Khaleeji Bank

Khaleeji Bank, established in 2004 and headquartered in Manama, Bahrain, is a prominent Islamic bank that offers a comprehensive range of banking and investment services to retail customers, high net worth individuals, corporate entities, and financial institutions. The bank operates through two primary segments: Corporate and Retail Banking, and Investment Banking. Its offerings include Shari’a-compliant products such as Mudharaba, savings, and current accounts, alongside personal, home, and auto financing. Khaleeji Bank also provides wealth management, consumer finance, and project financing services, as well as online and SMS banking options. In the investment sector, the bank engages in fund structuring, private placements, fund administration, and management services. With a network of 11 branches, Khaleeji Bank is dedicated to creating a superior banking experience for its clients while maintaining a strong commitment to Islamic financial principles.

Yaser Ismaeel Mudhafar

Chief Financial Officer

1 past transactions

Locata

Series A in 2008
Locata Corporation has invented ground-breaking new positioning technology. **Locata can fully replicate GPS in any size “local” area** – inside a warehouse, around an airport, across a campus, over an entire city – _without_ needing satellites or the massively complex infrastructure required by nations to put systems in space. This is being hailed as a **game-changing breakthrough** and Locata is the _only_ technology on earth that can do it. Since emerging recently from stealth-mode development, Locata has proven the technology can deliver superbly accurate, reliable positioning in myriad environments where GPS is either flaky or completely unavailable for modern apps. Locata calls this "Your Own GPS". A network of terrestrially-based **LocataLite** beacons transmits proprietary signals which autonomously create a positioning network called a **LocataNet**. This network can operate in tight combination with GPS _or be totally independent of GPS,_ but critically – the position information generated by a Locata receiver is _exactly_ the same as that provided by a GPS receiver. In other words – Locata’s local network delivers _everything_ that GPS does, except the “G”. This allows a LocataNet to powerfully augment – _or completely replace_ – GPS in any given local area. Early adopters are the most demanding, exacting and professional users in the military, mining, construction and aviation markets. Locata has raised the positioning bar even higher in 2015 by commercially rolling out a breakthrough cm-level _indoor positioning system_ based upon a new antenna technology called **VRay**. This new system is providing cm-level positioning to machine and forklift automation applications inside warehouses, and for industrial machines in extremely difficult positioning environments such as ports. Initially, Locata's inventions were almost universally dismissed by the industry as "impossible" – it seemed improbable that a small private company would develop the ability to replicate a system which had needed the development muscle of the entire US military, and which had cost the US taxpayer over $40 billion to put in place. However scepticism evaporated somewhat in mid-2012 when the US Air Force – the inventors of GPS – published a seminal technical article in a leading industry magazine [CrunchBase](http://www.insidegnss.com/node/3071). The extensive article publicly detailed for the first time that Locata was being used by the USAF _to replace GPS_ across a large area of the famed White Sands Missile Range when GPS is being deliberately jammed. Apart from documenting ground-breaking developments which gave this new Locata technology irrefutable validation, the USAF article concluded, quote: “_Locata… is **the key component** for the realization of the USAF’s next-generation Ultra High Accuracy Reference System performance in a GPS-denied environment. This system…. **will become the new “gold standard truth system” for the increasingly demanding test and evaluation of future navigation systems for the U.S. Department of Defense**_” Locata has been awarded a very rare _sole-source contract_ by the USAF to deploy a vast operational LocataNet system to covers over 2,500 sq. miles (6,500 sq. km) of the White Sands Missile Range. This network will provide cm-level (inch-level) positioning for aircraft when GPS is completely jammed. The system is expected to "go live" and be fully operational in Q3/2015. In another clear sign of new and previously unattainable positioning capabilities, Leica Geosystems – one of the world’s largest and most respected GPS companies – is selling a new fleet management automation technology called the Jigsaw Positioning System (JPS) which is “Powered by Locata”. In the print brochure for their new JPS system, Leica called Locata technology “**A Game Changer**” and stated: “They said it couldn’t be done. They were wrong”. [CrunchBase](http://mining.leica-geosystems.com/assets/Brochures/Leica-Jps-LocataAUv2.0s.pdf). Although initially deemed to be impossible, Locata networks have now undeniably demonstrated the unique ability to replicate a GPS satellite constellation locally - on the ground. This ushers in a future where any entity – mine, port, construction site, warehouses, airports, strategic assets – and eventually entire cities – can determine for themselves the reliability and accuracy of positioning they wish to deploy, under their own local control, with complete autonomy. **In summary:** Locata is the inventor, developer and supplier of radically new local wireless positioning technology. This new ability to supply “a local GPS” will forever change what can be done with positioning. The personalized delivery of information across cities to myriad mobile devices – as imagined by Apple, Google, Foursquare, Microsoft, and many others – now has an emerging technology base that will allow it to materialize. Locata can power new generations of positioning apps for future machine and personal mobile devices as it is ported from today’s large industrial-grade system to much less expensive consumer-level GPS chips (this is exactly the same development path that was followed by GPS). Locata will enable previously inconceivable – _in fact truly science fiction levels_ – of positioning performance for mobile devices. Locata has a technology roadmap in place to now evolve its technology “all the way to an iPhone”. Locata now answers the question: "What comes _after_ GPS?"