10 Business Sunday, June 20, 2021 NBK Capital wins The Banker’s ‘Deal of the Year Award 2021’ Award in recognition of NBK’s $700 million securities issuance : NBK Capital, the leading investment rated Baa3 by Moody’s, and the transaction achieved ticated business model of the Firm, which puts clients management firm in the region and NBK Group’s a peak orderbook of $1.9 billion, translating to an of all segments at the center of its operations, while investment arm, has been awarded Deal of the Year - oversubscription of nearly 2.7-fold led by the robust simultaneously meeting all their financial and invest- Award 2021 by The Banker magazine demand of international investors, which had great ment needs. It is worth mentioning that The Banker’s owned by The Financial Times, the world’s leading impact in making the deal rank first among regional panel received hundreds of international submissions global business publication. The award comes in peers for this year. NBK Capital was appointed as a recognition that exemplifies the robust and sustain- for this year’s awards. They selected the winners recognition of the leading role of NBK Capital in joint Global Coordinator, a Joint Bookrunner and a able performance of the Firm in the local and region- based on specific criteria considering meeting clients’ successfully issuing $700 million Regulation S/Rule Joint Lead Manager. al markets despite the prevailing challenging eco- goals, the deal’s complexity, innovation, as well as the 144A Perpetual callable 6-year Tier 1 capital securi- Meanwhile, NBK Capital said in a statement, that nomic conditions.” added NBK Capital, indicating speed of implementation and pricing performance, ties for National Bank of Kuwait (NBK). The Banker’s Deal of the Year Award is yet another that this is yet another proof of the unique and lead- which confirms the transparent process in selecting The capital securities will support NBK’s endeav- testimony of the successful strategy aiming at creat- ing position of NBK Capital at all levels as a pioneer companies for the awards. NBK Capital is a leading ors towards further boosting its capital position and ing value-add investment opportunities for the Firm’s in the investment banking sector. advisor and arranger of securities in the region, enhancing its capital adequacy ratios in accordance investors, not to mention a reflection of the profes- The Firm added that the awards received from having advised on more than $24 billion of global and with Basel 3 accord and the instructions of the sionalism and efficiency of the Firm’s team. international institutions specialized in financial and local conventional and Islamic debt capital markets Central Bank of Kuwait. The Capital securities are “It’s a great honor to receive this international banking affairs are based on the accurate and sophis- mandates and restructuring assignments to date.

KFH’s Al-Roshood receives Turkey’s ambassador to Kuwait AUB congratulates KUWAIT: Acting Group Chief facility for constructing the new termi- Executive Officer at Kuwait Finance nal of Kuwait International Airport. This House (KFH) Abdulwahab Al-Roshood project is part of Kuwait’s development winners of received the Ambassador of The plan “New Kuwait Vision”. Republic of Turkey in Kuwait Ayse Hilal He explained “KFH offers a wide Al-Hassad draw Koytak and the accompanying range of trade and financing solutions Commercial Attache at the bank’s to investors in Kuwait and abroad. Our KUWAIT: In accordance with full preven- headquarters. KT Bank AG in Germany, which is the tive guidelines and measures set by health During the meeting, Al-Roshood reit- first participation bank in the Euro authorities, Ahli United Bank (AUB) held the erated the strong economic ties zone, plays a key role in facilitating weekly draw of 16 June 2021 of Al-Hassad between Kuwait and Turkey, indicating businesses by connecting Kuwait to Ambassador honoring Al-Roshood Islamic account which is the very first draw KFH plays a significant role as a strate- Turkey to Europe. KFH offers instant account in Islamic banking in Kuwait and gic partner in the Turkish economy and cross-border payments service to ben- has won the “Best Savings Product in the Islamic finance industry in Turkey eficiaries at KFH-Turkey using Ripple’s importantly, KFH- Turkey is employing a foreign demand and investments, which Kuwait 2019” by the prestigious Banker through KFH-Turkey. He added that technology. This service comes to serve huge number of Turkish people, which is is an indicator of balanced and healthy Middle East Magazine for the numerous KFH-Turkey, founded in 1989, is a clear- customers who want to perform instant a big contribution to Turkish labor mar- growth, and confirms the rapid recov- unique features it provides. Al-Hassad cut example of the cooperation in transfers to Turkey for personal ket. ery of Turkish economy from the global Islamic finance between Kuwait and expenses or investments.” Al-Roshood She added, during the meeting, “last turmoil caused by the pandemic. This Islamic account offers over 750 prizes, Turkey. KFH-Turkey, the largest partici- emphasized the importance of strength- year, the pandemic had a slight impact also highlights an enormous potential Over 12 Month Period and has reshaped the pation bank in Turkey, has huge network ening economic ties between Kuwait on our bilateral trade between Kuwait with many opportunities for greater lives of thousands lucky winners. of branches across Turkey, which makes and Turkey for achieving further pros- and Turkey”, indicating the Turkish cooperation between Turkey and The Bank announced 20 Winners of KD its accessible to huge perity and development. economy was one of the few Kuwait in all areas of the economy. 