Partners with Thailand based Asia Development Consulting Co.Ltd for major development projects.

Manama, Kingdom of Bahrain, October 6th, 2008: Global Banking Corporation B.S.C. (c) [GBCORP], the Bahrain based investment bank today announced that it has signed a Memorandum of Understanding with Asia Development Co. Ltd. [ADCO], Thailand marking GBCORP’s premier investment initiative in the Kingdom of Thailand.

Speaking soon after the MOU was signed, Mr. Ahmed Al Khan, Head of Investment Banking at GBCORP said: “The Memorandum of Understanding provides the framework under which GBCORP and ADCO are able to work together to leverage on investment opportunities in the Kingdom of Thailand.”

Highlighting the tremendous market potential, Mr. Al Khan added that Thailand today stands on the threshold of emerging nations offering investors strategic investment opportunities in key sectors such as; financial markets, energy, medical tourism, infrastructure and real estate development.

“GBCORP’s investment initiative in Thailand is an integral part of its business strategy of building investment bridges linking the region to global markets. The strategic alliance with ADCO is the first step in developing such an investment bridge linking the Kingdom of Bahrain and the Kingdom of Thailand and leveraging on these opportunities by capitalizing on the strong business and political relationships that exist between both kingdoms” he emphasized.

Speaking on the strategic alliance with GBCORP, Mr. Thavatvong Thanasumitra, Director at ADCO said: “The signing of the MOU with GBCORP is the first step in defining the way forward by identifying the right investment opportunities and enabling GBCORP leverage on these opportunities. ADCO is paving the way for GBCORP to build its investment portfolio in Thailand and take advantage of the synergy between both countries to bridge the investment opportunities that exist in the Far East and the Middle East regions.”