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EFG Hermes Wins Best Research House, IPO of the Year at Saudi Awards
EFG Hermes won Best Research House and IPO of the Year for its advisory on the Jamjoom Fashion listing on Saudi's Nomu parallel market. The dual win comes as the firm expands its Saudi operations.
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EFG Hermes won two awards at the Saudi Capital Market Awards 2025: Best Research House and the IPO of the Year – Nomu (Parallel Market) prize. The IPO award recognized the investment bank's advisory role on the Jamjoom Fashion initial public offering.
The Capital Market Authority and the Saudi Exchange organize the awards annually. They select winners based on research quality and deal execution. The Best Research House prize singles out the depth of EFG Hermes's equity research on Saudi-listed companies. The IPO award picked the Jamjoom Fashion deal as the year's best listing on Nomu.
Nomu is Tadawul's parallel market for smaller and mid-sized enterprises. Saudi Arabia is working to broaden equity market access beyond the main board. Nomu has grown quickly as a result. Jamjoom Fashion, a retailer of men's and women's apparel, listed on Nomu with EFG Hermes as a lead adviser.
EFG Hermes has long been a major investment bank in the MENA region, advising on many large equity offerings from the Gulf to North Africa. Over the past few years it has expanded its Saudi team, adding analysts and bankers to capture a growing pipeline of listings. The firm now has one of the largest research teams among regional investment banks in the kingdom. It also has a dedicated investment banking team focused on IPOs and capital raising.