Ethmar International Holding and EFG Hermes conclude strategic partnership agreement

Ethmar International Holding and EFG Hermes conclude strategic partnership agreement

  • Ali El Gebely: Strategic partnerships and the upcoming itemizing will contribute to the event of the corporate’s enterprise and enhance its profitable investments on the native and worldwide ranges.

Abu Dhabi – Ethmar International Holding (EIH) has signed a strategic partnership agreement with EFG Hermes, as a part of the preparations for itemizing EIH as a joint inventory firm within the UAE inventory market.

The partnership agreement, whereby EFG Hermes will act as a strategic associate throughout the personal providing course of, represents a brand new milestone within the monitor document and achievements of the 2 corporations, and contributes to the enlargement of native markets and the expansion and growth of the UAE financial system, in keeping with nation’s management’s imaginative and prescient to create a transparent path for sustainable financial development.

On this event, Mr. Ali El Gebely, the Managing Director, and CEO of Ethmar International Holding (EAH), stated “Ethmar International Holding a a leading company in the Middle East, seeks to build real value for the future of investment through strategic partnerships and to develop a diversified, innovative and sustainable investment portfolio.”

He added: “The UAE economy serves as a key hub for the financial markets’ activities in the Middle East, and this is clearly reflected in the great economic boom in the country”. He confused that the excessive resilience that the UAE financial system has demonstrated within the face of the continuing international challenges has attracted many buyers from all around the world to ascertain their companies and make investments on this fast-growing rising market. He additionally praised EFG Hermes’s broad expertise within the monetary markets, and in offering high-quality providers in keeping with the very best worldwide requirements.

For his half, Mr. Moustafa El Chiati, CEO of EFG Hermes, commented, “We are delighted to have such investment opportunities, as we always seek such partnerships for the benefit of the investors in the company.”

He added, “EFG Hermes provides safe opportunities for the buildup of wealth and savings, by identifying and capturing attractive investment opportunities around the world, as well as by providing asset management services, brokerage in securities, direct investment, promotion services, and underwriting coverage, supported by a high-quality research ecosystem. We are confident that our strategic investment in Ethmar International Holding will serve the interests of the company’s investors.”

Holding many corporations in varied industrial and industrial sectors, together with vitality, expertise, and actual property growth, the Abu Dhabi-based Ethmar Holding Group focuses on encouraging and growing diversified companies throughout a variety of key sectors on the native and worldwide ranges, in pursuit of sustainable returns that guarantee robust and steady development for the group.

EFG Hermes is the premier monetary providers company in frontier rising markets and the main funding financial institution throughout the MENA area. With a footprint span of 14 international locations throughout 4 continents all over the world, EFG Hermes boasts a service community masking 75 of the quickest evolving and most engaging markets all over the world.