The Family Office announces completion of private placement and intention to float

The amounts raised will be used to launch "the Company", a new multi-asset class investment fund providing exposure to a variety of Shari'ah compliant investments.

At the same time, the Company has announced that it has instructed its nominated adviser in London, Blomfield Corporate Finance Limited, to proceed with its application for admission to the AIM market of the London Stock Exchange ("Admission") for the entire issued and to be issued share capital of the Company.

It is anticipated that trading on AIM of 31,550,000 ordinary shares of $0.01 each in the capital of the Company at a placing price of $1 per share is expected to commence on Friday 25th July 2008 under the symbol FSF.

Abdulmohsin Al Omran, CEO of The Family Office, commenting on the Offering said: "I am pleased to announce the completion of our successful private placement and the admission of The Family Shari'ah Fund Limited to AIM. The quotation on AIM will allow investors to participate in the rapidly growing market of Islamic finance. The Family Shari'ah Fund provides investors with an opportunity to invest in multiple asset classes in accordance with Shari'ah laws.

"This offering highlights The Family Office's ability to provide investors with Shari'ah compliant solutions for alternative investments (including Shari'ah compliant hedge fund offerings), real estate, private equity and sukuks."


Sheikh Nizam Muhammed Saleh Yaquby, SSB member of the Company, said; "The Family Office is committed to becoming a leader in modern Islamic finance and Islamic asset management by developing competitive and innovative multi-asset class Shari'ah compliant economic alternatives to conventional investments. Our intention is to use the funds raised to concentrate our investments on the geographic areas outside of the GCC and to maintain a broad scope, moderate risk investment strategy. The Family Shari'ah Fund Limited will be the first Shari'ah compliant multi-asset class fund to gain admission to AIM which will enhance its competitive position and appeal."