al khaliji

• Risk free, Fee Free, Return of up to 10% linked to crude oil prices

Doha, 23 March 2010: Following the unprecedented success of its first guaranteed deposit account in 2009 linked to gold prices, al khaliji has launched its second guaranteed deposit account offering a return of 3% over one year plus a further 7% linked to the performance of crude oil prices.

Available to customers as of today, al khaliji new guaranteed deposit account retains all the groundbreaking benefits offered in the previous product, including an unconditional capital guarantee, no fees and a market leading return on investment.

Andrew Ball, Acting Group Head of Consumer Banking commented: "Customer demand for the first in our series of guaranteed deposit products was overwhelming – we were extremely pleased. Based on this response we have worked hard to bring this second product to market quickly, whilst ensuring that all of the key benefits demanded by our customers remain firmly in place".

In light of recent economic events in the Region, the need for safety, transparency and value for money is now seen to be greater than ever - and these are key values which al khaliji has both founded its business on and which are reflected in the Bank’s unique series of guaranteed deposits.

Andrew Ball noted that: "It is a customer's absolute right to expect complete transparency from their Bank, with al khaliji there are no hidden fees and no conditions attached to our capital guarantee. Our deposit products offer what customers are demanding – a risk free, fee free product coupled with a minimum guaranteed return."

Due to the anticipated high demand, al khaliji has doubled the size of its crude oil structured deposit compared to its predecessor. The product will be available for subscription from March 23, 2010 through April 20, 2010 at all al khaliji branches. For further details please contact 4940000