The Sabic Sukuk deal has been named “Sukuk Deal of the Year” and “Saudi Arabian Deal of the Year” by Islamic Finance News.

The awards were presented to Sabic, as Issuer; and HSBC, as Lead Manager, at an awards ceremony in Dubai.
All the awards nominated were assessed along specific criteria and had to emphasis the rationale for nomination.
The Sabic Sukuk was awarded in two categories for being a landmark transaction in a rising market; it gave the market a profitable and fixed income alternative to equity market investments.
 Also, by carrying out the transaction, Sabic and its advisors took the lead in educating the local market about capital market instruments, and with the assistance of the regulatory bodies, set the groundwork for all subsequent Saudi instruments.