SIRAJ Capital Ltd, and Johor Corporation, in $500M funds alliance.

Jeddah, Saudi Arabia-- February 12, 2006 -- The Jeddah, Saudi Arabia based SIRAJ Capital Ltd (SIRAJ), and Johor Corp (JCorp) of Malaysia have agreed to develop and launch $500M worth of Shariah compliant investment funds.

Two open ended investment funds are planned; a real estate investment trust (REIT) and a regional private equity investment fund (RUIF) each with an investment size of US$250 million. The REIT fund will focus on real estate investments related to tourism, education, property, industrial and technology parks, and will seek a listing on the Bursa (Malaysian) stock exchange. The RUIF will be focused on investments in strategic private equity sectors like palm oil, bio-diesel, oil and gas industry and other related sectors that have technology-based components. Both funds will seek investors and investment opportunities in both Malaysia and Saudi. The signing ceremony was held in Malaysia in conjunction with last week's three-day official visit by the King of Saudi Arabia, His Majesty King Abdullah Abdul Aziz Al Saud.

"We believe there are exiting investment opportunities, across both countries and we plan to focus on sectors where each country has value add to offer." SIRAJ chairman Dr Ghassan Ahmad Al Sulaiman said in Kuala Lumpur. JCorp chief executive officer Tan Sri Muhammad Ali Hashim confirmed that "These agreements will tap both countries' business strengths and expertise in focused strategic business areas."

SIRAJ Capital is an investment company specialized in developing, seeding and launching a range of innovative Shariah compliant investment funds and investment opportunities. SIRAJ is a subsidiary of the Jeddah, Saudi Arabia based, Ghassan Al-Sulaiman Holding Company and a member of the Al Sulaiman Group of Companies. Solidifying its real estate focus, SIRAJ has forged a strategic alliance with DTZ Corporate Finance, a subsidiary of DTZ Holdings PLC, a global real estate services group with over 190 offices worldwide. SIRAJ and DTZ Corporate Finance are partnering on several fund and project initiatives in Saudi Arabia and Middle East.

Johor Corporation is a Malaysia based state global corporate enterprise, with over 190 companies in its stable. As one of Malaysia's largest conglomerates, JCorp has developed successful core businesses in property development, hotels and resorts, palm oils and healthcare services. JCorp has become a national market leader in several of its core businesses and is looking to leverage its expertise on to global markets. The growth and success of the JCorp group is testimony to the entrepreneurial leadership and business acumen of its top managers as well as the outstanding total effort of its more than 28,000 staff employed, including sizeable teams of professionals in their respective fields of specialization.