EFG Hermes (8)


The Syrian financial markets regulator has revoked the license of several investment banks, some of them regional institutions, which had already suspended their operations in Syria or never started them.


Updated on January 23, 2018: The Syrian financial markets regulator has renewed for one more year the license of seven brokerage firms, while many others have their operations suspended or entirely left the market.


MAS Distribution, a food commodity trading company, said its sales remained unchanged last year at SYP 420.6 million, confirming that the food & beverages industry was among the sectors least impacted by the turmoil gripping Syria.


General trade and contracting; various manufacturing and agricultural projects 


Securities trading, Consulting, Analysis and dissemination of information related to securities


EFG Hermes Syria, the Syrian brokerage and asset management arm of Egypt’s EFG Hermes Group, has received a formal license to operate in Syria.


EFG Hermes, an Egyptian investment bank and one of the largest regional financial institutions, said that it was looking into opportunities in Syria’s commercial banking market.


Sixth of October Development & Investment Company (SODIC), an Egyptian developer, has acquired a stake of 50 percent in Palmyra Real Estate Development Company, a subsidiary of the MAS Group.