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EFG-Hermes looks to Saudi
2007-08-11 - AME Info | Saudi Arabia | Latest News - Investment bank EFG-Hermes, which manages $2bn worth of assets in Arab equities, is looking to raise its Saudi Arabian holding, reported Reuters. The bank increased its Saudi allocation from nothing to 15% at the start of the year and it sees strong oil revenues as boosting profits and share prices. Hashem Montasser, Head of Regional Asset Management at EFG, told the news agency it would target telco operators and banks.  

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