Essdar Investments Limited (“EIL”) is pleased to announce the sale of Class A Floating Rate Senior Secured Unrestricted Notes (the “Notes”) issued by Blue City Investments 1 Limited. EIL is managed by Essdar Capital Managers Limited (“ECML”), a company authorized and regulated by the DFSA. (EIL and ECML together referred to as Essdar).

EIL was hitherto holding a principal face value amount of the Notes as of 7 November 2006 of USD 658.25 million. EIL had no investments in any other Classes of notes issued by Blue City Investments 1 Limited which were subordinated to the Class A Notes.

Essdar aims to be one of the finest regional financial advisory, asset management and investment firms. Essdar’s shareholders together with their affiliates and investors include Middle Eastern private royal wealth funds, sovereign wealth funds and institutional investors with substantial investments in the global markets. The foundation of Essdar’s approach is to leverage the combined strengths of its stakeholders and focus on its core competencies in sovereign advisory, complex debt restructurings, structured finance and investment solutions.

Press Release Sale of Notes       Notes for editors: Essdar is a 100% owned subsidiary of Essdar Capital Holdings Limited.

Media enquiries:
Company Secretary
Essdar Capital Limited
Tel: +971 4 702 7777
E-mail: info@essdarcapital.com
Web: www.essdarcapital.com

Complinet presented the 5th GCC Regulators Summit in the Emirate of Abu Dhabi under the auspices of the Emirates Securities and Commodities Authority. It was inaugurated by the U.A.E.'s Minister of Economy, H.E. Sultan Bin Saeed Al Mansoori, as well as H.E. Abdullah Al Turifi, the CEO of the Securities & Commodities Authority.

The annual GCC Regulators Summit is the Middle East's leading regulatory, compliance, risk and corporate governance event. It provides an interactive platform for discussing challenges, proposing solutions and sharing best practices amongst the regulatory community.

After a lengthy selection process and award panel discussion, awards are given to compliance and risk professionals in recognition of their achievements and the contributions they have made in keeping their companies at the forefront of the global financial services profession.

Sarah Ingram, Chief Compliance Officer of Essdar Capital won the prestigious Best 2010 Contributor in the Compliance Industry for the Middle East.