About al khaliji
al khaliji was incorporated in Doha in January 2007, and completed its IPO and listing on the Doha Securities Market in August. Our aim is to become a major corporate and retail commercial bank across the Gulf and have recruited an experienced international management team and nearly 240 employee to execute this strategy.
Our shareholder structure gives us regional and local strength and depth. The bank’s 191 founding shareholders, drawn from Qatar, Oman, the UAE, Kuwait and Bahrain own 43% of al khaliji’s authorized and issued capital. Paid at 50%, their subscription in 312 million shares raised an initial QAR 1.56bn in ordinary capital. A Gulf-wide Private Placement of 288 million shares (again, paid at 50%) raised another QAR 1.44bln, or 40% of the bank’s authorized capital. Following completion of the IPO, Qatari investors hold 17% of the bank’s authorised capital, worth an initial QAR 600m paid at 50%. In total, al khaliji has an authorized and issued capital of QAR 7.2bln divided into 720 million ordinary shares paid at 50% equivalent to QAR 3.6 bln
Our activities are underpinned by the highest standards of service, easy to understand products, and reliable, innovative technology. Built in response to customer demand for a bank that is designed to meet their needs and their lifestyles, al khaliji is bringing a new banking approach to the region in response to new research findings and customer needs.
© 2008 Al Bawaba (www.albawaba.com)
