By Diana Milne
Barclays Capital ranks as the number one underwriter, with a 23% market share according to Bloomberg.
Barclays Capital, the investment banking arm of Barclays Bank PLC and one of the leading investment banks in the Middle East, has ranked number one in the Islamic bonds Underwriter League Table with 23% market share according to the Bloomberg 2007 Q1 European Fixed Income Rankings.
Cyrus Ardalan, Vice Chairman and Head of Middle East, Central Europe, Russia and North Africa Investment Banking at Barclays Capital, commented: "Building up our Middle East franchise has been one of Barclays Capital's key objectives over the past year. We have significantly expanded our investment banking and sales team in line with our strategy and by bringing in the best talent to work with our Middle East clients, including the development of the leading platform for Islamic Finance."
"These rankings reflect these achievements and the fact that Barclays Capital was hired to be involved in such a significant number of landmark transactions in the Middle East."
Barclays Capital is the investment banking division of Barclays Bank PLC. It provides large corporate, government and institutional clients with solutions to their financing and risk management needs. Barclays Capital has offices in 26 countries and employs over 10,500 people worldwide.
In the Middle East, Barclays Capital is licensed to operate from the Dubai International Financial Centre (DIFC) and the Qatar Financial Centre (QFC). Since spring 2004, Barclays Capital has significantly expanded the resources devoted to the Middle East, bringing the firm's expertise in debt financing and risk management to the region. The Barclays Capital team in the Middle East & North Africa region is headed by Cyrus Ardalan, Vice Chairman.