai-Based

Education Platform Taaleem as part of the rise of the private sector led IPOs on the Dubai

Financial Market, amongst others.

This underscores our unrivalled ability to continue tapping into the region’s robust pipeline

of state-owned and private company offerings that unlock compelling prospects for global
and regional investors.

Looking at the landscape, 2024 promises to sustain the momentum in the GCC region,
with Saudi Arabia taking centre stage. The depth of the market, particularly in the private

sector, makes Saudi Arabia a powerhouse that contributes significantly to the economy.

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