Unicorn Investment Bank, the Bahrain-based financial services group, has been named the best investment bank in the kingdom by international business magazine, Global Finance.

The award was presented to Unicorn at a ceremony held on the sidelines of the International Monetary Fund (IMF) and World Bank meetings currently being held in Istanbul.

“The winners are not necessarily the biggest banks, but rather the best banks – the ones that corporations around the world should consider when looking for a financial adviser to meet their investment banking needs,” said the editors of Global Finance.

Headquartered in Bahrain, Unicorn Investment Bank operates subsidiaries in the United States, Malaysia, Turkey and Saudi Arabia (through its majority shareholding in Unicorn Capital Saudi Arabia). The bank is also a major shareholder in Dawood Islamic Bank, Pakistan.

Unicorn has completed several landmark transactions since its inception, including the establishment of T’azur, a regional Takaful company; the acquisition of Bahrain Financing Company, the oldest and one of the leading foreign exchange and remittance houses in the GCC; and the successful launch of the Strategic Acquisition Fund, a $1 billion fund to acquire strategic stakes in commercial banks globally.-TradeArabia News Service