Possible collaboration between the Al Habtoor Group and Standard Chartered Bank

Press release

Published April 26th, 2011 - 12:16 GMT

Khalaf Al Habtoor, the Chairman of the Al Habtoor Group

Khalaf Al Habtoor, the Chairman of the Al Habtoor Group, recently met with top executives from Standard Chartered Bank to discuss the possibility of embarking on a shared business venture.

The meeting, which took place at the Al Habtoor Head office on Al Wasel Road, on Thursday 21 April, 2011 was attended by Stephen Richards-Evans, Head of Private Banking (West) and Dina Bseisu, Head of Middle East – Private Banking.

The Al Habtoor Group enjoys a good relationship with the bank and the possibility of the two companies collaborating and together expanding beyond the United Arab Emirates was discussed.

Also present at the meeting were Alaa El Husseini, the Chief Operating Officer and Sanjeev Agarwala, the Group Chief Financial Officer for the Al Habtoor Group.

Background Information

Al Habtoor Group

The Al Habtoor Group has grown with the United Arab Emirates. What started out as a small engineering firm in 1970, is today one of the region’s most respected conglomerates with interests in the hospitality, automotive, real estate, education and publishing sectors. The Al Habtoor Group has earned itself a solid reputation both locally and internationally due to the vision of its Chairman, Khalaf Ahmad Al Habtoor.

Company Profile

Standard Chartered Bank

We offer banking services that help people and companies to succeed, creating wealth and growth across our markets. Our heritage and values are expressed in our brand promise – Here for good.

With more than 86,000 employees and a presence in 60 markets, our network serves customers in close to 150 markets worldwide. We're listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.