Fin corp credintials dec 2014

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December 2014 2014 FINCORP INVESTMENT HOLDING SAE CREDENTIALS

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Corporate Credintials

Transcript of Fin corp credintials dec 2014

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December 2014

2014

FINCORP INVESTMENT HOLDING SAE

CREDENTIALS

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CORPORATE PROFILE

December 2014 Page A

CONTENTS

CONTENTS ..................................................................................................................................... A

1. BACKGROUND ...................................................................................................................... 1

2. EXPERIENCE SUMMARY.................................................................................................... 3

3. RELEVANT EXPERIENCE IN THE FINANCIAL SERVICES SECTOR ......................... 8

4. SELECTED CREDENTIALS ............................................................................................... 10

5. KEY MEMBERS OF THE STAFF....................................................................................... 16

5.1 CURRICULUM VITAE OF MOHAMED HAMDY SALEM ............................................. 16

5.2 CURRICULUM VITAE OF SHERIF SAMIR KORAYEM ............................................... 18

5.3 CURRICULUM VITAE OF NIVEEN ISSA SHAHEEN ..................................................... 20

5.4 CURRICULUM VITAE OF RANIA SAID............................................................................ 22

6. SELECTED CLIENTS .......................................................................................................... 25

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1. Background

FinCorp Investment Holding S.A.E. is a fully licensed Investment Banking firm that was established in Egypt in 1998 with a paid-up capital of EGP 20 million. The firm is owned and managed by a group of highly qualified professionals with excellent track record in Corporate Finance and Asset Management. FinCorp is registered with the Financial Supervisory Authority of Egypt (License number 242/1998) and is authorized to provide the following integrated investment banking services:

Financial Advisory Services

Corporate Finance

Portfolio Management

Fund Management

Investment Banking

Corporate Finance

Mergers and Acquisitions

Private Placements

Initial Public Offering

Issuance of Corporate Bonds

Arranging of Loans

Asset Management

Portfolio Management

Fund Management

Financial Advisory

Business Valuation

Fairness Opinions

Feasibility Studies

Strategic Business Planning

Financial & Corporate Restructuring

Corporate Governance

Investor Relations

Treasury Management

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In 2008 FinCorp obtained an additional license from the Capital Market Authority to provide independent Financial Advisory Services. FinCorp was the first professional firm in Egypt to obtain such a license.

FinCorp have strategic alliance with financial advisory firms in Jordan, Lebanon, Syria, Yemen, Libya, Algeria, Sudan, and France.

The brand name of FinCorp is recognized regionally and internationally by investors and financial institutions. The firm has a reputation for insight, financial propriety and independence. Documentation produced by the firm is recognized by international, regional and local organizations, institutions and investors.

The experience of FinCorp spans all major sectors of the economy including:

FinCorp has developed particular expertise in the field of corporate finance and financial advisory services. The experience and expertise of its consultants and professional staff were gained through working with FinCorp with other international firms prior to joining the firm.

Membership in M&A Worldwide FinCorp became a member in Egypt of M&A Worldwide in 2012.

Established in 2004 in Western Europe, M&A Worldwide has grown to be a worldwide network of middle market M&A boutiques with members in 36 countries on five continents. Members share the belief that M&A opportunities do not stop at national borders and that through cooperation between like-minded professionals in selected countries, a client’s interests can best be served.

Manufacturing Tourism Transportation Financial Institutions Energy

Education Real estate ICT Mining

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2. Experience Summary

� Provided advisory services to one of the governmental authorities in KUWAIT in connection with establishing a new city on a land area measuring 140 million m2 with an investment cost of around KD 7 billions. The project is envisaged to be financed using the PPP approach. The new city is planned to include the following components:

� Hotels, � Commercial centres, � Office buildings, � Healthcare facilities, � Leisure and entertainment city, � Educational zone,

� Industrial zone, � Residential Housing, and � Governmental buildings.

� Provided financial advisory services to one of the Saudi real estate development companies concerning the establishment of a major real estate project in Dakar, Senegal. FinCorp Assisted the client in reaching an initial agreement with the Government of Senegal concerning the establishment of a multi-purpose real estate project to be built on a PPP basis. The project includes Residential, Hospital, Hotel, Commercial Mall, Office Building, International School and Healthy Club with their public and service buildings.

� Provided financial advisory services to one of the Italian based business groups concerning the establishment of a major multi-purpose real estate project in Lagos, Nigeria, on a BOT basis. The project’s investment cost has been estimated initially

at around USD 18 billion.

� Conducted a detailed feasibility study for major multi-purpose real estate project in Djibouti. Our client obtained an exclusive concession to develop a new urban community on a plot of land with a total area of around one million square meters located at Haramous residential district, which is considered to be one of the most distinguished areas in Djibouti City. The new community was intended to be designed and implemented according to modern design methods and theories, which takes into account social and environmental measures.

� Provided advisory services to one of the municipal authorities in Saudi Arabia in connection with establishing a new city to be financed using the BOT approach. The

project includes residential units, retail, parking and other facilities.

� FinCorp developed particular expertise in the Airports & Civil Aviation sector and have gained a reputation for the delivery of financial advisory services to Egyptian companies operating in this sector. Our firm has provided financial advisory services to the following sub-sovereign entities during 2009 with the aim of assessing their financing needs over a 10 year period and identifying different options to increase revenues and raise financing required for their investments from different sources

including the issuance of bonds:

� In 2009 FinCorp was requested by Orascom Hotel Holding (OHH), one of the largest tourism groups in Egypt, to provide financial advisory services in connection

with the valuation of the Company's shares.

