Dec 30 2012
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GIB Sukuk transaction wins best Sukuk deal of the year title
GIB Capital , which is the investment services subsidiary of Gulf International Bank (GIB) , acted as joint lead manager and joint book runner for the SAR500 Sukuk issuance, which was successfully closed through a private placement last May for Ajil Financial Services Company via Ajil Cayman Sukuk - a limited liability special-purpose company.
The Global Islamic Finance Awards are organised by the London-based Edbiz Consulting, an international Shariah advisory firm.
Commenting on this subject, GIB 's Chief Executive Officer, Dr. Yahya Alyahya, said: "We are very pleased with this additional recognition of GIB 's leading role in investment banking and the arrangement of Sukuk issuances. GIB won many other awards this year; this reflects its pioneering role on one hand and the market's confidence in its investment banking capabilities on the other hand."
GIB is a leading bank in the Middle East with its principal focus on the GCC states. Its primary shareholder is the Public Investment Fund of Saudi Arabia. The Bank provides client-focused, innovative financial products and services to a wide customer base in the region, including investment banking, asset management, debt capital markets and Shariah-compliant banking services.
For further information, please contact Mr. Abdulla Naneesh, Corporate Communications at GIB Bahrain: Tel (+973) 17 522 680, Fax (+973) 17 522 656.
© Press Release 2012
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