1,000 as follows: Ahmad Abdullah Al- population in Turkey. Meanwhile, HE Ambassador of The economies growing last year (1,8 per- Koytak said: “I believe we can succeed Failakawi, Sameer Najeeb Hanna, Shaker Al-Roshood pointed out that KFH Republic of Turkey in Kuwait Ayse Hilal cent growth rate) despite the negative not only a much higher bilateral trade Eissa Al-Buloushi, Mona Ahmad Sttarian, has participated in several major trans- Koytak said that KFH is one of the effects of global COVID-19 pandemic.” volume, but also more mutual invest- Abdullah Ragab Mohammed, Hassan actions to finance infrastructure proj- largest Kuwaiti investors in Turkey, indi- She pointed out that the Turkish ments. Since 2002, 225 billion USD for- Mohammad Al-Ansari, Khaled Mohammad ects in Kuwait and overseas. KFH has cating KFH’s subsidiary - KFH-Turkey economy continued to grow above mar- eign investment has been directed to Al-Dousari, Ahmad Eissa Al-Muqahwi, offered financing of Euro 200 million has reached an asset size of 153 billion ket expectations (7 percent growth Turkey. There are more than 300 com- Jujar Mulla Fakhruddin, Fawwaz Sultan Al- Credit facilities for Limak Insaat for the Turkish Lira and has 435 branches in rate) in the first quarter of this year, panies in Turkey having Kuwaiti farhan, Mohammad Yousef Al-Shuaib, Faisal construction of a bridge in Turkey, and Turkey in addition to its subsidiary KT noting of the 7 percent growth in the investors. Total investment of Khaled Awad, Baqer Darweesh Hasan, financing of KD124.6 million syndicated Bank AG’s 5 branches in Germany. More first quarter, 56 percent came from net Kuwaitis reached $2 billion.” Khalid Salim Abdullah, Fatemah Mohammad Al-Shammari, Lafi Saad Al- Hatlani, Yousef Ahmed Al-Mailam, Ghaliah AVEVA hosts Khaled Al-Marzouq, Muhalli Mashi Al- Lebanon leaders Dhafeeri and Abrar Hasan Abbas. The draws of Al-Hassad include several word digital cash prizes, such as KD 100,000 each Eid may face sanctions and the grand quarterly draw of KD 250,000 conference prize which continues to be a key aspiration unless crisis solved for customers who are wishing to fulfill their dreams. Al-Hassad offers 20 weekly prizes of BEIRUT: EU foreign policy chief Josep Borrell DUBAI: AVEVA, a global leader in industrial software, driving digital transformation and sustainability, hosted its KD 1,000 for each winner. In addition to this warned yesterday that Lebanese leaders could face attractive package of rewards, Al-Hassad sanctions unless they pull the country away from fourth AVEVA World Digital (AWD) conference on June 17, 2021. Aimed at leaders and decision makers interested Islamic account incorporates a Wakala con- financial collapse and strike a deal with the IMF. Peter Herweck Lisa Johnston tract for projected annual profits, making this Lebanon is facing what the World Bank has in innovative industrial technology, to deliver digital trans- account beneficial to all customer segments described as one of the world’s worst economic formation and strengthen resilience in a challenging envi- (IIoT) continue to drive crises since the 1850s. ronment, this was the first joint AVEVA and PI System that are aspiring to build their short and operational resilience in a digital-first environment. Today, A political crisis has left the country without a event since the company acquired OSIsoft earlier this year. long-term savings through a unique savings AVEVA’s software is enabling organizations, throughout functioning government since the last once AWD, a half-day event, explored how data-led insights account with many advantages. the globe, to harness greater efficiencies, increase agility resigned after a massive explosion killed dozens infused with artificial intelligence could help organizations Furthermore, for the first time in Kuwait, and accelerate growth - all key factors in also advancing and destroyed swathes of Beirut in August 2020. optimize their value chains for long-term business growth. the AUB Al-Hassad presents the “Privilege sustainability for industries.” Speaking in Beirut after talks with Lebanese AVEVA’s recently appointed CEO, Peter Herweck, kicked Draw”, which is a quarterly draw of KD Other keynote speakers included a mix of AVEVA and President Michel Aoun, Borrell said he had “a mes- off proceedings with a session that laid out how perform- 25,000 exclusively for Al-Hassad customers former OSIsoft speakers - Lisa Johnston, Chief Marketing sage of firmness to all Lebanese political leaders ance intelligence, the concept developed by AVEVA to who maintained their balances for more than Officer and Chief Sustainability Officer, AVEVA, Norton on behalf of the EU”. explain the outcome of combining information, artificial one year and have not won a prize in the Green, Director of Executive Engagements, AVEVA; Rob “The crisis Lebanon is facing is a domestic cri- intelligence and human insight. Also, in the presenter line-up past five years. McGreevy, Executive Vice President of Operations sis, is a self-imposed crisis, not a crisis coming from will be Nicole Malachowski, the first female United States For all draws, the clients are eligible for Business, AVEVA and Ronan de Hooge, Head of abroad or from external factors,” he said. “The Air Force fighter pilot to be part of the elite Thunderbirds one draw chance for each KD 50 deposited Information Management Business Unit, AVEVA. A cus- Lebanese leadership must take its responsibility... a