� In 2006 The Ministry of Transport of the Arab Republic of Egypt (“MOT”), through the Egyptian Railway Projects & Transport Company, mandated FinCorp to prepare a pre-feasibility study to establish the first modern Light Rail Transit System (LRS) in Egypt between Cairo (Ain Shams) and the satellite city of 10th. Ramadan City. The line was envisaged to have a length of approximately 45 km between the two cities and an additional internal LRS network in 10th. Ramadan City. The objective of this

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project is to provide a modern, convenient mode of transport between Ain Shams and 10th. of Ramadan. The proposed LRS was envisaged to be the first link in a more extensive urban transit system, which, combined with a feeder bus system, will go some way to relieve congestion of the roads, improve air quality and reduce the number of accidents along the Cairo-Ismailia corridor. The study prepared by FinCorp assessed the different options to establish the Project (including; PPP or BOOT).

� The professional staff of FinCorp undertook a feasibility study to establish a new venture capital fund to support Egypt’s S & M enterprises in Egypt. The scope of the study, commissioned by the Industrial Modernization Center (IMC), included detailed identification of the financial needs of small and medium size enterprises, performing a market study; undertaking a legal overview; setting organizational and managerial requirements; performing the financial appraisal and evaluating the overall viability of setting up the fund in the Egyptian marketplace.

� FinCorp has developed particular expertise in M&A as a result of undertaking the following assignments:

No. Year Project

1. 2003 Detailed financial and tax due-diligence in addition to a detailed valuation for one of the leading galvanized steel companies.

2. 2003 Detailed financial and tax due-diligence in addition to a detailed valuation for one of the leading food manufacturing companies.

3. 2003 Detailed financial and tax due-diligence in addition to a detailed valuation for one of the leading Commercial Banks.

4. 2004 Detailed financial and tax due-diligence in addition to a detailed valuation for one of the leading steel bars manufacturing companies.

5. 2005 Detailed financial and tax due-diligence in addition to a detailed valuation for one of the leading IT companies.

6. 2007 Detailed financial and tax due-diligence in addition to a detailed valuation for one of the leading steel billets manufacturing companies.

7. 2007 Detailed financial and tax due-diligence in addition to a detailed valuation for one of the leading fine paper manufacturing companies.

8. 2008 Detailed financial and tax due-diligence in addition to a detailed valuation for one of the leading biomedical companies.

9. 2009 Financial Restructuring of one of the leading fertilizer companies

10. 2010 Advising a company in the satellite business in raising required capital increase and arranging for the required debt finance.

11. 2011 Advising a leading pharmaceutical supplies company on raising its capital through the introduction of new investors.

12. 2012 Assisting the shareholders of one of the pharmaceutical companies in selling the company to one of the international pharmaceutical companies.

� FinCorp was retained by Islamic Company for the Development of the Private Sector (a member of the Islamic Bank for development) to review and validate a feasibility study for a large Sugar Refining project to be established in Yemen.

� In anticipation of the Housing & Development Bank (HDB) of Egypt planned Initial Public Offering process (IPO) FinCorp was retained in 2009 by HDB to provide

necessary financial advisory services.

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� FinCorp undertook a detailed feasibility study to establish the first Mortgage Company in Egypt. The issued capital of this company, LE 500 million, was promoted among Islamic banks and insurance companies, international development

institutions, other Islamic financial institutions and investors.

� FinCorp consultants undertook a detailed feasibility study to establish a new Islamic bank in Bahrain. The issued capital of this company, USD 100 million, will be promoted among Islamic banks and insurance companies, other Islamic financial

institutions and investors.

� FinCorp was retained by to the Arab International Bank, Egypt to evaluate the performance of the investment division of the bank. AIB was established in Egypt in 1974 by the governments of Egypt, Libya, UAE, Qatar and Oman in addition to other investors. The mandate given to FinCorp was to:

� Assess the performance of AIB’s LT investment activities being the major

contributor to the Bank’s profits,

� Assess possible restructuring options for that division and recommend the most

appropriate one, and

� Drawing a strategic business plan for the division.

� FinCorp carried-out a detailed feasibility study to establish a new re-insurance company in Saudi Arabia. The issued capital of this company, SR 100 million, will be promoted among banks and insurance companies, other financial institutions and investors.

Prior to and after joining FinCorp, FinCorp's professionals directed/managed a large number of financial advisory assignments to some leading Egyptian and foreign companies operating in key economic sectors. A sample of such assignments is represented hereunder:

� Energy

� Egyptian International Petroleum Marketing Company

� PETROMAINT-Alexandria Petroleum Maintenance Company

� AL-Babtain Power & Telecommunication Co.

� Banks

� Commercial International Bank (CIB)

� Societe Arab Internationale du Banque (SAIB)

� Misr International Bank (MIBank)

� African Development Bank (Ivory Coast)

� National Societe General, Egypt

� Industrial Development Bank (Yemen)

� HSBC – Egypt

� Housing & Development Bank, Egypt

� Cairo Barclays Bank

� Housing Development Bank, Yemen

� Banque du Caire et du Paris

� Agricultural Development Bank, Yemen

� Export Development Bank of Egypt

� A new Islamic Investment Bank, Bahrain

� Egyptian American Bank

� A leading Islamic Bank, Syria

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� Financial Institutions

� A leading Consumer Finance company, Saudi Arabia

� A leading Consumer Finance company, Qatar

� Libyan Insurance Company

� Al-Shark Insurance Company

� Arab International Insurance Company

� A new financial leasing company, Egypt

� Manufacturing � A major Automotive Assembly company, Egypt

� Alexandria Iron & Steel Company, Egypt

� A Car Battery manufacturing company, Sudan

� A Car Battery manufacturing company, Sudan

� Suez Steel Company, Egypt

� A leading edible oil company, Jordan

� Tasty Foods Company, Egypt

� Abu Kir Fertilizers Company, Egypt

� Al-Ain fertilizers Company, UAE

� Al-Babtain Cartons Company, Saudi Arabia

� ASEC Cement Company, Egypt

� Sinai Cement Company, Egypt

� Egyptian Company for Food Products, Egypt

� El-Nasr Castings Company, Egypt

� General Motors, Egypt

� Pfizer Pharmaceuticals, Egypt

� Sedeco Pharmaceuticals, Egypt

� A Sugar Refinery project in Alexandria, Egypt

� A major edible oil & fats project in Egypt

� Tasty Foods, Egypt

� Egyptian Company for Food Products, Egypt

� Nile Company for Food Products , Egypt

� Healthcare � A major Dermatology company, Saudi Arabia

� A new General Hospital, Egypt

� Mining � El-Nasr Mining, Egypt

� Hamash Gold Mining Company

� Education � A leading group of Educational Institutions in Egypt

� A Leading private university in Bahrain

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� Construction & Real Estate Development � Arab Contractors (Osman A. Osman), Egypt

