Complex Made Simple

SFC wins ‘Deal of the Year’ award 2014 by Banker – Financial Times

SFC continued its achievements and won ‘Deal of the Year’ award for 2014 from the Banker magazine of the Financial Times, after achieving Sukuk issuance for AlMaraie Company, with a total value of SR1.7bn.

SFC’s CEO, Mr. Yasser bin Othman AlRumayyan, expressed his pride and gratitude for the continued and distinguished progress, which had manifested in achieving a number of awards by international entities. He also noted that SFC is considered one of leading investment banking companies, and thanked the efficiency and expertise of the work team.

He also commented on this achieving saying: “We are delighted to achieve the Deal of the Year Award 2014 for Bonds: Corporate Almarai – SR1.7bn Perpetual Senior Sukuk. The real achievement in this Sukuk was structuring it in a manner that fulfilled Almarai’s objective of capital treatment while managing the investor’s requirements in relation to risk and maturity at a competitive pricing level. This was also the first hybrid Sukuk in KSA.”

“I believe SFC was able to play a conclusive role in this transaction as our investment banking team and distribution team completed a string of ‘one-of-its-kind’ transactions; starting with the first project finance Sukuk in KSA for SATORP to the first EMTN program for a KSA financial institution, and also acting as the Sole Lead Manager for the first collateralized bank issuance in KSA for Saudi Binladen Group. In 2013 alone, we closed a total of four Sukuk transactions to raise a total of SR7.7bn from debt capital markets. We are keen to continue this success in the future,” he added.