Sambacapital Receives 3 Accolades from Global Finance as Best Investment Bank and Best Equity Bank in Saudi Arabia and the Middle East for 2010
Sambacapital, the investment arm of Samba Financial Group, has been awarded three accolades from Global Finance, a specialist international magazine focused on the financial and banking industry. The three awards are "Best Investment Bank in Saudi Arabia", Best Investment Bank in the Middle East" and "Best Equity Bank in the Middle East" all for 2010.
The awards committee at Global Finance included industry experts and the magazine's editors who all used a select series of criteria to scrutinize companies in the various sectors. The criteria included market share, number and size of deals, service and advice, distribution network, efforts to address market conditions, innovation, pricing, after-market performance of underwritings, market reputation, etc. Sambacapital lead the market in three of the selected areas to win the awards, which will be announced in the magazine's June 2010 edition.
Commenting on the awards, Joseph D. Giarraputo, publisher of Global Finance said "The last 12 months were decidedly mixed for investment banker, but many institutions continue to provide the best possible services to their clients, and we salute them."
Mr. Eisa M. Al Eisa, Chairman of Sambacapital, said "These awards from a leading and specialised magazine testify the high performance of Sambacapital in the areas of investment and equity services on both a local and regional level. We have shown our ability to overcome the challenges that have confronted the industry across global markets, thanks to our high professional standards and long term strategies, which enhances the company's ability to maintain the high quality of its services, we have boosted our ability for innovation and development". Al Eisa further commended Sambacapital's staff whose professionalism and expertise played a vital role in the standing of the company in all markets and at all levels.
These three accolades from Global Finance join more than 30 other accolades received by Samba and Sambacapital during 2009 and 2010. These accolades include 'Best Bank in Saudi Arabia' for the fifth consecutive year by Global Finance, 'Best Risk Management Bank in the Middle East' from Global Finance, 'Best Structured Finance Deal in the Middle East' from The Banker, 'Best Retail Bank in Saudi Arabia' from The Asian Banker and the latest ones were 4 accolades from emeafinance as "Best Project Fiance House in the Middle East" for 2009.