We are proud to announce that Said Al Shahry & Partners has been awarded the IFN Oman Deal of the Year 2022 for our role in Towell Infrastructure Projects Co's (TIPCO) Syndicated Wakalah, valued at OMR 14 million. This is a significant achievement and a testament to our dedication to excellence in the field of Islamic finance and banking in Oman.
The IFN Deals of the Year awards are the most prestigious honors in the global Islamic finance and banking industry, recognizing the most notable Shariah financial transactions in the global markets. This year's awards saw a 37% increase in deal submissions related to sustainability, social responsibility, and environmental, social and governance (ESG) issues, reflecting the growing importance of these themes in the industry.
We are particularly proud to have been recognized for our work in infrastructure financing in Oman, as the country is making significant strides in the development of its Islamic finance and banking sector. This award is a testament to our dedication to excellence in this field, and we are committed to supporting the country's ambitious infrastructure development goals as embodied by Oman Vision 2040, His Majesty's developmental blueprint for the country.
We would like to extend our heartfelt congratulations to all of the winners, and we look forward to continuing to support the growth and innovation of the Islamic finance and banking industry in the years to come. We would also like to acknowledge the valuable contribution made by our team, led by Special Counsel, Graham Mouat, Head of SASLO's Banking and Finance practice, in this award winning transaction.
The IFN Dubai Awards Ceremony was held on Thursday, 16th March 2023 at the Conrad Hotel Dubai. We enjoyed celebrating this achievement with our colleagues and peers in the industry.
For more information on the IFN Deals of the Year awards and a detailed analysis of the year in Islamic financial transactions, please visit the official website of the IFN Awards Board (https://www.islamicfinancenews.com/ifn-deals-of-the-year-2022.html).