RIYADH, 26 February 2006 — In a pioneering move, Saudi Arabian General Investment Authority (SAGIA), Siraj Capital Ltd. and DTZ of the United Kingdom announced the launch of “Siraj Hospitality Investment Company” (SHIC) with a paid up capital of $500 million. A memorandum of understanding (MOU) to form the SHIC, was signed here at the SAGIA headquarters following the announcement.