IBSA

At the awards ceremony in Doha, HSBC Saudi Arabia, the investment banking affiliate of SABB, was named "Best Investment Bank in Saudi Arabia." HSBC was also named as "Best Debt House in the Middle East" and "Best Cash Management House in the Middle East."

Timothy Gray, Chief Executive Officer of HSBC Saudi Arabia, commented:  “We are proud to be recognised by Euromoney for four consecutive years, illustrating the progress we have made since our establishment.  These awards are a testament to the high quality of products and services which HSBC delivers in Saudi Arabia and the Middle East as a whole. The awards are also an outstanding tribute to the commitment of our staff."

EuromoneyAwards for Excellence are amongst the most respected awards for financial services across the world, and are a benchmark within the industry for class-leading products and services.

Among the notable transactions undertaken by HSBC Saudi Arabia have been:

• The lead manager of four sukuk transactions in the Kingdom in 2008 aggregating US$ 2.2 billion of funds raised;
• Financial advisor to the landmark 2008 IPO of PetroRabigh, the first IPO of a Saudi Aramco business, as well as the IPO's of MMG and BUPA Saudi Arabia;
• Adviser to the owners of Saudi Industrial Gas Company (SIGAS) on the sale of a majority stake in the company to Linde AG of Germany; and
• Financial advisor to the world’s largest water desalination company, the Saline Water Conversion Company (SWCC), for their major privatization and expansion programme

Timothy Gray, Chief Executive Officer of HSBC Saudi Arabia, commented:  “We are proud to be recognized by Euromoney for three consecutive years, illustrating the progress we have made since our establishment.  These awards are a testimony to our services and the high level of product we deliver in Saudi Arabia and the Middle East as a whole. The awards are also an outstanding tribute to the quality of our staff."

Euromoney Awards for Excellence are amongst the most respected awards for financial services across the world, and are a benchmark within the industry for class-leading products and services.

Timothy Gray, Chief Executive Officer of HSBC Saudi Arabia, commented:  “This unique award-winning track record is a testimony to the consistently high level of products, service and innovation delivered by HSBC Group not only in Saudi Arabia but across the Middle East.  The awards are also an outstanding tribute to the quality of our staff.

EuromoneyAwards for Excellence are amongst the most respected awards for financial services across the world, and are a benchmark within the industry for class-leading products and services.

Since its establishment in 2006, HSBC has been the pre-eminent debt house in the Kingdom and recent landmark deals for which HSBC Saudi Arabia was recognized as Best Debt House for include:

• The SABIC Sukuk, in which the HSBC Saudi Arabia team acted as the Sole Lead Manager and Bookrunner of the first corporate bond/Sukuk issued in Saudi Arabia under the new CMA offering rules for public securities offerings. This was also the largest ever single Sukuk or bond issued by a non-bank company which is publicly listed in the GCC.  TheShariah -compliant Sukuk raised over SAR 4.3bn in only 10 days from a diverse Saudi investor base.   HSBC also acted as Joint Lead Manager and Bookrunner for SABIC Europe’s debut Eurobond, the first ever by a Saudi Arabian corporate issuer, which raised EUR 750 million.
• Sole Lead Manager and Bookrunner for the very first Euro-denominated Eurobond issued by a Middle Eastern issuer.  The SABB Eurobond netted EUR325 million.   HSBC took on similar roles in Arab National Bank’s debut Eurobond, a USD500 million Lower Tier II offering, the very first by a Saudi Arabian Bank.
• The role of Financial Advisor and Lead Arranger on financing the USD1,388 million ShuqaiqWater and Electricity Company. This project was part of the pioneering national strategy to introduce the private sector to the rapid growth in the nation’s power and water requirements.

HSBC has been the clear market leader in the emerging and vitally important field of mergers and acquisitions (M&A), breaking new ground within Saudi Arabia.

Transactions advised demonstrate some of the possibilities in this area and include the following deals:

• The sole Financial Advisor role to Al-Marai Company for the USD194.4 million acquisition of Western Bakeries Company Limited and International Banking Services Company Limited, and the issuance of 9 million new Al-Marai Acquisition Shares.
• Acting as the sole Financial Adviser to the National Titanium Dioxide Company Ltd in its acquisition of the Millennium Inorganic Chemicals business of Lyondell for an enterprise value of USD1.2 billion. This transaction was the fifth largest Saudi Arabian investment outside of the Kingdom.