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Al Khaliji extends financing of QR285m to United Development

Al Khaliji, the next generation international bank headquartered in Doha, Qatar, has extended financing of QR285m to United Development Company P.S.C. (UDC) to finance the capital expenditure of the company's operating subsidiaries.

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The subject financing is aligned with Al Khaliji's strategy to support large prominent corporates in Qatar.

Robin McCall, Al Khaliji Acting Chief Executive Officer, said:
"This financing agreement is in line with Al Khaliji's commitment to support its strategic partners through Al Khaliji's expertise and ability to meet our valued customer needs."


Al Khaliji was incorporated in Doha, Qatar in January 2007 with an aim to become a regional GCC bank offering conventional and Islamic banking services. Since incorporation Al Khaliji successfully launched all four of its business lines (Corporate & Institutional Banking, Treasury & Debt Capital Markets, Premium / Business and Retail Banking).
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Related site: http://www.alkhaliji.com

Notes and media contacts

Press contact:

Maitha Al-Qader
Principal
Corporate Affairs
Al Khaliji
PO Box 28000, Doha, Qatar
Tel: +974 494 0645
Fax: +974 499 6020
Siba Sami Ammari Posted by Siba Sami Ammari
Sunday, May 17 - 2009 at 17:00 UAE local time (GMT+4)

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