Latest news with #SaraAbdulhadi
Zawya
19-05-2025
- Business
- Zawya
Gulf International Bank closes debut $500mln financing facility
Bahrain - Gulf International Bank (GIB) has successfully closed its debut $500 million syndicated murabaha financing facility, marking the bank's first Islamic syndicated transaction in the international market. The three-year Sharia-compliant facility was well oversubscribed, driven by strong demand from a broad mix of leading regional and international banks. The successful completion of the facility underscores GIB's sound financial position in the market. The strong interest garnered by the facility has enabled GIB to further diversify its funding base and facilitate the Bank's continued business growth across its core markets and key business lines. GIB chief executive Sara Abdulhadi said, 'We are proud to have successfully closed GIB's inaugural syndicated murabaha facility, marking a key milestone in the ongoing diversification of our funding strategy. The strong response and oversubscription from such a diverse group of regional and international banks reflects tremendous market confidence in GIB's position as a leading pan-GCC universal bank.' SMBC Group acted as the initial mandated lead arranger, bookrunner and co-ordinator for the facility. Emirates NBD Capital and First Abu Dhabi Bank were the mandated lead arrangers and bookrunners. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Biz Bahrain
19-05-2025
- Business
- Biz Bahrain
Gulf International Bank B.S.C closes debut $500mln Islamic syndicated financing facility
Gulf International Bank B.S.C. (GIB) today announced that it has successfully closed its debut US$500 million syndicated Murabaha financing facility, marking the Bank's first Islamic syndicated transaction in the international market. The three-year Shariah-compliant facility was well oversubscribed, driven by strong demand from a broad mix of leading regional and international banks. The successful completion of the facility underscores GIB's sound financial position in the market. The strong interest garnered by the facility has enabled GIB to further diversify its funding base and facilitate the Bank's continued business growth across its core markets and key business lines. Sara Abdulhadi, Chief Executive Officer of GIB B.S.C., said, 'We are proud to have successfully closed GIB's inaugural syndicated Murabaha facility, marking a key milestone in the ongoing diversification of our funding strategy. The strong response and oversubscription from such a diverse group of regional and international banks reflects tremendous market confidence in GIB's position as a leading pan-GCC universal bank.' SMBC Group acted as the Initial Mandated Lead Arranger, Bookrunner and Coordinator for the facility. Emirates NBD Capital Limited and First Abu Dhabi Bank PJSC were the Mandated Lead Arrangers and Bookrunners.
Zawya
18-05-2025
- Business
- Zawya
Gulf International Bank B.S.C closes debut $500mln Islamic syndicated financing facility
Strong uptake of the facility highlights GIB's sound credit profile while further strengthening the Bank's financial position and diversifying its funding sources. Manama – Gulf International Bank B.S.C. (GIB) today announced that it has successfully closed its debut US$500 million syndicated Murabaha financing facility, marking the Bank's first Islamic syndicated transaction in the international market. The three-year Shariah-compliant facility was well oversubscribed, driven by strong demand from a broad mix of leading regional and international banks. The successful completion of the facility underscores GIB's sound financial position in the market. The strong interest garnered by the facility has enabled GIB to further diversify its funding base and facilitate the Bank's continued business growth across its core markets and key business lines. Sara Abdulhadi, Chief Executive Officer of GIB B.S.C., said, 'We are proud to have successfully closed GIB's inaugural syndicated Murabaha facility, marking a key milestone in the ongoing diversification of our funding strategy. The strong response and oversubscription from such a diverse group of regional and international banks reflects tremendous market confidence in GIB's position as a leading pan-GCC universal bank.' SMBC Group acted as the Initial Mandated Lead Arranger, Bookrunner and Coordinator for the facility. Emirates NBD Capital Limited and First Abu Dhabi Bank PJSC were the Mandated Lead Arrangers and Bookrunners. About Gulf International Bank (GIB) Gulf International Bank B.S.C. is a pan-GCC universal bank established in 1975 and regulated by the Central Bank of Bahrain. GIB's services are delivered across the GCC and international markets through its subsidiaries: GIB Saudi Arabia and GIB (UK) Ltd. Additionally, the Bank has branches in the UAE, Oman, London and USA. GIB is owned by the governments of the Gulf Cooperation Council countries, with Saudi Arabia's Public Investment Fund being the principal shareholder. For more information, kindly contact: FinMark Communications
Daily Tribune
30-04-2025
- Business
- Daily Tribune
GIB Group, Stanhope Capital Group in strategic partnership
