KUWAIT: May 04, 2016
Deal of the Year 2016 from The Banker Magazine
Another Award added to several accolades NBK Capital has recently received
Watani Investment Company K.S.C.C (NBK Capital), a leading investment banking firm in the region, won the prestigious “Deal of the year 2016 – Bonds: Corporate Winner – Middle East” award from the Banker Magazine and the Financial Times Group.
“On behalf of The Banker Magazine and the Financial Times Group, it gives us great pleasure to congratulate NBK Capital on its winning Deal in this year’s “Deals of the Year 2016 Awards” announced the Banker Magazine’s chief editor.
Commenting on this achievement, CEO of NBK Capital Faisal Al-Hamad said “Winning this award is a reflection of our strategy to create value for our investors and the effectiveness, dedication and hard work of our staff.” He added “It is indeed a source of immense honor and pride to be awarded this highly coveted and prestigious accolade. This provides yet another testament of the unique and leading position that NBK Capital enjoys both locally and across the region as a prominent player in the Investment Banking sector”.
Evidently, NBK Capital’s leading role in the successful execution of the National Bank of Kuwait’s issuance of US$700mn Basel III – compliant perpetual Additional Tier 1 (AT1) securities stood out as the winning deal in the regional categories this year, being the first and largest issuance of its kind in Kuwait and the only investment-grade rated, Basel III compliant perpetual AT1 issuance in the region during that time.
For 2016, The Banker Magazine selected one winning “Deal for the Year” for each of 10 categories in each region, which adds to the exclusivity of these awards. Judges have received over 550 global applications for this year’s awards and used a wide range of criteria in selecting the winning deals with an emphasis on the degree to which client objectives were met as well as the deal complexity, innovation, speed of execution and pricing performance.
Innovative products, creative thinking and excellence have seen NBK Capital receive several similar recognitions over the years. NBK Capital is pleased to add this award to a variety of accolades it has recently received.