Accenture graduates first cohort from Capability Hub in KSA

The graduation ceremony was attended by Ibrahim Almubarak, assistant minister of investment of Saudi Arabia.
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Updated 12 May 2024
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Accenture graduates first cohort from Capability Hub in KSA

Global professional services company Accenture recently celebrated a significant milestone with the graduation of the first cohort from its Accenture Capability Hub in Riyadh. This achievement, witnessed by Ibrahim Almubarak, assistant minister of investment of Saudi Arabia, and Abdulrahman Abdullah Al-Marwani, vice governor assistant for training and quality policies and general director of private training at the Technical and Vocational Training Corporation, marks a promising step toward upskilling Saudi talent.

The hub currently offers a rigorous multi-track training program accredited and exclusive to Accenture employees, covering various areas such as security, cloud, data, artificial intelligence, and change management. It is the first step toward launching Accenture LearnVantage Academy Saudi Arabia, which will offer comprehensive technology education and training services to businesses and organizations in the Kingdom, allowing them to reskill and upskill their employees and help them reinvent their organizations and achieve greater business value.

“Accenture’s headquarters in King Abdullah Financial District, together with the Accenture Capability Hub, demonstrate the company’s commitment to Saudi Arabia and forging deeper relationships with local business communities,” a statement said.

Omar Boulos, Accenture’s Middle East market unit lead, said: “Establishing an educational infrastructure in Saudi Arabia marks significant steps toward strengthening Accenture’s presence in this dynamic market. We firmly believe that Saudi Arabia’s ambitious Vision 2030 provides an ideal framework for us to contribute our extensive knowledge and capabilities to help empower the Kingdom’s young generation.”

Accenture helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services. The talent- and innovation-led company with approximately 742,000 people serves clients in more than 120 countries.


GIB Capital strengthens regional leadership with $2.1bn ICM transactions

Updated 15 December 2025
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GIB Capital strengthens regional leadership with $2.1bn ICM transactions

GIB Capital, one of the region’s leading financial and investment banking advisers, has announced the successful execution of three major international capital markets transactions in November, underscoring the firm’s growing influence and distribution strength across global debt markets.

In a single month, GIB Capital acted in joint lead manager roles across three landmark issuances — supporting clients in the banking, aviation and government sectors — and attracting an aggregate of more than $4.6 billion in investor demand from the Middle East, Europe, Asia, the UK and the US. These transactions, which collectively raised over $2.1 billion, further demonstrate the confidence international investors place in GCC issuers and the strategic value GIB Capital brings to each mandate.

The firm began the month by serving as joint global coordinator, joint lead manager and bookrunner on the inaugural ICM issuance for GIB — Saudi Arabia. The $500 million perpetual non-call 5.5-year additional Tier 1 instrument was priced on Nov. 5 and generated an impressive $1.3 billion in orders, achieving a 2.6-times oversubscribed orderbook. The strong participation from regional, UK, Asian and European investors reflect the bank’s robust credit fundamentals and GIB Capital’s ability to deliver global reach for its clients.

On the same day, GIB Capital also acted as joint lead manager and bookrunner for AviLease’s first-ever ICM transaction — an $850 million bond offering that attracted exceptionally strong interest, closing in at over 3.7 times oversubscribed orderbook. The transaction drew participation from a diverse pool of regional, US, UK, European and Asian investors, highlighting the appeal to Saudi Arabia’s fastest-growing aviation leasing company. 

Further reinforcing its leadership in Islamic finance, GIB Capital concluded the month as joint lead manager and bookrunner on the government of Sharjah’s $750 million sukuk issuance, priced on Nov. 18. The transaction secured $2 billion in orders, representing a 2.6-times oversubscribed orderbook, with interest coming primarily from regional, UK and European accounts. This issuance marked government of Sharjah’s first US dollar public issuance in 2025 and benefited from strong investor confidence toward Sharjah’s credit story and in GIB Capital’s advisory expertise.

Commenting on the milestone month, Osamah Mohammed Shaker, CEO of GIB Capital, said: “These three successful issuances reflect the depth of trust our clients place in GIB Capital and the strength of our distribution network across global markets. The robust oversubscriptions and high-quality investor participation are clear indicators of the continued confidence in GCC credit stories and the resilience of the region’s economic outlook. We remain committed to delivering best-in-class execution, innovative structuring, and strategic advisory that enable our clients to access international liquidity efficiently and competitively.”

With a growing portfolio of successful mandates, GIB Capital continues to expand its presence as a leading provider of debt capital markets solutions, capital markets advisory, mergers and acquisitions, debt advisory, asset management and brokerage services. Combining deep regional insight with global investor connectivity, the firm remains committed to supporting clients across sectors with innovative, tailored, and high-impact financial solutions.