HSBC has been recognised by The Banker magazine for nine of their ‘Deals of the Year 2022’ in the Middle East region. The deals, which covered bonds, group financing, Islamic finance, sustainable finance, M&A, loans and restructuring were drawn from across the region, and clients included Saudi Aramco, NBK, Qatar Energy, EIG and Apicorp. This year saw HSBC’s recognised deals increase from six to nine, and included Qatar Energy’s $12.5bn triple tranche bond, for which the bank was active joint bookrunner. In Saudi Arabia, HSBC is a 31% shareholder of Saudi British Bank (SABB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$71bn as at 31 December 2021.

Source: The North Africa Journal June 22, 2022 21:27 UTC