AlShallAlShall Group Worldwide: www.alshall.comAlShall Morocco Consulting & Investmentswww.alshallmaroc.com

Firm OverviewPrivate Consulting & Investment firm that has been continuously active in Kuwait since 1981Listed in the Kuwaiti Stock exchangeCreated the first Value Index in KuwaitCreated AlShall Index in QatarSubstantial experience in both the public and private investment sectors having closed during the last 10 years more than 25 transactions at an aggregate purchase price of approximately $2 billionRetained advisor to many investment and real estate development companies in Kuwait that own and/or manage assets in excess of $5 billion.Global network with offices in Kuwait, USA, Morocco, Lebanon, Syria, Qatar and SoudanStrategic ownership (30%) in Tharwa Investment Company, a Kuwaiti company that manages more than $500 million of assets in equity markets. Invest globally in real estate related assets and select corporate opportunities.Retained advisor to the Kuwaiti Public Institute for Social Security (PIFSS) for more than 10 years.

Private Consulting & Investment firm that has been continuously active in Kuwait since 1981

Listed in the Kuwaiti Stock exchange

Created the first Value Index in Kuwait

Created AlShall Index in Qatar

Substantial experience in both the public and private investment sectors having closed during the last 10 years more than 25 transactions at an aggregate purchase price of approximately $2 billion

Retained advisor to many investment and real estate development companies in Kuwait that own and/or manage assets in excess of $5 billion.

Global network with offices in Kuwait, USA, Morocco, Lebanon, Syria, Qatar and Soudan

Strategic ownership (30%) in Tharwa Investment Company, a Kuwaiti company that manages more than $500 million of assets in equity markets.

Invest globally in real estate related assets and select corporate opportunities.

Retained advisor to the Kuwaiti Public Institute for Social Security (PIFSS) for more than 10 years.

ConsultingFeasibility Studies: AlShall has carried out numerous feasibility studies within diverse sectors and industries, so that a considerable regional cross sector cumulative expertise and valuable data bank was formed.Strategic Planning: Assisting large companies with their long range planningBusiness Valuation: They are essential for various business and strategic decisions such as acquisitions, divestitures, mergers, IPOs, restructuring and equity investingPrivatization: AlShall has acted as a prime advisor in a large number of projects within industries such as oil, recreational, retail, ports operations, and others. Moreover, it has acted as a financial advisor in numerous BOT projects which up to now forms the core of privatization within Kuwait.Commercial representation: Assist Companies expand into new market.

Corporate FinanceMergers & Acquisitions: Assist businesses in identifying core competencies and synergies to execute successful strategic mergers and acquisitionsIPO: Assist companies list in the stock exchangeCarrying out the legal and financial engineering involved in IPO’s.Underwriting the issue and handling the “road show”Undertaking the stock exchange listing requirements and execution.Market making after listing.Financial Restructuring: AlShall advises its client on financial architecture and restructuring.Divestitures:Performing independent due diligenceAssessment of valueDevelopment of transaction strategiesNegotiation with prospective buyersClosing the deal.

ResearchAlShall provides two types of equity research to its clientsA periodic report that covers all listed companies, where a fundamental analysis is carried out. The reports contains AlShall opinion about the expected future performance of the companies . The report serves investors purpose about their positioning regarding the market. Moreover, Comparative analysis is performed between KSE and regional and international markets. More comprehensive research and recommendations about a selected number of stocks.AlShall Weekly Economic Report: The report has been issued since 1984. It focuses on local issues with relevant regional and international content.AlShall Kuwait Value indexAlShall Qatar Index

Investment : Equity MarketsStrategic Asset Allocation: AlShall offers qualified professional advice dependent on the client’s risk aversion and return expectations, thus providing comprehensive asset allocation solutions across and within global asset classes customized to the goals and specific objectives of each investor.Portfolio Management:AlShall’s team of professional investment analysts develop s suitable and tailored investment strategies for institutional investors . The team will manage and monitor the portfolios on behalf of clients by securing diversified products, thus enhancing returns while maintaining tolerable risk level according to client needs.Mutual Fund: AlShall is licensed to create market and manage a broad range of funds:Equity Funds and Fixed income FundsIndex Fund and Private Equity FundsMoney market FundsReal Estate FundsHedge FundsFund of Funds.

Investments: Private EquityEstablishing New Companies: AlShall’s vast knowledge and international experience enable it to engage in establishing companies in a multitude of business sectors.Corporate acquisition: Acquiring a controlling interest in an operating company with financial restructuring opportunities.