EquiLend Onboards EFG Hermes as First Saudi Arabia-Based Client on NGT Trading Platform
MWN-AI** Summary
EquiLend has achieved a significant milestone by onboarding EFG Hermes as its first Saudi Arabia-based client on the Next Generation Trading (NGT) platform. This collaboration marks a key step in EquiLend's expansion into the Saudi market and highlights the adoption of comprehensive post-trade and trading automation by the region’s leading investment bank. EFG Hermes, renowned for its financial services across the Middle East and North Africa (MENA), had previously integrated EquiLend’s post-trade services and is now extending its relationship to include trading functionalities on the NGT platform.
With this new collaboration, EFG Hermes will gain streamlined, automated execution and lifecycle management capabilities, enhancing its operations in the securities finance sector. This shift is expected to provide the firm with increased access to global liquidity and enhanced visibility into trading activities, ultimately making EFG Hermes a more attractive trading counterparty. Rich Grossi, CEO of EquiLend, emphasized the partnership’s importance in delivering cutting-edge technology tailored to meet the needs of firms within the Gulf Cooperation Council (GCC) region and beyond.
EquiLend’s Head of EMEA Sales, Dimitri Arlando, noted that the partnership not only signifies progress for EquiLend and the Saudi market, but also positions EFG Hermes to attract greater demand for Saudi equities from global participants. This deal underscores EquiLend’s dedication to fostering connections and efficiency in the securities finance market throughout the region.
Overall, this partnership opens new avenues for collaboration between EquiLend and leading institutions in Saudi Arabia, reinforcing its commitment to advancing the region’s securities finance landscape.
MWN-AI** Analysis
EquiLend's recent onboarding of EFG Hermes as its first Saudi Arabia-based client on the Next Generation Trading (NGT) platform represents a significant advancement in the evolution of the securities finance market within the Kingdom and the broader GCC region. This partnership marks the commencement of a new chapter not just for EquiLend but also for EFG Hermes, enabling them to leverage full-suite automation.
For investors, the implications of this milestone can be profound. EFG Hermes, recognized as a leading investment bank in the MENA region, is set to enhance its operational efficiency and global liquidity through this collaboration. The introduction of automated trading and lifecycle management capabilities will not only enhance EFG's operational efficiency but also make it a more attractive counterparty within the trading ecosystem, potentially driving increased demand for Saudi equities on a global scale.
Given the Kingdom's ongoing economic transformation, highlighted by Vision 2030, the integration of advanced financial technologies like EquiLend’s NGT platform could accelerate the growth trajectory of the Saudi securities market. Investors should consider the potential for increased cross-border trade and investment, as EFG Hermes gains access to a wider audience of international clients seeking exposure to Saudi assets.
The collaborative efforts between EquiLend and EFG Hermes should be monitored closely, as they may lead to further innovations and partnerships within the region, enhancing liquidity and market participation. As a result, stakeholders in the Saudi equity markets could benefit from improved trading conditions and expanded access to a world of investment opportunities.
In conclusion, for investors with a stake in the MENA market, particularly in Saudi equities, this partnership symbolizes a progressive step towards sophisticated trading capabilities, presenting both opportunities for growth and enhanced market dynamics in the region.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
Milestone deal marks EquiLend's expansion into the Kingdom with full-suite automation adoption
NEW YORK , Aug. 26, 2025 /PRNewswire/ -- EquiLend today announced that EFG Hermes is going live on the firm's Next Generation Trading (NGT) platform , becoming EquiLend's first trading client based in the Kingdom of Saudi Arabia , and the first in the region to adopt full post-trade and trading automation via EquiLend.
EFG Hermes, an EFG Holding company, is the leading investment bank in the Middle East and North Africa (MENA), offering an extensive array of financial services, encompassing advisory, asset management, securities brokerage, research, and private equity. EFG Hermes previously onboarded EquiLend's post-trade services and now expands that relationship to include trading via EquiLend NGT. The implementation enables streamlined, automated execution and lifecycle management, giving EFG Hermes greater access to global liquidity, improved visibility into activity, and more efficient operations across its securities finance business.
"Our partnership with EFG Hermes reflects EquiLend's commitment to delivering market-leading technology that meets the needs of firms across the Kingdom, the United Arabic Emirates, the GCC region, and around the world," said Rich Grossi , CEO of EquiLend . "We are proud to support the growth of Saudi Arabia's securities finance market and look forward to further collaboration with leading institutions across the region."
