EFG Hermes، an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region، announced today that its investment banking division successfully concluded a landmark USD 935 million Accelerated Equity Offering (AEO) for ADNOC Drilling Company PJSC ("ADNOC Drilling")، the biggest of its kind in the UAE.  Placement constitutes a sale of 880 million shares priced at AED 3.90، representing 5.5% of ADNOC Drilling’s total share capital . ADNOC will continue to retain a majority 78.5% shareholding in the Company.   EFG Hermes acted as a Joint Global Coordinator and  Joint Bookrunner for the Offering .  This transaction signifies a major achievement for EFG Hermes، showcasing the companys increasing expertise and knowledge in regional capital markets، particularly highlighting its strong distribution network. The AEO sets a new standard in the region due to its magnitude، reinforcing EFG Hermess standing as the preferred advisor for significant landmark transactions. The Offering saw strong demand from institutional investors in the GCC and internationally and was priced at AED 3.90 per share، approximately 70% above the Initial Public Offering (IPO) price of AED 2.30 per share and represents a 5.6% discount to the Company’s closing price on May 22، 2024. Settlement of the Offering is expected to occur on or around May 28، 2024. “We are truly honored and proud to have been chosen to play a pivotal role in this groundbreaking offering. Marking our seventh ECM transaction with ADNOC، this transaction underscores the long-standing and successful relationship between our two companies،” stated Ali Khalpey، Head of Equity Capital Markets at EFG Hermess Investment Banking division . “This AEO، which attracted significant institutional demand from Saudi Arabia، the UAE، and global investors، establishes a new standard for the size and effectiveness of such offerings in the region. It is the largest transaction of its kind to date، potentially paving the way for further similar opportunities.” The successful completion of the ADNOC Drilling AEO underscores EFG Hermess commitment to delivering unparalleled service to its clients and its ambition to lead the way in shaping the future of financial services in the region and is the latest in a series of landmark deals the Firm has advised on in the GCC over the years، including eight IPOs in 2023 alone and two in 2024 so far. Most recently، it acted as the joint bookrunner on Spinney’s IPO on the Dubai Financial Market (DFM) and Parkin’s IPO on the DFM – the most oversubscribed IPO on the DFM to date. The Firm also advised on the IPO of Dubai Taxi Company on the DFM and OQ Gas Networks on the Muscat Stock Exchange (MSX)، the largest Omani IPO in over two decades. It also advised on the IPO of ADES Holding Company on the Saudi Exchange، as well as the successful IPOs of ADNOC L&S and ADNOC Gas Plc on the Abu Dhabi Securities Exchange (ADX); IPO of Lumi Rental Company on the Saudi Exchange; Abraj Energy Services on the MSX; and Al Ansari Financial Services PJSC on the Dubai Financial Market (DFM).  - ENDS - About EFG Holding EFG Holding (EGX: HRHO.CA – LSE: EFGD) is a trailblazing financial institution that boasts a remarkable 40-year legacy of success in nine countries spanning three continents. Operating within three distinct verticals — the Investment Bank ( EFG Hermes )، Non-Bank Financial Institutions (NBFI) ( EFG Finance )، and Commercial Bank ( aiBANK ) — the company provides a comprehensive range of groundbreaking financial products and services tailored to meet the needs of a diverse clientele، including individual clients and businesses of all sizes. EFG Hermes ، the leading investment bank in the Middle East and North Africa (MENA)، offers an extensive array of financial services، encompassing advisory، asset management، securities brokerage، research، and private equity. In its domestic market، EFG Holding serves as a universal bank، with EFG Finance emerging as the fastest-growing NBFI platform، comprising Tanmeyah ، a leading provider of financial services in Egypt with a concerted focus on the micro and small enterprise segments، EFG Corp-Solutions ، which provides leasing and factoring services، Valu ، a versatile financial technology powerhouse، PayTabs Egypt، a digital payment platform، as well as Bedaya for mortgage finance and Kaf for insurance. Furthermore، the company delivers commercial banking solutions through aiBANK ، a leading provider of integrated retail، corporate، and Islamic banking products in Egypt.  Proudly present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Bahrain | Pakistan | UK | Kenya | Nigeria |  Learn more about us at  www.efghldg.com For further information، please contact:  May El Gammal  Group Chief Marketing & Communications Officer of EFG Holding [email protected]   Omar Salama Senior Communications Manager of EFG Holding [email protected]   The EFG Holding Public Relations Team [email protected]     Note on Forward-Looking Statements  In this press release، EFG Holding may make forward-looking statements، including، for example، statements about management’s expectations، strategic objectives، growth opportunities، and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Holding’s belief regarding future events، many of which، by their nature، are inherently uncertain and are beyond management’s control and include، among others، financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current، pending، and future legislation، regulations and regulatory actions. Accordingly، the readers are cautioned not to place undue reliance on forward-looking statements، which speak only as of the date on which they are made.