RIYADH, 21 February 2005 — Bank Albilad’s Initial Public Offering (IPO), which will run from today to March 9, will largely rely on Internet and phone banking provided by Samba Financial Group. Samba has been selected to manage, run and supervise the 30 million shares of the IPO worth SR1.5 billion, which is half of the capital of the newly incorporated bank at SR50 per share. The IPO’s electronic service provided by SAMBA has been described as telebooking of subscription in the IPO which will save investors time and effort. Samba’s clients will be able to have access to their accounts from any place of the world at any time to subscribe to IPOs managed by Samba. The client can follow a menu of simple and easy instructions to complete booking transactions entirely with utmost security and confidentiality, said a spokesperson from Samba.