Winner: Calyon
Calyon’s Islamic banking team made big strides over the past year. The French bank was involved in several eye-catching deals, including financing for the Ma’aden Phosphate Company’s $5.6 billion development in Saudi Arabia.
Another big-ticket transaction that Calyon participated in was the $2.5 billion Project Blue, a project jointly owned by sovereign fund Qatari Diar and CPC Group, a private property trading and development company.