Islamic Finance News (IFN) has named Albilad Capital as winner for 2013's “Project Finance of Infrastructure Deal of the Year”. Albilad Capital acted as a Joint Lead Manager and Joint Bookrunner for Sadara Basic Services Company's sukuk issuance, with a total value of SR7.5 billion. The amount will be allocated for financing a joint venture between Saudi Aramco and the Dow Chemical Company. The project, which consists of 26 industrial units, will be one of the largest chemical facilities in the world and the largest to be built in a single phase. “Playing an effective role in the success of one of the largest sukuk issuance in the Kingdom and acting as a Joint Lead Manager and Joint Bookrunner makes all employees associated with the Albilad Capital proud,” said Khaled Bin Abdulaziz Al Mugairin, Albilad Capital's chairman. Receiving an award from a neutral magazine shows the pivotal role Albilad Capital has played in the deal, Al Mugairin stressed, commending the outstanding performance of all employees during the last year. “We're keen to provide more investment services and solutions,” Al Mugairin underscored. Sukuk is one of the Islamic finance tools for project finance, he said, pointing out that Albilad Capital is financially capable of keeping up with the economic boom the Kingdom has been witnessing on all levels. “Our investment experts can help clients achieve their investment goals and meet their expectations,” he noted. Al Mugairin extended his thanks and appreciation to all Albilad Capital employees for the efforts they continue to exert in order to provide clients with the best services. – SG