� Atlas Construction Company, Egypt

� General Construction Company, Egypt

� Egypt Real Estate Development Company, Egypt

� Hassan Allam & Sons, Egypt

� Mena for Real Estate Development, Egypt

� A major Real Estate project in Damietta, Egypt

� A major Real Estate Development company, Saudi Arabia

� A major Real Estate Development company, Qatar

� A major Real Estate Development company, Egypt

� Hotels and Resorts

� Oberoi Sahl Hashish Resort, Egypt

� Abu Suma resort, Red Sea, Egypt

� Ain Sukhna mega resort, Red Sea, Egypt

� Nile Hilton Hotel, Cairo

� Ramses Hilton hotel, Cairo

� Sahl Hashish Tourism Development Company

� Orascom for Hotels, Egypt

� Intercontinental Hotel, Hurghada

� Safir hotel & Resort, Hurghada, Egypt

� Sofitel Resort, Sharm El Sheikh

� Sofitel Resort, Cairo

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3. Relevant Experience in the Financial Services Sector

FinCorp developed particular expertise in the financial leasing and real estate mortgage sector and have gained a reputation for the delivery of financial advisory services to Egyptian companies operating in this sector. Our firm has provided financial advisory services to the following companies during the last five years:

• Feasibility study to establish a new financial leasing company in Egypt; for a major Omani business group.

• Feasibility study to establish a new financial leasing company in Egypt; for a major Qatari business group.

• Feasibility study to establish a new financial leasing financial leasing company in Egypt; for a group of Egyptian banks.

• Feasibility study to establish the first real estate mortgage company in Egypt; for a group of Egyptian financial institutions.

• Feasibility study to establish the fifth real estate mortgage company in Egypt; for one of the major business conglomerates in Egypt.

• Feasibility study to establish the eighth real estate mortgage company in Egypt; for a group of Kuwaiti and Egyptian business groups.

Example of Other Financial Advisory Services

FinCorp consultants possess considerable experience in the finance and investment field. The experience and expertise of our consultants were gained through working with our firm or with other international firms prior to joining us. Our firm was awarded some important assignments over the past few years; most notably of which are the following assignments:

� A Large Saudi Consumer Finance Company

In 2008 FinCorp assisted its sister company in Riyadh, Saudi Arabia in closing a major deal involving the acquisition of a large Saudi consumer finance companies by one of the top investment banks in the Middle East. The size of the deal is equivalent to LE 375 million.

� Establishment of a Venture Capital Fund for SMEs

The professional staff of FinCorp undertook a feasibility study to establish a new venture capital fund to support Egypt’s S & M enterprises in Egypt. The scope of the study, commissioned by the Industrial Modernization Center (IMC), included detailed identification of the financial needs of small and medium size enterprises, performing a market study; undertaking a legal overview; setting organizational and managerial requirements; performing the financial appraisal and evaluating the overall viability of setting up the fund in the Egyptian marketplace.

� Establishment of an Investment Company in Saudi Arabia

FinCorp prepared a study to establish a new Investment (Private Equity) company in Saudi Arabia. The scope of the study, commissioned by one of the Saudi investors, included identification of marketing opportunities in different economic sectors; structuring of the company; establishing investment strategy and regulations; identifying organizational and managerial requirements; performing the financial appraisal and evaluating the overall viability of setting up the company.

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� Establishment of an Investment Bank in Bahrain

FinCorp consultants undertook a detailed feasibility study to establish a new Islamic bank in Bahrain. The issued capital of this company, USD 100 million, will be promoted among Islamic banks and insurance companies, other Islamic financial institutions and investors.

� Establishment of a New Reinsurance Company in Saudi Arabia

FinCorp carried-out a detailed feasibility study to establish a new re-insurance company in Saudi Arabia. The issued capital of this company, SR 100 million, will be promoted among banks and insurance companies, other financial institutions and investors.

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4. Selected Credentials

Project Name Overview

Egypt

Financial Advisory Services – NAVISAT

Middle East & Africa

Company

April 2010 – Ongoing

In 2004 The Egyptian Ministry of Civil Aviation Authority through the Egyptian Aviation Holding Company (EAHC) took the lead to initiate the Geostationary Satellite NAVISAT Project aimed at providing satellite-based air navigation and safety communication services over Africa and some surrounding countries. A preliminary feasibility study was conducted in 2004/2005 by Egypt Civil Aviation Authority, having the expertise in CNS/ATM technology, and Alcatel Space which has a demonstrated expertise in the design and deployment of telecom and satellite navigation systems. The study results were the production of the Preliminary Technical Specifications of the Services and the NAVISAT System, Preliminary Business Plans, and an Implementation Roadmap for the NAVISAT Project. The results of the preliminary study and project concept have also been reviewed and approved by the major civil aviation entities (ICAO, ACAC, ASECNA, …etc.) in the region, setting the scene for the launch of the second phase activities of the project for carrying out the necessary detailed feasibility studies.

