The Project Finance International magazine has picked Arab Bank Group among the top regional and local banks for its competence in leading and managing large loans in the Middle East and North Africa (MENA) region.
Arab Bank was ranked 6th among international banks, while it topped the regional and local banks, according to the magazine's survey. It was recognized for leading and organizing loans with the Banks total share amounting to $615 million during the first half of the current year.
Arab Bank contributes continuously to financing projects in strategic and vital sectors, which are witnessing fast-paced growth, especially in the petrochemicals, energy and construction industries. Arab Bank is always keen on developing and diversifying its investment channels and meeting the increasing demand on large loans and loan support.
Arab Bank views MENA as the largest project financing market in the world, thanks to the exceptional economic boom in real estate, infrastructure and energy projects, which provide a variety of opportunities and challenges. Companies are pumping huge funds to increase their production capacity. This is particularly true in the fields of petrochemicals and electricity generation, where companies seek to develop their infrastructures, and so we find projects afoot to build airports, seaports and various real estate projects, which, in turn, provide a fertile soil for an increasing competition for funding sources.
Undoubtedly, Arab Bank's experiences extending for over 76 years and its high credit rankings have made it the best choice for the leading companies and institutions operating in MENA and in other countries to lead and manage large and long-term loans, especially since the bank applies internationally recognized standards of risk assessment and management related to projects.
