EFG Hermes - Credit Line

completed

EFG is a leading investment bank in Egypt with an excellent track record. Securities brokerage and investment banking are the two areas where EFG has been most active. For the past three years EFG has maintained its position as the leading broker on the Cairo and Alexandria Stock Exchange (CASE). The company''s investment banking group is involved in corporate finance and mergers and acquisitions (M&A) activities. It has also established itself as a leader in equity and debt offerings in Egypt. EFG''s other activities include asset management and private equity.By supporting the regional expansion of a leading investment bank, IFC would contribute to the development and integration of regional capital markets. Most national capital markets in MENA countries are currently fragmented. They need consolidation and pooling of liquidity in order to attract more interest from domestic, regional and international investors. In addition, the proposed investment would enable a local investment bank to access medium-term funding for the first time and assist EFG in becoming a regional player with positive demonstration effect in the regional markets.