Alpen Capital raises USD 100 Million for Al Khaliji Commercial Bank (al khaliji)
Doha, 13th July, 2009
Alpen Capital Investment Bank (Qatar) LLC raised USD 100 Million of Secured Medium Term Credit Facility for Al Khalij Commercial Bank. The credit facility is designed to further strengthen al khaliji's USD funding portfolio.
The signing ceremony was held on July 7, 2009 at the al khaliji's Head Office and attended by Senior Management members from Alpen Capital and al khaliji.
This transaction, with its innovative structure, was lead by Gaurang Mudbhatkal, Director at Alpen Capital Investment Bank (Qatar) LLC.
"We place great importance on our relationship with Al Khaliji Commercial Bank and we are happy that we have a role to play in its future development. Alpen Capital is proud to have concluded this innovative transaction." says Rohit Walia, Executive Vice Chairman and CEO of Alpen Capital Investment Bank (Qatar) LLC.
"Al Khaliji is pleased to have established a strong relationship with Alpen Capital and Bank Sarasin, with whom we recently concluded a medium term funding facility. We look forward to working with them in other areas to create synergy, to the benefit of institutions, as well as our customers and stakeholders", says Robin McCall, Acting CEO, al khaliji. According to Sanjay Bhatia, Senior Executive Officer, Alpen Capital Investment Bank (Qatar) LLC, "Alpen Capital has great faith in the potential of Al Khaliji Commercial Bank. We share a great relationship with Bank Sarasin & Co., Ltd Switzerland and this has ensured the success of this credit facility."
Alpen Capital began its Qatar operations in early 2008 and since then has been doing extremely well in ensuring a presence in the market. Alpen Capital specializes in a full range of corporate advisory services including Capital Markets, Debt Syndication, Mergers & Acquisitions and Equity Research advisory. Its team of specialists with their local know-how and regional expertise play a very important role in the ongoing success of Alpen Capital. In addition to Qatar, its operations are present in Dubai and Muscat.
In Qatar, Alpen Capital functions with its associate ,Bank Sarasin-Alpen (Qatar) LLC which is the subsidiary of the Swiss private bank, Bank Sarasin & Co., Ltd, Switzerland. They function through a unique business model where in the investment banking activities of Alpen Capital complement the private banking activities of Bank Sarasin-Alpen.