8th February 2023
The Fairmont Hotel, Riyadh
2023
NOMINATIONS ARE NOW CLOSED
20
CATEGORIES
200+
SENIOR DECISION-MAKERS

CAPITAL MARKETS & ESG FINANCE SAUDI ARABIA AWARDS

8TH FEBRUARY | THE FAIRMONT, RIYADH

"Recognising the most innovative & ground-breaking deals from Saudi Arabia"

Join the industry's most high-profile figures in celebrating!

Since 2014, GFC Media Group Awards has been recognising the year’s most innovative and ground-breaking deals from Sovereign, Corporate and Financial Institution issuers and borrowers.

The exhaustive selection process involves close examination of deal size, tenor, structure, and distribution; analysis and background of the borrower and their accessibility to financing; with extra credit for those deals demonstrating high quality execution, accessing new pools of liquidity, innovative structuring, and opening-up new markets.

Bringing together the industry’s most high-profile figures, the Capital Markets & ESG Finance Saudi Arabia AWARDS are an opportunity to raise the profile of the financial markets with the international investment community, and to inspire future issuance by companies.


2023 AWARD WINNERS:

Ground-breaking Deal of the Year

  • Gaci First Investment Company (Public Investment Fund)
  • USD 3bn RegS Triple-tranche (including Century Tranche) Senior Unsecured ESG Bond
  • Issued: Oct 2022; Matures: Oct 2027, Oct 2032, Oct 2122
  • Global Coordinators: BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, JPMorgan
  • Joint Green Structurers and Active Bookrunners: Credit Agricole, Standard Chartered
  • Active Bookrunners: First Abu Dhabi Bank, HSBC, Mizuho, SMBC Nikko, SNB Capital, Societe Generale
  • Passive Bookrunners: ANB Capital, BofA Securities, Bank of China, GIB Capital, ICBC, Intesa SanPaolo IMI, Morgan Stanley, MUFG, Natixis, Riyad Capital, Saudi Fransi Capital
  • Legal Advisers to the Issuer: Latham & Watkins
  • Legal Advisers to the JLMs: Linklaters

Sovereign, Supra & Agency Bond Deal of the Year

  • National Debt Management Centre, Ministry of Finance, The Kingdom of Saudi Arabia
  • USD 5bn 144a/RegS Senior Unsecured Dual-tranche (Sukuk and Conventional Bonds) Liability Management and New Issue
  • Issued: Oct 2022; Matures: Oct 2028 and October 2032
  • Global Coordinators: HSBC, BNP Paribas, Goldman Sachs
  • Bookrunners: AlJazira Capital, Citi, JPMorgan, Standard Chartered
  • Legal Advisers to the Obligor: Allen & Overy
  • Legal Advisers to the JLMs: Linklaters

Quasi-Sovereign/GRE Bond Deal of the Year

  • Gaci First Investment Company (Public Investment Fund)
  • USD 3bn RegS Triple-tranche (including Century Tranche) Senior Unsecured ESG Bond
  • Issued: Oct 2022; Matures: Oct 2027, Oct 2032, Oct 2122
  • Global Coordinators: BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, JPMorgan

  • Joint Green Structurers and Active Bookrunners: Credit Agricole, Standard Chartered

  • Active Bookrunners: First Abu Dhabi Bank, HSBC, Mizuho, SMBC Nikko, SNB Capital, Societe Generale
  • Passive Bookrunners: ANB Capital, BofA Securities, Bank of China, GIB Capital, ICBC, Intesa SanPaolo IMI, Morgan Stanley, MUFG, Natixis, Riyad Capital, Saudi Fransi Capital
  • Legal Advisers to the Issuer: Latham & Watkins
  • Legal Advisers to the JLMs: Linklaters

ESG Bond Deal of the Year

  • Gaci First Investment Company (Public Investment Fund)
  • USD 3bn RegS Triple-tranche (including Century Tranche) Senior Unsecured ESG Bond
  • Issued: Oct 2022; Matures: Oct 2027, Oct 2032, Oct 2122
  • Global Coordinators: BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, JPMorgan

  • Joint Green Structurers and Active Bookrunners: Credit Agricole, Standard Chartered

  • Active Bookrunners: First Abu Dhabi Bank, HSBC, Mizuho, SMBC Nikko, SNB Capital, Societe Generale
  • Passive Bookrunners: ANB Capital, BofA Securities, Bank of China, GIB Capital, ICBC, Intesa SanPaolo IMI, Morgan Stanley, MUFG, Natixis, Riyad Capital, Saudi Fransi Capital
  • Legal Advisers to the Issuer: Latham & Watkins
  • Legal Advisers to the JLMs: Linklaters

