Mr. Eisa M. Al Eisa, Managing Director and CEO of Samba Financial Group signed an Agreement with Mr. Abdullah M. Al-Muhanna, CEO of the National Chemical Carrier (NCC) on Monday, December 10, 2007 (corresponding to Thul Qa'da 30, 1428H), by virtue of which Samba will provide NCC with Shariah compliant (Murabaha) term facility of USD 392 million (SR 1,470) million, representing 80% of the total cost for building 10 new chemical tankers (vessels).

Al Eisa expressed his delight on the occasion, pointing out that this is considered to be the largest single shipping deal in the history of the Local Market in terms of amount and number of ships by one Single Bank with a Single Borrower, which reflects our confidence in the borrowing Company and its credit worthiness.

Mr. Abdullah Al-Muhanna extends his thanks to Samba Financial Group for their support. "It is a continuation of our strong relations with the financial sector in general and Samba Financial Group in particular with which we had several previous transactions" says Al Muhanna, and added "this Agreement comes in line with our endeavors to avail of the Shariah compliant financing schemes and investments to support the Company's current and future expansions.