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Intends to Float Part of its Capital for IPO in 2008
TAQA Assigns Samba as the Lead Manager and Financial Advisor
Mr. Eisa Al Eisa, Managing Director and CEO of Samba Financial Group, expressed his gratitude and appreciation for the Industrialization & Energy Services Company (TAQA) for choosing Samba Financial Group as the Financial Advisor and the Lead Manager for TAQA who intends to place part of its capital for IPO during 2008. Al Eisa said "we are proud to participate in this vital stage of TAQA history, which is considered to be a prominent pillar for the national industry, with a vision and capabilities that entitle it to assume a leading role in the national industry and technology transfer". Al Eisa further ascertained that the Company's selection of Samba Financial Group is based on the solid and broad base of many IPO's managed successfully by the Group, and considered to be the largest IPOs in the Kingdom's history.

The Agreement, which appointed Samba Financial Group as the IPO Financial Advisor and Lead Manager, was signed at Samba's Head Office by Dr. Abdul Aziz Saleh Al Jarbou', Chairman of TAQA, and Mr. Eisa Mohammad Al Eisa, Managing Director and CEO of Samba Financial Group.