squadron, who addressed resilience and innovation by in their Al-Hassad account. It is worth men- speaking from her own debilitating experience with Lyme tomer panel session comprising AVEVA and heritage government must be formed and key reforms tioning that Al-Hassad Islamic account has Disease. Having lost the ability to read, write, walk, and fly, OSIsoft customers, including Enbridge, Nutrien and implemented immediately.” won the “Best Savings Product in Kuwait The EU’s foreign policy chief said the bloc was the one-time advisor to former US First Lady Michelle General Mills, ended proceedings. AVEVA is a global Obama tapped into her aerodynamic training bounce back - leader in industrial software, driving digital transformation 2019” by the prestigious Banker Middle East willing to help Lebanon engage in reforms but only Magazine for the numerous unique features after a deal is struck with the International a secret she shared with AWD attendees. and sustainability. By connecting the power of information “I am looking forward to virtually engaging our cus- and artificial intelligence with human insight, AVEVA it provides. Such features include the sim- Monetary Fund. “Only an urgent agreement with plest and easiest program, highest number of IMF will rescue the country from a financial col- tomers and partners at my first AVEVA World Digital as enables teams to use their data to unlock new value. We winners, largest prize value, unique draws lapse... and there is no time to waste,” he said. “You the company CEO and the first for former OSIsoft cus- call this Performance Intelligence. are on the edge of a financial collapse.” tomers. Over the past year, digital transformation has AVEVA’s comprehensive portfolio enables more than during Eid Al-Fitr and Eid Al-Adha, loyalty But Borrell added that should “further obstruc- demonstrated how trusted data and artificial intelligence 20,000 industrial enterprises to engineer smarter, oper- multipliers, unique online account opening tions to solutions” emerge, the EU “will have to can reshape the future of industries, as well as create new ate better and drive sustainable efficiency. AVEVA sup- feature, transparent draws held during radio consider other courses of action as some member experiences and business opportunities,” commented ports customers through a trusted ecosystem that shows with live broadcast on the Bank’s states have proposed”. — AFP Peter Herweck, CEO, AVEVA prior to the event. “We have includes 5,500 partners and 5,700 certified developers social media platforms. witnessed how Cloud, and the Industrial Internet of Things around the world.

monthly draws. ABK launches Johair Marafi, Africell vows ABK’s Acting General Manager rewarding - Retail Banking to ‘shake up’ said: “It’s Bigger summer campaign This Summer Angola market with ABK reaf- KUWAIT: Al-Ahli Bank of Kuwait (ABK) firms our com- JOHANNESBURG: US-owned mobile network operator cardholders now have a chance to win a mitment to Africell, the first wholly foreign-owned operator licensed to stay in a Family Suite with breakfast for 4 enhancing our provide mobile services in oil-rich Angola, has vowed to adults at Hilton Garden Inn - The Avenues, customers’ expe- Johair Marafi shake up the “overly cosy” market there. The company had and enjoy KD 500 cashback with the rience by provid- finalized a deal with the Angolan government in February to in key government and business positions. Bank’s latest campaign, ‘It’s Bigger This ing exclusive per- join three other mobile phone companies already operating Lourenco came into office on promises to transform the Summer with ABK’. All existing ABK sonalized offerings, rewarding value in the southwest African country. oil-dependent economy. Transformation will require “bring- Credit and Prepaid cardholders will be propositions and shopping experiences Angola’s telecommunications market is dominated by ing in an outsider that shakes up a bit of the overly cosy entered into the draw automatically when with added-value. With the current travel Unitel, a private operator long led by the country’s first business environment,” Africell non-executive director Peter spending a minimum of KD 500 locally or restrictions, we felt it was appropriate to daughter Isabel dos Santos. Accused of graft, she resigned Pham said Friday. Opening the tender to international play- internationally. The campaign will run for choose a relaxing environment such as from the company’s board of directors in August last year, ers helped break “some of the monopolistic tendencies” that three months from 10th June to 9th Hilton Garden Inn, where there is an citing a “climate of permanent conflict”. took hold “under the previous regime”. September 2021, and allows 30 eligible opportunity for the winners to enjoy a President Joao Lourenco-who took office in 2017 — has For Africell, moving into Angola is a “once-in-a-genera- customers to earn one draw point for every weekend break, while also having one of launched a bid to recover Angola from 37 years of alleged tion opportunity... to get into a market that has been closed KD 10 spent locally and three draw points the largest shopping malls in the region corruption and nepotism under his predecessor, Jose for so long,” he said. Africell currently operates telecommu- spent internationally. Winners will not be attached to the hotel, with ample entertain- Eduardo dos Santos. nications networks in the Democratic Republic of Congo, eligible to participate in consecutive ment available.” Dos Santos was accused of placing cronies and relatives Sierra Leone, the Gambia and Uganda. — AFP