25 January 2011

In the name of His Highness Sheikh Hamad bin Khalifa Al-Thani, Emir of the State of Qatar

Justice Dohmann, Justice Lord Cullen, Justice Sackville:

The Court has received an Application by the Joint Liquidators under Article 95(1) of the QFC Insolvency Regulations dated 19 January 2011, asking the Court to decide whether Mr Omara is entitled to submit a claim in the liquidation of Al Mal Bank LLC.

Upon reading the Application, the Court RULES that given the formal withdrawal of his claims by Mr Omara, through leading Counsel, before the Court on 14 October 2010, and the consequent dismissal by the Court of Mr Omara's Particulars of Claim and of his action against the Bank, all on 14 October 2010, Mr Omara is not entitled to submit such claims in the liquidation of Al Mal Bank LLC.

This Ruling is subject to a further Ruling as to whether Mr Omara has permission to appeal the Court's Order of 14 October 2010, and, if such permission be granted, to the outcome of the appeal.

By the Court,