The overall goal of NAVISAT is to contribute to improving Communications, Navigation, Surveillance – Air Traffic Management services that would provide cost-Effective satellite communications and major improvements in the aeronautical services, thus enhancing safety and efficiency of air transport.

Egypt

Assessing the financial needs and identifying

possible sources of finance for public sector

companies operating in

the Airports and Air

Navigation sector

March 2009 – August 2009

Considering the major expansion projects undertaken by public sector companies operating in the Airports and Air Navigation sector in Egypt;

- The Egyptian Holding Company for Airports & Air Navigation

- Cairo International Airport Company

- Egyptian Airports Company

- National Navigation Services Company

- Aviation IT Company

the concerned holding company invited FinCorp to prepare a detailed study to estimate each affiliate company’s financial needs over a ten year period taking into consideration the expected volume of traffic and business and its impact on revenues and on the need to invest in expansion projects.

After identification of financial gaps FinCorp proposed different alternatives and sources to raise finance for each company (including issuance of bonds).

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Project Name Overview

Egypt

Prefeasibility study to Establish a Light Rail

Transit System to connect

Ain Shams district with

the 10th. Ramadan Industrial city- Cairo,

Ministry of Transport

2006

Prefeasibility study to establish the first modern Light Rail Transit System (LRS) in Egypt between Cairo (Ain Shams) and the satellite city of 10th Ramadan City. The line was envisaged to have a length of approximately 45 km between the two cities and an additional internal LRS network in 10th of Ramadan City. The objective of this project is to provide a modern, convenient mode of transport between the two cities. The proposed LRS was envisaged to the first link in a more extensive urban transport system

Kuwait

Financial advisor for the Public Authority for

Housing Welfare in

Kuwait for developing Al-Kheiran City

December 2009 – April 2010

Prepare a detailed feasibility study to assess the different options to establish Al Kheiran City in Kuwait (including PPP or BOOT), determine the financing needs, and assess the viability of establishing the project on an area of 140 million square meters, with an investment cost estimated at around $17 billion.

Egypt

Financial advisor for OUIA Real Estate

Investment Co.

August 2009 – September 2009

FinCorp acted in collaboration with a leading engineering consultancy company in Egypt as advisors to OUIA Real Estate Investment Co. - one of the leading real estate development companies in Egypt - to prepare an integrated feasibility study and determine the funding requirements for the establishment of a multi-purpose project in Cairo. The project will be established over an area of 380 thousand square meters and its investment cost is estimated at USD 1.7 billion.

The project includes the following components: Hospital, Hotel, Commercial Mall, Office Building, and International School.

Saudi Arabia

Feasibility Study to establish a new city in

Makkah- Saudi Arabia

March 2010 – August 2010

Assess the viability of establishing Umm Al Joud City in Makkah, KSA, on an area of 670 thousand square meters, with investment cost estimated at about SR1 billion equivalents to around $267 million.

Egypt

Feasibility Study to establish a petroleum

products and services marketing company

January 2011– April 2011

A detailed feasibility study to establish a petroleum products and services marketing company. A value chain analysis was performed to identify market opportunities for the company.

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Project Name Overview

Egypt

DAMAC Properties for Development

A feasibility study to assess the viability of establishing Hyde Park project in New Cairo. Hyde Park is a major real estate project that has residential commercial, and administrative components.

Egypt

Financial advisor for Al Babtain Power and

Telecommunication

Company

July 2009 – September 2009

A detailed feasibility study to establish a specialized electrical contracting company. The study identified opportunities available for the company in the value chain of the Power and Telecom industry.

Egypt

Financial advisor for

Orascom Construction Industries

April 2008 - May 2008

As an independent financial advisor, FinCorp was requested by OCI to issue a Fairness Opinion as to the fair market value of OCI's shares. FinCorp considered a value chain analysis for both the Construction and Fertilizers industries to reach a fair market value of the company’s shares.

Egypt

Financial advisor for the

Industrial Modernization Center (IMC) to establish

a Venture Capital Fund

for Small and Medium

Enterprises (SME)

FinCorp prepared a detailed feasibility study to establish a new SME Private Equity Fund in Egypt which aims at investing in privately owned, financially viable, and promising SMEs with high growth potential and in need for expansion. Both equity and /or mezzanine financing may be provided. The initial capital of the Fund is USD 30 million. The Fund will be managed by one of the reputable fund management companies.

Egypt

Galva Metal

Valuation study to invite potential investors to participate in the sale of the company’s share capital.

Egypt

Egyptian Italian Paints Co.-Euroquarzo

A feasibility study for the tiles production Company to promote a stake of the company’s shares among potential investors and to assist the company in securing necessary bank loans and facilities.

Egypt

Sinai Cement

A feasibility study to assess the viability of establishing a new cement production line with a capacity of 10,000 clinker per day. In addition, FinCorp was also requested to assist the company in promoting the stake of the company’s capital increase to potential investors and also to assist in securing the required loans for financing the second production line.

Egypt

International Co. for Refrigeration &

Appliances (Iberna)

Private placement offering of a capital increase amounting to LE 10.463 million distributed among 208,676 ordinary shares representing 47% of capital with an offering price of LE 50 per share. The proceeds will be used to finance the new expansion facility that will be established in 2001 to penetrate the household appliances market

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Project Name Overview

Egypt

German Industry Co. (GIC)

A feasibility study to raise a long term loan of US$ 2.6 million that will be used to finance part of the construction cost of The German Chamber Tower which would be occupied by the German Arab Chamber of Industry and Commerce (GACIC), selected German, European and Egyptian organizations

Egypt

Electro Cable Egypt Company

A valuation study to determine the fair value of the capital increase shares of Electro Cable Egypt Company, in preparation for offering those shares to its existing shareholders. FinCorp has prepared all the necessary marketing, technical and financial studies.