Bank/Financial Institutions Bond Deal of the Year

  • Banque Saudi Fransi
  • USD 700m RegS Senior Unsecured Bond
  • Issued: Nov 2022; Matures: November 2027
  • Bookrunners: BofA Securities, Citi, HSBC, JPMorgan, Saudi Fransi Capital, Standard Chartered
  • Legal Advisers to the Issuer: Linklaters
  • Legal Advisers to the JLMs: Clifford Chance

Syndicated Loan Deal of the Year

  • Public Investment Fund
  • USD 17bn Senior Unsecured Syndicated Loan
  • Issued: Nov 2022; Matures: 2029
  • Bookrunners and MLAs: BofA Securities, BNP Paribas, Citi, Credit Agricole, First Abu Dhabi Bank, HSBC, JPMorgan, Mizuho, SMBC
  • MLAs: ADCB, Agricultural Bank of China, Santander, Bank of China, Barclays, EmiratesNBD Capital, Goldman Sachs, ICBC, MUFG, NBK, Standard Chartered, State Bank of India
  • Legal Advisers to the Borrower: Clifford Chance
  • Legal Advisers to the Bookrunners: Linklaters

ESG Loan Deal of the Year

  • Al Rajhi Bank and Investment Corporation
  • USD 1.165bn Deal Tranche Sustainability-Linked Commodity Murabaha Facility
  • Issued: Sep 2022; Matures: Sep 2025
  • Initial MLAs, Coordinators and Bookrunners: HSBC, SMBC
  • Legal Adviser to the Borrower: Hogan Lovells
  • Legal Advisers to the JLMs: Norton Rose, Mohammed Al-Ghamdi Law Firm

Acquisition Finance Deal of the Year

  • Greensaif Pipelines Bidco SARL
  • Sponsors: BlackRock Real Assets, GOSI
  • USD 13.4bn Acquisition bridge facility on the back of lease-and-lease-back transaction between the consortium and Saudi Aramco
  • Issued: Feb 2022

  • Bookrunners/Participant Banks: ADCB, Agricultural Bank of China, Bank of China, BofA Securities, BNP Paribas, China Construction Bank, Citi, Credit Agricole, First Abu Dhabi Bank, HSBC, JPMorgan, Mizuho, MUFG, Riyad Bank, Societe Generale, Standard Chartered, SMBC

  • Legal Advisers to the Obligor: Simpson Thacher & Bartlett
  • Legal Advisers to Saudi Aramco: White & Case
  • Legal Advisers to the Bookrunners: Clifford Chance

Infrastructure Finance Deal of the Year

  • Madinah, Buraydah and Tabuk ISTP
  • SAR 2.4bn Secured Project Finance Loan
  • Issued: Feb 2022; Matures: May 2049
  • Obligor: Saudi Water Partnership Company
  • Sponsors: Acciona Agua, Tamasuk Holding, International Water Distribution Company
  • Borrowers: Aleqad Water Treatment Company, Arratil Independent Water Treatment Company and Desert Well Treatment Company
  • Bookrunners: Abu Dhabi Islamic Bank, Alinma Bank, MUFG, Riyad Bank, Siemens Bank

Social Infrastructure Finance Deal of the Year

  • Ministry of Education, Tatweer Building Company
  • SAR 1.3bn Senior Secured Limited Recourse Project Loan
  • Issued: May 2022; Matures: Aug 2045
  • Financial Adviser: HSBC
  • MLAs: Alinma Bank
  • Legal Advisers to the Sponsors: Allen & Overy, Khoshaim & Associates
  • Legal Advisers to the MLAs: Ashurst

Local Currency Bank/FI Bond Deal of the Year

  • Al Rajhi Bank and Investment Corporation
  • SAR 10bn Retail Public Offer Tier 1 Sukuk
  • Issued: October 2022
  • Bookrunners: Al Rajhi Capital
  • Legal Advisers to the Obligor: Allen & Overy, Khoshaim & Associates
  • Legal Adviser to the Bookrunner: Clifford Chance

Local Currency Corporate Bond Deal of the Year

  • Arabian Drilling Company
  • SAR 2bn Senior Unsecured Private Placement Sukuk
  • Issued: Feb 2022; Matures: Feb 2027
  • Lead Coordinator and JLM: HSBC
  • JLMs: Riyad Bank, Saudi Fransi Capital
  • Legal Advisers to the Obligor: Simmons & Simmons
  • Legal Advisers to the JLMs: Allen & Overy

