Arab Finance: EFG Holding will work on four initial public offerings (IPOs) of around $2 billion in the Gulf market before the end of the year, an official in the company told Asharq Business on August 1^st.

The IPOs will be for both public and private sectors and are expected to be in the transport, education, services, and consumer sectors in Saudi Arabia, the UAE, and Oman, the official added.

EFG Holding, formerly known as EFG Hermes, is a leading investment bank franchise in Frontier and Emerging Markets (FEM) and is listed on the Egyptian Exchange (EGX). It has a presence in 12 countries, including the UAE, Saudi Arabia, Kuwait, Jordan, and Pakistan.

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