HSBC Saudi Arabia Limited, the investment arm of The Saudi British Bank (SABB) received the “Best Investment Bank in Saudi Arabia Award” from Euromoney magazine. Adel Al-Nasser, board member and Walid Khoury, CEO of HSBC Saudi Arabia received the award at the annual Euromoney Awards for Excellence dinner held in Beirut by Euromoney, which was attended by large number of journalists and representatives from nominated banks and companies.
At the same event, HSBC Middle East Limited received “Best Investment Bank in the Middle East” and “Best Cash Management House in the Middle East” awards. The two Awards for Excellence were received by Mohammad Al Tuwaijri, Head of Global Banking and Markets, MENA, and Simon Vaughan Johnson, Head of Commercial Banking, MENA
The Euromoney Awards for Excellence are acknowledged by the industry as the pinnacle of achievement for wholesale banks. These awards are given to institutions and individuals that demonstrate leadership, innovation, and momentum in the markets in which they operate.
The judges took into account both the breadth and depth of HSBC’s coverage in the region; not only HSBC’s league table positions but also its involvement with many of the market defining transactions of the year across financial products and regions, whether M&A (the merger of Qatar Navigation and Qatar Shipping), Sukuk (lead managing each of Saudi Electric’s benchmark Sukuks), Restructuring (HSBC lead the successful restructuring of Kuwait’s Global Investment House) or leading the IPO of Vodafone Qatar: the largest IPO in the region during 2009.