"This is a significant milestone for EquiLend, the local Saudi Arabian market and the securities finance industry," said Dimitri Arlando , Head of EMEA Sales at EquiLend . "EFG Hermes will not only benefit from automation, which will highlight them as an attractive counterparty to trade with, but connecting to the EquiLend ecosystem will also help EFG Hermes access more demand for Saudi Equities from market participants across the globe."
This milestone underscores EquiLend's commitment to the Kingdom of Saudi Arabia and the broader GCC region. EquiLend is actively engaged with leading institutions across the region, providing solutions that drive efficiency, automation and global connectivity in securities finance.
About EquiLend:
EquiLend is a global financial technology firm offering Trading, Post-Trade, Data & Analytics, RegTech and Platform Solutions for the securities finance industry. With offices in North America, EMEA and Asia-Pacific, EquiLend operates across various jurisdictions worldwide, adhering to the highest regulatory standards.
The company is committed to excellence and innovation and is consistently recognized for its contributions to the industry. EquiLend is Great Place to Work Certified ™ in the U.S., UK, Ireland and India and has been awarded Global Data Provider of the Year and Regulatory Solution of the Year in the Securities Finance Times Industry Excellence Awards 2025.
For more information, please visit www.equilend.com
For further information about EquiLend, please contact: media@equilend.com
About EFG Holding:
EFG Holding (EGX: HRHO.CA – LSE: EFGD) is a financial institution that boasts a remarkable 40-year legacy of success in seven countries spanning two continents. Operating within three distinct verticals — the Investment Bank (EFG Hermes), Non-Bank Financial Institutions (NBFI) (EFG Finance), and Commercial Bank (Bank NXT) — the company provides a comprehensive range of groundbreaking financial products and services tailored to meet the needs of a diverse clientele, including individual clients and businesses of all sizes.
EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), offers extensive financial services, encompassing advisory, asset management, securities brokerage, research, and private equity. In its domestic market, EFG Holding serves as a universal bank, with EFG Finance emerging as the fastest-growing NBFI platform, comprising Tanmeyah , a provider of innovative and integrated financial solutions for small business owners and entrepreneurs, EFG Corp-Solutions , which provides leasing and factoring services, Valu , a universal financial technology powerhouse, Bedaya for mortgage finance, Kaf for insurance, and EFG Finance SMEs , which provides financial services for small and medium enterprises. Furthermore, the company delivers commercial banking solutions through Bank NXT , an integrated retail and corporate banking product provider in Egypt .
Proudly present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Bahrain | Kenya | Nigeria
Learn more about us at www.efghldg.com
For further information about EFG Hermes, please contact:
May El Gammal
Group Chief Marketing & Communications Officer of EFG Holding
melgammal@efghldg.com
Omar Salama
Associate Director of Communications of EFG Holding
osalama@efghldg.com
The EFG Holding Public Relations Team
PublicRelations@efghldg.com
Note on Forward-Looking Statements
In this press release, EFG Holding may make forward-looking statements, including, for example, statements about management's expectations, strategic objectives, growth opportunities, and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Holding's belief regarding future events, many of which, by their nature, are inherently uncertain and are beyond management's control and include, among others, financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current, pending, and future legislation, regulations and regulatory actions. Accordingly, the readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made.
SOURCE EquiLend
FAQ**
How will the onboarding of EFG-Hermes Holding S.A.E. Global Dep Rcpt Reg S EFGZF enhance EquiLend’s competitive positioning in the Saudi Arabian securities finance market?
What specific benefits does EFG-Hermes Holding S.A.E. Global Dep Rcpt Reg S EFGZF anticipate from the full automation provided by EquiLend's NGT platform?
Can EquiLend share insights on how EFG-Hermes Holding S.A.E. Global Dep Rcpt Reg S EFGZF plans to leverage its access to global liquidity through the new trading capabilities?
What strategies does EquiLend have to further engage and attract additional clients in the GCC region following the landmark onboarding of EFG-Hermes Holding S.A.E. Global Dep Rcpt Reg S EFGZF?
**MWN-AI FAQ is based on asking OpenAI questions about EFG-Hermes Holding S.A.E. Global Dep Rcpt Reg S (OTC: EFGZF).
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