ORDER

1. Judgment is given for the Bank against the Borrower and Guarantor jointly and severally in the sum of QAR 19,463,394.21; and

2. The Bank is awarded its reasonable legal costs to be agreed between the parties or, in the absence of agreement, assessed by the Registrar.

JUDGMENT

Introduction

1. The claimant, Blom Bank Qatar LLC, (the "Bank"), is a subsidiary of Blom Bank S.A.L. headquartered in Lebanon and is registered in the Qatar Financial Centre. The first defendant, Qatar Asphalt WLL, (the "Borrower"), is a company registered with the Qatar Ministry of Economy and Commerce, and the second defendant, Eng. Emil Michel Turk, ("the Guarantor"), is of Jordanian nationality.

2. The facts relevant to these proceedings are as follows. On 26 June 2012, the Borrower signed an application for opening an account or accounts with the Bank subject to the Bank's General Terms and Conditions.