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GIB Capital


GIB Named Best Investment Bank in the GCC for 2011
Back 17 October 2011

Gulf International Bank (GIB) has won three awards in the investment banking category of the Global Banking & Finance Review Awards for 2011.

After conducting a survey of the best investment banks at the country and regional levels, the awards’ judging panel selected GIB as the “Best Investment Bank in the GCC,” the “Best Investment Bank in Bahrain” and GIB Capital as the “Best Investment Bank in KSA.”

“With input from industry experts, the judging panel used a number of criteria to arrive at its selection. These included the number and size of Initial Public Offerings (IPOs) and advisory assignments completed by the investment banks over the past 12 months,” explained Mr. S. Varun, Director of Global Banking & Finance Review.

“The panel also looked at key capabilities and services, including deal structuring capabilities; the distribution network and the number of staff dedicated to investment banking; innovation in financing; competitive pricing and after-market performance of underwritten securities,” he added.

Dr. Yahya Alyahya, GIB’s Chief Executive Officer, commented: “We are very pleased to have received three awards from Global Banking & Finance Review, which reflect our leadership and achievements in the region’s investment banking field. We are committed to further strengthen GIB’s status as a leading provider of investment banking services, including financial advisory for IPOs, underwritings, mergers & acquisitions advisory, private equity placements, structuring and distribution of Sukuk and bonds as well as debt advisory services”

Dr. Alyahya added: “These international awards come as an addition to other awards the Bank has received during the past 12 months. This reflects GIB’s leadership and the market’s confidence in its investment banking capabilities. These awards also reinforce the Bank’s strength and unique position in the investment banking arena, as GIB Capital has been the only investment bank in KSA to successfully execute at least one IPO every year since the start of the international financial crisis in 2008.”

Last April, GIB was selected by New York-based Global Finance magazine as the “Best Investment Bank in Bahrain” for the year 2011. Earlier, in February 2011, GIB was named by emeafinance magazine as the “Best Local Investment Bank in Bahrain.”

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, project and structured finance, IPOs, private equity placement, mergers & acquisitions, Sukuk/bond issues and Sharia-compliant banking services.

GIB Capital is a Single Shareholder Company (Commercial Registration No. 1010244294) with paid-up capital of SR 200,000,000.

GIB Capital obtained its license from the Capital Market Authority under license number 07078-37 on 08/07/1428H (corresponding to 22/07/2007G). GIB Capital obtained the approval to proceed with its business activities from the Capital Market Authority on 03/04/1429H (corresponding to 12/04/2008G).

GIB Capital provides corporate finance services in the Saudi capital markets, and is licensed to carry out the following activities by the Capital Market Authority (“CMA”):

  • Dealing as:
    • Principal
    • Agent
    • Underwriter
  • Managing
    • Investment fund management
    • Discretionary portfolio management
  • Arranging
  • Advising
  • Custody

GIB Capital is a subsidiary of Gulf International Bank B.S.C. with registered office at Low Rise Building 1, Granada Business & Residential Park, Eastern Ring Road, P.O. Box 89589, Riyadh 11692, Kingdom of Saudi Arabia.