EFG-Hermes Says Tapping Abu Dhabi Demand for Gulf Banking Deals - Bloomberg

EFG-Hermes Says Tapping Abu Dhabi Demand for Gulf Banking Deals - Bloomberg:

"EFG-Hermes Holding SAE, the biggest publicly-traded Arab investment bank, said it’s working on an “extensive pipeline” of deals in the oil-rich Gulf Cooperation Council as financial markets recover.
Mandates include helping Abu Dhabi-based companies seeking to raise funds or offer exits to investors through private placements, Seif Fikry, chief executive office for the lower GCC, which excludes Saudi Arabia, said in an interview. Other potential deals include mergers in the region, he said from Dubai, declining to provide the names of companies.
“We have quite an extensive pipeline,” he said. “People started realizing that valuations are not as bad as they used to be, and people who have bought assets at much higher levels are happy to feel that things are picking up. This is the primary phase of an economic recovery.”"

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