Gulf Petroeum Appoints HAYKALAH  Financial Advisor
Oct. 13, 2009, Jeddah, Saudi Arabia

Gulf Petroleum (M) Sdn Bhd (GPLM) has appointed Saudi investment banking firm HAYKALAH as the lead financial advisor to its proposed development of an integrated oil and gas complex in Malaysia.
The appointment agreement was signed in Jeddah recently between GPLM chairman Dr Omar Zuhair Hafiz and HAYKALAH chief executive officer Hisham A. A. Koshak, GPLM said in a statement today.
The statement quoted Omar as saying that the signing marked a further major progress by GPLM in realising the proposed plan to develop the complex which includes an oil refinery, a petrochemical plant and storage facilities.

He said that since receiving the approval from the Malaysian government last year, GPLM had finalized negotiations with the landowner for the proposed project site.

"Execution of a Memorandum of Agreement with consortium members and the landowner in finalized location in Malaysia is expected to be held by end of October or early November 2009," the statement said.
GPLM managing director Nor Azmi Abdullah said the company had so far received proposals from various groups from the member states of Gulf Cooperation Council, Asia Pacific, Europe and United States including
foreign governments to participate in the project.

Several Memorandum of Understanding and Memorandum of Agreement have also been signed including with the groups from China and South Korea.

"GPLM is hoping to be able to start the construction works by end of 2009 upon receipt of necessary approvals on Environmental Impact Assessment (EIA) and Social Impact Assessment (SIA) from the relevant
authorities in Malaysia," the statement said.

Bernama

HAYKALAH’s staff passed CFA Level 1

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 HAYKALAH’s financial analyst, Sumera Ghias, succeeded in passing the 1^st level of CFA charter, the most prestigious and gold standard exam for finance professionals.

HAYKALAH Launched New website

November 23, 2008, Jeddah, Saudi Arabia

HAYKALAH financial advisory launched their latest website featuring their latest profile and their mission and vision including all the type of services they are rendering as of today. HAYKALAH’s latest website presented also their previous and present handled clients as well as certain topics and links about Islamic Banking.

HAYKALAH Moved to New Location

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HAYKALAH financial advisory moved their Offices from Al-hamra District to Beautat Business Park Building# 6, Located on Sari Street crosses with King road , All HAYKALAH Team are working now from new location , HAYKALAH hope from this moving that to serve their clients better and by easier way.