Company: EFG Holding S.A.E.
Country: Egypt
Sector: Investment Banks/Brokers
CEO: Karim Awad
Website: Not publicly listed
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Cairo, Egypt
Founded: 1984
Valuation/Revenue: $793.7m market value (African Business Top 250, 2025); prior EGP 1.5bn profit after tax on EGP 6bn+ revenue reported for 2021 (Wikipedia)
EFG Holding S.A.E. is Egypt’s largest diversified financial services group, offering investment banking, securities brokerage, asset management, private equity, non-bank financial services (including microfinance, leasing and factoring) and, through its NBFI arm, consumer finance across Egypt, the wider Middle East, North Africa and South Asia.
What Does EFG Holding Do?
EFG Holding operates through two main pillars: the “sell side” investment bank (securities brokerage, research, investment banking advisory and asset management) and a fast-growing non-bank financial institutions (NBFI) platform spanning microfinance, leasing, factoring, fintech, mortgage finance and insurance. This dual structure has allowed the group to diversify beyond capital-markets-dependent revenue into consumer and SME lending businesses that have become major growth drivers, particularly in Egypt’s underbanked retail and small-business segments.
How Old Is EFG Holding?
The firm traces its roots to 1984, when Dr Mohamed Taymour established what became Egypt’s first independent investment bank. In 1996 that business merged with the Egyptian Financial Group, and the combined entity became EFG Hermes — long one of the best-known investment banking brands in the Middle East and North Africa. In 2022 the holding company was restructured and rebranded as EFG Holding S.A.E., with the sell-side investment bank retained under the EFG Hermes name as a subsidiary of the wider holding group.
Who Is the CEO of EFG Holding?
Karim Awad serves as Group Chief Executive Officer of EFG Holding. Mona Zulficar chairs the group’s board of directors. The leadership team has overseen the group’s pivot from a pure-play investment bank toward a diversified financial-services conglomerate with substantial non-bank lending operations.
Is EFG Holding Publicly Traded?
Yes. EFG Holding is dual-listed on the Egyptian Exchange (EGX) and the London Stock Exchange (LSE) via global depositary receipts, giving it access to both domestic Egyptian and international institutional investors. It has been ranked among Forbes’ Top 50 Listed Companies in Egypt.
How Big Is EFG Holding?
EFG Holding carried a market value of approximately $793.7 million as of African Business magazine’s 2025 Top 250 African companies ranking. In an earlier disclosed period (2021), the group reported profit after tax of roughly EGP 1.5 billion on revenue exceeding EGP 6 billion, reflecting a business that has scaled significantly through both its investment banking and NBFI segments amid Egypt’s currency volatility and periodic devaluations, which affect USD-denominated valuations of Egyptian equities.
How Does EFG Holding Compare to Its Competitors?
Within Egypt, EFG Holding competes with other investment banks and brokerages such as CI Capital and Beltone Financial, though its scale and regional footprint — spanning MENA and Sub-Saharan Africa — set it apart from most domestic peers. Its NBFI arm competes with a growing field of Egyptian fintech and microfinance players as the government has pushed financial inclusion initiatives. Regionally, EFG Holding is frequently compared to other MENA investment banking groups given its cross-border brokerage and advisory operations.
Links
Website: Not publicly listed
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is EFG Holding legit?
Yes, it is a long-established, dual-listed financial group on the Egyptian Exchange and London Stock Exchange, formerly known as EFG Hermes.
Who is the CEO of EFG Holding?
Karim Awad is Group CEO.
Who owns EFG Holding?
It is publicly traded, with Mona Zulficar chairing the board; ownership is dispersed among public shareholders on the EGX and LSE.
When was EFG Holding founded?
1984, as Egypt’s first independent investment bank, later becoming EFG Hermes and then EFG Holding.
Is EFG Holding the same as EFG Hermes?
EFG Hermes is now the investment-banking subsidiary brand under the parent group EFG Holding S.A.E., following a 2022 corporate restructuring.
How much is EFG Holding worth?
Approximately $793.7 million in market value per African Business’s 2025 Top 250 ranking.