Citi Wins Major Awards in the Islamic Finance News Deals of the Year 2009
Dubai- The Islamic Finance News Deals of the Year 2009 have recently been announced with Citi winning in three categories: Sukuk Deal of the Year; Corporate Finance Deal of the Year and Turkish Deal of the Year.
- (1888PressRelease) December 03, 2010 - Winners were decided by a distinguished judging panel, organized by Islamic Finance News, the global Islamic finance news provider. The publication has supported the Islamic Finance Deals of the Year since its inception five years ago.
Citi was recognized for its work on the following projects:
* GE Capital's inaugural US$ 500 million 5 year Sukuk issue (Sukuk Deal of the Year)
* Petronas's debut US$ 1.5 billion 5 year Sukuk (Corporate Finance Deal of the Year)
* Ozkan Demir Celik Murabaha Syndication (Turkish Deal of the Year) - Won by Citi for the fourth year in a row.
Commenting on the awards, Atiq ur Rehman, Chief Executive Officer for the Middle East Division, based in the UAE, said: "The Awards by Islamic Finance News speak volumes for our progress in the past few years. With a dedicated team of Islamic Finance professionals working with their colleagues across the Citi network, we are proud to be able to deliver award winning results for our global clients and connecting them with the Islamic market."
Citi's Global Islamic Banking operations were established in 1981 in London, and in 1996 Citi became the first international financial institution to set up a separately capitalized shari'a-compliant subsidiary- Citi Islamic Investment Bank.
Since inception, Citi Islamic has played a pioneering and leading role in the development of Islamic Finance globally, having successfully arranged several billion dollars of Islamic transactions for issuers in the Middle East, Asia, Europe and Latin America. This includes the origination, structuring and distribution of numerous landmark Sukuk, syndications, project financings, Islamic advisory and investment products. Today, the bank is an innovator in this industry and one the leading bookrunners of international Islamic Finance transactions.
Samad Sirohey, Chief Executive Officer of Citi Islamic Investment Bank & Head of Global Islamic Banking, added: "This is recognition of Citi's leadership in creating innovative solutions for our global clients in the Islamic market. We are delighted to share these awards with our clients and colleagues in the industry. "
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