Gulf International Bank closes first sustainability-linked syndicated loan

Landmark transaction is oversubscribed by more than 2-times with commitments received of more than USD 1bln

GIBrsquo;s Group CEO, Abdulaziz Al-Helaissi

GIB’s Group CEO, Abdulaziz Al-Helaissi

  • Facility linked to KPIs on reduction in carbon emissions, gender diversity and sustainability reporting 

Manama : Gulf International Bank B.S.C. (GIB) today announced that it has successfully closed a US$625 million sustainability-linked syndicated loan (SLL), making GIB the first Bahrain-headquartered bank and the first majority Saudi-owned bank to close such a facility.

The deal was well received in the international markets and substantially over-subscribed with commitments exceeding the initial facility amount of USD 500 million by more than two times, reaching USD 1.1 billion. Given the high interest, GIB decided to upsize the facility amount to USD 625 million.

A diversified group of more than 20 global investors from the US, Europe, the Middle East and Asia participated in the landmark transaction that incorporates Environmental, Social and Governance (ESG) metrics related to reductions in carbon emissions, gender diversity and sustainability reporting. The SLL reflects GIB’s focus on mobilising capital in support of a more sustainable economic landscape for its clients and stakeholders.

Citibank, First Abu Dhabi Bank, HSBC Bank Middle East Limited, Sumitomo Mitsui Banking Corporation and Société Générale acted as Initial Mandated Lead Arrangers and Bookrunners on the transaction. HSBC acted as the sole Sustainability Coordinator.

GIB’s Group CEO, Abdulaziz Al-Helaissi said, “We’re delighted to close this landmark facility and are proud of the opportunity to highlight GIB’s long-term strategy and commitment to sustainable finance and investing. As a pioneering bank, it is important for us to be at the forefront with new instruments that enable us and our clients to transact more sustainably.”

Jamal Al Kishi, CEO of GIB B.S.C, added, “The success of this syndicated loan backed by leading international banks is testament to the strong support and interest of global financial institutions in GIB and our position as one of the leading banking institutions in the Middle East. Moreover, it also shows the growing commitment on the part of investors and borrowers to making greater social and environmental contributions.”


About Gulf International Bank (GIB)
Gulf International Bank B.S.C. is a pan GCC universal bank established in 1975 and regulated by the Central Bank of Bahrain. GIB’s services are delivered across the GCC and international markets through its subsidiaries: GIB Saudi Arabia and GIB (UK) Ltd. Additionally, the Bank has branches in the UAE, London and USA.

GIB is owned by the governments of the Gulf Cooperation Council countries, with Saudi Arabia’s Public Investment Fund being the principal shareholder.

For further information please contact: 
Zahraa Taher
Managing Director
FinMark Communications
Mob: +973 93630997

Send us your press releases to

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases