NCB Capital, Saudi Arabia's leading provider of investment banking and wealth management services and largest asset manager, is named "Best Corporate Advisory" provider at the 10th Islamic Business & Finance Awards. More than 200 Islamic bankers and financiers gathered to celebrate the awards at the Godolphin Ballroom at the Emirates Tower Hotel in Dubai recently. "Acknowledging our investment banking achievement on PIF's acquisition in Korean POSCO E&C is quite an honor for us," said Sarah Al-Suhaimi, CEO of NCB Capital. "Especially coming on the heels of being named Best Asset Manager at last year's event. This year has been a very special one for us and the award is a clear reflection of the superior efforts the investment banking team has made to ensure our clients receive the best financial advisory services and execution capabilities." CPI Financial, publisher of Islamic Business & Finance, said its awards set a clear benchmark for excellence in the global Islamic finance industry as it continues to grow and develop. CPI's awards are intended to distinguish and to honor pioneers in Islamic finance who attain success through innovative products and services. In addition to the successful advisory mandate with PIF, NCB Capital was also the financial advisor and sole placement agent on the impressive Saudi based Khair Inorganic Chemical Industries Company (InoChem), a greenfield industrial venture in the inorganic chemicals sector. The investment banking firm impressed investors with the successful funding of the first manufacturer of soda ash in the Kingdom and the GCC and the biggest manufacturer of calcium chloride in MENA, it also executed the placement of 30% of InoChem's shares to one of the most reputable government institutions in Saudi Arabia. The significant success sprang primarily from NCB Capital's performance and presentation of detailed financial studies and forecasts clarifying the project's profitability combined with the project's goal of contributing to the diversification of the Saudi economy.