Gulf International Bank Group, a pan‑GCC universal banking group, and Stanhope Capital Group, one of the world's leading independent glob‑ al wealth management firms, announced that they have en‑ tered into an agreement to offer wealth advisory services to in‑ stitutional and qualified private clients in the GCC region. The agreement will offer cli‑ ents a comprehensive suite of services including advisory, out‑ sourced chief investment officer and discretionary wealth advi‑ sory, expanding the GIB Group's existing offering, which includes commercial banking, retail, treasury services, asset man‑ agement, investment banking and Sharia‑compliant banking services. The partnership will enable the GIB Group to extend its suite of value‑added services to clients to include asset and wealth management locally and on a global basis. For Stanhope Capital, whose core business is to offer wealth management and advisory sevices to its global client base, the agreement is an opportunity to further expand in the GCC, which has become one of the fastest growing regions for such services and to do so whilst capitalising on the GIB Group's established regional presence, local expertise and extensive network. The investment platform of‑ fered to clients in the region will cover all global asset classes, including equities, fixed income, hedge funds, private equity and real estate combined with a strong expertise in Sharia‑com‑ pliant products. Alternative investments offering access to top‑quartile buyout and ven‑ ture capital managers will form a core part of the offering. worldclass platform Commenting on the partnership, Sara Abdulhadi, Chief Executive Officer of GIB B.S.C., said, 'The increasing demand for sophisticated investment solutions requires a partner that understands both local and international markets. Through this collaboration, we are well‑positioned to provide our clients with a comprehensive, world‑class investment platform that aligns with their evolving financial goals'. Osamah Shaker, Chief Exec‑ utive of GIB Capital, said: 'By leveraging Stanhope Capital's global insights and expertise, combined with GIB Capital's strong footprint and track record in the region, we aim to offer enhanced value and support to our clients in achieving their financial goals. Daniel Pinto, Chairman & CEO Stanhope Capital Group, said: 'The demand for asset and wealth management services in the GCC is immense and our abil‑ ity to combine the GIB Group's access and expertise with our long‑standing experience ser‑ vicing the most demanding in‑ stitutional and private clients globally will create something unique in the region'.
Zawya
30-04-2025
- Business
- Zawya
Bahrain: GIB partners with Stanhope to offer wealth advisory services
Bahrain - Gulf International Bank Group (GIB Group), a pan-GCC universal banking group, and Stanhope Capital Group (Stanhope), one of the world's leading independent global wealth management firms, announced that they have entered into an agreement to offer wealth advisory services to institutional and qualified private clients in the GCC region. The partnership will enable GIB to offer clients a comprehensive suite of services including advisory, outsourced chief investment officer (OCIO) and discretionary wealth advisory, expanding the GIB Group's existing offering, which includes commercial banking, retail, treasury services, asset management, investment banking and Sharia-compliant banking services. The group will also extend its suite of value-added services to clients to include asset and wealth management locally and on a global basis. This model, which combines a regional bank partnering to provide international wealth advisory services, is new to the region and will have the enhancement of local skillsets as an additional focus. For Stanhope Capital, whose core business is to offer wealth management and advisory services to its global client base, the agreement is an opportunity to further expand in the GCC, which has become one of the fastest growing regions for such services and to do so whilst capitalising on the GIB Group's established regional presence, local expertise and extensive network. The investment platform offered to clients in the region will cover all global asset classes, including equities, fixed income, hedge funds, private equity and real estate combined with a strong expertise in Sharia-compliant products. Alternative investments offering access to top-quartile buyout and venture capital managers will form a core part of the offering. Commenting on the partnership, GIB chief executive Sara Abdulhadi said, 'This agreement is a significant step forward in the GIB Group's strategy to expand and diversify our offerings, with asset and wealth management as a key pillar of our growth. 'By leveraging our deep regional presence and trusted client relationships, alongside Stanhope Capital's global investment expertise and strong performance track record, we are creating a compelling wealth advisory proposition tailored for institutional and private clients in the GCC. 'The increasing demand for sophisticated investment solutions requires a partner that understands both local and international markets. Through this collaboration, we are well-positioned to provide our clients with a comprehensive, world-class investment platform that aligns with their evolving financial goals,' Ms Abdulhadi added. GIB Capital chief executive Osamah Shaker said, 'We are excited to join hands with Stanhope Capital. This collaboration aligns with our commitment to delivering superior investment advisory services and tailored solutions to our clients. 'By leveraging Stanhope Capital's global insights and expertise, combined with GIB Capital's strong footprint and track record in the region, we aim to offer enhanced value and support to our clients in achieving their financial goals.' Stanhope Capital Group chairman and chief executive Daniel Pinto said, 'We are delighted about entering into this important commercial agreement with the GIB Group, undoubtedly one of the most respected financial institutions in the region. 'The demand for asset and wealth management services in the GCC is immense and our ability to combine the GIB Group's access and expertise with our long-standing experience servicing the most demanding institutional and private clients globally will create something unique in the region.' Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
