(MENAFN Press) Recognizing its excellence in Islamic Finance, Deutsche Bank received "Islamic Finance Deal of the Year" award from Euromoney Islamic Finance awards 2013. Deutsche Bank has been awarded for its successful execution of Saudi Electricity US2 billion Sukuk issuance. In addition, it was recognized "Most Innovative Deal of the Year" for managing the Khazanah SGD 600 million exchangeable Sukuk transaction.
Salah Jaidah, Chairman of Islamic Finance at Deutsche Bank, said: "We are honored to receive these prestigious Islamic Finance awards from Euromoney. Through our long and extensive experience in Islamic Finance, we are able to structure complex Islamic Finance transactions that service the needs of the growing Islamic Finance market. We remain dedicated to delivering world-class Islamic Finance services to our clients around the world."
Clive Horwood, Editor of Euromoney, said "Our Islamic Finance Deal of the Year was the first ever 30-year international sukuk, and the largest international debt capital market issue from any Saudi entity. In both respects, it will provide benchmarks for other borrowers to follow. Deutsche Bank also played a key role in our Most Innovative Deal award, the latest in several successful efforts by Khazanah to monetize its stakes in key holdings through exchangeables. Both deals were eye-catching, have moved the industry forward, and will encourage new institutions to the market."
Deutsche Bank is deeply committed to the development of the Islamic finance industry and is broadly recognized as a world-class provider of Islamic financial solutions