THE MIDDLE EAST’S
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69. Karim Awad
Designation: Group CEO & Chairman of the Executive Committee
Company: EFG Holding
Residence: Egypt
Nationality: Egyptian
Sector: Banking & Financial services
Awad joined the group in 1998 and assumed his current role in 2013. EFG Holding had regional AUMs of over $5.2 billion in 2023, with its investment bank division, EFG Hermes, concluding 28 transactions worth a total of $7.6 billion. In June 2024, EFG Hermes completed advisory on the $11 billion fully marketed secondary public offering of Saudi Aramco on the Saudi Exchange. A month later, it concluded advisory for U.A.E. based Electra Investment Holding on its $449 million acquisition of a stake in Elsewedy Electric. Awad is also the chairman of EFG Holding’s executive committee.