Dubai, UAE - November 11^th, 2008: Amlak Finance (Qatar), a joint venture between Amlak Finance PJSC and BARWA Real Estate Company, and Landmark Properties, one of the Middle Easts leading real estate firms, today signed a Memorandum of Understanding (MoU) to form Landmark Qatar, a newly established company which will offer brokerage, property consultancy, management and investment advisory services in the State of Qatar.

"The MoU is part of our strategic business plan to strengthen and widen our reach in the state", said Abdulla Jobara Al-Romaihi, Chairman & Managing Director, Amlak Finance (Qatar). "Qatar has a great growth potential and as a combined entity with Landmark Properties, we will offer our customers not only the finest selection of commercial and residential properties but also support them with a wide array of home financing products and services, many of which have been highly successful in other GCC countries."

Al-Romaihi added, "I am confident that our partnership with Landmark Properties will further enhance the booming property market in Qatar and we look forward to a successful business operation."

The initial share holding ratio in the joint venture agreement between Amlak Finance and Landmark Properties will be stipulated as 60% (Amlak Qatar) - 40% (Landmark) respectively.

"We are glad to have partnered with Amlak Finance (Qatar)", said Cliff Kelaita, Chairman & CEO of Landmark Properties. "We are moving as per our expansion schedule targeting six countries in six months. The recent financial meltdown may have marginally slowed down the regional economy; however, we still see a major demand in the real estate sector especially in emerging markets such as Qatar."

Kelaita added, "This year has been a very challenging and busy period for us and despite the financial crisis we still managed to cross the AED 8 billion mark in property sales within the UAE alone, in addition to the launch of Landmark Advisory, our real estate research and analysis division."

Amlak Finance PJSC entered the Qatari market late last year by signing an MoU with Barwa Real Estate Company, the largest publicly listed property developer in Qatar and recently received the license to commence operations from the Qatar Central Bank. Amlaks decision to form a new entity with Landmark Properties to expand operations in Qatar clearly indicates its strong expansion plan and commitment to the region.

Signing the MoU (from left to right): Cliff Kelaita, Chairman & CEO of Landmark Properties; Abdulla Jobara Al-Romaihi, Chairman & Managing Director, Amlak Finance (Qatar)

For further information, kindly contact: Renno Communications Group (Public Relations)
Name:		Samer Renno, CEO/Managing Director
Email:		samer@rennoandassociates.com
Telephone:		+971-50-9561516

Landmark Properties
Name:		Yasmeen Seif
Email:		yasmeen@landmark-dubai.com
Telephone:		+971-4-3298484

BARWA
Name:		Bassel Hanbali, Chief Communication Officer
Email:		bassel.hanbali@barwa.com.qa
Telephone:		+974-6542099

About Amlak Qatar
With QR 500 million, Amlak Finance (Qatar) is a joint venture between BARWA Real Estate Company - 60% and Amlak Finance PJSC - 40% that was licensed by Qatar Central Bank in September 2008.

With the rapid development of the real estate sector in Qatar, Amlak Finance (Qatar) has ambitious plans for the market, which will encompass the introduction of new products and services as well as the customization of existing products to suit the local needs and requirements.

Amlak Finances existing portfolio includes leading edge products and services that have a proven track record and are already available in other markets across the region.

About Landmark Properties
Landmark Properties (LM) is jointly owned by a unique and dynamic group of experienced entrepreneurs with diverse backgrounds in investment banking, real estate development, marketing and Media Production. The company recently formed a strategic alliance with Amlak Finance.

Landmark Properties was created with one goal in mind: to strive to present a standard of real estate services yet to be offered in Dubai through our unsurpassed customer service and state of the art technology. LM boasts a multi-national group of Sales Executives, experienced within their specific fields, providing concentrated attention to individual sectors of the business.

Landmark Properties offer a professional, efficient service, dealing with all aspects of real estate and catering to the needs of both the individual and corporate client, specializing in:

• Residential Leasing
• Commercial leasing
• Freehold Property Sales
• Local(GCC) Property Sales
• Exclusive Project Marketing
• Investments
• Property Management
• Consultation and Advisory

About BARWA
BARWA is one of the premier organizations in the State of Qatar. As the name BARWA or Contractual Commitment suggests, we are inspired by our vision of a glowing future for Qatar.

With business interest in real estate & project development, property & facility management, construction material production, environmental activities & health, banking & finance, hotels & resorts, technology & utility, knowledge & communications and agriculture; BARWA is driven by the conviction that people deserve a comfortable living and working environment.

With extensive operations in Qatar and around the world, we believe that every BARWA project is the seed for an incredible journey, where our greatest achievement is realizing the dreams of our stakeholders. www.barwa.com.qa

About Amlak Finance PJSC
Established in 2000, Amlak Finance PJSC has transformed into a public entity in 2004 and is currently the largest real estate financier in the Middle East by total assets. Amlak Finance is the first specialised home finance provider in the UAE and continues to be a leader in the industry with operations in UAE, Egypt and Saudi Arabia. The company also has plans to launch its operations in Jordan and Qatar this year.