Press Release

Amwal Advisory Corp. arranges BLOMINVEST Saudi Arabia deal for BLOM Bank Sal, the largest bank in Lebanon

January, 2008: Amwal Advisory Corp. represented by its Chairman and CEO, Mr. Nazem Ibrahim Basha, has arranged the BLOMINVEST Saudi Arabia deal and contributed to its execution.

BLOMINVEST Saudi Arabia has acquired a CMA License to establish a corporation specialized in investment operations in Saudi Arabia. The company's capital is SR 100m with the shareholding broken down as follows:

• BLOM Bank SAL  ................................................................................10%
• BLOMINVEST Bank SAL  ................................................................... 50%
• Al Fozan Holding  ................................................................................15%
• Al-Muhaidib Holding  ...........................................................................15%
• Abed Al Aziz Al Saghir Corporation for Commercial Investments  ......... 5%
• Abed Al Salam Abed Al Rahman Al Akil  ...............................................5%

BLOMINVEST Saudi Arabia will be offering the following services:

• Investment, Advisory and Wealth Management services.
• The launching of Private Equity and Real Estate Funds.
• Financial brokerage services in local and regional markets, direct internet trading platforms and various research services.
• Advisory services for large companies in areas of equity, Sukuk portfolio management and Initial Public Offerings (IPOs).

Amwal Advisory Corp. specializes in Financial Consultancy Services. It is active in the fields of Banking and Finance, Telecommunications, Large Infrastructure (Industrial, Touristic) projects and Real Estate.

Amwal Advisory Corp. has its head office in Manama, Bahrain.