M&A Deal of the Year

  • solutions by STC
  • USD 158m acquisition of 88.19% stake of Giza Systems
  • Deal Closure: Oct 2022
  • Investment Adviser: SNB Capital
  • Legal Advisers: Freshfields
  • Financial & Tax Advisers: PwC
  • Commercial & Technical Advisor: Arthur D. Little

Oil & Gas Finance Deal of the Year

  • Greensaif Pipelines Bidco SARL
  • Sponsors: BlackRock Real Assets, GOSI
  • USD 13.4bn Acquisition bridge facility on the back of lease-and-lease-back transaction between the consortium and Saudi Aramco
  • Issued: Feb 2022

  • Bookrunners/Participant Banks: ADCB, Agricultural Bank of China, Bank of China, BofA Securities, BNP Paribas, China Construction Bank, Citi, Credit Agricole, First Abu Dhabi Bank, HSBC, JPMorgan, Mizuho, MUFG, Riyad Bank, Societe Generale, Standard Chartered, SMBC

  • Legal Advisers to the Obligor: Simpson Thacher & Bartlett
  • Legal Advisers to Saudi Aramco: White & Case
  • Legal Advisers to the Bookrunners: Clifford Chance

Power Finance Deal of the Year

  • Saudi Electricity Company
  • USD 3bn Dual-Tranche Conventional and Islamic Term Facility
  • Initial MLAs, Coordinators and Bookrunners: Bank of China, ICBC, Intesa SanPaolo IMI, State Bank of India, ADCB, ADIB, First Abu Dhabi Bank, HSBC, MUFG, NBK, SMBC, Mizuho, Standard Chartered
  • Legal Advisers to the Borrower: Linklaters
  • Legal Advisers to the Bookrunners: Latham & Watkins

Project Finance Loan Deal of the Year

  • Advanced Polyolefins Industry Company (APOC)
  • SAR 6.1bn Senior Secured Limited Recourse Syndicated Project Finance Loan
  • Issued: July 2022; Matures: Nov 2035
  • MLA, Facilities Agent, Onshore Security Agent and Offshore Security Trustee: HSBC
  • Financial Adviser and MLA: Banque Saudi Fransi
  • MLAs: Alinma Bank, Arab National Bank, APICORP, AlRajhi Bank, Bank AlBilad, Banque Saudi Fransi, Riyad Bank, The Saudi National Bank, SABB
  • Financial Advisor: Banque Saudi Fransi, Synergy Consulting Inc.
  • Legal Advisers to the Borrower: Herbert Smith Freehills
  • Legal Advisers to the MLAs: White & Case

Real Estate Finance Deal of the Year

  • Saudi Real Estate Refinance Company
  • SAR 4bn Guaranteed Senior Unsecured Private Placement Sukuk
  • Issued: Apr 2022; Matures: Apr 2030
  • Lead Coordinator and JLM: HSBC
  • JLMs: AlJazira Capital, Riyad Capital, SNB Capital
  • Legal Adviser to the Obligor: White & Case
  • Legal Adviser to the JLMs: Allen & Overy

Sukuk Deal of the Year

  • The Saudi National Bank
  • USD 750m Senior Unsecured Sustainable Senior Sukuk
  • Issued: Jan 2022; Matures: Jan 2027
  • Sole ESG Structuring Agent and Bookrunner: HSBC
  • Bookrunners: Citi, EmiratesNBD Capital, Goldman Sachs, Mizuho, SNB Capital
  • Legal Advisers to the Obligor: Allen & Overy
  • Legal Advisers to the JLMs: Linklaters

Structured Finance Deal of the Year

  • Jabal Omar Development Company
  • SAR 5.301bn for 225.1m New Share Debt Conversion
  • Deal Closure: Sept 2022
  • Financial Advisor: SNB Capital

Transport Finance Deal of the Year

  • Tibah Airports Development Company
  • Sponsors: Al Rajhi Holding, TAV Holding
  • SAR 2.526bn Senior Secured Loan
  • Issued: December 2021; Matures: June 2036
  • Structuring Bank, Mandated Lead Arranger, Underwriter, Participant, and Account Bank: Arab National Bank
  • Financial Adviser: HSBC
  • Lenders: Bank Albilad
  • Legal Adviser to the Borrower: Clifford Chance, Norton Rose Fulbright
  • Legal Adviser to the Lenders: Herbert Smith Freehills LLP

