06 February 2005
Portal becomes Leading Source of Information

Kingdom of Saudi Arabia - Interactive Saudi Arabia Ltd. (ISA), the newest company formed under the Saudi Economic Offset Program, is to build the first portal for Bank Albilad, the 11th bank in the Kingdom of Saudi Arabia. The portal is due to launch this month and will act as an informational tool offering existing customers as well as the general public all they need to know surrounding the bank's activities.

"Not only will the portal aim to provide information on the bank, it will also update the public at large on the IPO status, due to start soon. In addition, we will have a special section on the bank's Shariah Group that ensures compliancy with Islamic Financing principles in all transactions," said Mr. Azzam Abalkhail, CEO of Bank Albilad. He added: "The portal will also provide information to investors and potential clients on products and services."

"We are delighted to have such a prestigious client like Bank Albilad; this reflects the regional status ISA has achieved in building international standard portals," commented Basel Al Jabr, President of Interactive Saudi Arabia. "We are committed to providing complete Portal Solutions servicing both Government and Private organizations," he added.

In partnership with Interactive Ltd., ISA has a track record of more than nine years of developing industry-specific solutions for governments, financial institutions, and other enterprises in the region, and have the expertise that empowers business users to integrate both business and IT processes into a coherent whole, enabling them to build and grow their businesses. Interactive Saudi Arabia Ltd. is a joint venture among key strategic partners within the Kingdom, including Saudi Offset Limited Partnership, Hoshanco, RamWorld and Interactive Ltd.

About Interactive Saudi Arabia Ltd.:

Interactive Saudi Arabia Ltd. (ISA) is an Economic Offset Program company based in Riyadh. Its technology partner, Interactive Ltd. is headquartered in the Dubai Internet City where it achieved the status of "first tenant" in the year 2000.  The company is a leading Enterprise IT Solutions provider in the GCC region engaging in innovative, interactive e-business opportunities where multi-channel solutions are integrated for high-impact value-added business benefits. ISA advocates a vision that pivots on measurable and sustainable value - the client is the focus of their work. ISA processes are engineered to provide clients with the best return on IT investments. For further information, please visit www.il.com.sa

About Bank Albilad:

BANK ALBILAD is a Saudi joint stock company. It is the latest bank to enter the Saudi banking market, seeking to be a forerunner, and the bank of choice among individual and corporate customers when selecting the banking partner. This is based on the Bank's abidance by the Islamic Sharia rules as the Bank's main feature, its commitment by the national responsibility for community service, and starting off its basic values focusing on customer service, principle of work, excellent performance and flexible organization. All these contribute to maximizing the Bank's value to occupy an advanced financial position on the local and regional levels.

Interactive Saudi Arabia Ltd. Contact:                  
Khalid Al Dosary                                        
PR Manager                                                               
Tel: (+966 1) 201 3121                                              
Email: info@il.com.sa                                                

Press Contact:

Nivine William / Rabie Al Faqih
Gambate! Communications
Tel: (+971 4) 391 6424
Email: nivine@gambate.biz, rabie@gambate.biz

© Press Release 2005