FGB wins three prestigious awards for role in major transactions

FGB, one of the leading banks in the UAE, has been recognised by IJ Global and PFI Finance with three awards for its successful role in several major transactions.

The bank has won the ‘Middle East and North Africa Industrial Deal of the Year’ award from PFI Finance, for its role as International Mandated Lead Arranger for a USD 1,700 million dual-tranche USD/SAR loan transaction on behalf of Gas Industry Company for Industrial Services (JAZAN ASU).

Considered to be the most prestigious event in the global project finance calendar, the 2015 PFI Finance awards were attended by over 800 global project finance professionals, who gathered to celebrate industry excellence and another year of high achievement.

The bank also scooped two IJ Global awards for its role as Mandated Lead Arranger and Inter-Creditor Agent for a USD 275 million Istisna Ijara transaction on behalf of Shuaa Energy 1 PSC (DEWA Solar Project Financing), and as Mandated Lead Arranger in the Mazoon Electricity Company SAOC’s maiden syndicated facility.

The IJGlobal Awards celebrate outstanding transactions and institutions from the world of infrastructure finance throughout the past year.

Simon Penney, Head of the Wholesale and International Banking Group, said: “These awards clearly demonstrate the success of our ongoing strategy to establish FGB as a lead advisory, underwriting and distribution bank, and the great work we are doing to advise our clients. We are committed to meeting the financing needs of our customers, as well as supporting the UAE and wider GCC’s economy and infrastructure requirements, and we’re delighted to have received this recognition from our peers in the industry.”