Project finance: NBAD expands global presence

The National Bank of Abu Dhabi (NBAD) has won the Best Project Finance/Infrastructure Bank Award in the Banker Middle East Industry 2013 Awards.
The award recognized NBAD as the pre-eminent institution in project financing transactions, as evidenced by NBAD’s closing numerous transactions with its commitments totaling AED 4.6 billion so far in 2013, and AED 2.6 billion in 2012.
Moreover, NBAD has become an international player in the industry.
NBAD has originated transaction in Qatar, Turkey, and Saudi Arabia this year.
“NBAD has been the principal financier of major infrastructure projects in Abu Dhabi and the UAE; the bank has a reputation as both a premier financial institution and a company that is committed to the goals and vision of Abu Dhabi Vision 2030. Moreover, NBAD is emerging as an international player outside the Arab world,” says Mark Yassin, senior general manager of Global Banking of NBAD.
“NBAD’s project financing successes is a result of our deep understanding of GCC, Arab markets and beyond,” says Yassin.
“We enjoy a unique position because our team compliments expertise with experience and profound networks. NBAD identifies what is achievable in financial markets and accurately structures tenors, pricing and other parameters,” said Yassin.
NBAD’s project finance unit has already closed 8 new deals so far in 2013 with its commitments totaling AED 4.6 billion, including Initial Mandated Lead Arranger /Bookrunner roles for the $ 1.28 billion Etihad Rail project, $ 3.4bn Emirates Aluminum (EMAL) expansion, and $ 90 million and EUR 30 million AK Lease financing in Turkey, as well as mandated lead arrangers roles for the $ 1.1 billion Sadara chemical project in the Kingdom, and $ 2.5bn Aabar Investment financing.