GIB Capital, the Riyadh-based investment banking arm of Gulf International Bank (GIB), won four awards recently at the 2016 EMEA Finance Middle East Banking Awards in Dubai, UAE.

GIB Capital was honoured with the “Best Investment Bank in the Middle East”, “Best Asset Manager in Saudi Arabia”, “Best Local Investment Bank in Saudi Arabia” and “Best Local Investment Bank in Bahrain” awards.    

GIB’s achievements were recognised amongst the leading commercial, investment and Islamic banks in the region, as well as the top asset managers and brokers in countries across the Middle East.

Abdullah Mohammed Al Zamil, chairman of GIB Capital, said: “This is an excellent achievement that reflects the consistent hard work of our dedicated team as well as our comprehensive range of services. We are greatly encouraged by our success to date and are keen to develop and grow even further while ensuring the continued satisfaction of our clients.”

Osamah Mohammed Shaker, CEO of GIB Capital, said: “These awards bear testimony to the continued appreciation GIB Capital enjoy in the market, from both clients’ and industry perspectives. We are very proud of our team’s efforts and our record to date. We will continue to service our clients through a range of innovative quality products and services.”

In 2016 GIB Capital led several high-profile deals including GIB’s SR2 billion ($533 million) five-year bond issuance, a SR1 billion five-year Sukuk issuance for Rawabi Valliance Offshore Services and a $1.5 billion five-year Sukuk issuance for the Islamic Development Bank, among others.

In 2016 GIB Capital strengthened its Asset Management division in Saudi Arabia, further augmenting the bank’s capabilities.

The EMEA Finance magazine specialises in reporting financial and banking developments in Europe and the Middle East, and is directed at an executive level audience.  The magazine offers analysis of corporate investments, retail banking services, as well as evolving banking practices.

GIB is owned by the governments of the six Gulf Cooperation Council countries, with Saudi Arabia’s Public Investment Fund being the primary shareholder. – TradeArabia News Service