Al Khalij Commercial Bank

MIDEAST #DEBT-#Qataris hold non-deal bond roadshows as rift drags on -sources

Qatari banks have met investors in Europe and Asia to gauge their interest in potential U.S. dollar bond issues. Access to international debt markets has become problematic since the diplomatic crisis has erupted. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and transport ties with Qatar, accusing it of supporting terrorism. Cross-border deposits accounted for about a quarter of Qatar's total deposits, so banks started to look for alternative funding. Al Khalij Commercial Bank, Doha Bank, Qatar International Islamic Bank and QNB have all met investors in recent weeks. Feedback was positive, but investors also made clear that issuers would have to pay premiums in order to attract sufficient demand. According to an international portfolio manager, the premium that Qatari banks would have to pay is about 30-40 basis points. A second fund manager said Qatari banks would have to pay up not only because of the increased political risk, but also because of general market conditions in the region.

Al Khaliji to showcase employment and career development opportunities at Qatar Career Fair 2013

Al Khalij Commercial Bank's (Al Khaliji) Q.S.C., announced its Gold Sponsorship of the upcoming annual Qatar Career Fair 2013, which will be held at the Qatar National Convention Centre (QNCC) between April 1st and 6th 2013. Al Khaliji is looking for a wide-range of Qatari nationals to fill different roles in the bank, from young university graduates to more experienced professionals. The Al Khaliji team at the Qatar Career Fair will provide practical advice and recommendations to Qatari nationals looking to build careers in the banking and finance industry. The team will also discuss opportunities for professional growth within Al Khaliji.

Middle Eastern listed companies slowly improving transparency online, reveals webranking survey

Middle Eastern publicly recorded companies are becoming increasingly aware of the importance of online transparency as part of their strategy to administer best practice investor relations.
This is the key conclusion of the 2011 KWD Middle East Webranking survey that annually reviews corporate websites across the region based on the requirements of the investment community.
The survey prooves that an increasing number of companies are revolving to online channels to communicate with shareholders, disclosing more information on financials, corporate governance, CSR initiatives and company news on their websites.
The winners of the KWD Webranking Survey are as followed: Al Khalij Commercial Bank from Qatar presented itself as overall winner in the Middle East, followed by Aamal Company, also from Qatar, in second place. UAE real estate group Emaar remained on its position as third best corporate website.

Al khaliji directors' board discusses IBQ merger move

Al khaliji Board of Directors discussed the latest developments with regard to the possible merger with IBQ and other matters. Other agendas like strategic and governance items were also reviewed.
Al Khalij Commercial Bank (al khaliji) QSC was incorporated on January 9, 2007 as a Qatari Shareholding Company under Commercial Registration No. 34548.
It operates from its head office and three branches in Qatar, one branch in France and four branches in the United Arab Emirates.

SNR Denton advises on Dh250m Sharia-compliant facility

SNR Denton has announced that the firm advised Abu Dhabi Islamic Bank PJSC, Al Hilal Bank PJSC, Mubadala GE Capital PJSC, Al Khalij Commercial Bank, Al Khaliji France SA, Ajman Bank PJSC and First Gulf Bank PJSC on their successful participation in a Dh250 million Sharia-compliant facility.
The facility was made available to Emirates National Factory for Plastic Industries LLC, based in Sharjah.

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