Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

Goldman Sachs Opens Office in Kuwait

Office Opening Deepens Partnership with Kuwait and Expands Capabilities in the Middle East

EFG Hermes concludes advisory on Premium International for Credit Services 10th Securitization Issuance Worth EGP224mln

This marks the tenth issuance since Premium’s inception and the fourth under the seventh securitization program

EFG Hermes KSA Completes Advisory on the IPO of Jamjoom Fashion the Company behind the Nayomi and Mihyar brands on Nomu

The offering attracted strong participation from a diverse base of high-quality local and international Qualified Investors

EFG Hermes successfully concludes advisory as listing and financial advisor to Orascom Construction on its listing on ADX

The trading of Orascom Construction’s shares commenced today on ADX under the ticker “ORAS”

EFG Hermes concludes advisory on Bedaya Mortgage Finance’s seventh securitization issuance worth EGP1.56bln

The EGP 1.56 billion issuance marks Bedaya’s seventh since inception and the fifth under Capital for securitization

SNB Capital reaches a landmark milestone of successfully closing 100 investment banking transaction milestone

Among these 100 transactions are some of the most significant deals in the region and internationally

Investment Banking Surge in the GCC: From Oil to Assets

From Saudi Arabia’s Vision 2030 blueprint to the United Arab Emirates’ digital and green ambitions

EIB, Banque Misr to help Egypt-based SMEs post-COVID-19

The EIB financing forms part of the EIB contribution to the Team Europe response to the COVID-19 crisis in the European Union partner countries.

EFG Hermes advises on the signing of landmark $190mln investment in Alameda Healthcare by DPI

This transaction marks Egypt’s largest private equity healthcare investment to date, reinforcing investor confidence in backing fast-growing platforms in Egypt

Eurasian Development Bank raises funds on the UAE Capital Market to finance its investment projects in Central Asia

This pioneering issuance of AED 200 million was arranged by FAB in partnership with ADFD

Mashreq expands global footprint with opening of representative office in Türkiye

With the new office, Mashreq now operates in 15 countries

Citi presses revival in banking after making gains, despite exits: IFR

Citi has ranked fifth for global investment banking fees in each of the last 12 years, according to LSEG data, which shows its broad strength, but also a failure to challenge the top three

Alvarez & Marsal released Q1 2025 UAE Banking Pulse

The report analyses the performance of the UAE’s 10 largest listed banks, showing a strong start to the year marked by enhanced cost efficiency, rising non-interest income, and renewed M&A activity.

Deutsche Bank secures ADGM license, expanding presence in UAE

Jean-Pierre Habis has been appointed as a senior manager for the new ADGM branch

Beltone Investment Banking concludes EGP500mln securitized bond issuance for Jameel Finance-Egypt

This transaction reinforces Beltone’s position as a leader in Egypt’s debt capital markets

Standard Chartered opens representative office in Morocco

New office located at the Casablanca Finance City

Al Masraf reports net profit of AED 231mln in 2024

Representing an Increase of 22%

SICO named best investment bank in Bahrain

For sixth consecutive year

Dubai's Mashreq to work with Goldman Sachs to cater for rich clients

Our strategic collaboration with Goldman Sachs represents a pivotal milestone in institutionalising our investment platform

UAE Bank Investments Jump 16% To $202B In January

Held-to-maturity bonds also grew 7.9% annually to $91.4 billion (AED 335.7 billion), although they saw a slight 1.1% dip compared to the previous month.