al khaliji

next generation banking

email us request a call

selected milestones

2007

January: We establish our first office in Doha’s West Bay
February: A private equity placement is launched and three senior executives appointed
March: Designs for our branch network are finalised
April: We launch our highly successful IPO. This attracted 86,547 Qatari investors, who applied for shares worth QAR 1.37bln, leaving the offer 2.28 times oversubscribed. The IPO of 120 million shares, or 17% of the bank’s authorised capital, was worth an initial QAR 600mln, paid at 50%
May: The allocation of IPO and Private Placement shares is completed
June: We make a sponsorship of QR 500,000 to the American School of Doha; finalise four branch locations and unveil our corporate Vision and Values
July: Our staff training branch facility is completed. Staff numbers hit 80 and the executive team is further strengthened with Finance and Treasury appointments
August: Our shares list on the DSM and we launch our "Conversation" by writing to all our shareholders and inviting other stakeholders to participate by giving their views on our website
September: Building and fit out is well under way on headquarters and training branch. The first training academy is held.
October: We launch a next generation HR policy as staff numbers swell to almost 200. Negotiates to acquire the banking business of BLC (France) SA assets in UAE, subject to regulatory clearance. Participates in a US$2.5bln refinancing deal for QTel with US $135mln loan
November: Participation in the Qatari Capital Markets Day at the London Stock Exchange (LSE). Complete all our appointments to the senior executive team
December: We celebrate Qatar National Day with a multi cultural staff event

2008

January: We contribute $75mln as one of the mandated lead arrangers in $700mln financing deal for Barwa Real Estate Company. Appointment announcement of our Executive, Treasury.
February: We announced our financials for the period 9 January, 2007 (date of incorporation) until 31 December 2007. We participated as an endorsement partner in the 2nd GCC Regulators’ Summit which took place in Bahrain
March: al khaliji confirmed participation on Qatar Investor Forum which will take place in New York
April: We announced our Q1 2008 Interim Condensed Financial Statements, 180 of al khaliji staff have undergone thorough IT Security Awareness Training. al khaliji and the Qatar Financial Centre (QFC) Authority have entered a partnership with Dun & Bradstreet (D&B), the world’s premier financial data and business information provider, to develop Qatar’s first Business Optimism Index
May: We received QCB approval to open Islamic banking branches in Qatar and we are joint lead manager for AED 600mln Sukuk issue for Almana Group
June: We launched retail banking operations in Qatar and opened “al khaliji Qpost Centre” in West Bay. We also received a license from Dubai International Financial Centre (DIFC) to operate in the UAE for non banking activities
What’s Next?...
TOP