Our friends at EFG Hermes ranked as the top bookrunner in MENA equity capital markets in 2025 for the second year in a row, according to London Stock Exchange Group league tables, retaining the top position by both proceeds raised and transaction count, it said in a press release (pdf). The investment bank led 12 transactions during the year, more than any other regional peer and twice as many as the runner-up. It also advised on 8 M&A, 16 DCM, and 18 ECM transactions across the region.

EFG Hermes’ activity spanned multiple geographies and structures, with mandates executed across the UAE, Saudi Arabia, Kuwait, Oman, and Egypt, making it the only regional bank to maintain an active ECM presence across all five markets. Landmark transactions during the year included the Jamjoom Fashion IPO in Saudi Arabia and the Adnoc Gas secondary offering on ADX, as well as IPOs in Kuwait and Oman.

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