In 2005, the Bank deepened its relationship with Saudi Aramco, being appointed by the oil and gas giant as lead arranger, alongside three other international banks, for a large syndicated loan. A similar mandate followed in 2007 for the financing of the Marafiq Independent Water & Power Project (IWPP).

In June 2007, BNP Paribas, through the Riyadh branch, became the first international bank to issue a Saudi riyal-denominated domestic public bond in the Kingdom. The deal made a large envelope of local currency available to BNP Paribas to provide for local clients SAR financing needs.

In 2008, the Bank was appointed financial advisor and subsequently the lead arranger for the financing of a project for Saudi Kayan to construct a vertically integrated petrochemical complex.

Meanwhile, BNP Paribas participated in a financing deal for the extension of a large petrochemical plant in Jubail, sponsored by the Saudi Chevron Phillips Company, one of the biggest petrochemical projects in the country. BNP Paribas was appointed as one of the mandated lead arrangers for the financing, lead arranger for the commercial facility, and facility agent for the US-Exim facility.

In 2009, the Bank was named joint lead book runner for the Islamic Development Bank s five-year Sukuk under its Trust Certificate Issuance Programme.

Expanding upon its strong relationship in December 2010, the Bank participated as book runner in the implementation of a credit line for strategic client, Saudi Aramco. The following year, the Bank acted as arranger for the financing of an airport expansion project for the Saudi Binladen Group, alongside 12 other banks.

Another landmark deal was a Saudi Arabian Riyal (SAR) bond issuance by a Korean Bank in 2012, for which BNP Paribas Investment Company KSA acted as lead manager. Entirely placed with investors in the Kingdom of Saudi Arabia, the issue marked a culmination of the Bank s Bridge to Korea initiative, which aims to build connections between Korea and the Middle East. As the first SAR-denominated bond to be brought to the market by a non-Saudi Arabia based institution and the Korean bank first such exercise in the region, BNP Paribas Investment Company KSA worked closely with the client to formulate a strategy that ensured the issue targeted and captured the most cost-effective liquidity.

BNP Paribas also acted as joint book runner and lead manager on a sukuk issued by the Islamic Development Bank (IDB), highlighting both the Bank s enduring relationship with the multilateral lender and its track record with sovereign and supranational Sharia- compliant issuers.

The Bank continued to build on its ties with long-standing clients in 2013, acting as book runner and joint lead manager on a sukuk al-murabaha for Saudi Binladen Group the

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