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AHLI UNITED BANK ADOPTS EQUATOR PRINCIPLES

Ahli United Bank (AUB) has adopted the Equator Principles, a globally-recognized benchmark for managing social and environmental risks in Project Finance. AUB will apply the principles to Project Finance activities in all sectors with capital costs of US$10 million or above, in accordance with the Equator Principles declaration.

The Equator Principles are based on the International Finance Corporation (IFC) performance standards on social and environmental sustainability, and on the World Bank Group’s Environmental, Health and Safety general guidelines. The Equator Principles promote socially responsible conduct and sound environmental practices in relation to the Project Finance initiatives. The benchmark seeks to provide a framework against which lending can be assessed, applying to all new Project Finance arrangements above US$10million.

AUB is a major Project Finance player in the Middle East North Africa region. AUB has already put in place IFC’s Social and Environmental Management System (SEMS). The adoption of Equator Principles is in line with AUB’s existing risk framework and corporate ethos & culture of being socially responsible bank. The official adoption of Equator Principles further demonstrates the bank’s commitment to socially responsible lending practices.

For more information on the Equator Principles, please see www.equator-principles.com