Barclays Capital further strengthens its commitment to Qatar

Barclays capital announces plans for a permanent capability in Qatar after landmark year in the country
By: Mega Events
 
 
From L to R:Jean Mark Le Jeune, Cyrus Ardalan, Stewart Pearce and Karim El Nagdy
From L to R:Jean Mark Le Jeune, Cyrus Ardalan, Stewart Pearce and Karim El Nagdy
 
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Tags:
Barclays
World Islamic Infrastructure Finance Conference
Doha
Islamic Project Finance

Industry:
Banking

Location:
Dubai - Dubai - United Arab Emirates

Nov. 5, 2007 - PRLog -- Barclays Capital, the investment banking division of Barclays Bank Plc, has announced plans for a permanent capability in Qatar situated at the Qatar Financial Centre. His Excellency Yousef Hussain Kamal, the Minister of Finance of the State of Qatar unveiled a Barclays Capital logo at the World Islamic Infrastructure Finance Conference being held in the capital, symbolising the firm’s new commitment to the area.

Barclays Capital provides risk management and financing solutions to a number of clients in Qatar and the GCC.  The firm is a leader in this area of investment banking in Qatar where it has led a number of landmark transactions for Qatari clients.  Barclays Capital is ranked by Bloomberg as the top book runner for Qatari syndicated loans executed since January 2006.  This year alone Barclays Capital has been involved in a number of benchmark transactions including:
•   US$ 2.5 billion syndicated term loan for QTEL
•   US$ 1.85 billion syndicated loan for Qatar National Bank
•   US$ 2.25 billion syndicated project financing for Qatar Aluminium
•   US$ 2.39 billion syndicated project financing for Qatar Gas Transportation Company (Nakilat)

Cyrus Ardalan, Vice Chairman of Barclays Capital said:
“We are delighted to announce our intention to establish a permanent presence in Qatar and thank His Excellency for unveiling the Barclays Capital corporate logo.”       
ENDS

For media inquiries, please contact:
Adil Jaouhari
Matrix Public Relations
Tel: 0097143430888
Mobile: 00971507644847
Fax: 0097143432226
Email: adil.j@matrixdubai.com  

For further information, please contact:
Simon Eaton, Barclays Capital Communications, Tel #: + 44 (0)20 3134 2111

# # #

About Barclays Capital
Barclays Capital is the investment banking division of Barclays Bank PLC which has an AA long-term credit rating and a balance sheet of over £1.1 trillion. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with solutions to their financing and risk management needs.  Barclays Capital has offices in 26 countries, employs over 15,700 people.

Website: www.barclayscapital.com
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