EFG Hermes aims to boost Egypt assets under management by 10% year-end

By Gehad Abdelghany On Aug 7, 2019

Karim Moussa, co-chief executive of the investment banking division at EFG Hermes

Egypt’s EFG Hermes aims to boost its assets under management in the country by 25 percent at the end of the year, its co-chief executive of the investment banking division said on Wednesday.

EFG Hermes, which has a presence in the United Arab Emirates, Saudi Arabia, Kuwait, Jordan, and Oman, is one of the largest investment banks in the Middle East.

EFG’s assets under management are estimated at around $4 billion at the end of the first half of 2019, including 14 billion Egyptian pounds in Egypt, Karim Moussa told Amwal Al Ghad.