For the Second Consecutive Year, GIB Capital Wins Four EMEA Finance Awards

25 December 2017, GIB Capital, the Riyadh-based investment banking and regional asset management arm of Gulf International Bank (GIB), won four EMEA Finance Middle East Banking Awards for the second consecutive year.

GIB Capital once again won the “Best Investment Bank in the Middle East” as well as “Best local investment Bank in Saudi Arabia”, “Best Local Investment Bank in Bahrain” and the “Best Foreign Investment Bank in Oman” awards.    

Mr. Abdullah Mohammed Al Zamil, Chairman of GIB Capital, said: “2017 witnessed significant successes by our dedicated investment banking and asset management teams. The EMEA Finance Awards reflect GIB Capital’s continuous effort and endeavour to be the preferred financial partner in Saudi Arabia and the wider region, working in collaboration with our regional clients to deliver innovative banking and advisory solutions.”

Mr. Osamah Mohammed Shaker, CEO of GIB Capital, also commented on the awards stating: “These awards are a testimony to the prominent position that the GIB and GIB Capital brands enjoy in the market for more than 40 years as the pioneers of investment banking in the region. We are very proud of our team’s efforts and our record to date. We will continue to service and progress our clients through a wide range of innovative, quality and bespoke products and services.”

GIB Capital achieved a number of milestones during 2017. In June 2017, the General Authority for Civil Aviation (“GACA”) announced the signing of three concession agreements for four airports in the Kingdom of Saudi Arabia, for which GIB Capital acted as the lead financial advisor.

In 2017, GIB Capital executed three high profile debt capital markets transactions for GCC sovereign issuers demonstrating GIB Capital’s execution expertise in this area and reinforcing our longstanding relationships across the region.

In September 2017, GIB Capital acting as Joint Lead Manager and Joint Bookrunner, 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 September 2017, GIB Capital acting as Joint Lead Manager and Joint Bookrunner, successfully priced 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.

Furthermore, in 2017, GIB Capital successfully launched the regional asset management business with a team of highly experienced and well qualified professionals based out of its offices in Riyadh.

The EMEA Finance magazine specialises in reporting financial and banking developments in Europe and the Middle East, and is directed at an executive level audience.  The magazine offers analysis of corporate investments, retail banking services, as well as evolving banking practices.