(Photo courtesy of EFG Hermes)
EFG Hermes’ 11th Annual One-on-One Conference kicked off on Monday in Dubai, under the patronage of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the Dubai International Financial Centre (DIFC).
The event brings together government officials and over 450 investors from 200 institutions, with aggregate assets under management (AUMs) of over $10tr. Also in attendance at the event were senior managers from 107 companies spanning 14 countries across the Middle East and North Africa.
“We are exceptionally pleased with the level of turn-out from regional and international institutions, government officials and MENA companies operating in a wide spectrum of industries,” said EFG Hermes CEO Karim Awad during the opening speech.
According to EFG Hermes, participating companies are drawn from a broad list of sectors. These include financial services, energy, consumer discretionary, consumer staples, telecommunications services, healthcare, industrials, utilities, materials, and real estate and hospitality. Put together, they have a combined market capitalisation of nearly $0.5tr.
The panels in the conference are scheduled to discuss increasing the initial public offering (IPOs) activities in Egypt and private market mergers and acquisitions activities in the Gulf region.