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Weathering the COVID storm and the economic after-shocks: How are corporates approaching funding through volatile times

Broadcast on Sep 14, 2021 from Livestream: Bonds, Loans & Sukuk Middle East 2021

Platinum Sponsor

Emirates NBD

Platinum Sponsor

First Abu Dhabi Bank (FAB)

Gold & Networking Sponsor

Mashreqbank

Gold Sponsor

Abu Dhabi Commercial Bank (ADCB)

Gold Sponsor

Abu Dhabi Islamic Bank

Gold Sponsor

BofA Securities

Gold Sponsor

GIB Capital

Gold Sponsor

SMBC

Gold Sponsor

Standard Chartered

Lunch Sponsor

MUFG

Silver Sponsor

Citi

Silver Sponsor

Crédit Agricole CIB

Silver Sponsor

Intesa Sanpaolo

Silver Sponsor

Mauritius Commercial Bank (MCB)

Silver Sponsor

Moody's Investors Service

Silver Sponsor

Rawabi Holding

Silver Sponsor

White & Case

Bronze Sponsor

SHUAA Capital

Bronze Sponsor

Akin Gump Strauss Hauer & Feld LLP

Bronze Sponsor

Arqaam

Bronze Sponsor

Bank of Jordan

Bronze Sponsor

Bank of Sharjah

Bronze Sponsor

Barclays

Bronze Sponsor

Capital Markets Malaysia

Bronze Sponsor

DWF

Bronze Sponsor

FIM Partners

Bronze Sponsor

Finsight

Bronze Sponsor

Fitch Ratings

Bronze Sponsor

London Stock Exchange

Bronze Sponsor

Maybank Islamic

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Morgan Lewis

Bronze Sponsor

NetRoadshow

Bronze Sponsor

S&P Global

Bronze Sponsor

Squire Patton Boggs

Bronze Sponsor

TMF Group

Bronze Sponsor

UK Export Finance

Bronze Sponsor

United Arab Bank

Supporting Partner

AlHuda CIBE

Supporting Partner

IsFin
  • Stories behind the big headlines: What were the risks (and successful outcomes) corporates faced when they attempted to approach the capital market in 2020?
  • Do MENA borrowers still prefer loan financing versus bonds/sukuk? What’s the desire to diversify investor/funding base eastwards?
  • How did SMEs with EBITDA >USD50m adapt their businesses and finances through the COVID-19 pandemic?
  • The market view on corporate credit deterioration and debt burdens: How will defaults trickle down to affect the credit environment post-COVID?
Middle East

Moderator

Sarmad Mirza

Sarmad Mirza

Executive Director, MENA Debt Capital Markets

Standard Chartered

Sarmad Mirza

Sarmad Mirza

Executive Director, MENA Debt Capital Markets at Standard Chartered

Over 16 years of experience with 11 years dedicated to MENA Corporate Debt Capital Markets, Sam has been instrumental in driving the Corporate DCM agenda in the region.

Sam leads the Corporate Debt Capital Markets space for the Bank across MENA

Throughout the 11 years Sam has spent with StanChart, he has executed over 50 benchmark transactions for high profile Corporate issuers from the region

In particular, Sam has been instrumental in driving key business opportunities across a variety of repeat issuers including Majid Al Futtaim, Emaar, TAQA, Mubadala, Saudi Electricity, DP World

In addition, Sam has led a number of high profile debut issuers from the region including Almarai, Saudi Telecom, ESIC, Emirates REIT, Oman Telecom

Standard Chartered

Sarmad Mirza

Speakers

Ahmad Alshubbar

Ahmad Alshubbar

Vice President, Treasury and Strategy

Rawabi Holding

Ahmad Alshubbar

Ahmad Alshubbar

Vice President, Treasury and Strategy at Rawabi Holding

Mr. Ahmed AlShubbar is the Group Vice President, Group Treasury & Strategy for Rawabi Holding Group Mr. AlShubbar’s responsibilities include overseeing the group's Treasury, Corporate Finance, Bank Relations, Cash Flow Management, Insurance and most importantly Strategy. Mr. AlShubbar brings a wealth of banking experience that covers Corporate Banking and Investment Banking (Debt Capital Markets and Debt Advisory) for over 12 years with reputable banks such as National Commercial Bank (NCB), Samba Financial Group, Banque Saudi Fransi (BSF) and Gulf International Bank (GIB) where he recently served as Vice President in Investment Banking. He holds a Bachelor’s Degree in Finance and Economics from King Fahd University of Petroleum and Minerals (KFUPM) Business School. He attended and participated in many training programs and conferences in related areas such as Credit Risk Management, Corporate Finance and Global Markets, Bonds, Loans & Sukuk to name a few.

