Barwa Bank Wins “Deal of the Year” at EMEA Finance Achievement Awards 2012
Doha, June 30, 2013–Barwa Bank, Qatar's fastest growing Shari’ah compliant banking service provider, today announced that it has won the EMEA Finance Achievement Awards 2012“Deal of the Year in the EMEA region (Europe, Middle East and Africa)” for its Joint Lead Manager role on the US$ 4bn State of Qatar Sukuk .
At its sixth annual Achievement Awards Charity Dinner held on 20th June 2013 in London, the international financial magazine EMEA Finance recognised the outstanding deal and marked Barwa Bank’s increasing presence in the Islamic Capital Markets.
Steve Troop, CEO, Barwa Bank commented, “Receiving this award from EMEA Finance is a notable achievement and underscores our growing position in the Islamic Capital Markets. The State of Qatar Sukuk helped position Barwa Bank as a credible and active player in the Sukuk market and was completed in the same week as the US$ 4.5bn Emaar Sukuk which also saw Barwa Bank act as Joint Lead Manager. This was an exceptional week for any bank, local or international, and demonstrated the bank’s ability to originate and deliver in both regional and domestic markets.”
With Islamic Capital Markets in the region expanding rapidly, Barwa Bank has continued to be part of that growth story with Lead Management roles for a number of recent Sukuk issues, including the Government of Dubai’s $750m Sukuk issuance, Co-Lead Manager for the Abu Dhabi Islamic Bank (ADIB) (the world's first Shari'ah compliant hybrid tier 1 Sukuk) and Co-Manager for the Republic of Turkey’s long-awaited debut Sukuk transaction.