CitiBank Capabilities,Pre-Eminent UAE Franchise in UAE

Citi has been present in the Middle East for more than 50 years primarily through Citibank. The bank is directly represented in main markets, including the UAE, Egypt, Qatar, Kuwait, Jordan, Bahrain, Lebanon, Algeria, Tunisia and Morocco. It has more than 30 branches and offices in the region. Across the region, the bank offers a range of corporate finance services, including securitization, project & structured trade finance, syndication and advisory.

In 2006, Citi opened its regional Middle East office at Dubai International Financial Centre (DIFC) following approval by the Dubai Financial Services Authority to operate as an authorized firm at the DIFC in mid 2006. Today, the DIFC houses Citi’s Middle East Division management, Investment Banking and Equity businesses in the MENA region along with Islamic Banking and non-UAE regional banking businesses. In 2007, the bank established a dedicated MENA-level equity research team covering major sectors (banks, construction, telecom) operating out of the DIFC.

UAE Capabilities

• 48-year presence in UAE (since 1964)
• Five branches; 10 financial centers
• 54 ATM locations
• A major player in UAE’s credit card market
• A leading provider of banking, wealth management and consumer credit services
• Full suite of corporate and commercial banking products:
  • Cash management
  • Trade finance and services
  • Foreign exchange and hedging
  • Corporate finance, investment banking, advisory

Pre-Eminent UAE Franchise

• Dedicated team of bankers based at the Dubai Financial Center covering the Government, top tier corporates and multinational institutions
• Unique regional platform, combining global product and coverage capabilities with local knowledge and the ability to execute both local and international transactions
• Long-standing commitment to the UAE
• Leading capabilities across corporate and investment banking, debt and equity capital markets
• Strong understanding of local regulatory environment and efficient coordination with all parties involved in the transaction
• Full support from Citi’s senior management who will provide continuous oversight of the team’s performance throughout the transaction

Executed Landmark Transactions (2010-2012)

• Sole Bookrunner for the transaction in which Dubai Financial Group (part of Dubai Holding) sold down 6.5 percent of EFG-Hermes, bringing their holding down to 18.1 percent
• Joint bookrunner for First Gulf Bank’s debut international bond offering under its EMTN Program
• Joint Bookrunner to RasGas on its US$2.2 billion dual-tranche 144A/RegS Bond Issue
• Global Coordinator and Bookrunner on the first American corporate Sukuk (GE)
• Joint Lead Arranger and Bookrunner: DEWA: US$ 870 million Sukuk
• Sole Bookrunner: Al Faisal Holding Company: US$ 850 million syndication

In the last few years, Citi has consistently ranked as the premier choice for cash management and trade services, foreign exchange products, portfolio products, capital markets primary and secondary, Corporate Finance, investment management and custody services in more markets in the Middle East than any other bank according to industry surveys.

Citi has led in the development of the banking markets in the region and continues to leverage its global banking expertise to offer its customers a comprehensive suite of products and service.