Egypt

The Savola Group

A feasibility study (in cooperation with representatives of KPMG Hazem Hassan at Jordan) to assess the viability of continuing operating one of the Company's factories in the Middle East

Egypt

Rajhi Steel (Acquisition of Suez Steel Company)

A valuation study to determine the fair value of the shares of Suez Steel Company, in preparation for acquiring its shares by Rajhi Steel Company. FinCorp has supervised the technical, financial and legal due diligence, and provided help in negotiations.

Egypt

The Saudi Company for Investment and Industrial

Development

A valuation study to determine the fair value of the shares of The General Company for Paper Industry "Rakta”, in preparation for acquiring its shares by the Saudi Company for Investment and Industrial Development. FinCorp has prepared all the necessary marketing, technical, financial studies, and due diligence.

Egypt

Universal Group

A valuation study for each member company in the group in order to identify the fair value of the Group’s companies.

Egypt

Egyptian Financial and Industrial Co. EFIC

Fincorp prepared a valuation study and financial restructuring for EFIC and its affiliate company Suez Fertilizers Production Company. Fair values were estimated at LE 1.14bn and LE 643mn respectively.

Egypt

Financial advisor for Alexandria Petroleum

Maintenance

(PETROMAINT)

PETROMAINT provides the highest level of periodical and pre-emptive maintenance services as well as the technical services, construction works, maintaining and amending all types of petroleum projects in addition to providing services of maintenance outside the oil sector for industrial companies in general. FinCorp prepared detailed economic, market and financial studies for the company as part of the value chain of the Oil and Gas industry.

Egypt

Trading Contracting Scientific Co. - TRASCO

A feasibility study to assess the viability of establishing Egyptian Italian Company for Brick Manufacturing with a an investment cost of LE 18 million. In addition, FinCorp was also requested to assist the company in promoting a stake of the company’s capital to potential investors and also to assist in securing the required loans.

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Project Name Overview

Egypt

Sugar Refinery

FinCorp has prepared all the necessary marketing, technical and financial studies, and assisted in raising the required funds to establish a sugar refinery in Alexandria with a production capacity of 600 thousand tons per year. The total investment cost of the project is LE 560 million.

Egypt

ACMA - Arab Co. for Medical Appliances

A feasibility study to assess the viability of establishing a factory for glass ampoules production with a capacity of 80 million ampoules per year.

Egypt

Saudi Egyptian Company for Filters Manufacturing

FinCorp was asked to prepare all the necessary marketing, technical and financial studies to establish a factory for production of automobile filters in 10th of Ramadan City.

Egypt

Medical City Hospital Company

A feasibility study to assess the viability of establishing a hospital for cardiovascular surgery In collaboration with one of the French specialist bodies in the field of cardiovascular surgery, with a an investment cost of LE150 million. In addition, FinCorp was also requested to assist the company in raising the required funds from different sources of finance.

Egypt

Egypt Medical Company for Hospital Formation

A feasibility study to assess the viability of establishing a hospital for orthopedic surgery In collaboration with one of the Dutch specialist bodies in the field of orthopedic surgery, with a an investment cost of LE150 million. In addition, FinCorp was also requested to assist the company in raising the required funds from different sources of finance.

Egypt

Al Rowad for Food Industries – Rofi

FinCorp has prepared a business plan and valuation study report for the purpose of estimating the fair market value of the Company, in light of the need to raise the required funds (about LE 90 million) for establishing a new production line for processed chicken and beef products.

Egypt

National Company for

Maize Products

FinCorp was asked to prepare all the necessary marketing, technical and financial studies, and to assist in raising the required funds to establish the first factory in Egypt for production of Sorbitol substance (an alternative for natural sugar). Sorbitol is totally imported in Egypt.

UAE

Emirates Biotech Pharmaceutical Factory -

EBPF

EBPF asked FinCorp to prepare all the necessary marketing, technical and financial studies, and to assist in raising the required funds to establish new production lines for Insulin Crystals and other products such as (Human Growth Hormone, Interferon Beta, Erythropoietin and Granulocyte Colony Stimulating Factor).

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Project Name Overview

Egypt

Ghassan Gold & Jewelry – Saudi Arabia

FinCorp was asked to prepare all the necessary marketing, technical and financial studies to establish a factory for production of gold and jewelry in Egypt. FinCorp prepared the company's credit file and is assisting in raising the required funds for the project (about LE110 million). Total investment cost is estimated at LE226 million.

Egypt

Hebi Biotech

Hebi Biotech asked FinCorp to prepare all the necessary marketing, technical and financial studies, and to assist in raising the required funds to establish new production lines for Insulin Crystals and Human Growth Hormone in Suhaj. In addition, FinCorp was also requested to assist the company in raising the required funds from different sources of finance.

Egypt

Factory for Flat Glass Production

FinCorp has prepared all the necessary marketing, technical and financial studies to establish a factory for flat glass production in Ain Al Sukhna region, Suez City. The total investment cost of the project is LE 500 million.

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Mohamed Hamdy Salem Chairman & Managing Director FinCorp Investment Holding SAE. 71, Musaddaq st., Dokki, Giza, Egypt Direct: +202.3749.5757 , ext:101 Main: +202.3749.5757 Fax: +202.3335.8978 [email protected]

Professional History

• CEO & Managing Director, FinCorp

• Head of Corporate Finance, KPMG Hazem Hassan Management Consultants

• Partner, KPMG Hazem Hassan Management Consultants

• Manager, KPMG Hazem Hassan Management Consultants

• Senior Consultant, KPMG Hazem Hassan Management Consultants

Education

• Post Graduate Studies in Economics, Financial Planning and Management Accounting, McGill University, 1979

• Bachelor of Commerce, Cairo University, 1967

Membership in Professional Societies

• Egyptian Capital Markets Association

• The Institute of Management Consultants, USA

Industry Experience

Directed, coordinated, led and conducted a multitude of assignments, comprising multi-disciplinary teams of professionals, in the following sectors in Egypt, several Arab countries and Africa

