Euromoney Names Citi ‘Best M&A House In UAE’

Dubai- Euromoney Magazine recently named Citi ‘Best M&A House in the UAE’ for the period covering past twelve months. The prestigious accolade was part of the Euromoney Awards for Excellence 2013, considered to be among the most respected global awards for banking excellence.

The global bank, with a long and embedded presence in the UAE, came ahead of the competition across all main categories, and was particularly recognized for advising on critical and M&A deals, and customizing innovative financial solutions on behalf of clients in the UAE.

During this period, Citi successfully executed top advisory deals, including:

TAQA’s acquisition of 53.2% in the Atrush block in the Kurdistan region of Iraq, where Citi acted as the exclusive financial advisor to Abu Dhabi National Energy Company PJSC (“TAQA”).

Sale of DP World Limited’s stake in two container terminals and a logistics center in Hong Kong. Citi acted as a joint financial advisor to DP World on the monetization of its stake in its Hong Kong assets.

“Citi is again recognized for its leadership of landmark transactions in the UAE and rest of the region, thanks to a dedicated team of bankers on the ground,” said Omar Iqtidar, Citi’s Head of Middle East Investment Banking. “We are also extremely grateful to our clients who have put their trust and confidence in Citi to serve them on some very important and innovative transactions.”

Citi has been in the Arab World for nearly 50 years and views the region as critical to its global franchise. It currently offers full scale corporate and investment banking services in UAE, Bahrain, Qatar, Kuwait, Egypt, Lebanon, Jordan, Tunisia, Morocco and Algeria.

Citi’s capabilities include Investment Banking, Capital Markets, Equity Sales & Distribution businesses, Transactions Services, Equity Research, and Global Islamic Banking serving the MENA region.