Almarai clinches top spot with Best Corporate Sukuk Award
In a dazzling display of financial prowess, Almarai has emerged victorious, claiming the prestigious Best Corporate Sukuk award for its groundbreaking $750 million international sukuk deal executed in July 2023.
The highly coveted award was bestowed upon Almarai at the illustrious Assets Triple A Islamic Finance Awards ceremony, held on October 8, 2024, at the opulent St. Regis Hotel in Kuala Lumpur, Malaysia.
Renowned as a pinnacle of excellence in the global finance arena, the Asset Triple A Islamic Finance Awards serve as a beacon of recognition for exceptional Islamic banks and transformative transactions on a global scale.
Selection of awardees is a meticulous process, combining rigorous quantitative analysis and qualitative assessments to identify and celebrate the premier Islamic institutions and groundbreaking transactions spanning diverse regions and industries.
Noteworthy is the fact that Almarai stands as the largest vertically integrated dairy company worldwide, dominating the production and distribution of food and beverages across the Middle East, with its reach extending to the Arabian Gulf, Egypt, and Jordan through a vast and unparalleled transportation fleet in the region.
The masterminds behind Almarai’s triumphant Sukuk endeavor include Danko Maras, the astute CFO; Ikram UlHaque, the visionary Head of Finance; Imtiyaz Shaikh, the meticulous Assistant Treasurer; Mansour Alwetaid, the seasoned Senior Legal Counsel; and Junje Floron, the adept Treasury Manager.
