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Citigroup wins UAE Deal of the Year Award

  • United Arab Emirates: Monday, March 13 - 2006 at 13:18
  • PRESS RELEASE

The Banker Magazine recently awarded Citigroup its UAE Deal of the Year Award for its role as bookrunner of the $778 million Investcom Initial Public Offering (IPO), which was the first company listed on the Dubai International Financial Exchange (DIFX).

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  • Sajjad Razvi, Citigroup Country Officer (left) receiving the award)
    Sajjad Razvi, Citigroup Country Officer (left) receiving the award)

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The announcement was made during a ceremony held in Dubai at which The Banker presented a number of awards for best deals across the Gulf region.

According to The Banker, the Investcom IPO "was the largest international equity offering ever by a Middle Eastern company, the first to list on the newly formed Dubai-based stock exchange, DIFX. The IPO provided international investors with the opportunity to gain exposure to the fast-growing mobile markets in the developing regions."

David Ludlow, Head of Investment Banking for the Middle East, said:

"We are delighted that the Investcom IPO has been recognized by The Banker and proud to have been a bookrunner on this groundbreaking transaction, which paves the way for future companies recognizing the benefits of listing on the DIFX."


Sajjad Razvi, Citigroup Country Officer for the UAE, said: "The Banker Award speaks volumes about Citigroup's commitment to the helping successful companies in the region realize their full potentials. We are delighted that our efforts and success have been recognized by The Banker through this and other country awards."
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Related site: http://www.citigroup.com

Notes and media contacts

Citigroup (NYSE: C), the leading global financial services company has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex.

For more information on this release, please contact:

Karim Seifeddine
Public Affairs Officer
Citigroup
Tel: ++971 4 311 4392
Anne-Birte Stensgaard Posted by Anne-Birte Stensgaard, Senior News Editor
Monday, March 13 - 2006 at 13:18 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.

This article was updated on Thu Nov 23 2006.

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