Euromoney names Citi best Equity House in the Middle East

Bank continues to lead region's top capital markets transactions. End Quote

(1888PressRelease) September 21, 2010 - Dubai - In recognition of its continued leadership of regional capital markets transactions, Euromoney Magazine recently named Citi the "Best Equity House in the Middle East". The regional award was part of Euromoney's 2010 Awards for Excellence, considered to be among the most respected global awards for banking excellence.

During 2009, a difficult year for local and regional capital markets, Citi led the most significant equity transactions in the Middle East such as:

* The accelerated offering of part of Dubai Holding's stake in EFG Hermes in December 2009; and
* The Orascom Telecom rights issue, the second largest equity offering in Egyptian capital market history which raised US$ 800 million.

Commenting on the awards, Atiq Ur Rehman, Chief Executive Officer for the Middle East Division at Citi, based in the UAE, said:" The Award by Euromoney speaks volumes for our efforts last year as we were able to customize financial solutions that met the complex needs of our sophisticated clients, from ground breaking acquisitions to accessing international as well as regional and local capital markets."

Citi has been in the Arab World for nearly 50 years and views the region as critical to its global franchise. It currently offers full scale corporate banking services across ten Arab countries including Egypt, UAE, Lebanon, Jordan, Tunisia, Morocco, Algeria, Bahrain, Qatar and Kuwait as well as Pakistan.

In 2006 Citi established offices at the DIFC which now houses Citi's Investment Banking, Capital Markets Origination, Equity Sales & Distribution businesses, Global Transactions Services, Equity Research, and Global Islamic Banking serving the MENA region. Citi joined the NASDAQ Dubai Exchange as an individual clearing and trading member in 2005.

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