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 and GIB Capital offer innovative solutions in the fields of financial restructuring, private placements, private sale, IPOs, underwriting equity as well as mergers and acquisitions.
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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