al khaliji

• QR928 million dual currency murabaha largest ever in Turkey

Doha, 9 May 2010: al khaliji, the region's 'next generation' bank, participated recently in the USD 255 million (QR 928 million) 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 (USD 121.5 million and EUR 99.15 million), 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.

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