Committing intellectual and financialcapital to help clients and investors

across the MENA region.

Investment Banking • Private Equity • Asset Management

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From its headquar-ters in Riyadh and regional offices in Jeddah, Dubai, Ge-

neva, and Tunis, Swicorp provides corporations and investors with independent advice and assistance on key strategic financial and investment issues.

Founded in 1987 by current chairman Kamel Lazaar, and licensed by the Capital Mar-ket Authority of the Kingdom of Saudi Arabia, and theDubai Financial Services Au-thority of the United Arab Emirates, Swicorp today has grown to be one of the re-gion’s premier financial ser-vices providers. Swicorp has an extensive track record over more than 25 years of

pioneering mergers and ac-quisitions, advisory and real estate transactions across MENA for regional and inter-national clients.

Swicorp has also deve-loped into one of the leading players in the private equity sector in MENA, raising over US$ 1 billion in private equi-ty funds since 2005. Leve-raging its extensive invest-ment expertise and network, Swicorp also offers a range of asset management ser-vices across various asset classes to allow investors to benefit from the substantial opportunities arising from the attractive fundamentals and strong growth prospects of the MENA economies.

Swicorp is a leading Investment Banking, Private Equity and Asset Management firm, with a specific regional focus on the Middle East and North Africa (MENA).

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Kamel lazaarChairmanBoard memberklazaar@swicorp.com

Daniel SChenKerChief Executive OfficerBoard memberdschenker@swicorp.com

Simon rowemanaging Director Board membersrowe@swicorp.com

DaviD reymanaging Director & Co-head of Private equitydrey@swicorp.com

KaiS mBareKmanaging Director &head of asset managementkmbarek@swicorp.com

naBil TriKi managing Director & Co-head of Private equityntriki@swicorp.com

Managing Directors average more than 20 years of advisory and investment experience, gained both internationally and within the MENA region.

Ingrained with a strong entrepreneurial spirit, our success lies in that of our clients and investors. Swicorp has a performance-driven culture which encourages leadership, creativity and accountability, with each professional expected to share an owner’s mentality and take personal responsibility for delivering value to clients and investors.

LEADERSHIP

eDouarD PonTeTmanaging Director &General Counselepontet@swicorp.com

anDre STeynmanaging DirectorPrivate equityasteyn@swicorp.com

majeD KareemChief Operating Officermkareem@swicorp.com

maheur mouraliexecutive Directorinvestment Bankingmmourali@swicorp.com

Tony CoulouBiSmanaging DirectorPrivate equitytcouloubis@swicorp.com

Kelvin KwoKmanaging Directorinvestment Bankingkkwok@swicorp.com

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3 MAIN LINESOF BUSINESS

Swicorp provides high-quality asset management services and investment products to institutional and high-net-worth clients across a variety of asset classes in Middle East and North Africa.

ASSET MANAGEMENT

Swicorp has developed a range of private equity capabilities to capitalise on the exciting investment opportunities offered in Middle East and North Africa.

PRIVATE EQUITY

Swicorp provides a comprehensive range of investment banking services tailored to the specific needs of each client with unyielding focus on achieving bottom line results.

INvESTMENT BANKING

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Privileged access to deal-flow and market know-how

local presence in key business centres across the middle east and north africa

exper ienced teams with balanced blend of local and international perspectives

unique track record of i n v e s t m e n t b a n k i n g transactions in mena

one of the region’s leading private equity players with e x t e n s i v e network of blue-chip clients and investors

Comprehensive understanding of the regional landscape

UNIQUELY POSITIONEDIN MENA

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at Swicorp, we approach every endeavour as an opportunity to strengthen our lasting relationships with our clients and investors.

We recognize that our success is a direct measure of the trust that our partners have placed on us. Our mission is to continue helping our clients and investors realize their objectives, using a mix of intellectual and financial capital combined with professional excellence and the highest standards of integrity.

BUSINESSPHILOSOPHY

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CommiTmenT

Swicorp is focused on building lasting relationships based on trust and mutual respect. Swicorp fosters a culture in which the interests of clients and investors are placed ahead of those of the company and employees are encouraged to always go ‘the extra mile’ to help realise their goals.

TeamworK & CollaBoraTion

Swicorp seeks to foster a strong culture of teamwork and collaboration with a ‹One Firm› approach in order to leverage its expertise, resources and network of relationships and ensure that its full range of skills, insights and experience may be used for the benefit of clients and investors.

inTeGriTy

Swicorp has an unyielding commitment to the highest standards of ethical behavior, corporate governance and compliance with all laws and regulations wherever Swicorp conducts business.

