Dentons advises on six award-winning deals at GBM Middle East 2026

Dubai-Six deals on which Dentons advised have been recognised at the GBM Middle East 2026 Awards, winning six prestigious accolades across the banking, finance and capital markets sectors.

The awards - "Financial Institutions Syndicated Loan Deal of the Year", "Power Finance Deal of the Year", "Transport Finance Deal of the Year", "Supranational & Agency Bond Deal of the Year", "GRE/Quasi-Sovereign Sukuk Deal of the Year" and "High Yield Debt Deal of the Year" - recognise not only the pioneering spirit of our valued clients, but also the competency of Dentons' Banking & Finance and Capital Markets lawyers in advising on some of the most important deals across the region.

The US$2 billion dual-tranche term facility for Mashreqbank won "Financial Institutions Syndicated Loan Deal of the Year". Dentons advised the lenders. The facility represents a major financing for one of the UAE's leading financial institutions and underscores continued strong liquidity and lender appetite in the regional banking sector. Dubai office partner Udayan Mukherjee led the Dentons team with support from senior associate Annabel Vincent.

The AED 3.19 billion syndicated facilities supporting the Dubai Metro Blue Line project won "Transport Finance Deal of the Year". Dentons advised Emirates NBD Bank PJSC and Emirates NBD Capital Limited, as part of a syndicate of banks, in relation to the facilities provided to Mapa İnşaat ve Ticaret A.Ş. and Limak İnşaat Sanayi ve Ticaret A.Ş., acting as part of a consortium, to support advance payment and performance bond guarantees in connection with the engineering, procurement and construction works for the Dubai Metro Blue Line project. The project comprises two main routes, incorporating both underground and elevated sections, and will expand Dubai's metro network through key residential and commercial areas. Dubai office partner Qasim Aslam led the Dentons team advising on the transaction.

The US$750 million green sukuk issuance by Oman Electricity Transmission Company (OETC) won "GRE/Quasi-Sovereign Sukuk Deal of the Year". The issuance comprised the inaugural offering of five-year green trust certificates under OETC's Rule 144A/Regulation S trust certificate issuance programme, established alongside a Global Medium-Term Note Programme. The transaction marked Oman's first US-dollar-denominated green sukuk and a significant development in the Sultanate's sustainable finance market. This was also OETC's first sukuk issuance and fourth international debt issuance, upon all of which Dentons advised. Muscat office partner Sadaf Buchanan and London office capital markets and US securities partner Cameron Half led the Dentons team that advised OETC, supported by associates Pichrotanak Bunthan, Tom Day and Miriam Babarinde, and paralegal Naomi Scheyerle (London), as well as partner Yasser Taqi, counsel Riza Ismail (Doha) and associate Aneela Khan (Muscat). San Francisco office partner Linda Pfatteicher provided US tax advice.

The €500 million green sukuk issuance by the Islamic Development Bank won "Supranational & Agency Bond Deal of the Year". The issuance comprised trust certificates due 2030, issued under IsDB's US$25 billion trust certificate issuance programme, offered under Regulation S and listed on Euronext Dublin, Nasdaq Dubai and the International Securities Market of the London Stock Exchange. Rated AAA/Aaa/AAA, the transaction attracted strong investor demand, with an order book exceeding €2.6 billion, representing IsDB's largest euro order book to date. Dubai office partner Victoria Wyer and London office partner Matthew Sapte led the Dentons team that advised the joint lead managers, supported by senior associate Marcus Ang, associate Miriam Babarinde and paralegal Naomi Scheyerle (London).

The US$500 million green sukuk issuance by Omniyat won "High Yield Debt Deal of the Year". The issuance formed part of a US$1 billion trust certificate issuance programme, with certificates due 2028 and dual-listed on Nasdaq Dubai and the International Securities Market of the London Stock Exchange, marking Omniyat's debut international capital markets transaction. London office partner Matthew Sapte led the Dentons team advising a syndicate of banks, supported by senior associate Marcus Ang and paralegals Naomi Scheyerle and Tanya Karda (London).

The US$846 million term facility for Fujairah Power Company F3 won "Power Finance Deal of the Year". Dentons advised Abu Dhabi National Energy Company PJSC (TAQA) in relation to the financing. The facility supports the development of the Fujairah F3 independent power project, a key addition to the UAE's power generation capacity and energy infrastructure. Abu Dhabi office partner and head of the Middle East Banking & Finance practice Stephen Knight led the Dentons team with support from associate Rory Donaldson (Abu Dhabi).

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