Bank Aljazira: The recipient of two Euromoney Project Finance Awards Deals of the Year 2010

Bank Aljazira is scaling newer heights of achievement, which is being evidenced by the recent recognition of the Bank in one of the most high profile project finance industry honors - the “Euromoney Project Finance – Deals of the Year 2010”. Bank Aljazira was recognized for its participation with the most coveted role of Islamic Facility Agent for two award-winning deals in the year 2010.

Euromoney Project Finance Magazine recently honored Bank Aljazira in the ceremony held in Dubai with two awards; one for its involvement as a Mandated Lead Arranger in arranging financings for SATORP – a refinery and petrochemical joint venture project sponsored by Saudi Aramco and TOTAL S.A. and the second for its involvement in the financing of GCC’s first vertically integrated mine mouth to milled end-product aluminium complex, sponsored by Saudi Arabian Mining Company (Maaden) and American Alcoa.

Mr. Ayman Al-Kaf, Head of Syndication Division at Bank Aljazira stated that “because of its specialty as a fully Shari’ah compliant institution and the trust of valued project sponsors in its profiles as an established player in the industry, Bank Aljazira has also been appointed for the most coveted roles as the Islamic Facility Agents for all Islamic tranches within these two landmark project financings, and the precise vision has helped the Bank to leap ahead with its stamp of further achievements towards enhancing the Bank’s visibility and position among the leading institutions in the region”. 

Mr. Juliio De Qesada, Head of Corporate Banking Group expressed his pleasure by stating that “this honoring by Euromoney Project Finance Magazine is considered a new achievement of Bank Aljazira and represents the bank’s distinguished strategy towards offering high quality products and services compliant with the Shari’ah rules to his corporate and retail clients”.

The Head of Corporate Banking Group also stated that “the synergy and integrity exercised by Bank Aljazira through its operations, offerings and activities do stress the Bank’s capabilities to provide proper financial solutions accommodating all corporate, institutions and individual clients”.