Arab Finance: EFG Hermes’ investment banking division has successfully concluded advisory for United International Transportation Company’s (Budget Saudi) $121 million acquisition of Al-Jazira Equipment Company (AutoWorld), a SEDCO Holding-owned vehicle leasing company, as per a press release.
EFG Hermes served as the sole financial advisor for the transaction.
“We are proud to have played a pivotal role in advising on this transaction, which emphasizes EFG Hermes' commitment to delivering exceptional value to our clients and contributing to the growth of the regional economy,” Karim Meleka, Co-Head of EFG Hermes’ Investment Banking Division stated.