Rasameel Structured Finance arrange Syndicated Morabaha Facility for $100m raised by Ithmaar Bank B.S.C.

Notes and media contacts

About Ithmaar Bank:

Ithmaar Bank B.S.C. is licensed by the Central Bank of Bahrain and listed on the Bahrain Stock Exchange and the Kuwait Stock Exchange (ITHMR). It has a paid-up capital of $543.6 million, total equity of $1.3 billion and is a full investment bank with its direct business covering the Middle East and North Africa (MENA) region, as well as South Asia, Asia-Pacific and Europe. Besides holding significant investments in the banking, financial services and real estate sectors in different markets, the main direct activities of the Bank include underwriting (equity and other financings), private equity (structuring, participation and portfolio management), Islamic financing and advisory services covering project financing, investments, capital markets and mergers & acquisitions.

Ithmaar Bank's flagship subsidiaries and affiliates include Shamil Bank of Bahrain, Solidarity (an Islamic insurance company, headquartered in Bahrain), Faisal Private Bank (Switzerland), Faysal Bank Limited (Pakistan), First Leasing Bank and Ithmaar Development Company.

For more information on Ithmaar Bank, please visit the Bank's website at www.ithmaarbank.com

About Rasameel:

Rasameel Structured Finance Company ('Rasameel') is an Islamic investment company established in January 2006 in its Kuwait Headquarter. Rasameel is the result of a successful partnership between a group of independent, well-established companies, Rasameel is supervised by the Central Bank of Kuwait with a paid up capital of Kuwaiti Dinars 30 million, is focused primarily on providing a Sharia'h compliant asset securitization and debt raising structures. In addition, it provides risk management, investment system outsourcing and financial advisory services to a wide array of institutional investors and finance companies. Rasameel is in the process of establishing a sister company in Saudi Arabia with a number of strategic investors.

For further information, visit www.rasameel.com.

Media contact:

RASAMEEL
Anwar S. Al-Braikan, Assistant Manager - Client Relations
Tel: +965 247 8800
Fax: +965 2476600

BPG PUBLIC RELATIONS
Donatella Donatelli - PR Director
Tel: +965 2411676
Fax: +965 2492644

Nancy Nusrally - PR Manager
Tel: +965 2411676
Fax: +965 2492644