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Advisers: Al Hilal Bank, Citi, Emirates NBD, HSBC, National Bank of Abu Dhabi, Standard Chartered, Allen & Overy, Linklaters
Being the only bank in the UAE owned outright by the government of Abu Dhabi, one of the richest states in the world, Al Hilal Bank’s additional tier-1 perpetual sukuk last year understandably attracted plenty of investor interest.
Set up in 2008 by the Abu Dhabi Investment Council and now with assets of more than $10 billion, Al Hilal enjoyed annual asset growth of more than 20% in the years following the Dubai property crash – a time when other UAE banks were retrenching.
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