• Energy

• Real Estate

• Capital Markets

• Construction

• Manufacturing

• Tourism

• Banking

• Telecommunications

Languages

Arabic: Excellent

English: Excellent

5. Key Members of the Staff

5.1 CURRICULUM VITAE OF MOHAMED HAMDY SALEM

Mr. Salem joined FinCorp in 2000 as C.E.O. and Managing Director. Previously Mr. Salem was Head of KPMG Hazem

Hassan Corporate Finance Practice in Egypt, as well as coordinator of KPMG’s Corporate Finance network in the Middle East. He has accumulated over 27 years of experience in senior Corporate

Finance positions leading to in-depth experience in the following activities:

Key Areas of Expertise:

1. Privatization/Business Valuation • Privatization of the Marine Division of the

Petroleum Projects and Technical Consultation Co,

• Privatization of Metalco,

• Financial Restructuring of the Egyptian Copper

Works company,

• Financial Restructuring of Abu Qir Fertilizers,

• Privatisation of Misr Tax Free Shops,

• Privatization of Egypt Telecom,

• Privatisation of NEEASAE,

• Financial Restructuring of the Industrial Gases

Company,

• Valuation of Misr Travel,

• Financial Restructuring of Osman Ahmed Osman.

2. Mergers & Acquisitions • Sale of a Middle Tier Egyptian Bank,

• Qaha and Edfina,

• Acquisition of Dolce by Nestle,

• El Rowad Brokerage,

• Telemisr,

• Egyptian Glass Company

3. Private Placements • Biopharma Group.

• Egyptian British Company for Development.

4. Restructuring Experience • National Bank of Egypt,

• El Nasr Casting Company,

• Egyptian Vineyards Company,

• Phillips Factory for Consumer White Goods.

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1. Business valuations in the financial sector » Three major insurance companies, » Brokerage firm,

» Financial leasing company, » over twenty commercial and foreign banks,

» Intermediary financial » institution

2. Feasibility Studies for » Establishment of a Venture Capital Fund to finance small and medium size enterprises,

» Establishment of a Real Estate and Touristic Investment Holding Co,

» Closed End Real Estate Fund,

» Real Estate Mortgage Company.

Experience with International Institutions

» International Financial Institutions (e.g. World Bank, African Development Bank, Islamic Development Bank, etc.);

» Foreign Government Agencies (e.g. USAID, KFW, GTZ, JETRO,.. etc.);

» Banks (e.g. Standard Chartered Bank, Arab Banking Corporation..etc);

» Manufacturing Companies (e.g. General Motors, Nestle, PepsiCo.);

» Pharmaceutical Companies (e.g. Pfizer);

» Electronics Companies (e.g. ICL, Phillips).

Experience in different countries:

All relevant pertaining experience was undergone in Egypt, Africa, Canada and Saudi Arabia.

Employment Record:

» Position Chairman & Managing Director

Company FinCorp Investment Holding S.A.E.

Date January 2000 – up to date

Location Cairo, Egypt

» Position Head of Corporate Finance

Company KPMG Hazem Hassan

Date 1995 – December 1999

Location Cairo, Egypt

Description Managing a team of corporate finance consultants

» Position Senior Consultant, then a Manager, then a Partner, Financial Advisory Services

Company KPMG Hazem Hassan Management Consultants

Location Cairo, Egypt

Date 1984 – 1995

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Sherif Samir Korayem

Senior Manager

FinCorp Investment Holding SAE.

71, Musaddaq st., Dokki, Giza, Egypt

Direct: +202.3749.5757 , ext:102

Main: +202.3749.5757

Fax: +202.3335.8978

[email protected]

Professional History

• Senior Manager, FinCorp

• Investment Banking Advisor,

PriceWaterhouseCoopers

• Senior Consultant, KPMG Hazem

Hassan Management Consultants

• Assistant Advisor, Ministry of Public

Enterprise Sector

• Project Analyst, Misr Iran

Development Bank (MIDB)

Education

• MBA, Maastricht School of

Management, Netherlands, In

Progress

• B.A. Economics, The American

University in Cairo (AUC), 1990

Industry Experience

Directed, coordinated, led and

conducted a multitude of assignments,

comprising multi-disciplinary teams of

professionals, in the following sectors in

Egypt, several Arab countries, Europe,

and USA

• Real Estate

• Capital Markets

• Construction

• Manufacturing

• Tourism

• Banking

• Telecommunication

• Transportation

Languages

Arabic: Excellent

English: Excellent

5.2 CURRICULUM VITAE OF SHERIF SAMIR KORAYEM

Mr. Korayem joined FinCorp in 2004 as Senior Manager. Previously Mr. Korayem was Investment Banking Advisor of

PriceWaterhouseCoopers USAID Privatization Implementation Project in Egypt. As well as Senior Consultant of KPMG Hazem Hassan’s Corporate Finance in Egypt, and has accumulated over 20

years of experience in senior Corporate Finance positions leading to in-depth experience in the following activities:

Key Areas of Expertise:

• Business Valuation

» Leather manufacturing company, Steel manufacturing company, Four public sector Cement companies, Two

Metallurgical industries companies, Refractory manufacturing company, Rubber manufacturing company, Two paper converting companies, Vehicle

spare parts manufacturing company.

» Dairy processing company, Two food processing companies, Meat processing company, Snack

manufacturing company, Two Public Sector Sugar companies, and Edible oil manufacturing company.

» Two Sharia-compliant finance company in, Stock brokerage company, and Financial Services company.

» Major real estate complex.

» Two major Trading companies.

» Small-size software house, Medium-size mobile services company, Early-stage small mobile services company, and Medium-size ISP company.

