Khalid Al Jaber appointed as Head of Compliance at GBCORP

Manama, Bahrain, 27 January 2008: Global Banking Corporation (GBCORP) today announced the appointment of Khalid Al Jaber as Head of Compliance. Mr. Al Jaber is a banking and finance specialist in Sharia'a compliant Islamic Banking with in-depth management and compliance expertise.

With nearly 20 years of experience in the financial services industry, Mr. Al Jaber brings a wealth of knowledge and financial skill to GBCORP. Possessing a highly-credited employment record Al Jaber's exceptional career and training qualifies him as a specialist in applying Central Bank of Bahrain Rulebook Requirements for Islamic Banks, anti-money laundering and combating financing of terrorists.  

Commenting on his appointment, Mr. Khalid Al Jaber said: "As Head of Compliance at Global Banking Corporation I look forward to working with my team to ensure all business is fully Sharia'a compliant and that GBCORP operates in a risk free environment. My new role will allow me to review & control the effectiveness and safety of the banks policies and procedures, ensuring that our clients continue to trust out ability to advise, manage and grow their wealth whilst adhering to Central Bank of Bahrain Rulebook Requirements for Islamic Banks."   

Speaking on Mr. Khalid Al Jaber's appointment, Mark Hanson, Chief Executive of GBCORP said: "At GBCORP, our global team transcends geographic boundaries to serve as an economic accelerator for investment from within the GCC to markets in the Mena region, Europe and of course the emerging markets of China and India. I am confident that the compliance measures of GBCORP's operations under the leadership of Mr. Al Jaber will only strengthen our ability to offer a high-return, Sharia'a compliant environment for all our clients."

GBCORP provides a different type of ethical investment, developing new investment offerings that align with investors' personal values and ethics. As a fast-growing Islamic Investment bank, GBCORP's aim is to provide its clients with global Sharia'a compliant investment opportunities whilst offering a professional and personalised service. In his new role, Mr. Al Jaber will further strengthen the safety and compliance standards of all clients' investments and GBCORP's operations.

Mr Khalid Al Jaber holds a Bachelor of Business Administration from North Texas State University, USA, with a major in Marketing and Management. Currently he is pursuing an Executive MBA from the University of Bahrain in Business Administration in Finance & Banking. Throughout his career he has completed numerous technical training courses, fully qualifying him in areas such as Islamic Finance and Investment techniques, management and strategic leadership, as well as holding positions on various committees including The National Policy Committee for the Prohibition and Prevention of Money Laundering and the UN Convention against Corruption Committee.

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Notes to editors
Global Banking Corporation BSC (c), incorporated in The Kingdom of Bahrain,  commenced operations in June 2007 with a capital of USD 250 million and an authorised capital of US$500 million. GBCORP combines diverse thinking and expert risk analysis to offer a high-yield, Sharia'a compliant investment portfolio for clients. GBCORP also focuses on core business areas including Private Equity and Venture Capital, Real Estate and Infrastructure Development and Advisory Services in Corporate Finance and Capital Markets.

For further information please contact:
Zain Al Shaker - GBCORP
Head of Corporate Communications
Telephone: +973 17 566577
Email: zalshaker@gbcorponline.com

Rawya Al Gosaibi - GBCORP
Senior Associate - Corporate Communications
Telephone: +973 17 566577
Email: ralgosaibi@gbcorponline.com

Rosanne Blake,
Buchanan Middle East
Account Manager
Telephone: +971 4 369 8555
Email: Rosanne.Blake@buchananme.com

Rana Al Bechara,
Buchanan Middle East
Media Relations Director
Telephone: +971 4 369 8555

© Press Release 2008