The National Bank of Abu Dhabi (NBAD) has been named the ‘Rising Star Emerging Markets House’ by Global Capital magazine, making it the first bank in the Middle East to receive this prestigious award. Year to date, NBAD has worked on 18 benchmark bond and Sukuk offerings including for Etisalat, DP World, National Bank of Kuwait, the Government of Ras Al Khaimah, Hikma Pharmaceuticals and Emirates Airlines.
Alex Thursby, NBAD’s Group Chief Executive Officer, said: “We are extremely pleased with this award, which is a result of executing against business strategy, which began in 2012. This achievement is evidence of NBAD’s commitment to debt capital markets - both regionally and globally - and it serves as evidence of the increasing strength and maturity of the UAE banking industry. We look forward to continuing to build momentum in debt capital markets as we focus on helping clients around the world to raise capital in all forms.”
Andy Cairns, Managing Director and Global Head of Debt Origination & Distribution at NBAD, said: “This is a significant honour that recognizes the relevance of Middle Eastern liquidity to both regional and international issuers. It also attests to the breadth and sophistication of NBAD's debt financing platform. That this week we are leading deals for a Chinese bank (ICBC), an Indonesian airline (Garuda) and the Hong Kong Government as well as for Bank Dhofar, DIB and Bank of Sharjah goes some way in illustrating why we have won this award.”
“I wish to congratulate Andy with his team and all our NBAD family on winning this award. We are the first Bank in the Middle East to earn this honour. It is a reflection of the trust the global financial industry has in NBAD’s increasing global capabilities,” concluded Mr. Thursby.