Water & Utilities Deal of the Year

  • Marafiq Red Sea for Energy Company
  • Sponsors: ACWA Power, Saudi Tabreed, SPIC Huanghe Hydropower Development
  • USD 1.33bn Senior Secured Limited Recourse Syndicated Project Finance Loan
  • Issued: December 2021; Matures: Sept 2048
  • MLAs: APICORP, AlRajhi Bank, Banque Saudi Fransi, Riyad Bank, The Saudi National Bank, SABB, Standard Chartered Bank
  • Legal Adviser to the Sponsors: Covington & Burling
  • Legal Advisers to the MLAs: DLA Piper

International IPO/Equity Capital Markets Deal of the Year

  • Americana Restaurants International PLC
  • SAR 6.77bn Abu Dhabi/Saudi Arabia Dual-Listed Initial Public Offering
  • Issued: Dec 2022
  • Global Coordinators, Bookrunners and Underwriters: SNB Capital, First Abu Dhabi Bank, Goldman Sachs, Morgan Stanley
  • Bookrunners: HSBC, EFG Hermes
  • Legal Adviser to the Company: AS&H, Clifford Chance, Ibrahim & Partners
  • Legal Advisers to the Underwriters: Allen & Overy, Khoshaim & Associates

Local Market IPO/Equity Capital Markets Deal of the Year

  • Arabian Drilling Company
  • SAR 2.67bn Initial Public Offer
  • Joint Financial Advisors, Bookrunners and Underwriters: Goldman Sachs, HSBC, SNB Capital
  • Legal Advisers to the Company: STAT Law Firm and Sullivan & Cromwell
  • Legal Advisers to the Bookrunners: Baker McKenzie, Abdul Aziz Alajlan & Partners

Bank Funding & Treasury Team of the Year

  • Riyad Bank

Corporate Treasury & Funding Team of the Year

  • Rawabi Holding

Project Sponsor of the Year

  • Tamasuk Holding Company

Best Equity Fund Strategy

  • FIM Partners

International Bond House of the Year

  • Standard Chartered

Investment Bank of the Year

  • HSBC

ESG Bond House of the Year

  • HSBC

Equity Capital Markets House of the Year

  • SNB Capital

M&A House of the Year

  • Saudi Fransi Capital

Structured Finance House of the Year

  • SNB Capital

Local Currency Bond House of the Year

  • HSBC

Sukuk House of the Year

  • Al Rajhi Capital

Loan House of the Year

  • SMBC

ESG Loan House of the Year

  • HSBC

Project Finance Bank of the Year

  • HSBC

Capital Markets Legal Adviser of the Year

  • Allen & Overy
  • Khoshaim & Associates

CATEGORIES

Categories Categories
Acquisition Finance Deal of the Year ESG Bond House of the Year
Bank/Financial Institutions Bond Deal of the Year International Bond House of the Year
Debt Capital Markets Deal of the Year Local Currency Bond House of the Year
Equity Capital Markets Deal of the Year Local Currency Debt Capital Markets Arranger of the Year
ESG Bond Deal of the Year Local Currency Equity Capital Markets Arranger of the Year
ESG Loan Deal of the Year Sukuk House of the Year
Infrastructure Finance Deal of the Year International IPO/Equity Capital Markets Arranger of the Year
International Corporate Bond Deal of the Year ESG Loan House of the Year
Local Currency Bank/FI Bond Deal of the Year International Loan House of the Year
Local Currency Corporate Bond Deal of the Year Local Currency Loan House of the Year
M&A Deal of the Year M&A House of the Year
Oil & Gas Finance Deal of the Year ECA/Export Finance Bank of the Year
Power Finance Deal of the Year Investment Bank of the Year
Project Finance Loan Deal of the Year Project Finance Bank of the Year
Quasi-Sovereign/GRE Bond Deal of the Year Structured Finance House of the Year
Real Estate Finance Deal of the Year Banking & Finance Legal Adviser of the Year
Renewable Energy Finance Deal of the Year Debt Capital Markets Legal Adviser of the Year
Social Infrastructure Finance Deal of the Year ESG & Sustainable Finance Advisor of the Year
Sukuk Deal of the Year Bank Treasury & Funding Team of the Year
Syndicated Loan Deal of the Year Corporate Treasury & Funding Team of the Year
Transport Finance Deal of the Year Project Sponsor of the Year
Water & Utilities Deal of the Year Best Fixed Income Fund Strategy (1 Year)
International IPO/Equity Capital Markets Deal of the Year Best Equity Fund Strategy (1 Year)
Local Market IPO/Equity Capital Markets Deal of the Year Privatisation Deal of the Year
Project Finance Bond Deal of the Year

HIGHLIGHTS VIDEO FROM 2023:

2023 PHOTO GALLERY: