EFG Hermes dominates 2024 Emerging EMEA Extel survey rankings
MENA investment bank's research division secures top analyst positions across key sectors
EFG Hermes, a subsidiary of EFG Holding and the leading investment bank in the Middle East and North Africa (MENA) region, proudly announces the strong performance of its research division in the 2024 Emerging EMEA Extel (formerly Institutional Investor Research) Survey rankings. The firm's research division and analysts have secured top positions across key sectors, reinforcing their authority and deep expertise in the region, according to a media release.
In the highly competitive analyst rankings, EFG Hermes has once again demonstrated its leadership. Hatem Alaa, Managing Director, Deputy Head of Research, and Head of Consumer Research, has been ranked the #1 analyst in the Consumer sector. He also secured runner-up positions in MENA Research and the Transportation sector. Similarly, Ahmed Hazem Maher, Director of MENA Industrials Research, was recognized as the #1 analyst in the Utilities sector and achieved the #3 ranking in the Transportation sector. Additionally, Ahmed Moataz, Associate Director of Healthcare Research, was named the runner-up in the Healthcare & Pharmaceuticals sector.
EFG Hermes’ strong rankings in the survey further underscore the company’s comprehensive research capabilities and commitment to delivering exceptional value to its clients. The firm achieved runner-up positions 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 relentless 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 that 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 & Ceremony in London on the 19th of September. This follows the firm’s recognition as the Saudi Exchange's Research House of the Year in both 2023 and 2022 at the Saudi Capital Market Awards.