NBAD wins best project finance award

The National Bank of Abu Dhabi (NBAD) has won the Best Project Finance / Infrastructure Bank Award in the Banker Middle East Industry 2013 Awards. The Award recognises NBAD as the pre-eminent institution in project financing transactions, as evidenced by NBAD's closing numerous transactions with its commitments totaling AED4.6 billion so far in 2013, and AED2.6 billion in 2012. Moreover, NBAD has become an international player in the industry. NBAD has originated transactions in Qatar, Turkey, and Saudi Arabia this year. "NBAD has been the principal financier of major infrastructure projects in Abu Dhabi and the UAE. The Bank has a reputation as both a premier financial institution and a company that is committed to the goals and vision of Abu Dhabi Vision 2030. Moreover, NBAD is emerging as an international player outside the Arab world," said Mark Yassin, the Senior General Manager of Global Banking of NBAD. "NBAD's project financing successes is a result of our deep understanding of GCC, Arab markets and beyond. We enjoy a unique position because our team compliments expertise with experience and profound networks. NBAD identifies what is achievable in financial markets and accurately structures tenors, pricing and other parameters." says Mr. Yassin. "NBAD ensures international standards of origination, execution and funding to a geographically diverse investor base offering a wide range of products and services across the project and structured finance route in the Middle East with exposure across multiple economic sectors including utilities, hospitality, healthcare, real estate, aviation, telecommunications, energy, and petrochemicals," he continued. Last year, NBAD won the highly commended ?Deal of the Year' award in the Infrastructure and Project Finance category from The Banker FT Business magazine for being the arranger in Shams Power transaction. NBAD also won the Emerging EMEA Loan of the Year 2012 Award for JAFZA, and Project Finance Award for Global Deal of the Year and Islamic Finance News Award for Corporate Finance Deal of the year for Emaar Malls in 2011.