Florence Janin Goodman, the former Head of Corporate Affairs GCC at Barclays Bank has joined al khaliji in Doha as Senior Executive, Corporate Affairs. She was previously based in Dubai.
Florence is the latest senior appointment to the al khaliji executive team, having responsibility to drive all internal and external communications for al khaliji.
She has been specifically recruited as the bank steps up its activities in Qatar and readies for other GCC markets as the bank seeks to expand across the region.
Research conducted for al khaliji in Qatar earlier this year by polling group YouGov Siraj found that 45% of respondents would consider changing their current banking arrangements. The bank is looking to bring a new banking approach to the region in response to these research findings and customer needs.
David Proctor, al khaliji’s Chairman’s Advisor and Head of the Executive Team commented:
““Do you know a bank that you would call cool? No? Well that’s why we thought it was time to build one. We have been listening to what bank customers in Qatar really want from a bank and are working towards delivering a next generation banking alternative, in true al khaliji style. We’re delighted to have someone of Florence’s caliber on board to help us deliver this message as we expand in Qatar and other chosen markets”.
About al khaliji
al khaliji was founded in Doha in January 2007. Since obtaining its commercial license at the beginning of the year, the bank’s world-class management has set about creating the infrastructure that will allow al khaliji to provide a fresh approach to banking in a rapidly growing and evolving market.
Our shareholder structure gives us regional and local strength and depth. Following completion of the IPO, Qatari investors hold 17% of the bank’s authorised capital, worth an initial QAR 600m, paid at 50%. The bank’s 191 founding shareholders, drawn from Qatar, Oman, the UAE, Kuwait and Bahrain own 43% of al khaliji’s authorized 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 1.44bn, or 40% of the bank’s authorized capital. In total, al khaliji has an authorized capitalization of QAR 7.2bn.
As al khaliji steps up its activities, it will be 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.
Notes to Editors – al khaliji’s key milestones
Since being established in January this year, al khaliji has passed many key milestones on its journey towards delivering what we call Next Generation banking to our customers. Our fresh approach to banking informs everything we do, from communicating important financial information to our shareholders, listening to our customers and how we talk to and treat our fellow colleagues. Highlights on our journey so far include:
January: We establish our first office in Doha’s West Bay
February: A private equity placement is launched and three senior executives appointed
March: Designs for our branch network are finalised
April: We launch our highly successful IPO. This attracted 86,547 Qatari investors, who applied for shares worth QAR 1.37bn, leaving the offer 2.28 times oversubscribed. The IPO of 120 million shares, or 17% of the bank’s authorised capital, was worth an initial QAR 600m, paid at 50%.
May: The allocation of IPO and Private Placement shares is completed
June: We make a sponsorship of QAR 500,000 to the American School of Doha; finalise four branch locations and unveil our corporate Vision and Values
July: Our staff training branch facility is completed. Staff numbers hit 80 and the executive team is further strengthened with Finance and Treasury appointments
August: Our shares list on the DSM and we launch our “Conversation” by writing to all our shareholders and inviting other stakeholders to participate by giving their views on our website
September: Building and fit out is well under way on head quarters and training branch. New Senior Executive hire, Florence Janin Goodman, Corporate Affairs, first training academy held
October: We launch a next generation HR policy as staff numbers swell to over 130. What’s Next?...
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