Crédit Agricole CIB and Kepler Cheuvreux extended their ECM partnership to MENA

Crédit Agricole CIB and Kepler Cheuvreux have extended their Equity Capital Markets (ECM)
partnership to encompass the Middle East and North Africa region (MENA). The partnership has
established a local presence for Kepler Cheuvreux in the United Arab Emirates, which will initially
cover equity research and distribution in the UAE, the Kingdom of Saudi Arabia as well as the rest
of the Gulf region.

DFSA granted Kepler Cheuvreux its licence

On 26 July 2024, the Dubai Financial Services Authority (DFSA) granted Kepler Cheuvreux a licence to
operate as an Authorised Firm to provide equity research and distribution in the United Arab Emirates.
Kepler Cheuvreux has opened a new office in the Dubai International Financial Centre (DIFC) with a
dedicated team of research analysts and salespeople.

Crédit Agricole CIB

Crédit Agricole CIB has a longstanding presence in MENA, with offices in the UAE, Saudi Arabia and
Qatar. This partnership will enable Crédit Agricole CIB to strengthen its client offering in the region, with
the addition of the Equity Capital Markets activities. Crédit Agricole CIB will leverage the extension of
Kepler Cheuvreux’s highly rated European research expertise to the MENA region and its unique access
to 1,300 investors now extended to institutional investors in the Gulf region.

“Crédit Agricole CIB’s partnership with Kepler Cheuvreux has proven to be highly successful in Europe
with a number of flagship transactions. The extension allows us to further strengthen our client offering in
the MENA region. We are fully committed to the success of this new initiative and are strongly convinced
of the value-add we bring to MENA ECM issuers through our platform.” said Didier Gaffinel, Crédit Agricole CIB deputy general manager and head of global coverage & investment banking (pictured below).

“The extension of our ECM partnership with Crédit Agricole CIB allows us to respond to the strong interest from institutional investors in the MENA region where ECM activity is booming. This new step in the history of Kepler Cheuvreux demonstrates the efficiency of our model and strengthens the group’s multi-local position” stated Laurent Quirin, chairman of the supervisory board of Kepler Cheuvreux (pictured below).

Crédit Agricole

Crédit Agricole CIB established operations in MENA 40 years ago, one of the first foreign banks to do so. Crédit Agricole CIB is present in the below countries covering the MENA region:

• UAE (regional hub): Abu Dhabi and Dubai International Financial Centre
• Qatar: Qatar Financial Center
• Kingdom of Saudi Arabia: Crédit Agricole CIB Arabia Financial
  Crédit Agricole CIB works with Crédit Agricole Egypt and Crédit du Maroc to provide clients with solutions in Egypt
  and Morocco. Crédit Agricole is also present indirectly in Lebanon via CA Indosuez Switzerland (Lebanon) SAL.

Kepler Cheuvreux

Kepler Cheuvreux is a leading independent European financial services company that specialises in Research, Execution, Fixed Income and Credit, Structured Solutions, Corporate Finance, and Asset Management. The Group employs around 600 people and is present in 14 major financial centres in Europe, US and the Middle East: