EFG Hermes announced today that its Investment Banking division has successfully concluded its advisory role to Nesma & Partners on the acquisition of Al Yusr Industrial Contracting Company (AYTB), a prominent provider of industrial services in Saudi Arabia. EFG Hermes acted as the sole buy-side financial advisor to Nesma & Partners.
“This transaction is a strong testament to the strength and depth of Saudi Arabia’s industrial sector and reflects our commitment to empowering key national players that are actively shaping the Kingdom’s transformation,” said Saud Altassan, CEO of EFG Hermes KSA.
AYTB brings over four decades of specialized expertise in operations and maintenance (O&M), manufacturing and industrial services across critical sectors such as oil & gas, petrochemicals and power generation. The company will continue to operate as an independent entity within the Nesma & Partners group, preserving its organizational structure, brand and operational autonomy.
Meanwhile, Nesma & Partners group is the leading provider of integrated project solutions in Saudi Arabia. With a strong legacy in contracting, the group has grown its footprint both locally through its contracting and industrial services and globally through its wholly owned subsidiary, Kent, a renowned leader in engineering and project management services.
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“We are proud to have supported Nesma & Partners in executing this strategic acquisition, which reflects our continued commitment to advising regional champions as they grow, transform, and contribute to national development priorities. This transaction marks a pivotal moment in Nesma & Partners’ evolution and enhances its capacity to deliver high-value services across the whole asset lifecycle,” added Karim Meleka, co-head of investment banking at EFG Hermes.
Since the beginning of the year, EFG Hermes has advised on 5 M&A transactions and 6 ECM transactions across the region, including landmark transactions in Egypt, UAE, Saudi Arabia and Oman, underscoring its leadership in regional markets.
