Browse
related articles
The Bank has been ranked 11th in the Global Financial Advisors list (overall 3rd in the Africa and Middle East region) in terms of mandates won. Additionally, the Bank has been ranked 2nd globally in the Power Sector. The Bank's ranking has been based on winning four transactions amounting to USD 1.7 billon in the power, petrochemicals and waste sector.
Commenting on this achievement, AbdulRazak Ali Issa, Chief Executive, BankMuscat said,
"We are extremely happy to be ranked amongst the world's top banks in the Global Financial Advisors' league tables. This is the probably the first time that a bank from the Middle East and Africa has been ranked this high in the global financial advisory league tables. This is an important international achievement for BankMuscat and a significant milestone in our continuing quest to raise our profile in the international markets and secure business from a wider geography. This also reflects the Bank's increasing sophistication in getting into valued added services, which were previously the domain of only large international banks. Whilst we are quite proud of these achievements, we are also aware of the responsibility of executing the large and complex international projects, which are the basis for these achievements."
The Bank's ranking in the global arena also shows the growing importance of the region within the overall global context. Growing from a predominantly Oman focused operations, the Bank's Corporate Finance and Advisory Unit has today won mandates in Bahrain, Dubai and most recently in Africa.
The Corporate Finance and Advisory Unit is one of the few dedicated teams in the region. The Unit focuses on project & corporate advisory, syndications (Equity/Debt) and Mergers & Acquisitions advisory. The unit has a track record of successfully executed transactions in excess of USD 2 billion over the last two years.
Posted by Janeta Novakovic, Assistant News Editor
