al khaliji

• Shareholders approve the Bank's financial statements for the period ended December 31, 2008
• The Bank is well positioned in the wake of the crisis

Doha, 12 April 2009: al khaliji held its first Annual General Assembly (AGA) on Sunday, April 12, 2009, where Shareholders renewed their confidence in the Bank's position for the financial year ended on December 31, 2008.

His Excellency Sheikh Hamad Bin Faisal Bin Thani Al-Thani, Chairman and Managing Director of al khaliji, commented: "Whilst we are entering a new banking era, we firmly believe al khaliji is in a strong position because of its relative youth, a confidence which is echoed by the shareholders. Our financial position is strong and our customer deposits are growing at a fast rate. With our recent purchase of 100% share capital of BLC Bank (France) S.A., we are also well positioned to take our success across borders to France and the UAE".

During the meeting, the shareholders of al khaliji:

1. 1. Heard the Chairman's Statement and the report of the Board of Directors on the activities of the Bank and its financial position for the period ended 31.12.2008 and the future plans
2. 2. Heard and approved the Auditor's Report on the Bank's financial statements for the period ended 31.12.2008
3. 3. Discussed and approved the Bank's financial statements for the period ended 31.12.2008
4. 4. Heard and approved the Board of Director's recommendation regarding the retained earnings
5. 5. Cleared the Board members from any liability for the period ended 31.12.2008
6. 6. Appointed the External Auditors for the year 2009 and determined their remuneration

Please click here to download the speech of Chairman and Managing Director.

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