Mashreq, EmiratesNBD and NBAD Top Nominations for Bonds, Loans & Sukuk Middle East Awards

Press release

Published August 6th, 2015 - 05:52 GMT

Global Financial Conference

MashreqBank, EmiratesNBD and NBAD top the list of entries for this year’s Bonds, Loans & Sukuk Middle East Awards. MashreqBank is entered in 53 of the nominated deals, closely followed by EmiratesNBD that is entered in 46 deals and NBAD entered in 39. Other banks with a strong chance of winning this year are Standard Chartered Bank entered in 38 deals, Dubai Islamic Bank in 37 deals, Noor in 33 deals and Abu Dhabi Islamic Bank in 28 deals.

Voting for this year’s Bonds, Loans & Sukuk Middle East Awards opened on Tuesday. More than 120 deals and 150 institutions have been nominated for awards across 12 categories. Notable deals include Emirates Airlines’ ECG-backed sukuk, ENOC’s $1.3bn syndicated loan, and Dubai World Trade Centre’s Murabaha Facility with Structured ECA Tranches – all are nominated in four award categories.

Background Information

Mashreq

Mashreq has provided banking and financial services to millions of customers and businesses since 1967.

We are one of UAE's leading financial institutions with a growing retail presence in the region including Egypt, Qatar, Kuwait and Bahrain. We focus on providing our customers access to a wide range of innovative products and services.

Company Profile

Emirates NBD

Emirates NBD, the leading banking group in the region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across corporate, retail, private, Islamic and investment banking throughout the region.