• Private Placement Memoranda

» Public sector contracting company, Tourism project, IT company, Fertilizers company, Cement company, Steel

company, Trading company, Sugar company, Refractories company, Food processing company, Financial Leasing company, Cement Company, and

Food Processing Company.

• Feasibility Studies/Business Plans

» University in Manama, Eyewear Company, Two Sugar

refineries, Sharia-compliant Investment banking firm, Airline company, Residential-commercial complex, Real estate project, Renewable Energy Project, and

IT/Telecom Services Project.

Experience with International Institutions

♦ Foreign Government Agencies (e.g. USAID);

♦ Universities (e.g. University of Maryland, Maastricht School of Management, etc.);

♦ Banks (e.g. Misr Iran Development Bank.);

♦ Technology Companies (e.g. Minah Ventures, Silicon Valley).

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Experience in different countries:

All relevant pertaining experience was undergone in Egypt, Saudi Arabia, Qatar, Bahrain, Syria, UAE, Russia, France, and USA.

Employment Record:

» Position Senior Manager

Company FinCorp Investment Holding S.A.E.

Date April 2004 – up to date

Location Cairo, Egypt

Description Managing a team of financial consultants providing financial advisory services on all aspects of corporate finance

» Position Investment Banking Advisor

Company PriceWaterhouseCoopers

Date September 2000 – April 2004

Location Cairo, Egypt

Description Co-Managing a USAID Privatization Implementation Project

» Position Senior Consultant

Company KPMG Hazem Hassan Management Consultants

Date January 1999 – August 2000

Location Cairo, Egypt

» Position Assistant Advisor

Company Ministry of Public Enterprise Sector

Date February 1994 – January 1999

Location Cairo, Egypt

» Position Project Analyst

Company Misr Iran Development Bank

Date May 1990 – February 1994

Location Cairo, Egypt

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Niveen Issa Shaheen Financial Advisor FinCorp Investment Holding SAE. 71, Musaddaq st., Dokki, Giza, Egypt Direct: +202.3749.5757 , ext:114 Main: +202.3749.5757 Fax: +202.3335.8978

Professional History

• Financial Advisor, FinCorp

• Partner, KPMG Hazem Hassan Management Consultants

• Assistant to the Minister in charge of the Economic Department, Ministry of Industry & Technological Development

• Member of the ‘Core Team’ managing the ‘PERPP Project’ funded by the European Commission, PWC/SOFRECO

• Senior Manager, KPMG Hazem Hassan Management Consultants

• Partner, Deloitte Touché Tohmatsu International - Shawki & Co.

Education

• Advanced Course in Corporate Finance, KPMG, Head Quarters, Egypt, 2008

• Advanced Course in Methods of Finance “Public Private Partnership” (PPP), KPMG, Head Quarters, Amsterdam,1998

• Advanced Strategic Management Course, Arthur D. Little Management Institute, USA, 1989

• Masters Degree in Marketing, Cairo University, 1982

• Bachelor of Business Administration, Alexandria University, 1974

Membership in Professional Societies

• American Chamber of Commerce

Languages

Arabic: Excellent

English: Excellent

French: Fair

5.3 CURRICULUM VITAE OF NIVEEN ISSA SHAHEEN

Ms. Shaheen graduated in 1974 with a major in Business Administration from Alexandria University. In 1982 she acquired a

Master degree in marketing and then trained in Arthur D. Little Management Institute in the United States. Niveen has been working in investment banking activities, and

Consulting Advisory Services for more than 20 years. During this period she developed extensive experience in business development, with a proven track record in business valuations,

privatization and restructuring studies, mergers and acquisitions, investment promotion, private placements and initial public offerings and tendering process. This enhanced her capabilities in

providing professional services to a wide range of diversified customer base in Egypt, and other Regional Countries.

Niveen assisted key players in Telecommunications, Tourism, Steel, Banking and other major Industries in the process of fund mobilization through financial institutions, mutual funds, bond

issuance and shares floatation. The responsibilities of Ms. Shaheen included the preparation of valuation and prospectuses (information memoranda), used as

promotional tools among potential investors, as well as, financial Institutions and mutual funds. She has also been involved in developing various alternatives of physical managerial and financial

restructuring studies to redress the capital structures of public and private sector enterprises, before floatation.

Employment Record:

» Position Financial Advisor

Company FinCorp Investment Holding S.A.E. Date September 2009 – Present Location Egypt

» Position Partner

Company KPMG-HHC Corporate Finance Practice - Egypt

Date April 2003 – September 2009 Location Egypt Description In her capacity as partner Niveen was in

charge of financial advisory services, fund mobilization and valuation studies for a wide range of companies in different economic sectors. Niveen also assisted key players in the process of bonds issuance and shares floatation in Egypt such as RAYA, Orascom Telecom (and affiliates), Telecom Egypt, Orascom Construction Industries (and affiliates), as well as, Credit Agricole Indosuez, Credit Lyonnais, Nile Communication Network (NCN) and Cable Network Egypt, key players of Cement Industry, and key players of Steel Industry etc. She also assisted KPMG-Germany in performing the “Strategic Study to Upgrade Egypt’s Automotive Sector” prepared for the Industrial Modernization Centre (IMC).

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» Position Assistant to H.E. the Minister in charge of the Economic Department in the Technical Office of His Excellency.

Company Ministry of Industry & Technological Development (MITD) _ Technical Office of

H.E. the Minister of Industry

Date July 2002- March 2003

Location Egypt

Description Niveen was in charge of re-engineering/restructuring MITD affiliates. Her role was focused on assisting and supporting MITD affiliates in forming corporate structures,

developing awareness of market orientation setting out market strategies to enhance their competitiveness, effectiveness and efficiency within the Egyptian market in order to operate as self sustainable entities. To achieve this objective she conducted

thorough analysis, “Diagnostic Studies and SWOT Analysis” to identify the problematic areas, and then set out recommendations for re-engineering and/or

restructuring.

