15 MAY 2011
EFG Hermes Securities Brokerage Continues to Top Arab Markets Rankings in the First Quarter of 2011
Securities Brokerage has been ranked the number one Brokerage Firm in Egypt and Dubai and number two in Kuwait for the first quarter of 2011, despite significant dips in trading across all geographical markets
EFG Hermes, the leading investment bank in the Arab world is pleased to announce that EFG Hermes Securities Brokerage has been ranked the number one broker in Egypt with 43 percent of market executions and in the UAE, where the Bank was ranked first in Dubai with 16 percent of market executions, and third in Abu Dhabi with 14 percent of market executions, during the first quarter of 2011. EFG Hermes took second place in Kuwait with 28 percent of market executions.
Securities Brokerage also took third place in Oman with 22 percent of market executions, while registering strong performances in Bahrain with 20 percent of executions, and on the NASDAQ Dubai with 24 percent.
In addition to solidifying its market-leading positions in Egypt and the Gulf, EFG Hermes Securities Brokerage also made inroads in new markets, particularly Jordan, where the division climbed from 50th place to 8th place by the first quarter.
Such consistent achievements across such a wide geographical and operational spectrum have earned the division a number of industry accolades. In 2010, EFG Hermes Securities Brokerage was named Best Brokerage in the Middle East at the Banker Middle East Industry Awards in June, and won Best Broker in Egypt and Kuwait at the Global Investor Middle East 2010 awards in November.