GIB Capital named Best Investment Bank-Middle East

GIB Capital LLC (GIB Capital), a wholly-owned subsidiary of Gulf International Bank (GIB), has been awarded Best Investment Bank — Middle East for 2013 by the Dubai-based Islamic Business & Finance magazine.
According to the magazine, nominees for the awards were short-listed from a number of top investment banks in the Middle East. Tens of thousands of votes were cast by the readers of the magazine and registered users of its website.
Abdulla Al-Zamil, GIB board member and chairman of GIB Capital, said: “GIB Capital has a longstanding presence in the investment banking industry in the region and has a thorough understanding of the GCC market and its client’s requirements.”
GIB Capital is the investment banking arm of GIB, offering innovative solutions in the fields of 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, stated: “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. We look forward to another prosperous and successful year in 2014.”
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 reprofiling 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.