» Position Member of the ‘Core Team’ managing the ‘PERPP Project’ funded by the European Commission.

Company PWC/SOFRECO

Date June 2001- June 2002

Location Egypt

Description In her capacity as a Corporate Finance, Valuation and Promotion expert, she was

responsible for identifying problematic areas in distressed Companies owned by the Metallic Industries Holding Company (MIHC), in order to set out financial

restructuring plans for redressing their financial structures (through debt/equity swaps interest forgiveness, as well as, the issuance of convertible debentures), prior to privatization.

Niveen was also in charge of performing business valuation to arrive at a fair market value of each company, as well as, developing privatization options and strategies.

Her role included the development of the overall promotion plan in order to market the saleable candidates among local and regional potential investors.

» Position Senior Manager

Company KPMG -HHC Corporate Finance Practice - Egypt

Date 1998-June 2001

Location Egypt

Description In her capacity as Senior Manager providing Corporate Finance and Financial

Advisory Services. Niveen led teams for conducting valuation studies and marketing assessments, formulation of business plans, as well as, floatation of private sector

entities.

» Position Associate Partner, then promoted to Partner

Company Deloitte Touché Tohmatsu International - Shawki & Co

Date 1993-1998

Location EGYPT

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Rania Abdullah Said Principal Manager FinCorp Investment Holding SAE. 71, Musaddaq st., Dokki, Giza, Egypt Direct: +202.3749.5757 , ext:118 Main: +202.3749.5757 Fax: +202.3335.8978

Professional History

• Principal Manager, FinCorp

• Senior Economic Consultant, Makary Consulting

• Free Lance Consultant, Makary Consulting

• Assistant and Fellow, American University at Cairo

• Economic & Financial Analyst, Arab International Consultant (ARICON)

• Statistical Researcher, National Population Council

Education

• Masters in Economics, American University in Cairo, 1991

• Bachelor degree in Economics & Political Science, Cairo University, 1986

Languages

Arabic: Excellent

English: Excellent

French: Fair

5.4 CURRICULUM VITAE OF RANIA SAID

Mrs. Rania Said has a practical experience in conducting market, financial, economic and cost benefit studies, and computer

modelling for this purpose. She has special skills in employing mathematical techniques and statistical methods for empirical measurement of economic relationships.

Mrs. Said has been involved in the consultation business with

special reference to market and financial analysis and economic policy issues since 1986. During the whole period she handled more than 100 studies for almost all sectors and sub-sectors in

Egypt including tourism, textile, processed food, engineering, chemical, pharmaceutical, construction, housing, and agriculture. Most of these assignments were made for international

organizations such as UNDP, PSDP, American Embassy, GTZ, DANIDA, the World bank, African Development Bank, UNIDO, USAID, and EC Export Development Program, in addition to

governmental and non- governmental bodies such as the Tourism Development Authority (TDA), Holding Company for Housing, Tourism and Ministry of Irrigation, Ministry of Agriculture,

Ministry of Tourism, Desert Development Center of AUC (DDC), Coptic Evangelical Organization for Social Services (CEOSS), and CARITAS-Egypt.

Mrs. Said was assigned a marketing strategy study by IMC as a

freelance consultant with MH& P-MGI Management and Financial Consultants. Mrs. Said was responsible for managing a number of proposals for tenders announced by IMC during working at Makary

Consulting. Proposals were highly qualified technically, but declined due to high budget.

Employment Record:

» Position Principal Manager

Company FinCorp Investment Holding S.A.E.

Date Dec. 2005-Up to Present

Location Cairo

Description • Conducting market studies and testing the market potentiality of projects under investigation in domestic and international markets through identification of exports potentiality.

• Project Coordinator responsible for coordination between team members of

consortium involved in different fields of the study; technical, market and financial to ensure meeting objectives and deadlines.

• Suggesting, designing and helping in implementing appropriate marketing strategies

» Position Senior Economic Consultant

Company Makary Consulting

Date March 1999-To Sept. 2005

Location Cairo

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Description • Design of soft ware modules for estimating elasticity of demand based on data collection from field surveys

• Design of questionnaire and proposing relevant sampling techniques

• Conducting market and financial and cost benefit studies

• Conducting intensive market survey to estimate basic parameters affecting demand

• Projection of expected demand using macro growth model

• Proposing production capacity for projects under investigation.

» Position Free Lance Consultant

Company Makary Consulting

Date March 1995-Feb 1999

Location Cairo

Description • Conducting market & financial feasibility studies for a diversified number of projects covering major sectors

• Sectoral market studies to be used as reference for institutions

• Conducting economic country reports

• Analysis of supply demand relationship to identify key market parameters and potential market gap

» Position Assistant and Fellow

Company American University at Cairo

Date Jan. 89- Jan 91

Location Cairo

Description • Assisting professors for graduate courses in econometrics and mathematical economics and conducting problem-solving sessions

• Assisting graduate students in their practical projects using software statistical and financial packages

• Conducting research studies in the field of econometrics

» Position Economic & Financial Analyst

Company Arab International Consultant (ARICON)

Date July 87-August 89

Location Cairo

Description • Practical experience in conducting financial and economic feasibility studies

• Prepared progress reports presented to USAID and participated as a team member

in conducting interviews with officials and experts in commercial & investment banks, insurance companies, SME and GOE authorities requisite for the establishment of Credit Guarantee Fund (CGF)

• Preparation of the curriculum outline for seminars conducted in Egypt & Washington

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» Position Statistical Researcher

Company National Population Council - Maadi

Date July 86-June 87

Location Cairo

Description • Econometric analysis of data collected from the first Egyptian Migration Survey (1985) using SPSS-PC

• Running statistical tests for checking the consistency of data collected and compiling statistical reports in that respect

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6. Selected Clients

?@ABCDا ?FGHIJD ?KGLDا ?CMNODا

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