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Monday, July 20, 2009

Saudi Pak Bank



Saudi Pak Bank’s Consortium

About Bank Muscat:
With assets worth over USD 9.6 billion, Bank Muscat (SAOG) is the largest bank in Oman with strong capabilities in Corporate Banking, Consumer Banking, Investment Banking, Treasury, Private Banking, Project Finance and Asset Management. The Bank serves over 43% of the market through its domestic network of 107 branches and over 260 ATMs nationwide.

Internationally, the Bank has a branch in Riyadh, Kingdom of Saudi Arabia, since April 2007; a representative office in Dubai, United Arab Emirates, for over the past decade; owns a 49% stake of Bank Muscat International, Bahrain, since January 2005; and is present in India through a strategic stake in Centurion Bank of Punjab - one of the fastest growing private sector banks in the country - since 2004. To further capitalize on the booming Indian equity markets, the Bank also acquired a 43% stake in Mangal Keshav Group, one of the oldest securities firms in India, early last year. Bank Muscat sees its international operations as one of the key growth of the future.

About IFC
IFC, a member of the World Bank Group, fosters sustainable economic growth in developing countries by financing private sector investment, mobilizing private capital in local and international financial markets, and providing advisory and risk mitigation services to businesses and governments. IFC’s vision is that poor people should have the opportunity to escape poverty and improve their lives. In FY2007, IFC committed $8.2 billion and mobilized an additional $3.9 billion through syndications and structured finance for 299 investments in 69 developing countries. IFC also provided advisory services in 97 countries. For more information, visit www.ifc.org.

IFC supports a substantial amount of cross-border investments by regional Gulf companies that invest in neighboring countries, helping create jobs and bring in capital, technology, and management expertise. Cross-border investments within the region by corporates and banks mainly from the Gulf Cooperation Council countries and India and Turkey, represented 57 percent of IFC’s investments in fiscal 2007. These investments are expected to increase in FY08.

About Nomura:
Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs about 18,000 staff worldwide. Nomura’s unique understanding of Asia enables the company to make a difference for clients through five business divisions: domestic retail, global markets, global investment banking, global merchant banking, and asset management. For further information about Nomura, please visit www.nomura.com

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