Global Banking Ties Up With US Company

MANAMA, 11 May 2008 — Bahrain-based Global Banking Corporation (GBCORP) has has joined hands with a Washington-based investment banking firm Taylor-DeJongh (TDJ) paving the way for the establishment of a subsidiary operation focusing on the fast-growing energy sector. The new subsidiary will be set up as an advisory company offering a full range of industry-related advisory services to GBCORP’s projects.

Ahmed Al-Khan, Head of Investment Banking at GBCORP, said that the new entity would help execute GBCORP’s projects across the hydrocarbon value chain from upstream oil exploration to natural gas, refining, petrochemicals, marketing of refined products and power generation.