Fahad Alsaif (left), Managing Director & Head of Debt Capital Markets in HSBC Saudi Arabia Ltd., receives the award on behalf of HSBC from Euromoney officials. RIYADH – HSBC Saudi Arabia Ltd. has just won an award for the "Best Debt House in Saudi Arabia" from Euromoney, a premier global financial publication. The award was presented during a ceremony in Dubai for Euromoney's annual Awards of Excellence. Fahad Alsaif, Managing Director & Head of Debt Capital Markets in HSBC Saudi Arabia Ltd., received the award on behalf of HSBC. HSBC also won Euromoney's awards for the "Best Debt House in the Middle East", "Best Project Finance House in the Middle East" and "Best Equity House in the Middle East". Transactions executed by HSBC Saudi Arabia Ltd. played a significant role in winning such regional awards. HSBC Saudi Arabia Ltd. always received a top investment banking award from Euromoney every year since its inception in the Kingdom. Euromoney acknowledged HSBC's dominant position and contribution to the debt markets in the Kingdom, noting that HSBC's market share in debt capital markets was almost three times as large as its nearest rival. Transactions led by HSBC Saudi Arabia Ltd. this year include the first sovereign-guaranteed SR15 billion sukuk for the General Authority of Civil Aviation, which helped in setting a benchmark for the sovereign yield curve, the debut $1.75 billion international sukuk for Saudi Electricity Company, debut sukuk programs and debut issuances under such programs for Almarai at SR1 billion and SR2 billion for Tasnee, the first Sukuk exchange offer for SABB at SR1.5 billion. In addition, HSBC Saudi Arabia advised Marafiq on its SR4.5 billion syndicated murabaha facility, and are currently advising Ma'aden on its debut SR7 billion corporate syndicated murabaha facility. Walid Khoury, CEO of HSBC Saudi Arabia Ltd., said: "We are delighted to have again won a top award from Euromoney. This is a gratifying result of our commitment to Saudi Arabia and the quality of resources we have dedicated into our franchise, as well as the trust our clients place in our professionalism and advice. We strive to lead and help in market development and transactions such as the GACA sukuk and debut program sukuk are demonstrative of the innovation we bring into the market." – SG
