al khaliji, the next generation international bank headquartered in Doha, Qatar, has extended financing of QR 285 million to United Development Company P.S.C. (UDC) to finance the capital expenditure of the company’s operating subsidiaries. The subject financing is aligned with al khaliji’s strategy to support large prominent corporates in Qatar.
Robin McCall, al khaliji Acting Chief Executive Officer, said: “This financing agreement is in line with al khaliji’s commitment to support its strategic partners through al khaliji’s expertise and ability to meet our valued customer needs.”
al khaliji was incorporated in Doha, Qatar in January 2007 with an aim to become a regional GCC bank offering conventional and Islamic banking services. Since incorporation al khaliji successfully launched all four of its business lines (Corporate & Institutional Banking, Treasury & Debt Capital Markets, Premium / Business and Retail Banking).
