EFG Holding targets 20% of revenues from Saudi Arabia in 5 years

Updated 9/30/2024 2:13:00 AM
EFG Holding targets 20% of revenues from Saudi Arabia in 5 years

Arab Finance: EFG Holding aims to generate 20% of its revenues from Saudi Arabia within the next five years, CEO Karim Awad told Asharq Business.

The investment bank plans to expand its operations in Saudi Arabia by increasing its workforce by a third this year, aligning with other global financial institutions capitalizing on the kingdom’s growing deal-making activity.

Awad also revealed that EFG Holding had exited some frontier markets and is now focusing on strengthening its presence in key markets, including Saudi Arabia, Egypt, the UAE, and Kuwait. 

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