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Accolade for Citi

Adam Key, Equity Capital Markets Head for Middle East and North Africa, receiving the award

In recognition of its continued leadership of regional capital markets transactions, Euromoney Magazine recently named Citi the “Best Equity House in the Middle East”. The regional award was part of Euromoney’s 2010 Awards for Excellence, considered to be among the most respected global awards for banking excellence.

During 2009, a difficult year for local and regional capital markets, Citi led the most significant equity transactions in the Middle East such as: The accelerated offering of part of Dubai Holding’s stake in EFG Hermes in December 2009 and The Orascom Telecom rights issue, the second largest equity offering in Egyptian capital market history, which raised $800m.

Atiq Ur Rehman, chief executive officer for the Middle East division at Citi, based in the UAE, said, “The award speaks volumes for our efforts last year as we were able to customise financial solutions that met the complex needs of our sophisticated clients, from ground-breaking acquisitions to accessing international as well as regional and local capital markets.”

Citi has been in the Arab World for nearly 50 years and views the region as critical to its global franchise.

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