ProFeSSional exCellenCe

Swicorp strives to provide the highest levels of quality in everything it does. In order to deliver exceptional service, Swicorp seeks to attract, develop and retain the best people from many diverse backgrounds and cultures.

enTrePreneurShiP

Swicorp has an ingrained performance-driven culture which encourages leadership, creativity and accountability, with each individual expected to share an owner’s mentality and take personal responsibility for delivering value for clients and investors.

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INVESTMENT BANKING

Swicorp’s specific focus on the Middle East and North Africa and track record of pioneering

transactions across the MENA region over more than 25 years has enabled the firm to build lasting relationships with a wide range of leading regional and international corporations.

Clients benefit from dedicated senior level attention from a corporate finance team that is among the largest and most experienced in the MENA region.Swicorp offers a wide range of investment banking services tailored to the specific needs of each client and is committed to achieving bottom-line results.

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m&a anD STraTeGiC aDviSory

Swicorp engineers links between compatible value-adding entities to maximize shareholder wealth and provide assistance across each step of the transaction process, from the early seeds of an idea through to a successful closing. Swicorp understands the need to bridge the cultural and information gaps which may exist between corporations and investors with sometimes differing perspectives.

Whether Swicorp initiates the opportunity or is requested to assist in the implementation of established strategies, we utilize a comprehensive range of in-house resources, complemented where beneficial by selective outsourcing to provide the necessary expertise to investigate and validate all aspects of the transaction.

CaPiTal marKeTS

Swicorp plays a comprehensive role in advising on initial public offerings, rights issues and private placements.

DeBT aDviSory

Swicorp works closely with clients to carry out important financing reviews and to develop financial models for decision evaluation and support of both short and long-term financing goals.

Swicorp assists clients in identifying sources of debt capital, then negotiating debt transactions on their behalf in order to obtain the best possible terms.

Member of the M&A alliance

INVESTMENT BANKING ADVISORY

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In recent years, Swicorp has developed a particular expertise in providing structured finance solutions to real estate development companies and projects and is actively involved in several of the mega infrastructure projects currently transforming the landscape across Saudi Arabia and the GCC. Swicorp has also acted as financial advisor to some of the largest real estate development projects in the Holy Cities of Makkah and Madinah.

Swicorp assists its clients to optimise their capital structure and ensure sufficient liquidity to allow business units to operate freely. In devising innovative structured financing solutions that enable clients to capture new investment and business opportunities or support growing operational needs, Swicorp acts to create a financial profile consistent with corporate aims and objectives.

REAl ESTATE AND STRucTuREDFINANcE

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PRIVATE EQUITY

Swicorp initiated its private equity activities in 2004 to leverage its long standing network

of relationships in the MENA region and capitalise on the wide range of attractive investment opportunities in one of the world’s most exciting emerging markets.

Since 2005, USD 1 billion has been deployed for Swicorp private equity initiatives, primarily from investors based in the Middle East. Our investor base has widened to include development finance institutions, such as the International Finance Corporation (a member of the World Bank Group), the European Investment Bank and Proparco (Agence Française

de Développement), that wish to support the economic development of the region.

Swicorp currently manages several pan-regional Private Equity funds, each with a distinct sector focus, and is extending its geographic scope to Sub-Saharan Africa.

Swicorp has also established a syndicated transactions platform that leverages Swicorp’s network and on-the-ground presence to identify investment opportunities that will be presented to like-minded investors on a deal-by-deal basis. In order to fully align interests, Swicorp commits its own capital alongside that of co-investors for each individual transaction.

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PRIVATE EQuITY FuNDS

Since 2006, Swicorp has raised several pan-regional Private Equity funds, each focusing

on different sectors. Through such funds, Swicorp has invested in over 20 companies across the MENA region, operating in a wide range of sectors.

Swicorp pursues equity and equity related investments in companies to obtain a majority position or a significant minority stake with strong contractual rights. The target size for such equity commitments generally ranges from US$ 10m to US$ 100m in investments with an enterprise value of up to US$ 300m.

Swicorp is committed to following

a responsible investment strategy, which includes importing corporate governance and reporting transparency in portfolio companies, supporting economic development and strengthening the private sector in the geographies covered by its investments.

Swicorp endeavors to stimulate job creation and human development, with over 3000 jobs created across the investment portfolio, and spur technology and know-how transfer.

Moreover, Swicorp complies with the International Finance Corporation (IFC) Environmental and Social standards, together with Anti-Money Laundering and Anti-Terrorism policies.

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Minimum ticket size of USD 50 million and preference for control or significant minority

Strong presence in Middle East and North Africa

Potential for IPO or other liquidity event clearly identified

Clear source of sustainable competitive advantage and leadership position within its industry

Benefiting from recently realized or expected structural changes within industry

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Through its network of relationships and on-the-ground presence across the Middle East and North

Africa, Swicorp seeks to identify attractive investment opportunities that benefit from the long-term attractive fundamentals of the MENA region.

