EFG-Hermes (CAI:HRHO) The Arab World's Premier Investment Banking Firm Leading The Market in Equity Research

Dubai, Oct 11, 2009 AEST (ABN Newswire) - EFG-Hermes (CAI:HRHO)(PINK:EFGZF) The Arab World's Premier Investment Banking Firm and the market leader in securities brokerage, asset management, investment banking, private equity and research.

Founded in 1984, EFG-Hermes is the premier investment bank in the Middle East and is recognized as the regions market leader in securities brokerage, asset management, investment banking, private equity, and research. The firm has a proud history of innovation, market leadership and dedicated client service.

EFG-Hermes serve a full range of clients from governments and corporations to institutional and individual investors. The firm is listed on the Egyptian and London Stock exchanges and as at June 2008 had a market capitalization exceeding US$3.5 billion. In 2006, net profit grew by 100% to US$123 million and in 2007 grew a further 30% to US$160 million.

The firm employs over 880 people from more than 30 nationalities and services clients from 13 offices across the region.

In addition, EFG-Hermes is the largest shareholder in Bank Audi, with a stake exceeding 28%.