EFG Hermes' brokerage division saw an increase in total executions by 31% Q-o-Q in 4Q 2022 on the back of strong executions in Egypt, the UAE, Saudi Arabia, and Kuwait markets. On an annual basis, total executions increased by 11% Y-o-Y, largely due to the increase in executions in Egypt and Saudi Arabia. Meanwhile, the brokerage division acquired a share of 40.2% of the Egyptian market in 2022, ranking first place in the market. It has also maintained its leading position on the DFM during FY22, with a market share of 41.1%, ranking first place in the Dubai market as well. EFG Hermes' brokerage division focuses on three key goals: creating innovative products, effectively contributing to financial literacy, and extending unrivaled client support.

Source: Daily News Egypt May 15, 2023 02:42 UTC