Swicorp will take the lead in developing investment themes and structuring transactions that it will

directly invest in and offer to selected co-investors. The Syndicated Transactions Platform is particularly well-suited for sophisticated investors seeking the flexibility to select their own optimal exposure to each individual investment.

Furthermore, Swicorp’s ability to deploy its own funds alongside those of co-investors ensures a full alignment of interests.

SYNDIcATED PRIVATEEQuITY TRANSAcTIONS

opportunities typically considered under syndicated transactions platform :

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Swicorp Asset Management team has been managing the firm’s proprietary

capital since 2007 across various asset classes, predominantly listed equities in MENA.

Our investment objective is to generate consistent absolute returns, enabled by intensive research and active portfolio management. Our approach to investment has yielded high returns since inception, and proved to be robust in challenging market conditions.

Swicorp also offers investors the possibility to manage their

portfolios following investment strategies tailor made to serve their specific needs.

Our teams have extensive experience in designing, back-testing and implementing investment processes aimed to achieve pre-defined goals under various constraints.

In 2014, Swicorp Asset Management also made its foray into Real Estate investment products to capitalize on our experience in the sector. The first fund to be launched was Al Dhawahi Real Estate Fund, followed by Ewan Al Qayrawan Real Estate Fund in 2015.

ASSET MANAGEMENT

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Having managed the firm’s proprietary capital since 2007 across various asset classes, predominantly listed equities in MENA, Swicorp decided to open up its asset management capabilities to clients and third parties. The first fund to be made available to outside investors was the Tharwa Fund, a long-only MENA equities fund, regulated by the CMA. The investment objective is to generate consistent positive absolute returns, enabled by intensive research and active portfolio management. This approach to investment has yielded high returns since inception, and has proved to be robust in challenging market conditions. Swicorp has also committed a material portion of its capital to the strategy, aligning the interests of all parties.

lISTED SEcuRITIES

Tharwa FunD

DiSCreTionary PorTFolio manaGemenT

Our Discretionary Portfolio Management (DPM) capabilities provide individually tailored portfolios for corporate and HNWIs seeking institutional quality exposure to MENA public equities with specific investment constraints.

We apply the same rigorous approach that we apply to in-house funds, coupled with clearly defined risk parameters.The investment criteria are defined on a case by case basis, depending on the client’s objective and constraints.

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REAl ESTATE FuNDMANAGEMENT

Over many years Swicorp has developed a long-standing expertise in the real estate sector, structuring and raising funds for many of the largest real estate and infrastructure projects in theKingdom of Saudi Arabia.

Swicorp’s long track record in the sector includes mega real estate projects inSaudi Arabia, such as Tareeq Al Muwazee, Wadi Al Asla, King Abdullah Economic City and Knowledge Economic City. Swicorp continues to be involved in several of the ongoing real estate projects in the holy cities of Makkah and Madinah.

In recognition of the booming demand, Swicorp leveraged its combined experience and expertise in asset management and real estate finance to launch a real estate funds activity in 2013.

Swicorp’s first real estate funds, have been launched after securing required CMA approvals :

▪ Al Dhawawi Fund which is developing 133 villas of different sizes in Damman.

▪ Ewan Al Qayrawan Fund, which is

 

 developing 164 villas of differentsizes in Damman.

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SElEcTED INVESTMENT BANKING TRANSAcTIONS

SAR 2.6 billion SAR 1.5 billion SAR 3.6 billion

SAR 2.6 billion SAR 1.0 billion SAR 2.0 billion

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SElEcTED PRIVATE EQuITY TRANSAcTIONS

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OUr OFFIcES

OUr OFFIcES

*Financial Advisory services only www.swicorp.com

riyaDhKingdom Tower49th FloorKing Fahd RoadP.O. Box 2076Riyadh, 11451Kingdom of Saudi ArabiaTel: +966 11 211 0737Fax: +966 11 211 0733

jeDDahThe Headquarters Business Park19th Floor, Cornishe Road,Ash Shati, Jeddah 23511Kingdom of Saudi Arabia

Geneva*8, Quai Gustave-AdorP.O. Box 64041211 Geneva 6SwitzerlandTel: +41 22 737 3737 Fax: +41 22 737 3700

DuBaiSwicorp (UAE) Limited, DIFC, AI Fattan Currency HouseTower 2, Office 1502P.O. Box 213137DubaiUnited Arab EmiratesTel: +971 4 38 41600 Fax: +971 4 38 41601

TuniSlmmeuble Lira Avenue de la Bourse Les Jardins du lac Tunis, 1053TunisiaTel: +216 70 015 400Fax: +216 71 197 091

**

www.swicorp.com

riyaDh

jeDDah

DuBai

Geneva

TuniS

Regulated by CMA, License No. 12161-37Regulated by DFSA, License No. F000718