GIB Capital takes 4 EMEA Finance awards

Osamah Mohammed Shaker, CEO of GIB Capital
Updated 12 December 2018
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GIB Capital takes 4 EMEA Finance awards

GIB Capital, a Riyadh-based regional investment banking and asset management arm of Gulf International Bank (GIB), has won awards in four categories in the EMEA Finance Middle East Banking Awards 2018.

The awards for the 11th year are recognizing the achievements of the best banks, asset managers and brokers in countries across the Middle East. 

Recognizing GIB Capital’s continued regional market leadership across investment banking products, EMEA Finance named GIB Capital as the “Best Investment Bank in the Middle East,” “Best Local Investment Bank — Saudi Arabia” and “Best Local Investment Bank — Bahrain,” each for the third consecutive year. GIB Capital was also named the “Best Foreign Investment Bank — Oman” for the second consecutive year. 

Osamah Mohammed Shaker, CEO of GIB Capital, said: “We’re extremely proud of the work that GIB Capital is doing for our clients across the GCC and of the recognition and confidence we continue to enjoy from the market for excellence in investment banking. The continued recognition that we have received across a number of geographies underscores our position as a leading player in our core markets.” 

During the 12-month review period for the EMEA Finance awards, GIB Capital completed over $17 billion in capital market transactions including sovereign issuances for Saudi Arabia, Bahrain and Oman. GIB Capital also assisted the shareholders of Saudi Tabreed District Cooling Company with the sale of a minority shareholding to IDB Infrastructure Fund II, in which the major investors include the Islamic Development Bank (IDB), Public Investment Fund (PIF), Public Pension Agency (PPA) of Saudi Arabia, Ministry of Finance of Bahrain and the Ministry of Finance of Brunei Darussalam. 

In another landmark transaction, GIB Capital assisted the shareholders of Byrne Equipment Rental Company with the sale of 100 percent shareholding to a consortium of investors including CITIC Pacific, a Chinese sovereign wealth fund, and V-Power, a Chinese company engaged in power generation.

EMEA Finance is among the leading information sources for the finance industry, delivering compelling and relevant reporting about the activities, challenges and opportunities that exist in one of the world’s most dynamic and emerging regions — the combined emerging Europe, Middle East and Africa. Awards are set to be presented to winners at the magazine’s annual awards ceremony taking place in Dubai in February 2019.


360-degree mentoring to boost Saudi social enterprise sector

Updated 23 May 2019
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360-degree mentoring to boost Saudi social enterprise sector

The King Khalid Foundation (KKF) and Mowgli Mentoring have collaborated to strengthen the growing social enterprise sector in the Kingdom through the provision of 360-degree mentoring, which will support the personal and professional development of social entrepreneurs. The EMCC-accredited mentoring organization is working to built the capacity of Saudi mentors by instilling best mentoring practices and sharing experiences from its 10-year work around the world.

Globally, the concept of social entrepreneurship is increasingly gaining momentum and positive attention as it combines commerce with social good, allowing entrepreneurs to go beyond profit to positively impact communities and societies. Supporting these entrepreneurs, therefore, is in line with the KKF’s vision, which is to have a Saudi society with equal opportunities.

The KKF’s collaboration with Mowgli resulted in the creation of the Athar (Impact) Mentoring Program.

This program aims to build and increase the capacity of Saudi mentors, and equip them with the necessary tools to be able to provide mentorship, support and guidance to social entrepreneurs in the Kingdom. Matching mentors with social entrepreneurs and managing their mentorship relationships is a key benefit of the program.

To commence the mentoring program, Mowgli recently delivered a four-day workshop in the KKF premises in Riyadh. Fourteen professionals and business leaders received training to be 360-degree mentors before being matched with 14 social entrepreneurs. Both groups were provided with the guidelines to build solid foundations for their 1-2-1 mentoring relationships. In addition, the matched pairs will be supported over a duration of six months, during which structured on-going support will be provided to ensure that trust-based and impactful mentoring relationships are developed.

Mowgli Mentoring’s CEO Kathleen Bury said: “We see this program supporting the three themes on which the Kingdom’s Vision 2030 was built upon: Developing a vibrant society, a thriving economy and an ambitious nation. By supporting social entrepreneurs, we’re working toward achieving the Kingdom’s economic aspirations of increasing SME GDP contribution by 20–30 percent by 2030. We are, therefore, excited to be back in Saudi Arabia and are honored to be working with the King Khalid Foundation in delivering this program, and building Saudi Arabia’s mentoring capacity to sustainably support change-makers and their surrounding ecosystems for years to come.”

The key to developing entrepreneurship and fostering economic development lies in having a well-balanced ecosystem with equal investment in four key pillars: Environment (schooling, parenting), finance (working capital, debt and equity financing), infrastructure (incubators, accelerators, utilities and sound legal frameworks) and human capital development (mentoring, skills and knowledge development). Mowgli supports the latter and has successfully delivered more than 110 mentoring programs across the Middle East, North Africa and sub-Saharan Africa.