Unicorn Named Best Investment Bank in Bahrain
MANAMA, Bahrain--(BUSINESS WIRE)--Unicorn Investment Bank (Unicorn), the Bahrain-based financial services group, has been named the Best Investment Bank in Bahrain by international business magazine, Global Finance. The award was presented to Unicorn at a ceremony held on the sidelines of the International Monetary Fund (IMF) and World Bank meetings currently being held in Istanbul.
Global Finance editors, with input from industry experts, used a series of criteria to arrive at their selections. These included market share, number and size of deals, service and advice, structuring capabilities, distribution network, efforts to address market conditions, innovation, pricing, and after-market performance of underwritings.
Commenting on the awards, the editors of Global Finance said: “The time has come again, more than two years after the credit crunch first hit, to recognize those financial institutions that continue to provide outstanding services to their clients amid the turmoil in the financial world. The winners are not necessarily the biggest banks, but rather the best banks – the ones that corporations around the world should consider when looking for a financial adviser to meet their investment banking needs.”
Headquartered in Bahrain, Unicorn Investment Bank operates subsidiaries in the United States, Malaysia, Turkey and Saudi Arabia (through its majority shareholding in Unicorn Capital Saudi Arabia). The Bank is also a major shareholder in Dawood Islamic Bank, Pakistan. Unicorn has completed several landmark transactions since its inception, including the establishment of T’azur, a regional Takaful company; the acquisition of Bahrain Financing Company, the oldest and one of the leading foreign exchange and remittance houses in the GCC; and the successful launch of the Strategic Acquisition Fund, a US$1 billion fund to acquire strategic stakes in commercial banks globally. The Bank has achieved consistent growth since its inception and has received widespread industry recognition for excellence and vision.
Source: ME Newswire
NOTES TO EDITORS:
ABOUT UNICORN INVESTMENT BANK B.S.C. (c)
Founded in May 2004 and based in Bahrain, Unicorn Investment Bank B.S.C. (c) (Unicorn) is an Islamic investment bank, with an international presence in the United States, Malaysia, Turkey and Saudi Arabia (through its majority shareholding in Unicorn Capital Saudi Arabia). Unicorn is built around six core business lines: Corporate Finance, Capital Markets, Private Equity, Asset Management & Real Estate, Strategic Mergers & Acquisitions and Treasury. To date, Unicorn has advised, structured and successfully placed deals with a total value of approximately US$4 billion. The Bank has achieved consistent growth since its inception and has received widespread industry recognition for excellence and vision.