Citi was recently named “Best Foreign Investment Bank in Bahrain” by EMEA Finance Magazine as part of the magazine's Middle East Banking Awards 2011.

Meanwhile, Bahrain's $750 million sukuk issue was chosen as “Best Sovereign Sukuk” in EMEA Finance Achievement Awards for 2011. Citi was a joint-lead manager of the sukuks.

EMEA Finance is a bimonthly publication that reports on the major financial events and happenings initiated and influenced by the international financial industry active in Europe, Middle East, and Africa.

According to EMEA Finance's criteria, “Awards recognize the leading banks across the Middle East that stand out among their peers, demonstrate leadership in their home markets, top the performance and deal-making tables both in individual countries and across the Middle East. The awards consider various performance and structural factors such as market share, growth in important product classes, and corporate strategy.”

"Since commencing operations in 1969, Citi has played a leading role in the economic development of the Kingdom," said Mazin Manna, CEO of Citi Bahrain.

“The awards are a testament to Citi’s capabilities and tailored financial solutions in support of our clients.” – TradeArabia News Service