EFG Hermes launched $300 million Syrian private equity fund

EFG Hermes, a leading investment bank in the Arab world, will enter the Syrian market with the opening of its office and the simultaneous launch of a new private equity fund.

EFG Hermes Syria is a partnership between EFG Hermes (70%) and Syrian businessman Firas Tlass (30%). EFG Hermes Syria will offer full range of world-class investment banking, private equity, brokerage and asset management services and it will target multiple sectors within the Syrian economy, providing growth capital for established businesses as well as greenfield investments.

Gulf Finance House, another Islamic finance firm, is also launching one of the largest Islamic banks in Syria under the name of Syria Finance House (SFH). They are launching the bank as the leading and one of the largest Islamic banks in Syria, with a capital of $333 million.

EFH Hermes is listed in the Middle East Investors Directory with the code OR20.

Their full press release follows