Dubai banks among top winners at awards ceremony

Dubai - Emirates NBD, Dubai Islamic Bank and Standard Chartered walked away as the big winners at the Bonds, Loans & Sukuk Middle East Awards.

Emirates NBD picked up six trophies, and Standard Chartered and Dubai Islamic Bank both picked up five each, for successfully arranging bond, sukuk and loan deals in 2014 and 2015.
Among the issuers, the Dubai International Financial Centre, the Arab Republic of Egypt, the Government of Sharjah, Emirates airline, Noor Bank and Oman Electricity Transmission won awards for their successful sukuk and bond transactions on the international markets.
Dubai Aluminium, Emirates National Oil Company, Stanford Marine, Zakher Marine, Dubai World Trade Centre and Shuaa Energy 1 all won awards for their efforts in the syndicated loan markets. Abdulrahman Al Saleh, director-general of Dubai's Department of Finance, won the award for "Lifetime Achievement and Outstanding Contribution to Middle East Capital Markets".
In a speech to the attendees Al Saleh said: "It is wonderful to see so many of the industry's senior executives in one room, and I would like to take this opportunity to thank all stakeholders for bestowing this honour on me."
More than 270 of the Middle East's banking and finance elite attended the awards reception.
Aveen Prasad, executive director of organisers GFC-Global Financial Conferences, said: "Over 180 deals were submitted for this year's awards, and we received votes from over 3000 people across 17 countries demonstrating the global interest in the development of region's capital markets".
- business@khaleejtimes.com