Bahrain-based financial services group Unicorn Investment Bank has won the Islamic financial deal of the year award from The Banker magazine.
The award is for the successful closure of a $450 million five-year sukuk on behalf of leading Saudi real estate developer Dar Al Arkan Real Estate Development Company.
The Dar Al Arkan Sukuk marked the first international issue out of the GCC region this year and was jointly lead managed by Unicorn, Deutsche Bank Securities and Goldman Sachs International, who were also the joint bookrunners. Unicorn was also the sole Sharia adviser to the transaction.
"Unicorn is pleased to have received recognition for this landmark transaction, which is expected to set the benchmark for GCC corporate borrowers going forward," said Unicorn chief executive officer Majid Al Sayed Bader Al Refai. |
