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Middle East’s best investment bank 2021: Citi

Citi stands head and shoulders above the competition in Middle East investment banking. The US bank ranked number one in M&A, completing $53.3 billion worth of deals across the awards period, according to Dealogic. It also topped the equity capital market tables, completing 18 deals worth a combined $2.33 billion. It led the way in Saudi Arabia, the UAE and Israel, completing several deals that matter deeply to a region keen to wean itself off oil and gas, and to create truly diversified economies.

A number of deals stand out. Citi was joint bookrunner when HSBC increased its stake in Saudi British Bank in December 2020 via an accelerated book-build and lead left bookrunner on Zim Integrated Shipping’s $218 million New York IPO a month later.

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