At a lavish ceremony on January 30 2017 in Dubai, DP World were honoured with a number of prestigious awards.
The event known formally as the 2016 ‘Bonds, Loans & Sukuk Middle East Awards’, is organised by the GFC Media Group and is the only ceremony that recognises and celebrates the best performers in the Middle East.
DP World first received the ‘Deal of the Year 2016’ and ‘UAE Deal of the Year 2016’ awards from the Islamic Finance News (IFN). These awards recognised the USD 1.2 billion 3.908% 7-year Sukuk bond that occurred in May 2016.
IFN, the world’s leading Islamic Finance News Provider, stated that the DP World Sukuk was the ‘Deal of the Year’, managing to beat nearly 40 other nominations. The Sukuk was commended for bringing new concepts into an established market with the first ever use of TEUs (twenty-foot equivalent units) containers as the underlying asset.
IFN also named DP World as the flagship business of the Emirate of Dubai and recognised further milestones of DP World’s Sukuk including the largest GCC corporate Sukuk tranche since 2014, the largest Central Eastern Europe Middle East and Africa (CEEMEA) corporate international debt issuance over the past 12 months and the largest non-public sector Sukuk issuance out of CEEMEA since 2015.
DP World was also awarded the ‘Investment Grade Bond/Sukuk Deal of the Year’ at the 2016 Bonds, Loans & Sukuk Middle East Awards in December in Dubai. The award was voted by a panel of the most influential international investors in the banking and finance industry who collectively have over 1,000 years of relevant experience.
Commenting on the achievements, DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem said, “We are delighted with these coveted awards, which show that the international financial community continues to recognise our pioneering efforts in the region’s capital markets. I look forward to their continued support of our business in particular the strong demand for our Sukuk, which is a clear sign of the economic fundamentals of Dubai and the UAE and the positive outlook on DP World’s growth trajectory. On the back of the new Sukuk, we completed the first tender offer of its kind in the region and continue to set new benchmarks to further develop the Sukuk market and position Dubai as the capital of the Islamic economy globally.”
DP World has also creating a short film titled ‘Creating Value, Expanding Horizons’ that celebrates the company’s achievements in 2016, as well as looking forward to the future. Watch it below.