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Thursday, November 26 - 2009

NBAD scoops Euromoney Middle East Deal of the Year Award

  • United Arab Emirates: Tuesday, April 19 - 2005 at 13:28
  • PRESS RELEASE

The National Bank of Abu Dhabi's ground-breaking refinancing issue for the Emirates CMS Power Company (Taweelah A2 Power Project) was awarded the Euromoney Middle East Deal of the Year award at a grand ceremony in London on March 9.

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Mr. Khaled Abdulla Al Qubaisi, the Head of Corporate Finance and Business Development at the National Bank of Abu Dhabi received the award on behalf of the bank.

The refinancing issue involved a syndicate of international and domestic institutions with the National Bank of Abu Dhabi as the largest domestic lender and advisor on the asset-backed securitisation of the project loan. The USD 133.75 million bond issue, concluded in October 2004, was lead managed and underwritten by the National Bank of Abu Dhabi. The Bond is recognised as a pioneer in the domain of capital market issues for infrastructure financing in the GCC.

"We are delighted to be presented with this award as it recognizes the uniqueness of this financing structure in the region, as well as, NBAD's strength and competence in the investment banking arena.", said Mr. Khaled Al Qubaisi on receiving the award.

Richard Amos, the Head of Treasury & Investment Banking Division, NBAD, said, "We are proud to have led this innovative transaction, and to have received such a prestigious award. NBAD is committed to developing the Capital and Debt markets in the UAE. We hope to apply our expertise and skills to many more projects in the region."
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Notes and media contacts

For further information, please contact:

Mr. Khaled Abdulla Al Qubaisi
Head of Corporate Finance and Business Development
National Bank of Abu Dhabi
Abu Dhabi
Tel: + 971 2 6925555

NBAD's Investment Banking
National Bank of Abu Dhabi's Investment Banking Division provides a comprehensive range of innovative Investment Banking services to a diverse range of clients in the region. Consisting over fifty professionals, the Division provides investors and issuers with value added services across the entire spectrum of investment banking activities, including corporate finance advice and arranging debt/capital raising for corporations and private placements. Apart from being one of the largest brokerage houses in the country and a dominant force in the IPO market, it has pioneered the Dirham denominated bond market bringing issuers with good credit ratings to the UAE market. It is also the first local institution to launch its series of principal protected bonds with different underlying indices.

Its Portfolio Management team creates profitable and efficient fixed income and currency portfolios through segregated mandates. The UAE Growth Fund, primarily investing in the UAE markets with the flexibility to invest in other GCC markets, is another milestone in developing the local financial markets and creating a platform for attracting foreign investment in the capital markets. More recently, the UAE Trading Fund has allowed investors to benefit from trading opportunities in the local markets. These two local funds were complemented in January of this year by the launch of the UAE Islamic Fund.

In addition NBAD offers international securities trading services to its investors and structured products, tailor-made to suit investors' risk and return profile.

National Bank of Abu Dhabi, PJSC
National Bank of Abu Dhabi is the largest banking institution in the country with 52 branches and cash offices and 70 ATMs nationwide serving every segment of the client base. NBAD is the leading local financial services institution. In 2000, it won the Euromoney and Global Finance awards for the Best Domestic Bank in the UAE. More recently it received the Sheikh Khalifa Excellence Award for the Best Bank.

A strong Corporate Banking group ensures that focused attention is given to the needs of corporate and institutional clientele. Further, it's in depth knowledge of the local market place coupled with its strategically developed international network, makes NBAD the ideal banking partner for multi-national corporate entities operating in the UAE. Through its international branches, NBAD has built a solid reputation in the field of syndicated lending for institutions within the GCC market and also maintaining an active participation in international trade finance transactions.

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