Saudi- Bank AlJazira gets Euromoney project finance award 

(MENAFN - Arab News) For the second year in a row, Bank AlJazira (BAJ) is further scaling newer heights of achievement as evidenced by the recent recognition in one of the most high-profile project finance industry honors - the Euromoney project finance - Deals of the Year 2011.

BAJ has been recognized for its coveted role of being one of the Mandated Lead Arrangers and the Islamic Wakala Facility Agent for award-winning deals in the year 2011: Maaden Bauxite & Alumina Project Company - Middle East Metals and Mining Deal of the Year 2011.

Besides its involvement in other strategic projects, BAJ has been involved as a Mandated Lead Arranger (MLA) in arranging financings for the vertically integrated aluminum complex, sponsored by Saudi Arabian Mining Company (Maaden) and Alcoa, the world leader in the production and management of primary aluminum.

Abdullah Al-Shmassi, BAJ's group head of Corporate and Institutional Banking Group, said: "BAJ's leading role as one of the MLAs and the appointment of the Wakala Facility Agent in such a landmark project is another milestone on which we take a great pride of and a valuable addition to its heritage."

Al-Shmassi added: "Determination for consistent performance is the hallmark of BAJ and is proven here with this achievement in the second consecutive year.

Also, being swift and customer-focused have put us at a competitive edge in the market and gained the trust of valued project sponsors in this field. This precise vision coupled with committed leap ahead with its stamp of further achievements toward enhancing the bank's image and positioning us among winner institutions in the region."