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. 

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, also commented on the awards saying: “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 SAR2 billion five-year bond issuance, a SAR1 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 the Kingdom of 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 GCC states, with Saudi Arabia’s Public Investment Fund being the primary shareholder. 

The bank aims to be the preferred financial services partner, delivering bespoke banking solutions to a wide customer base in the region and beyond. This includes corporate banking, asset management, debt and equity capital market services, financial advisory services, mergers and acquisitions, and the world’s first Shariah compliant digital retail banking service, meem by GIB.

In addition to its main subsidiaries, London-based GIB (UK), and Riyadh-based GIB Capital, GIB has branches in London, New York, Abu Dhabi, Dhahran, Riyadh and Jeddah with a representative office in Dubai.  

GIB Capital provides a full spectrum of investment banking services including equity placement (initial public offerings and private placements), mergers, disposals and acquisitions, privatizations, debt capital market products and services, strategic debt advisory and asset management.