Landmark deals recognized at Middle East’s 1st IPO Summit
March 01, 2006
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1st Middle East IPO Summit
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The Middle East’s first summit on initial public offerings (IPOs) provided the backdrop for the region’s inaugural “Deals of the Year” awards, presented by the internationally-renowned investment, retail and commercial banking magazine, The Banker.
The 1st Middle East IPO Summit, organised by the Institute for International Research (IIR), gathered more than 300 government and industry delegates from across the region in Dubai for a three-day summit to discuss issues and opportunities associated with IPOs. A highlight of the summit, which is taking place at the Al Murooj Rotana from February 25th-28th, was The Banker magazine’s glittering black tie awards ceremony at The Fairmont hotel – the first of its kind in the Middle East.
The seven projects identified by a panel of experts as the “Deals of the Year” came from a variety of Middle East markets, including the UAE, Oman, Qatar, Bahrain, Kuwait, Saudi Arabia and Egypt.
Following the format of The Banker’s prestigious international awards, now in its fourth year and covering a total of 52 countries, one winning deal was selected for each Middle East country and recognised at the Dubai awards ceremony. Winning deals were selected on the basis of their complexity, innovation and pricing performance, as well as their success in fulfilling clients’ objectives. The actual size of each deal was a factor, but of secondary importance – the quality of the deal was key.