Islamic Finance News Awards

		Calyon rewarded by Islamic Finance News
		Calyon has received three awards from Islamic Finance News, the world's global islamic finance news provider. Most Innovative Deal for the Mobily USD 2.85 billion project financing : "This deal was the demonstration of the fungibility of air time, an intangible asset, and its use as the underlying asset for a proper Islamic sales transaction applying the Islamic rules of agency that won in the category". Best Tawarruq Deal for the Mada Leletisalat LLC USD 2.5 billion deal : "This most important Saudi Arabian transaction represents the acquisition of the third mobile operators license by Kuwait's Zain (MTC Communications). The USD 6.11 billion transaction is indicative of the importance of the telecommunications sector in the Gulf Cooperation Council (GCC) and emerging markets as a whole". Best Saudi Arabia Deal for the Mobily USD 2.85 billion project financing : "Awarded because of its innovative structure and the model it offers other other projects in the communications sector as well as the mergers and acquisistions (M&A) sector".

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