In addition, all machine types have unique procedures when it comes to adjusting gibs
Capital recently advised on an M&A transaction between the shareholders of General Lighting Company and Royal Philips.
In addition, GIB
Capital acted as joint lead manager and joint book runner for Ajil Financial Services Company's privately placed SR500 million sukuk, issued via Ajil Cayman - a limited liability special-purpose company incorporated in the Cayman Islands.
S&P's affirmation of GIB
's rating above the Bahrain sovereign rating clearly signifies that GIB
's business activities and financial condition are not impacted in any way by the recent events in Bahrain," said GIB
chairman Jammaz Al Suhaimi.
I am looking forward to working with Adel, who brings a wealth of experience in various banking fields," said GIB
chief executive officer Dr Yahya Alyahya.
We are delighted with the outcome of this bond issue," said GIB
chief executive officer, Dr Yahya A Alyahya.
2 per cent stake in GIB
and S&P therefore classifies GIB
as a government-related entity (GRE).
We are very pleased with this additional recognition of GIB
's leading role in investment banking and the arrangement of sukuk issuances," said GIB
chief executive Dr Yahya Alyahya.
Jammaz bin Abdullah Al Suhaimi, Chairman of GIB
, said, "The sukuk programme represents a strategic move to tap into the ringgit market to diversify funding avenues and currencies for the bank.
Through our Saudi-based subsidiary, GIB
Financial Services Company (GIBFS), GIB played the role of financial adviser, lead manager and co-underwriter for the $231 million initial public offering by Abdullah A M Al Khodari Sons Company, the largest premium IPO in Saudi Arabia during 2010.
picked itself, as well as JPMorgan Chase, National Bank of Abu Dhabi, Barclays, Standard Chartered and Societe Generale to arrange the deal, the sources said.
's Riyadh Branch appointed GIB
Financial Services (GIBFS) as the mandated lead arranger of the bond issue.