Saudi Minister of Education Meets with CEO of British Cultural Council    Russian diplomat resigns, says he's never been so ashamed of his country    SDAIA: Autonomous vehicles will be commercially available in world by 2030    Sheikh Al-Muajab meets with head of Eurojust Agency in The Hague    Crown Prince receives phone call from Pakistani Army chief    Ma'aden Enters Forbes 2000 List of World's Largest Public Companies    Misk Foundation Inaugurates Youth Council at the World Economic Forum    Tea Day event at Madinah university highlights diversity of traditions, cultural heritage    WEF unveils virtual global collaboration village as future of strong public-private cooperation    Prince Mohammed Bin Salman Nonprofit City appoints Dalkia EDF Group to implement sustainable solutions    Saudi minister: OPEC+ would increase production 'if demand is there'    Sheikh Dr. Al Al-Sheikh, Sundberg call for spreading tolerance and dialogue    MoH reveals information about monkeypox and ways to reduce its spread    Australia's new PM sworn in ahead of Quad meeting    UNHCR: Record 100 million people forcibly displaced worldwide    Manchester City clinches Premier League title on dramatic final day    How Syrian singer Rasha Rizk dazzled millennials at Jeddah Season?    King Salman Park begins construction on its Royal Arts Complex    Shoura members propose equal blood money for men and women, Muslim and non-Muslim    AMAALA Reveals Iconic New Yacht Club Designs    Arab League Renews Commitment to Enhancing Arab-African Cooperation    KSrelief Signs Agreement to Implement First Phase of Rehabilitating New Building of Mecca Medicine Eye Hospital in Omdurman, Sudan    KSrelief's Masam Project Dismantles 1,339 Mines within a Week in Yemen    British Investors Express Interest in Investing in Saudi Arabia's Food, Drug Market    Asian Shares Mixed    7 Die in Philippine Ferry Fire; over 120 Rescued from Water    Saudi Student Clubs in United States Hold Graduation Ceremony for Students on Scholarships    Weather Forecast for Monday    Ithra Participates in Cannes Film Festival with New Films to Support Saudi Talents    Exclusive launching of Michael Schumacher Digital Experience at Jeddah F1 Grand Prix    MoH allows 6 categories to receive second booster dose    Mbappé signs new 3-year PSG deal after rejecting Real Madrid    Junaid, Tusif, Ashfaq, Rizwan, Furqan excel Butt Sport to clash with Center System Group in Ace Travel Saudi Cup final    Saudi Aramco: London Championship to Witness Participation of World's Best Female Golfers    Saudi woman finds out she is male after 20 years    Saudi Arabia Heads to Cannes International Film Festival to Promote Country's Flourishing Industry and Support Emerging Talent on World Stage    President of SAFF Participates in AFC General Assembly Meeting    Saudi Athletes Achieve Great Victories in the 2nd Day of the GCC Games Tournament in Kuwait    Jazan Hosts West Asian Beach Soccer Championship    Bollywood actor's tweet reignited debate over Hindi as India's national language    SFDA Advises to Wash Dates Well Before Eating    SFDA Advises Against Mixing Surplus of Iftar and Suhoor with Different Foods or Surplus from Other Days    Ministry calls on imams to avoid long supplications in Tahajjud Prayer    Nothing wrong with a Muslim celebrating birthdays, says Saudi scholar    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

ITFC Tops Bloomberg 2021 Global Islamic Financing League Tables as Best Bookrunner and Mandated Lead Arranger
Published in Saudi Press Agency on 13 - 01 - 2022

International Islamic Trade Finance Corporation (ITFC) has emerged on top of the Bloomberg 2021 Islamic Financing League Tables as the Global leader as Bookrunner and Mandated Lead Arranger (MLA).
The 2021 Global Islamic Financing League Tables released by Bloomberg showed that ITFC is the top Bookrunner and MLA ahead of International and Regional Banks. The assessment recognizes the Corporation's leading role in mobilizing resources globally from a wide range of investors and financial institutions for the financing needs of Organization of Islamic Cooperation (OIC) member countries and demonstrates the market impact potential of the ITFC financing model.
ITFC recorded financing transaction volume of over US$5.23 billion globally, covering market share of 21.2% as Bookrunner and 18.6% as MLA.
Commenting on the ranking, the CEO of ITFC, Eng. Hani Salem Sonbol said: "We are honored to be ranked top of the Bloomberg 2021 Islamic Finance League Table as leading Bookrunner and Mandated Lead Arranger. These rankings demonstrate the ITFC team's commitment to be a catalyst for trade development among OIC member countries. Nurturing and financing trade development ultimately contributes to ITFC's overarching goal of improving socioeconomic conditions of people across the world. Given how much of a challenging year 2021 was for the global economy, we are extremely pleased that ITFC continued to provide significant strategic support for our member countries in this difficult environment and we look forward to 2022 with a lot of optimism. For this milestone I would like to express my sincere thanks and appreciation to our syndicate partners for their continued confidence and trust in ITFC's role in leading these many syndicated financing deals".
The Bloomberg League Tables – published quarterly and annually – rank banks and financial institutions, in different categories, namely arrangers, bookrunners, administrative agents and advisors across diverse transactions, which include loans, bonds, and M&A activities.

Clic here to read the story from its source.