Dubai Finance Chief to be honoured at Bonds Loans and Sukuk Middle East Awards

8/30/2015 5:23:00 AM

(MENAFN- Emirates News Agency (WAM))

DUBAI 30th August 2015 (WAM) -- Abdulrahman Al-Saleh Director-General of Dubai's Department of Finance will be the guest of honour at this year's Bonds Loans & Sukuk Middle East Awards scheduled to take place on 18th November at Four Seasons Resort Dubai at Jumeirah Beach. Al-Saleh will be presented with the award for Lifetime Achievement and Contribution to Middle East Capital Markets 2015.

With the significant contribution of Abdulrahman Al-Saleh's leadership Dubai has re-established itself as a hub for global finance and has enabled the emirate to successfully refinance debts that were rolled-over during the global financial crisis. Al-Saleh also played a contributory role in issuing benchmark Sukuk enabling other Dubai-based entities to also access the global capital market.

Al-Saleh said in a statement "The capital markets have played an important role in assisting the recovery of the Dubai economy by providing much needed long-term capital to the government and GRE's after the financial crisis. Investors have understood the long-term value proposition of Dubai's economy and shown full confidence in the vision of Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum.

"Under the insightful leadership of His Highness and with high-level cooperation across all government entities Dubai has managed not only to survive the crisis but also to accomplish the more needed infrastructure projects which turned to be successful and profitable. All of this has contributed to concreting Dubai's position as an excellent global attraction for investors worldwide."

He added "I would like to take this opportunity to thank all stakeholders for bestowing this honour on me."

WAM/Ahlam/Moran

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