Ethmar International Holding and EFG Hermes conclude strategic partnership agreement

Ethmar International Holding and EFG Hermes conclude strategic partnership agreement

Ethmar International Holding (EIH) has signed a strategic partnership agreement with EFG Hermes, as part of the preparations for listing EIH as a joint stock company in the UAE stock market.

The partnership agreement, whereby EFG Hermes will act as a strategic partner during the private offering process, represents a new milestone in the track record and achievements of the two companies, and contributes to the expansion of local markets and the growth and development of the UAE economy, in line with country's leadership's vision to create a clear path for sustainable economic growth.

On this occasion, Ali El Gebely, managing director and CEO of Ethmar International Holding (EAH), said: "Ethmar International Holding, 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.The UAE economy serves is a key hub for the financial markets' activities in the Middle East, and this clearly reflected in the great economic boom in the country." He also stressed that the high resilience that UAE economy has demonstrated in the face of the ongoing global challenges has attracted many investors from all over the world to establish