ADIB Wins Seatrade Maritime Finance for Shipping Award

Abu Dhabi, 13 November 2014: Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, has been named the winner of the "Seatrade Maritime Finance for Shipping Award".

The Seatrade Maritime Awards recognizes the achievements and exceptional contributions made by institutions to the region's maritime and shipping industry. The Finance for Shipping Award was assessed by comparing the financial options that were offered by each bank as well as its policies, advisory services and overall financial performance.

ADIB has established a Specialized Financing Unit focused on structured shipping, marine and other asset finance classes, with a view to the establishment of regional market leadership in regard to this type of financing and in order to build on opportunities presented by the Bank's strong balance sheet / liquidity position.

In the last 2 years ADIB through its specialized finance unit has structured and arranged facilities for shipping / offshore clients across various sectors ranging from tankers to offshore supply and specialist subsea construction vessels. Landmark marine transactions include GMS, NPCC, Maridive offshore sercices, Akron and Zakher Marine. These transactions include a AED 1.32 billion syndicated Sharia'a compliant facility for Abu Dhabi-based Gulf Marine Services (GMS).

Commenting on the award, Arif Usmani, Global Head of Wholesale Banking at ADIB, said:
"This award underscores the bank's contribution to the growth of the maritime sector and dedication in serving those customers. ADIB facilitated a number of major deals which helped us maintain our industry leadership and broaden the appeal of Sharia'a compliant banking products and services. We have built a world-class Corporate Finance and Investment Banking business which is equipped to deliver customized financial solutions for our clients. This is what has enabled us to become one of the best Islamic investment banks in the region."

ADIB is among the fastest growing Islamic banks in the region which has so far won more than 23 industry awards this year including Straight Through Processing (STP) Excellence Award, Best Islamic Bank in the UAE by Global Finance Magazine and Best Islamic Bank in the Middle East by The Banker Magazine.

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