Arab Finance: EFG Hermes, an EFG Holding company, has named Khalid AlSweilem as the new Chairman of EFG Hermes KSA, according to a press release.

The appointment comes as part of EFG Hermes’ commitment to expanding its presence in Saudi Arabia and accelerating the growth of its operations in line with the Kingdom’s Vision 2030.

AlSweilem holds a PhD in Economics from the University of Colorado and a Post-Doctoral Fellowship from Harvard University.

He is Chief Global Sovereign Funds Advisor at Ninety One Asset Management and Chairman of Ninety One Capital Saudi Arabia.

Mohamed Ebeid, Co-CEO of EFG Hermes, an EFG Holding company, expressed his enthusiasm about the appointment, commenting, “We are excited to welcome Dr. Khalid AlSweilem as Chairman of EFG Hermes KSA. His extensive experience, paired with his leadership in the field of investment, will be instrumental as we continue to expand our presence in the Kingdom. His vision aligns with our strategic goals, and we are confident that EFG Hermes KSA will play a key role in contributing to Saudi Arabia’s economic development under his guidance.”

Saud Altassan, CEO of EFG Hermes KSA, added, “Dr. AlSweilem’s appointment comes at a critical time for EFG Hermes KSA as we continue to scale our operations and introduce innovative financial solutions tailored to the evolving needs of the Saudi market. His wealth of knowledge and leadership will undoubtedly enhance our ability to deliver world-class financial services across the Kingdom.”

Commenting on his new role, Dr. Khalid AlSweilem, Chairman of EFG Hermes KSA, stated, “I am thrilled to join EFG Hermes KSA at such a pivotal time for both the firm and the Kingdom. EFG Hermes’ commitment to Saudi Arabia and its role in driving the country’s financial landscape is outstanding, and I look forward to contributing to the firm’s growth and success. Together, we will foster financial innovation and support the Kingdom’s long-term objectives."

Egypt discusses future vision for potato exports Updated 3/13/2025 10:22:00 AM

Electricity Ministry, TMG probe cooperation on energy distribution, solar expansion Updated 3/13/2025 8:05:00 AM

Health, education allocations see significant boost in FY 2025/26 budget: Madbouly Updated 3/13/2025 7:55:00 AM

Egypt in talks to lease German LNG unit before summer Updated 3/12/2025 11:15:00 AM

EFG Hermes advises on $333M IPO of Asyad Shipping on Muscat Stock Exchange Updated 3/12/2025 10:04:00 AM