London, UK (AGENCIES) April 8, 2014 — Today the President of Legal Escrow Services Limited, Mr. George Matharu and the CEO of Tabarak Investment Bank Limited, Mr. Mohamed Ahmadi announced a deal in which the two companies will use their combined resources to provide long term loans of 15 to 30 years to construction and infrastructure projects that are valued at USD 10 Million and above.
The alliance between the two companies will also allow compliance related activities to be carried out from two major international hubs of London and Dubai. This increases the international presence of both companies.
Additionally, LES has recently formed relationships with the owners of a number of high profile Central London properties and developments. Tabarak’s prestigious clients and network will provide the ideal forum in which to market these sites.
Tabarak Investment Bank Limited is regulated by Dubai Financial Services Authority and incorporated in the Dubai International Financial Centre. TABARAK supports its clients to expand and improve their Global Wealth Management and Trading business by providing expert services through a proven and secure platform.
Legal Escrow Services Limited headquarters are located in London at the prestigious Dashwood House office building on the 17th floor, 69 Old Broad Street, London, EC2M 1QS, Lonon,UK. A new satellite branch has also been established on the 18th floor, 40 Bank Street, Canary Wharf, London, E14 5NR, United Kingdom. Both offices are strategically located to serve their domestic and global clients by Board Members, Staff and Agents being located across the Middle East, Asia and Europe. LES has multilingual staff to ensure that they can accommodate all of the client’s needs.
LES offers a wealth of experience in Banking and Financial transactions and has a range of specialised advisory services for private, SME or corporate clients. Also when required, LES can customise and structure their products and services to meet the specific needs of the clients. They will continue to customise, structure, create and implement funding products and services as the need requires.
Legal Escrow Services Limited owned by Kuwaiti businessman Dr. Faisal Khazaal has made strategic alliances with Tabarak Investment Bank Limited which have given them access to Middle East and GCC region. This has given Legal Escrow Services Limited a substantial foundation of clients to build on, in addition to access to the markets that are most in need of the products and services they offer. The aim of LES is to facilitate the commencement and completion of infrastructure projects, stimulate economy, create employment and combat poverty.
“This relationship will serve to enhance our growing client relationships and business reputation in the Middle East and Gulf Cooperation Council” Mr. George Matharu, President and General Manager of Legal Escrow Services Limited, said.
Mr. Mohamed Ahmadi, CEO and Executive Board Member of Tabarak Investment Bank Limited, agreed and commented that “our Middle Eastern and Gulf Cooperation Council clients have been doing business in London for many decades, and through this alliance we will be able to offer them a more tailored and personal service”.
“Many of these clients have been purchasing property at general retail prices, but now we will be able to provide off-market properties at much more attractive pricing, and the opportunity of investing in development sites with fantastic returns on investment. We can also offer a full service package of construction and design”, said Mr. Kunal Pushkarna, CEO & Head of Business Development of Legal Escrow Services Limited.
“We are delighted to join by LES and looking forward to serve our valuable clients in GCC with their financial needs”, said Mr. Abdelwahab Al-Shihri, Chairman of Tabarak Investment Bank Limited.
“Since our clients from the GCC are always looking for better and best opportunities on their investments, therefore, we have been able to find a solution to their needs through LES UK, we will be able to provide them with such opportunities and services through our companies, LES & Tabarak.”, said Mr. Mohamed Ahmadi, CEO and Executive Board Member of Tabarak Investment Bank Limited.
Mr. Simon Thomas, Head of Finance at Legal Escrow Services Limited confirmed that “asset backed loans are also a good fit for Middle East and GCC clients, as banks in the region continue to enjoy favorable credit ratings and clients can pledge collateral with their bank and issue bank-endorsed Promissory Notes or Bank Guarantees which LES can lend against”.
Mr. George Matharu and Mr. Mohamed Ahmadi concluded their statement by saying “We are excited about these opportunities and cementing our business relationship”.
– Elite Capital & Co.’s Contact Details –
Elite Capital & Co. Limited
33 St. James Square
Telephone: +44 (0) 203 709 5060
Facsimile: +44 (0) 203 709 5061
SWIFT Code: ELCTGB21
— Tabarak Investment Bank Limited – Contact Details —
THE HEAD OFFICE
Tabarak Investment Bank Limited
Legatum Plaza No. 703
DIFC Building 6, Dubai
United Arab Emirates
Tabarak Investment Bank Limited
PO Box : 506824
Telephone : +9714 4504488
Facsimile : +9714 3603397
Swift Code: TIBIAEAD