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World class advisory services for leading transactions across the Middle East region
Dubai, United Arab Emirates: Barclays won Euromoney's 'Best Bank for Advisory in the Middle East' award, which recognises best in class advice to clients in Mergers and Acquisitions (M&A), restructuring, risk management and regulatory issues. During the same ceremony, Barclays was also named 'Best Investment Bank in Qatar' reaffirming the firm's leading position in Mergers and Acquisitions (M&A), Equity Capital Markets (ECM) and Debt Capital Markets (DCM) in the State of Qatar.
During 2015, Barclays advised clients in the Middle East across various sectors, including oil & gas, chemicals, industrials, financial services, healthcare and media & technology, covering a range of key transactions such as beIN Media Group's acquisition of Digiturk, Dubai International Capital's (DIC) sale of Almatis, Emirates National Oil Company's (ENOC) £1.8bn acquisition of the remaining shares in Dragon Oil, and the spin-off of Orascom Construction Industries' (OCI) construction business (and its subsequent listing on Nasdaq Dubai). Throughout the year, Barclays continued to cement its leading position not just for the size of the deals, but also for their diversity across geographies and industries.
Makram Azar, Chairman of Banking for Europe, Middle East and Africa (EMEA) and Chairman of Barclays MENA, said: "Our global capabilities, coupled with our regional expertise, enable us to offer leading corporates and institutional investors across the region best in class strategic advisory services."
He added: "The Middle East is a focus market for Barclays. We will continue to build our regional presence while leveraging the expertise of our global teams and our strong presence in our two home markets of the United Kingdom and the United States."
"Competition for our Middle East awards this year was the strongest it has ever been, and arguably tougher than in most other global regions covered by the Euromoney Awards for Excellence," said the editor of Euromoney, Clive Horwood, when presenting the awards. The Euromoney Awards for Excellence is recognised as one of the most prestigious international banking awards in the industry and is given to institutions that demonstrate leadership, innovation, and momentum in the markets and the region in which they excel.
Over the past 12 months, Barclays has also won a number of prestigious accolades in the region, including "Middle East Industrials & Chemicals M&A Financial Adviser of the Year" and "Middle East Energy, Mining & Utilities M&A Financial Adviser of the Year" at the Merger Market Middle Eastern M&A Awards 2016, and EMEA Finance's "Best Foreign Investment Bank in the MENA region" and "Best Foreign Investment Bank in Qatar".
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About Barclays
Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.
With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 130,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
For further information about Barclays, please visit our website
https://www.home.barclays/
For further information, please contact:
Khaled Abdulla
Barclays
+971 4 365 2928
khaled.abdulla@barclays.com
© Press Release 2016
