Abu Dhabi, 15 July 2020: First Abu Dhabi Bank (FAB), the UAE's largest bank and one of the world's largest and safest financial institutions, has been named the ‘Middle East’s Best Bank for Financing’, ‘Best Investment Bank in the UAE’ and the ‘Middle East’s Best Bank for Corporate Responsibility’ in Euromoney’s Awards for Excellence 2020.
The ‘Middle East’s Best Bank for Financing’ honour marks the second consecutive year, and the third time in four years, that FAB has claimed this highly prestigious title.
The award recognises FAB’s expertise in leading landmark deals across loans, fixed income and equity, including work with Saudi Aramco on the world’s largest-ever IPO. It also especially acknowledges FAB’s innovation in the Environmental, Social, and Governance (ESG) field, where the bank is pioneering Green and Sustainable Development Goal (SDG) financing for MENA clients.
Additionally, the ‘Best Investment Bank in the UAE’ award is the third occasion in the past four years in which FAB has been bestowed with this accolade.
The bank was also recognised as the ‘Middle East’s Best Bank for Corporate Responsibility’, a just acknowledgement of the exceptional work FAB has implemented across various social progression initiatives.
André Sayegh, Group Chief Executive Officer, FAB, said: “We are delighted to accept these three awards and thank Euromoney for recognising our considerable achievements across the bank. FAB continues to impact the communities and markets we operate within, as we build on our existing commitment of supporting all our stakeholders particularly through these challenging times. Our bank has pioneered Green Finance in the regional banking sector and committed to work on climate-related issues, in addition to continually supporting our communities. These awards truly are a testament to the values and ethos that FAB lives by.”
Andy Cairns, Head of Global Corporate Finance, FAB, said: “We are grateful to be a repeat winner of these awards, recognising the many successful transactions FAB has led over the past year for our clients. ESG has been a significant focus for FAB, where we have been at the forefront of regional innovation, having led the MENA’s first Green bond, Green Sukuk and Green loan.”