Rawabi Holding

Ahmad Alshubbar

From our trading legacy, Rawabi Holding has developed into a diversified conglomerate. Rooted in the region, Rawabi Holding has extensive expertise in understanding and anticipating market dynamics.

We recognize what businesses need to do to be successful in Saudi Arabia and we are dedicated to helping our partners, joint ventures and businesses succeed.

Established and proven, Rawabi Holding is not satisfied with the status quo. We seek out innovative solutions, technologies and opportunities that help enable our clients to succeed more effectively and cost-efficiently.

Rawabi Holding, through its fully owned subsidiaries, joint ventures and partnerships with international market leaders, focuses on three core sectors:

  • OILFIELD SERVICES
  • CONTRACTING & INDUSTRIAL SERVICES
  • OFFSHORE SERVICES

LinkedIn URL: https://www.linkedin.com/company/rawabi-holding-group

Mohamed Al Shehab

Mohamed Al Shehab

Portfolio and Investor Relations Manager – Investments

Nogaholding

Mohamed Al Shehab

Mohamed Al Shehab

Portfolio and Investor Relations Manager – Investments at Nogaholding

Mr. Mohamed Al Shehab joined the Oil & Gas Holding Company (nogaholding) in Bahrain in December 2020 as Portfolio and Investor Relations Manager in the Investment Department. He is responsible for securing funding and identifying investment opportunities for nogaholding, and setting and executing the financing strategy for the Group, as well as managing the portfolio companies’ key performance indicators and maintaining investor relations.

Prior to joining the Company, Mr. Al Shehab was Vice President at Barclays Bank PLC, in London, United Kingdom from August 2013 to November 2020, where he served in several roles in Corporate and Investment Banking in Barclays International, including risk, product and business management as the Head of Business Management and strategy for the International Corporates business.

Mr. Al Shehab holds a Bachelor’s of Science in Business Administration from the McDonough School of Business at Georgetown University in Washington, DC, U.S.A., with majors in Finance and Operations and Information Management and minors in Economics and Philosophy, awarded in 2012. He has also obtained a Certificate in Advanced Credit Skills, and passed CFA qualification Level 1, 2 and 3 examinations.

Since joining nogaholding, Mohamed led on the issuance of $250m GMTN Bond Private Placement and the establishment of the $3bn Sukuk programme and the $600m debut issuance there under in 2021.

Nogaholding

Fawaz Abusneineh

Fawaz Abusneineh

Acting Head of Global Corporate Finance

First Abu Dhabi Bank (FAB)

Fawaz Abusneineh

Fawaz Abusneineh

Acting Head of Global Corporate Finance at First Abu Dhabi Bank (FAB)

Fawaz is in charge of the DCM Origination business for FAB’s Global Corporate Finance clients. He has worked on a number of landmark transactions for high profile issuers in the Corporate, Institutional and SSA space, covering various DCM products from plain vanilla bonds and setting up MTN Programs, to project bonds, hybrid capital and liability management, both conventional bonds and Islamic (Sukuk).

Fawaz has also originated and overseen the execution of numerous landmark deals outside the region, including the inaugural sovereign Sukuk issuance from HM Treasury and Hong Kong Government SAR. Prior to this role, Fawaz headed FAB's global distribution of Syndicated Loans and also managed FAB's Proprietary fixed income portfolio.

Fawaz holds a BSc (Hon's) in Accounting & Finance from the London School of Economics and is a holder of the Chartered Financial Analyst ® designation. He is also the Chairman of the Middle East Region for International Capital Market Association (ICMA) and a Board Member of The Gulf Bonds and Sukuk Association (GBSA).

First Abu Dhabi Bank (FAB)

Fawaz Abusneineh

About First Abu Dhabi Bank (FAB)

FAB, the UAE’s largest bank and one of the world’s largest and safest institutions, offers an extensive range of tailor-made solutions, products and services to its customers. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.

