MANAMA: Capital Management House (CMH), the Bahrain based investment bank, was awarded Leader in Aviation by the Arab Achievement Awards held at the 2nd Annual Arab Investment Summit in Abu Dhabi last month. The award, presented by Obaid Al Noaimi and Juma Mohammed Al Kait, Assistant Undersecretary, Ministry of Foreign Trade of the UAE, was in recognition of a recent aviation transaction structured by the bank. The deal comprised of CMH, in partnership with Novus Aviation and Muzun Partner Ltd., acquiring a Boeing 777-200ER airliner from Emirates and leasing back the aircraft, for a fixed six year-term, to the airline, which is one of the world's leading and fastest growing carriers today. As a result of its sound structuring of the transaction and effective management of the aircraft asset, CMH has already made the first distribution of dividends, calculated at 10 percent per annum, to investors who participated in this deal through an aircraft leasing investment fund established by the bank. The awards, which were presented in a number of categories, recognize the excellence of top-tier regional companies and institutions in diverse sectors as well as innovative projects and transactions originated by companies and which have had a positive impact on the development and enhancement of the Arab region. Khalid M. Najibi, Managing Director of CMH, said: "In addition to aviation, CMH has been highly successful in executing transactions in other promising sectors which support the growth of the region and simultaneously create investment opportunities capable of providing for strong returns and significant upside potential." CMH is particularly active in sectors that are of fundamental importance to the development of the region's economies and the bank has made substantial investments in sectors including transportation, infrastructure, energy, power, financial services, real estate and capital markets.
