GIB gets Best Investment Bank in Bahrain award

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 Abdulla Al-Zamil received the award on behalf of the bank at a special ceremony held on Oct. 12 at the National Press Club in Washington DC.
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.
Al-Zamil said: “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 banking arm of GIB, offering innovative solutions in financial restructuring, private placements, private sale, IPOs, bond and sukuk issuance, underwriting equity and debt as well as mergers and acquisitions.
Yahya Alyahya, GIB’s CEO, said: “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 led five major regional investment banking deals, including Bahrain’s $1.5 billion bond issue, a SR1 billion sukuk issue by Saudi Binladen, a SR677 million debt re-profiling and a SR200 million rights issue for the Middle East Specialized Cables Company (MESC), and advised Saudi Aramco Mobil Refinery Company in raising multicurrency debt financing.