Gulf International Bank (GIB) has won the award for Best Investment Bank in Bahrain in the investment banking category of the Global Banking & Finance Review Awards for 2013. GIB board member, Mr. Abdulla Al Zamil, received the award on behalf of the Bank at a special ceremony held on 12th October 2013 at the National Press Club in Washington DC, U.S.A.
With input from industry experts, Global Finance editors used a series of criteria to select the winner for the award, including market share, number and size of deals, service and advice, structuring capabilities, distribution network effort to address market conditions, innovation, pricing, after-market performance of underwritings, and market reputation.
Mr. Al Zamil commented: “The award reflects GIB’s leadership in the regional capital markets. Through the implementation of an innovative strategy, GIB will continue to be a leader in these markets. On this occasion, I would like to thank the GIB Capital team who continue to work effectively in achieving the Bank’s and the shareholders’ goals”.
GIB Capital is the investment arm of GIB, offering innovative solutions in the fields of financial restructuring, private placements, private sale, IPOs, underwriting equity as well as mergers and acquisitions.
Dr. Yahya Alyahya, GIB’s Chief Executive Officer, also commented: “We are very pleased to have received this award from Global Banking & Finance Review. We are committed to further strengthening GIB’s position as a leading provider of investment banking services and preserving the confidence of our clients and shareholders”.
In 2013, GIB Capital lead five major regional investment banking deals including the Kingdom of Bahrain’s US$1.5 billion bond issue, a SAR1 billion Sukuk issue by Saudi Binladen, a Saudi Riyal 677 million debt re-profiling and a Saudi Riyal 200 million rights issue for the Middle East Specialised Cables Company (MESC), and advised Saudi Aramco Mobil Refinery Company in raising multicurrency debt financing.