EquiLend Secures Initial Trading Client in Saudi Arabia

In a significant move for the securities finance industry, EquiLend has announced a partnership with EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA) region. Based in the Kingdom of Saudi Arabia, EFG Hermes will now benefit from EquiLend's market-leading technology, enhancing its securities finance operations and global connectivity.

EquiLend is committed to the Kingdom of Saudi Arabia and the broader Gulf Cooperation Council (GCC) region. The company's solutions are designed to benefit institutions in these regions, driving efficiency, automation, and global connectivity in securities finance. By connecting to the EquiLend ecosystem, EFG Hermes will gain access to more demand for Saudi Equities from market participants across the globe.

The partnership with EquiLend is a significant milestone for EquiLend, the local Saudi Arabian market, and the securities finance industry. EFG Hermes, a company under EFG Holding, is the first trading client from Saudi Arabia and the first in the region to adopt full post-trade and trading automation via EquiLend's Next Generation Trading (NGT) platform.

Previously, EFG Hermes used EquiLend's post-trade services, and this expanded relationship will now include trading. The implementation of EquiLend NGT at EFG Hermes enables streamlined, automated execution and lifecycle management, providing EFG Hermes with greater access to global liquidity.

This partnership improves EFG Hermes' visibility into activity across its securities finance business. Moreover, EquiLend's services are aimed at institutions in the Saudi Arabian and GCC regions, enhancing the securities finance industry's global connectivity in these regions.

EquiLend is working with leading institutions across the region, expanding its presence and services in the Saudi Arabian and GCC markets. The company's solutions are aimed at providing institutions in these regions with solutions that drive efficiency, automation, and global connectivity, thereby enhancing the securities finance industry in these regions.

While the second client in the region to adopt full post-trade and trading automation through EquiLend is not publicly specified, it is clear that EquiLend's commitment to the Saudi Arabian and GCC markets is strong. The company's partnership with EFG Hermes is a testament to this commitment and a step towards a more connected, efficient, and automated securities finance industry in the region.