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Monday, November 9 - 2009

al khaliji has arranger role in two major regional deals

al khaliji Corporate Banking continues to deliver on its regional strategy, with the latest example being its role in helping to arrange more than $6.6bn of financing for two of the region's best known conglomerates.

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  • Media roundtable meeting.
    Media roundtable meeting.
al khaliji has contributed $170m through its involvement in these high-profile deals, marking the bank's growing significance as an arranger in major syndicated financings across the region.

For Dubai World, al khaliji acted as a Senior Lead Arranger in a $5.5bn term loan facility, contributing $100m.

Separately, al khaliji acted as a Mandated Lead Arranger financing $70m in a $1.125bn purchase of receivables due to Orascom Telecom Iraq Corp. Limited (a subsidiary of Orascom Telecom Holding S.A.E) and drawn on Zain Iraq, an affiliate of Mobile Telecommunications Company K.S.C, (Zain). The financing package was provided to support the $1.2bn sale of Iraqna, Orascom's subsidiary in Iraq, to Zain Iraq.

Rob McCall, al khaliji Managing Executive, Corporate Banking, said:
"The combination of al khaliji's capital base and experienced corporate banking team enables us to deliver quickly for our clients across the region. We're pleased to have rapidly established a reliable reputation for working alongside local and international banks to ensure the successful completion of major syndicated financings for our clients."
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Notes and media contacts

About al khaliji
al khaliji was incorporated in Doha in January 2007 with an aim to become a regional GCC bank offering conventional and Islamic banking services. Since incorporation al khaliji it has completed its IPO and listing on the Doha Securities Market and raised QAR7.2bn of authorised capital, recruited 250 staff, successfully launched all four of its business lines (Corporate & Institutional Banking, Treasury & Debt Capital Markets, Premium / Business and Retail Banking). It has also announced a commercial agreement to purchase the UAE assets of BLC (France) S.A. and has opened an office in the DIFC (Dubai).

Notes to Editors - al khaliji's key milestones
Since being established in January last year, al khaliji has passed many key milestones on its journey towards delivering what we call Next Generation banking to our customers. Our fresh approach to banking informs everything we do, from communicating important financial information to our shareholders, listening to our customers and how we talk to and treat our fellow colleagues.

For further information please contact:
Florence Janin
Senior Executive, Corporate Affairs, Al Khaliji
Mobile: +974 559 1547

Maitha Al Qader
Principal, Corporate Affairs, al khaliji
Mobile: +974580842
+971504277427

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