Barwa Bank Wins Islamic Finance News “Qatar Deal of the Year” and “Turkey Deal of the year” Awards
Doha, February 27, 2013 –Barwa Bank Group, Qatar's fastest growing Shari’ah compliant banking service provider, today announced that it has won the Islamic Finance News “Qatar Deal of the Year” for the State of Qatar US$4 billion Dual Tranche Sukuk as Joint Lead Manager and “Turkey Deal of the Year” for the Republic of Turkey US$1.5 billion Debut Sukuk as Co-Lead Manager.
Islamic Finance News, the leading provider of news and commentary on the global Islamic finance sector, presented Steve Troop, CEO, Barwa Bank with the prestigious awards during a gala ceremony held on 24 February at the Jumeirah Emirates Tower in Dubai.
Steve Troop commented, “We are honoured to be acknowledged by Islamic Finance News and our industry peers through this award; 2012 saw us grow our presence in the Islamic Capital Markets with a succession of high profile arranger positions for the bank, and this year began with another strong start when we were chosen for the second time by the Government of Dubai as Co-Lead Manager for its $750m Sukuk issuance, which was the first sovereign Sukuk of 2013 in the region. We are very ambitious and have proven that we have the capabilities and expertise to deliver. Going forward we will continue to develop this market segment.”
With Islamic Capital Markets experiencing rapid growth globally and receiving growing attention from non-Islamic investors, Barwa Bank’s successes have positioned it as a key player in the market’s growth.
Ihsan Khelef, Head of Debt Capital Markets concluded, “Our aim is to associate Barwa Bank with the top regional names as clients and strongest banks as the institutions we do business alongside; our involvement with both the State of Qatar and Republic of Turkey Sukuk transactions are key examples of this. Barwa Bank won over many other competing banks due to our capabilities, connections and strong market presence in Qatar. The bank is fast imposing itself as a strong actor in the market and having these achievements recognised by our industry peers is another clear demonstration of how we are achieving our vision.”