DOHA: Barclays won Euromoney’s ‘Best Bank for Advisory in the Middle East’ award, which recognises best in class advice to clients in Mergers and Acquisitions (M&A), restructuring, risk management and regulatory issues. During the same ceremony, Barclays was also named ‘Best Investment Bank in Qatar’ reaffirming the firm’s leading position in Mergers and Acquisitions (M&A), Equity Capital Markets (ECM) and Debt Capital Markets (DCM) in Qatar.
During 2015, Barclays advised clients in the Middle East across various sectors, including oil & gas, chemicals, industrials, financial services, healthcare and media & technology, covering a range of key transactions such as beIN Media Group’s acquisition of Digiturk, Dubai International Capital’s (DIC) sale of Almatis, Emirates National Oil Company’s (ENOC) £1.8bn acquisition of the remaining shares in Dragon Oil, and the spin-off of Orascom Construction Industries’ (OCI) construction business (and its subsequent listing on Nasdaq Dubai). Throughout the year, Barclays continued to cement its leading position not just for the size of the deals, but also for their diversity across geographies and industries.
Makram Azar (pictured), Chairman of Banking for Europe, Middle East and Africa (EMEA) and Chairman of Barclays Mena, said: “Our global capabilities, coupled with our regional expertise, enable us to offer leading corporates and institutional investors across the region best in class strategic advisory services.”
He added: “The Middle East is a focus market for Barclays. We will continue to build our regional presence while leveraging the expertise of our global teams and our strong presence in our two home markets of the United Kingdom and the United States.”
The Peninsula
