Almarai succeeded in earning the Corporate Bond Deal of the Year Award for its remarkable US$750 million international sukuk issued in July 2023. The award was presented at the Capital Markets & ESG Finance Saudi Arabia Awards on February 6, 2024, at Riyadh’s Fairmont Hotel, attended by Almarai’s lead Sukuk preparation team.

Of the people who attended were, Danko Maras, CFO; Ikram UlHaque, Head of Finance; Imtiyaz Shaikh, Assistant Treasurer; Mansour Alwetaid, Senior Legal Counsel; and Junje Floron, Treasury Manager, who collectively received the award.

The GFC Media Group, established in 2009 as a specialized financial conference focusing on the Middle East, serves as a platform for discussions related to bond and sukuk markets. Connecting with investors and bankers globally, it covers markets in Latin America, Turkey, the Middle East, and Africa. GFC Media conducts various award ceremonies in different regions, which include the Capital Markets and ESG Finance Awards in Saudi Arabia.

Almarai, the biggest vertically integrated dairy company globally, is also the largest producer and distributor of food and beverages in the Middle East. Its extensive product reach spans the countries of the Arabian Gulf, Egypt, and Jordan, facilitated by the region’s largest transportation fleet. This award also further shows Almarai’s commitment to excellence and innovation in corporate finance.