EFG Hermes dominates the Emerging EMEA Extel 2024 survey ranking

EFG Hermes, a subsidiary of EFG Holding and a leading investment bank in the Middle East and North Africa (MENA) region, is proud to announce the strong performance of its research division in the Emerging EMEA Extel (formerly Institutional Investor Research) Survey 2024. The firm’s research division and analysts secured leading positions in key sectors, reinforcing its authority and deep expertise in the region, according to a press release.

In the highly competitive analyst rankings, EFG Hermes has once again shown leadership. Hatem Alaa, Managing Director, Deputy Head of Research and Head of Consumer Research, has been ranked as the No. 1 analyst in the Consumer sector. He also came second in MENA Research and the Transport sector. Similarly, Ahmed Hazem Maher, Director of MENA Industrials Research, was named the No. 1 analyst in the Utilities sector and achieved the No. 3 position in the Transport sector. In addition, Ahmed Moataz, Deputy Head of Healthcare Research, was named the No. 2 in the Healthcare and Pharmaceuticals sectors.

EFG Hermes’ strong rankings in the survey further underscore the company’s comprehensive research capabilities and commitment to delivering exceptional value to its customers. The company was ranked second in MENA Research and the Utilities sector.

Ahmed Shams El Din, Managing Director and Head of Research at EFG Hermes, commented: “These rankings speak volumes about the continued dedication and expertise of our research team. This recognition reflects not only individual excellence, but also the collaborative spirit that defines EFG Hermes. We remain committed to continuing this tradition of excellence, ensuring our clients have access to the most accurate, timely and strategic insights available in the market.”

EFG Hermes’ success will be celebrated at the upcoming Extel Europe & Emerging EMEA Equities Awards Dinner and Ceremony in London on 19 September. This follows the firm’s recognition as Saudi Exchange Research House of the Year in 2023 and 2022 at the Saudi Capital Market Awards.