first domestic SAR sukuk issuance completed by BNP Paribas Investment Company KSA, for a domestic corporate client. The issue met with solid demand, helping the group support the construction and development of the King Abdulaziz International Airport in Jeddah.

Another important mandate was as financial advisor on the acquisition of a stake in Saudi Aerospace Engineering Industries Company (SAEI) by Tarabot Maintenance Company, highlighting the Bank s close ties to the Kingdom s leading companies and the breadth of its mergers and acquisitions experience. The deal saw SAEI granted exclusive rights to provide maintenance and related services to Saudi Arabian Airline s entire fleet.

BNP Paribas Investment Company KSA also acted that year as joint lead manager on a perpetual senior unsecured hybrid sukuk for consumer food producer, Almarai. The Bank proposed a tailored-made solution the region s first-ever corporate hybrid transaction and the first-ever corporate SAR perpetual sukuk issuance.

BNP PARIBAS FINANCING SAUDIA S NEW FLEET OF AIRCRAFT,

2010 (AL HAYAT)

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