{"id":198446,"date":"2023-05-11T01:31:56","date_gmt":"2023-05-10T22:31:56","guid":{"rendered":"https:\/\/www.arabtelegraph.com\/?p=198446"},"modified":"2024-11-28T23:11:05","modified_gmt":"2024-11-28T21:11:05","slug":"efg-hermes-wins-two-awards-from-the-arab-federation-of-capital-markets-afcm-for-the-year-2022-for-the-best-broker-in-egypt-and-best-broker-in-dubai","status":"publish","type":"post","link":"https:\/\/www.arabtelegraph.com\/?p=198446","title":{"rendered":"EFG Hermes Wins Two Awards from the Arab Federation of Capital Markets (AFCM) for the Year 2022 for the \u201cBest Broker in Egypt\u201d and \u201cBest Broker in Dubai\u201d"},"content":{"rendered":"\n<p dir=\"ltr\"><strong>Cairo, May 10, 2023<\/strong><\/p>\n\n\n\n<p dir=\"ltr\">The Arab Federation of Capital Markets (AFCM) announced yesterday that EFG Hermes has won the \u201cBest Broker in Egypt\u201d and \u201cBest Broker in Dubai\u201d awards for 2022 during the awards ceremony held by AFCM on the 9<sup>th<\/sup> of May 2023 in Muscat, Oman. During 2022, the EFG Hermes brokerage division saw an increase in total executions by 31% Q-o-Q to in Q4 2022 on the back of strong executions in Egypt, the UAE, Saudi Arabia, and Kuwait markets. On an annual basis, total executions increased by 11% Y-o-Y, largely due to the increase in executions in Egypt and Saudi Arabia. Meanwhile, the brokerage division acquired a share of 40.2% of the Egyptian market in 2022, ranking first place in the market. It has also maintained its leading position on the DFM during FY22, with a market share of 41.1%, ranking first place in the Dubai market as well. The Firm remains committed to attracting investments to support the stock markets in the countries it operates in. The awards always mirror our client satisfaction, which drives the Firm to continuously offer best-in-class services and products. Respectively, EFG Hermes\u2019 Brokerage division focuses on three key goals: creating innovative products, effectively contributing to financial literacy, and extending unrivaled client support.<\/p>\n\n\n\n<p dir=\"ltr\">-ENDS-<\/p>\n\n\n\n<p dir=\"ltr\"><strong><u>About EFG Hermes<\/u><\/strong> <strong>Holding<\/strong><\/p>\n\n\n\n<p dir=\"ltr\">With a current footprint spanning 13 countries across four continents, EFG Hermes Holding (EGX: HRHO.CA&nbsp;\u2013 LSE: EFGD)&nbsp;has grown over 39 years of success to transform from a pure-play investment bank in MENA into a universal bank in Egypt with the leading investment bank franchise in Frontier Emerging Markets (FEM). Drawing on our proven track record and a diverse team of talented employees, we provide a wide spectrum of financial services, including advisory, asset management, securities brokerage, research, and private equity, to the entire FEM region. In our home country, we have the fastest-growing non-bank financial institutions (NBFI) platform, with operations covering microfinance, leasing, factoring, Buy-Now Pay-Later (BNPL), digital payment solutions, mortgage finance, and insurance.<\/p>\n\n\n\n<p dir=\"ltr\">And most recently, acquiring a majority stake in aiBANK allowed the firm to offer commercial banking products and services.<\/p>\n\n\n\n<p dir=\"ltr\">Through its three verticals, the Investment Bank, Non-Bank Financial Institutions (NBFI), and Commercial Bank, the group is perfectly positioned to consistently bring disruptive financial products and services to the market space, offering a holistic portfolio that best serves its growing base of individual clients and businesses of all sizes.<\/p>\n\n\n\n<p dir=\"ltr\">Proudly present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Jordan | Pakistan | UK | Kenya | USA | Bangladesh | Nigeria | Vietnam| Singapore<\/p>\n\n\n\n<p dir=\"ltr\">Learn more about us at <a href=\"http:\/\/www.efghermes.com\/\">www.efghermes.com<\/a> &amp; stay connected with us: &nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p dir=\"ltr\">For further information, please contact:&nbsp;<\/p>\n\n\n\n<p dir=\"ltr\"><strong>May El Gammal<\/strong><br>Group Chief Marketing &amp; Communications Officer of EFG Hermes Holding<\/p>\n\n\n\n<p dir=\"ltr\"><a href=\"mailto:melgammal@efg-hermes.com\">melgammal@efg-hermes.com<\/a><\/p>\n\n\n\n<p dir=\"ltr\"><strong>Omar Salama<\/strong><\/p>\n\n\n\n<p dir=\"ltr\">Communications Manager of EFG Hermes Holding<\/p>\n\n\n\n<p dir=\"ltr\"><a href=\"mailto:osalama@efg-hermes.com\">osalama@efg-hermes.com<\/a><\/p>\n\n\n\n<p dir=\"ltr\"><strong>The EFG Hermes Holding Public Relations Team<\/strong><\/p>\n\n\n\n<p dir=\"ltr\"><a href=\"mailto:PublicRelations@EFG-Hermes.com\">PublicRelations@efg-hermes.com<\/a><\/p>\n\n\n\n<p><strong><em>Note on Forward-Looking Statements<\/em><\/strong><\/p>\n\n\n\n<p><em>In this press release, EFG Hermes Holding may make forward-looking statements, including, for example, statements about management\u2019s expectations, strategic objectives, growth opportunities, and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Hermes Holding\u2019s belief regarding future events, many of which, by their nature, are inherently uncertain and are beyond management\u2019s control and include, among others, financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current, pending and future legislation, regulations and regulatory actions. Accordingly, the readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cairo, May 10, 2023 The Arab Federation of Capital Markets (AFCM) announced yesterday that EFG Hermes has won the \u201cBest Broker in Egypt\u201d and \u201cBest Broker in Dubai\u201d awards for 2022 during the awards ceremony held by AFCM on the 9th of May 2023 in Muscat, Oman. During 2022, the EFG Hermes brokerage division saw &hellip;<\/p>\n","protected":false},"author":3,"featured_media":198444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[266],"tags":[],"class_list":["post-198446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EFG Hermes Wins Two Awards from the Arab Federation of Capital Markets (AFCM) for the Year 2022 for the \u201cBest Broker in Egypt\u201d and \u201cBest Broker in Dubai\u201d - Arab Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arabtelegraph.com\/?p=198446\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Hermes Wins Two Awards from the Arab Federation of Capital Markets (AFCM) for the Year 2022 for the \u201cBest Broker in Egypt\u201d and \u201cBest Broker in Dubai\u201d - Arab Telegraph\" \/>\n<meta property=\"og:description\" content=\"Cairo, May 10, 2023 The Arab Federation of Capital Markets (AFCM) announced yesterday that EFG Hermes has won the \u201cBest Broker in Egypt\u201d and \u201cBest Broker in Dubai\u201d awards for 2022 during the awards ceremony held by AFCM on the 9th of May 2023 in Muscat, Oman. 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