EFG Hermes Jordan Named Best Broker in Jordan at EMEA Finance Middle East Banking Awards 2014

April 16, 2015 - PRLog -- Amman, Jordan — EFG Hermes, the leading investment bank in the Arab world, announced today thatEFG Hermes Securities Brokerage has been awarded “Best Broker” in Jordan at the EMEA Finance Middle East Banking Awards 2014. The Securities Brokerage division was also named “Best Broker” in the Middle East and “Best Broker” in Kuwait.

“We are deeply honoured to receive this award, which we consider to be a testament to the strength and success of our efforts to serve the Jordanian market with innovative, state-of-the-art products that enhance user experience and that are backed by world-class research,” said Ahmed Waly, Co-Head of Securities Brokerage. “The remarkable leap that we have made in the Jordanian market, from a 12^th place ranking in 2013 up to 3^rd in 2014 marks a turning point in our growth as a regional leader and speaks volumes to the competence of our on-the-ground team in Jordan.”

As of FY14, the Securities Brokerage division remained the number-one ranked broker in Egypt, ranked 3^rd on the ADX, and maintained its position in Dubai where it ranked 6^th on the DFM and 1^st on the NASDAQ Dubai. In KSA the division also maintained a leading position ranking first amongst foreign brokers.

In Oman, the Securities Brokerage division improved its ranking in FY14 to 4^th from 7^th, the second-best improvement in ranking after Jordan.

EFG Hermes’ top-notch rankings and robust market shares on both the institutional and retail sides of the business are a further acknowledgement of the firm’s outstanding ability to provide multi-market access, innovative trading platforms and experienced on-the-ground teams.

The EMEA Finance accolades highlight Securities Brokerage’s unrivaled strength in raising equity for regional IPOs, including — in 2014 — the USD 110 million IPO of Arabian Cement Company (ACC), Egypt’s first since 2011; the milestone Emirates REIT IPO, with a coverage rate of 3.5x, on Nasdaq Dubai; and the heavily over-subscribed USD 1.6 billion Emaar Malls Group IPO, the largest the UAE market has seen in years and one of the most anticipated offerings in the region this year.

The prestigious recognitions come on the heels of a series of honours earned by Securities Brokerage, including being recognized as Best Broker in Egypt 2014 at EMEA Finance Magazine's annual African Banking Awards, Egypt Broker of the Year and Saudi Broker of the Year by Global Investor / isf, and Best Securities Brokerage House in Kuwait by Global Brands Magazine. EFG Hermes Securities Brokerage is supported by the firm’s award-winning Research division, which provides in-depth fundamental analysis, in addition to sector analysis, economics reports and strategy reports.