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Global Finance Declares GIB “Best Investment Bank in Bahrain” for 2012
Back 27 February 2012

New York-based Global Finance magazine has recently announced the winners of its World’s Best Investment Banks Awards for 2012. Gulf International Bank (GIB) has won two awards: “Best Equity Bank in the Middle East” and “Best Investment Bank in Bahrain.”

The editors, with input from industry experts, used a series of criteria to arrive at their selection. The criteria included market share, number and size of deals, customer service and advice, structuring capabilities, distribution network, efforts to address market conditions, innovation, pricing, and after-market performance of underwritings.

Other criteria included profitability, financial strength, as well as quality of staff dedicated to investment banking. A full report on the world’s best investment banks will be published in the April 2012 issue of Global Finance magazine.

GIB’s awards were won based on the recent successes of its investment banking business. In 2011, GIB Capital – GIB’s fully owned, Riyadh-based subsidiary – advised on the Hail Cement Company IPO of SAR 489.5 million in the Kingdom of Saudi Arabia (KSA). This was the largest IPO of the year in KSA and the second-largest IPO in the entire region in 2011.

The award for Best Equity Bank in the Middle East emphasizes GIB Capital’s position as the only investment bank in KSA to have brought at least one transaction to the market every year since 2008 despite difficult market conditions. In 2010, GIB advised on the ALBA IPO in Bahrain, acting as the regional lead manager.
On the debt side, GIB concluded a number of milestone transactions during 2011. The Bank arranged SAR 8.5 billion contracting facilities for the Saudi Binladin Group for the expansion and development of King Abdulaziz International Airport in Jeddah. In addition, GIB successfully arranged a US$ 215 million 5-year Sukuk Al Istithmar for Almana Group in Qatar.

Dr. Yahya Alyahya, GIB’s Chief Executive Officer, commented: “We are pleased to receive these two prestigious awards that recognize our leadership and achievements in the region’s investment banking field.”

He added, “GIB and GIB Capital have one of the best investment banking teams in the GCC and have completed a number of milestone transactions over the past two decades. This reflects our commitment to further strengthening GIB’s status as a leading provider of corporate advisory services in the region.”

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 asset management, 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.