Tameer teams up with ADCB to provide financing for Abu Dhabi projects

Notes and media contacts

About Tameer:

Dedicated to the meticulous creation of comfortable living spaces and inspirational work environments, Tameer Holding emerged with an ambitious vision of developing as the most trusted brand name in real estate during a time when the Middle Eastern real estate sector was defining itself. TAMEER's commitment to pursuing perfection and its relentless search for innovation, distinguished it as one of the pioneers that set the standards for the market from its inception.

Tameer has experienced rapid exponential growth, increasing from a handful of dedicated individuals in 2005 to a diverse team of several hundred professionals today, simultaneously cultivating its project portfolio to over 30 landmark developments in the UAE, the GCC and the greater MENA region.

Tameer has established itself as one of the dominant forces in the region's real estate scene, having entered a strategic partnership with the Al-Rajhi Investment Group, further enhancing its expertise and leadership in property development.

Selecting the most prestigious and premium locations in Abu Dhabi, Dubai and Northern Emirates, Tameer's landmark developments include the iconic Tameer Towers, at Shams Abu Dhabi on Al Reem Island; The Gate Towers, a joint venture with Sorouh; Princess Tower in Dubai Marina, one of the world's highest residential structures; and the technologically ground-breaking Platinum Towers at Business Bay.

About ADCB:

Abu Dhabi Commercial Bank - ADCB is a diversified full service bank. Other than banking services that span corporate, retail and commercial banking, ADCB provides treasury derivative services, infrastructure finance, private banking, wealth management and property management services.

Our approach is driven by an ability to create value for our customers by leveraging our skills and expertise. Amongst UAE banks, ADCB enjoys one of the largest deposit bases with total assets as at 30/6/2008 of Dhs128bn and net profit for the second quarter of 2008 of Dhs655.4m.

Our strong franchise, supported by a network of 43 branches in the UAE including 2 pay offices, 2 kiosks and total number of 126 ATMs covering most prime locations all over the UAE besides 2 full fledged branches in India is reflected in our recent rating of Aa3, which is the highest awarded to a bank in the Middle East.

The Government of Abu Dhabi, through Abu Dhabi Investment Council holds 65% of the capital while the rest is held by various UAE Institutions and Nationals and foreign investors. ADCB's market capitalization as of 30/06/2008 was Dhs24.5bn approximately $6.7bn.

For more information, please contact:

Denise Chamassian
Manager, Public Relations
Marketing Department
Tameer Holdings
+971 4 601 0600

Rola Shalak
Assistant Manager, Public Relations
Marketing Department
Tameer Holdings
Tel: +971 4 601 0600

Wajih Halawa
Account Manager
SAHARA Communications
Tel: +971 4 329 8996
Fax: +971 4 329 8995