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Our friends at EFG Holding are planning to boost their headcount in Saudi Arabia by 30% to reach 47 this year as it looks to expand its market share, Group CEO Karim Awad told Bloomberg. “We have big plans for hopefully increasing our market share, either at brokerage or investment banking through more [transactions],” he said. “We need to have a lot more focus there.”
For even more IPOs? The company has six IPOs in the pipeline for this year, Awad said, without providing further details. The investment bank has participated in a number of Saudi’s largest share sales in recent years, including offerings by Aramco and Ades Holding.
ALSO- Aramco chief Amin Nasser’s skepticism around the energy transition — which he said is “visibly failing on most fronts” at CERAWeek — got ink in France24, and China Southern Airline’s launch of a second route to the Kingdom this summer got a mention in Airways Magazine.
And, finally, The Guardian could not contain the snark as it took note of the Kingdom being named chair of the UN Commission on the Status of Women for the next year.
