13 December 2015
Dubai: FGB, one of the leading banks in the UAE, has won three awards at the Bonds, Loans & Sukuk Middle East Awards, which recently took place at the Four Seasons hotel in Dubai. FGB won awards in the Project Finance Deal of the Year, Structured Finance Deal of the Year and Syndicated Loan Deal of the Year categories.
The awards recognise the bank's role as Mandated Lead Arranger and Inter-Creditor Agent for a USD 275 million transaction on behalf of Shuaa Energy 1 PSC (DEWA Solar Project Financing), along with its role as Mandated Lead Arranger for a USD 325 million syndicated Islamic financing facility on behalf of Stanford Marine Group and a USD 1.8 billion 7-year term loan on behalf of Dubai Aluminium PJSC.
FGB also secured runner-up position for its role as an Original Lender for a AED 3,942 million syndicated loan on behalf of Dubai Festival City Shopping Centres Hotels LLC, Dubai Festival City Real Estate Development LLC and Dubai Festival City Retail Development LLC, and as International Mandated Lead Arranger for a USD 1,700 million dual-tranche USD/SAR loan transaction on behalf of Gas Industry Company for Industrial Services (JAZAN ASU), in the Private Sector Financing Deal of the Year and Project Finance Deal of the Year categories, respectively.
The bank was also named as a finalist in the Private Sector Financing Deal of the Year category, for its role as Mandated Lead Arrange and Financier, as well as Documentation, Coordination Bank and Financial Adviser to Borrower for a USD 600 million dual-tranche senior secured term loan facilities transaction on behalf of the National Petroleum Construction Company PJSC.
The Bonds, Loans & Sukuk Middle East Awards is the only ceremony to celebrate outstanding achievement and excellence in the Middle Eastern and Islamic Capital Markets. The event brought together over 300 industry leaders, to raise the profile of the Middle East's financial markets within the international investment community, and to inspire future issuance by Middle Eastern companies.
Simon Penney, Head of the Wholesale and International Banking Group, said: "We're very pleased to have been recognised for the role we played in the success of these transactions. These deals are testament to FGB's ongoing commitment to meet the financing needs of local businesses, and support the UAE's economy. Looking ahead, our various Wholesale Banking Group divisions will continue to work closely together to establish FGB as a lead advisory, underwriting and distribution bank."
Aveen Prasad, Executive Director, GFC - Global Financial Conferences, said: "Over 180 deals were submitted for this year's awards, and we received votes from over 3000 people across 17 countries, demonstrating the global interest in the development of the region's capital markets".
As a major leading Bank in the UAE, FGB had Shareholder Equity of AED 34.3 Billion as of September 30th, 2015 making it one of the largest equity based Banks in the UAE. Established in 1979 and headquartered in Abu Dhabi, UAE, the Bank offers a full range of financial services to business and consumer sectors throughout an extensive network of branches across the UAE. Internationally, FGB has branches in Singapore and Qatar, representative offices in India, Hong Kong, Seoul and London and a subsidiary in Libya.
FGB is recognised as a world-class organisation committed to maximising value for shareholders, customers and employees as it focuses on delivering banking products and services that meet client needs and support the UAE's dynamic economy. In line with its commitment to excellence the Bank continues to invest significantly in people and technology to provide superior service standards.
- The Banker 2015 Islamic Banker of the Year Awards - "Shariah-Compliant Window"
- Asian Banker 2015 Middle East and Africa Country Awards: "Best Wealth Management in the Middle East Award" and "Best Mortgage and Home Loan Product in the Middle East Award"
- 2015 Banker Middle East UAE Product Awards: 'Best Call Centre', 'Best Credit Card', 'Best Personal Loan', 'Best Wealth Management Service/Proposition,' 'Best Offshore Wealth Proposition', 'Best Deposit Account Product' and 'Best Bancassurance Product'
- 2015 Banker Middle East Industry Awards: "Best Bank in the UAE" and "Best Bank in the Middle East"
- 2015 Global Capital Bond Market Awards: "Most Impressive Middle East Borrower Award"
- 2015 Arabian Business Achievement Awards: "Bank of the Year"
For more information
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© Press Release 2015