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Al Khaliji participates in global Syndicated Murabaha Facility of 2010

Al khaliji, the region's 'next generation' bank, participated recently in the $255m (QR928m) dual currency Islamic Structured Murabaha Syndicated Facility for Turkey's largest Islamic bank - Bank Asya - through Al khaliji Group Corporate and Institutional Banking.

The biggest Islamic Murabaha syndication ever executed in Turkey in dual currency ($121.5m and EUR99.15m), represents the largest and most successful international syndicated finance involvements by regional and international banks to date. The Bank Asya Murabaha facility was more than three times oversubscribed.

A clear indication that Al khaliji continued support to specialized financial institutions in emerging markets adds real value to its bank's growing portfolio and develops its existing relationships with banks in the GCC, the region and beyond.

Robin McCall, Acting Chief Executive Officer in Al khaliji, commented:
"This marks yet another major milestone for us and is a testimony to the considerable relationship that Al khaliji is growing in the international financial community."


Bank Asya's one year facility is the first global Islamic Murabaha arranged by any financial institution in 2010 and is underwritten by three Initial Mandate Leads and subscribed by a consortium of 24 banks from 16 countries.
Issa Tabarani signning Asya Murabaha.
Issa Tabarani signning Asya Murabaha.
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About Al khaliji
The pioneers of 'next generation' banking in the GCC, Al khaliji offers a full range of conventional and Islamic banking products and services to retail, corporate and institutional customers in Qatar, the U.A.E. and France.

From our headquarters in Doha, Al khaliji is Qatar's second largest retail bank by paid-up capital and a member of the Qatar Exchange 20 Index with approximately QR17.5 billion in total assets, QR9.2 billion in customer deposits.

Al khaliji pipeline of talented local and international bankers from 40 countries deliver a bold, fresh approach to banking. This means understanding and responding swiftly to customer needs with expanded branch & ATM networks and innovative banking products such as Fusion, the first 2-in-1 current and savings account in Qatar.

Al khaliji 'next generation' banking means a bank where customers and unparalleled levels of service come first. While other banks choose to ignore values and focus on short term profit, Al khaliji believe it's not just what, but also how, we do something that's important.

Contact:
Abeer Al Kalla
Head of Public Relations & Communications
Telephone: + 974 494 0646


Ibrahim el rassi
Cohn&wolfe
Pr Account Executive
T: +974 428 3112
F: + 974 451 9140
Grey compound, Facing Aspetar
Aspire Zone street, PO Box: 23687
Doha - Qatar

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