Mashreq’s Corporate & Investment Banking Group wins prestigious Leading Industry Awards

Mashreq known for its pioneering contribution to banking in the region has once again won numerous accolades in 2014 from internationally recognized publications. Mashreq’s strategy at positioning itself as “the primary bank" for its customers has resulted in developing a cutting edge solution for its corporate customers through its integrated online platform of mashreqMatrix which has received wide acceptance not only in the regional markets but even with international corporates. The success story continues with its loan syndications and debt capital markets platform. Mashreq is an established name today in the business of capital raising for its corporate clients across all its markets having led transactions in UAE, GCC, Indian sub-continent and Africa.  

A total of four prominent awards presented to Mashreq’s corporate business in 2014 and over the last few months have included: Model Bank, Cash Management and Trade Finance award at Celent Awards, Best Corporate Account at the Banker ME Product Awards, Best Cash Management Services in the Middle East at the EMEA Finance Awards and Best Loan House in the UAEat the EMEA Finance Awards.

The Model Bank Cash Management and Trade Finance award at Celent Awards recognized the unique online corporate banking platform – mashreqMATRIX. One of the first innovative and integrated Global Transaction Services suites offered by any Bank globally, designed to provide an integrated portal for cash management products (collections and payments), liquidity products and trade and supply chain products. The Best Corporate Account at the Banker Middle East Product Awards was awarded to Mashreq its liquidity management solutions provided via mashreqMATRIX.

Furthermore, the Best Cash Management Services in the Middle East at the EMEA Finance Awards comes as amajor recognition for Mashreq’s transactional banking services from a respected awarding body that takes an international approach to financial services.

Mashreq received the Best Loan House in the UAEat the EMEA Finance Awards forthe second time in a row for its debt arrangement and syndication capabilities at a regional level. The award is a testimony to both the Corporate Finance and Real Estate divisions for our debt arranging capabilities across the Corporate and FI space. This award also coincides with our ranking as #2 in the book running league tables in MENA by Thomas Reuters for 2013.

Julio De Quesada, Head of Corporate Banking Group said: “It gives me great pleasure to accept these awards. These are key achievements for Mashreq, which give us a huge sense of encouragement that we are delivering solutions and products that meet the dynamic and holistic needs of our customers. Against such huge competition, these awards demonstrate that Mashreq is truly an innovator in the industry and is setting the benchmark for banking excellence, not just in the Middle East, but worldwide.”

These wins are a reflection of Mashreq’s outstanding transactional and corporate banking services and are a testament to the Bank’s growing innovative capabilities, not only in the UAE, but globally as well as the Bank’s dedication to “make possible” for its customers.

Highlights of some key deals completed: 

QR 2.1 Billion syndicated financing for Red Line – Qatar Metro. Mashreq led the consortium of Qatari banks.

AED 2.0 Billion syndicated facility for GEMS MENASA, largest pvt. sector education player- Mashreq was Joint MLA and Book runner.

US$ 334 Million facility for Bahrain Steel – Mashreq as Joint MLA & Bookrunner.

US$ 1.5 Billion Facility for Emaar Malls Group – Mashreq as Joint MLA Underwriter& Bookrunner.

US$ 500 Million Facility for Ezdaan – Mashreq as Joint MLA Underwriter and Bookrunner.

AED 1 Billion Bilateral Term Loan Facility for TECOM LLC.

AED 735 Million – club facility for GEMS – Mashreq acted as the lead bank.

US$ 200 Million syndicated facility for OSN, the leading media company- Mashreq was the “sole” underwriter and MLA B , participants included top global financial institutions.  

AED 705 Million Bilateral Term Loan Facility for Dragon Mart.

AED 500 Million Bilateral Term Loan and PDC Discounting Facility for Dubai Properties Group.

US$ 84 Million  syndicated facility for SKYE Bank of Nigeria- The first Nigerian bank to tap ME markets. Mashreq acted as the sole MLA and Book runner.

AED 270 Million Bilateral Term Loan Facility for Thani Holdings.

AED  1.3 billion syndicated facility for Al Ghurair Center LLC.