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26 AUGUST 2009
EFG Hermes Brokerage Continues Regional Leadership
​EFG Hermes Securities Brokerage reports rankings for the first half of 2009 EFG Hermes Securities Brokerage was again the number one broker on the Egyptian Exchange, the Abu Dhabi Securities Exchange and the Dubai Financial Market in the first half of 2009 according to data independently available from the region’s stock exchanges covering the first six months of 2009. The leading broker in Arab markets saw the value of total executions across its unrivalled regional platform reach nearly US$ 22 billion in 2Q 09, a nearly 170% rise from 1Q 09 figures. “The first half of 2009 has proven strong results for EFG Hermes Brokerage as we continue to develop the first regional platform that facilitates transactions and executes orders in all major Arab markets,” said Sherif Cararah, Head of Securities Brokerage at EFG Hermes. “Even in this challenging global climate, we continue find new ways to provide global and regional institutional investors and a growing retail client base with unrivalled access to this exciting region.” EFG Hermes executed trades on the Egyptian Exchange worth EGP 43 billion in 2Q 09, up 126% from the previous quarter. The performance gave the group a 40% market share as it maintained its position as the exchange’s number-one broker. In the United Arab Emirates, the Brokerage division maintained its number-one ranking on both the DFM and ADX as the value of its total executions more than doubled quarter-on-quarter to USD 2.4 billion. In Kuwait, EFG Hermes IFA’s execution value nearly tripled in 2Q 09 over first quarter value to KWD 2.83 billion (US$ 10 billion) as market share grew to 30.2%, its highest level since EFG Hermes entered the market last year. Exchange statistics also establish EFG Hermes as the most active independent broker in Saudi Arabia, where total execution value grew 11.8% on the Tadawul in 2Q 09 to SAR 3.2 billion (US$ 865 million). EFG Hermes ranked as the fourth most active broker in Oman despite EFG Hermes physically entering the markets only last year. Total execution value in 2Q 09 increased 101.5% over 1Q 09 results to OMR 135 million (US$ 351 million). In a move to further improve its award-winning service to institutional investors, EFG Hermes announced in April that it was joining the Reuters Trading for Exchanges network. The move allows any investor connected to the Thomson Reuters order routing network, both inside and outside the region, to access liquidity from the largest markets in the MENA region, including EGX, Tadawul, KSE, DFM, DIFX, ADX, Nasdaq Dubai, and MSM — all via EFG Hermes.

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