| Global Awards for Excellence | ||
| Outstanding Contribution to Financial Services in the Middle East | ||
| Bahrain | Egypt | Iran |
| Jordan | Kuwait | Lebanon |
| Oman | Qatar | Saudi Arabia |
| UAE | ||
 |
Best bank and best equity house: Samba Best debt house: HSBC Saudi Arabia Best M&A house: Citi
|
Perhaps the most exciting story in Saudi banking is Al Rajhi’s conversion from an Islamic retail operation to a wholesale financial institution with corporate and investment banking added to its armoury. The decision to develop the wholesale banking business has not been taken lightly: it has taken Al Rajhi almost 50 years to change its model.
Already it has started to win business, especially in project finance and corporate lending.
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