al khaliji

A lot has happened on our journey so far – and we still have a great deal more to do.

2008

• Q3 (337 staff) – we opened our first full service branch on C-Ring Road. We arranged two regional deals worth over $6.6bn contributing US$ 100mm for Dubai World and US$ 70mm for Orascom Telecom Iraq Corp.
• Q2 (317 staff) – we have launched our retail banking operations in Qatar and opened “al khaliji Q-post Centre” in West Bay. We also received a license from Dubai International Financial Centre (DIFC) to operate in the UAE for non banking activities. In the same quarter we had the approval to open Islamic banking branches in Qatar and we are joint lead manager for AED 600mln Sukuk issue for Almana Group
• Q1 (260 staff) – we have announced our Q1 2008 Interim Condensed Financial Statements and contributed $75mln as one of the mandated lead arrangers in $700mln financing deal for Barwa Real Estate Company

2007

• Q4 (241 staff) – we launch our Corporate and Institutional Banking business ahead of schedule with key corporate deals including major loans for QTel, Dubai World and Barwa. We participate in the Qatari Capital Markets Day at the London Stock Exchange
• Q3 (137 staff) – Our shares begin trading on the Doha Securities Market. We enter negotiations to purchase the UAE assets of BLC Bank (France) S.A.
• Q2 (61 staff) – Our QR 1.2bn Initial Public Offering introduces a new, quick, transparent and fair process for allocating shares attracting 86,547 investors
• Q1 (2 staff) - Our head office in West bay, Doha was established and we launched our QR 2.88bn private equity placement