Ubhar Capital, also known as U Capital, with assets and custody under management worth US$1.3bn, has been awarded ‘Best Brokerage Excellence Award Oman’ and ‘Best Investment Bank of the Year Oman’ for 2020 by International Business Magazine (IBM).
International Business Magazine has chosen U Capital based on a number of criteria including but not limited to number and volume of transactions, services and advisory provided, value-added services, innovation, pricing and reputation in the market etc.
In a press statement, Anwar al Jabri, chairman of U Capital said, “We are grateful to be recognised with two prestigious titles by International Business Magazine as they are considered one of the most important benchmarks for key financial services companies in the region. This coveted recognition is a testament to the ability and efficiency of the U Capital team to offer customised financial advisory services that provide our growing network of top-tier clients with innovative, tailored solutions that promote and sustain capital growth.”
Jabri added that these awards come as a result of U Capital’s successful completion of several investment banking transactions this and last year despite the challenges raised by COVID-19 pandemic and low oil prices.
Lo’ai Bataineh, CEO at U Capital said, “This award is an evidence to our continuous growth and unrivalled dedication of the U Capital team to meet all clients’ requirements. This recognition underlines the leading position of U Capital’s investment banking expertise locally and regionally in advising clients across the full range of investment banking services including financing advisory, debt capital markets, equity capital markets, M&A advisory, brokerage and research, custodial and other advisory services.”
Bataineh further added that U Capital’s investment banking team has raised more than US$7.5bn for various companies in the last 15 years.
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