Headquartered in Abu Dhabi, the bank’s international network spans five continents, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad.

With total assets of AED 955 Billion (USD 260 Billion) as of September-end 2020, FAB is rated Aa3/AA-/AA- by Moody’s, S&P and Fitch, respectively, the strongest combined ratings of any bank in the MENA region.

The Bank has been ranked by Global Finance as the Safest Bank in the UAE and the Middle East, and the 32nd Safest Bank globally.

To empower its customers and clients to Grow Stronger, FAB initiated a powerful movement, which goes beyond banking. The Grow Stronger movement represents the bank’s promise to support its stakeholders’ goals and growth ambitions, providing ideas, tools and expertise to help them become stronger, today and in the future.

For further information, visit: www.bankfab.com

LinkedIn page: https://www.linkedin.com/compa...

Julian Lynn

Julian Lynn

Regional Head, Middle East & Asia Pacific

UK Export Finance

Julian Lynn

Julian Lynn

Regional Head, Middle East & Asia Pacific at UK Export Finance

Julian joined UKEF in 2015 and is currently responsible for UKEF’s business origination activities in the Middle East and Asia Pacific, in close support of UKEF’s regional and international network of dedicated representatives.


He was previously extensively involved in all aspects of negotiating and underwriting UKEF’s first Offshore Wind Projects in Taiwan, along with other firsts in solar and Islamic Financing. Julian has over 30 years international banking experience in project, export, and structured finance, having worked with major international banking groups such as Standard Chartered and HSBC. He has worked in all the main sectors of power (thermal and renewable), infrastructure (water, airports, ports), oil and gas and petro-chemicals, and in the emerging markets of Middle East and North Africa, Sub-Saharan Africa and South Asia. He has also extensive experience of working with bilateral and multi-lateral lending agencies.

UK Export Finance

Julian Lynn

UK Export Finance (UKEF) is the UK’s export credit agency. We support UK exporters, international project sponsors and buyers of UK goods and services. We also work with banks to provide flexible, innovative, and competitive financing solutions.

In 2020/21, we provided £12.3bn in support for UK exports to 77 countries and increased our capacity to support exports to over 100 foreign markets. UKEF can support exports for any size of company and across all sectors, from capital goods to services and intangibles such as intellectual property.

UKEF is delighted to have been voted ‘best export credit agency’ by Global Trade Review for 2020. This is a recognition of our innovative approach to supporting exporters, comprehensive product offering and substantial appetite to take on new business.

UKEF have an international network of export finance representatives in key markets around the world: Brazil, China, Columbia, East Africa, India, Indonesia, Middle East & Asia Pacific, Turkey and West Africa, with responsibility for developing commercial ties and matching UK businesses to local projects. This is alongside our network of Export Finance Managers based regionally across the UK, who are local points of contact for exporters and businesses with export potential.

To find out more on how UK Export Finance can support you, visits: www.great.gov.uk/get-finance/

LinkedIn
Twitter

Sabrina Al Bakri

Sabrina Al Bakri

Head of Treasury

OQ SAOC

Sabrina Al Bakri

Sabrina Al Bakri

Head of Treasury at OQ SAOC

OQ SAOC

Hussain Hussain

Hussain Hussain

Head of Capital Markets - Middle East

MUFG

Hussain Hussain

Hussain Hussain

Head of Capital Markets - Middle East at MUFG

Joining MUFG in September 2017, Hussain is the Head of Capital Markets for the Middle East. With an extensive portfolio focusing on transactions across a wide range of sectors within the EMEA region, his role predominantly looks at debt capital market transactions involving Sovereigns, Corporates and Financial Institutions compromising of debut and repeat issuers, project bonds and hybrid capital issuances.

Hussain has over 15 years of banking experience, primarily within the debt capital markets across EMEA and has led over USD 60bn of issuance from the Middle East.

Hussain holds a First Class Honours in BSc Economics from the University College of London.

MUFG

Hussain Hussain

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,500 locations in more than 50 countries. The Group has about 170,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world.

Please visit the website for more information - https://www.mufgemea.com/

LinkedIn Page: https://www.linkedin.com/company/mufg

Twitter Page: @MUFGEMEA