GIB Capital wins “Best Investment Bank for new Financial Technology in Middle East” & “Best Investment in Bahrain” by Global Finance Magazine

GIB Capital, the Riyadh-based investment banking and regional asset management arm of Gulf International Bank (GIB), is proud to announce that they won two Global Finance Magazine Awards: “Best Investment Bank for new Financial Technology in Middle East” and “Best Investment Bank in Bahrain”.   This was recently announced by Global Finance Magazine, New York, in an exclusive survey to be published in the April 2018 issue.

The results of the awards were based on the degree to which the selected banks demonstrate exceptional depth of market understanding and service excellence, as well as their fresh solution offerings to meet client needs in the rapidly evolving market. 

GIB Capital achieved a number of milestones in 2017. Acting as Joint Lead Manager and Joint Bookrunner, GIB Capital successfully priced a US$ 12.5 billion multi-tranche bond issuance for the Kingdom of Saudi Arabia, on behalf of the Ministry of Finance. The transaction is the third largest sovereign issuance ever completed and the largest sovereign issuance in 2017, as well as the largest emerging market bond transaction in 2017.

In addition, GIB Capital was Joint Lead Manager and Joint Bookrunner for the successfully pricing of a US$ 3.0 billion multi-tranche bond issuance for the Kingdom of Bahrain, represented by the Ministry of Finance (“Bahrain”). This was Bahrain’s largest ever syndicated debt capital markets transaction, drawing in excess of US$ 15.0 billion of demand.