Capital Management House named Leader in Aviation at Annual Arab Achievement Awards

Capital Management House (CMH), the Bahrain based investment bank, today announced that it has been awarded Leader in Aviation by the Arab Achievement Awards held at the 2^nd Annual Arab Investment Summit in Abu Dhabi on the 23^rd and 24^th of May 2011. The awards, which are presented in a number of categories, recognize the excellence of top-tier regional companies and institutions in diverse sectors as well as innovative projects and transactions originated by companies and which have had a positive impact on the development and enhancement of the Arab region.  

CMH was selected for the honour from among four competing institutions in the Aviation category. The award, which was presented by H.E. Obaid Al Noaimi  and H.E Juma Mohammed Al Kait, Assistant Undersecretary, Ministry of Foreign Trade of the UAE, was in recognition of a recent aviation transaction structured by the Bank. The deal comprised of CMH, in partnership with Novus Aviation and Muzun Partner Ltd., acquiring a Boeing 777-200ER airliner from Emirates and leasing back the aircraft, for a fixed six year-term, to the airline, which is one of the world’s leading and fastest growing carriers today. As a result of its sound structuring of the transaction and effective management of the aircraft asset, CMH has already made the first distribution of dividends, calculated at 10 percent per annum, to investors who participated in this deal through an aircraft leasing investment fund established by the Bank.

Commenting on the occasion, Mr. Khalid M. Najibi, Managing Director of CMH, said: “We are delighted with this honour and recognition by the Arab Achievement Awards of CMH’s ongoing efforts and success in developing unique and innovative opportunities for investors in sectors and asset classes that have great potential but which have historically been difficult for Shari’a investors to access. Aviation is one such area and we are pleased to have concluded this transaction, which has shown already to be a sound opportunity and stable source of income for investors. In addition to aviation, CMH has been highly successful in executing transactions in other promising sectors which support the growth of the region and simultaneously create investment opportunities capable of providing for strong returns and significant upside potential.”

CMH is particularly active in sectors that are of fundamental importance to the development of the region’s economies and the Bank has made substantial investments in sectors including: Transportation, Infrastructure, Energy, Power, Financial Services, Real Estate and Capital Markets.