Swicorp is a leading investment banking, private equity and asset management firm focused on the Middle East and North Africa region. It provides services such as investment banking, private equity, and asset management to clients and investors across MENA. Founded in 1987 and headquartered in Riyadh, Swicorp has offices in several MENA cities and has completed numerous transactions worth billions of dollars in sectors like real estate, infrastructure and more.

1. Committing intellectual and financial
capital to help clients and investors
across the MENA region.
Investment Banking • Private Equity • Asset Management

2. 2
F
rom 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 the
Dubai 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).

3. 3
Kamel Lazaar
Chairman
Board Member
klazaar@swicorp.com
Daniel Schenker
Chief Executive Officer
Board Member
dschenker@swicorp.com
Simon Rowe
Managing Director
Board Member
srowe@swicorp.com
David Rey
Managing Director &
Co-Head of Private Equity
drey@swicorp.com
Kais Mbarek
Managing Director &
Head of Asset Management
kmbarek@swicorp.com
Nabil Triki
Managing Director &
Co-Head of Private Equity
ntriki@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 Pontet
Managing Director &
General Counsel
epontet@swicorp.com
Andre Steyn
Managing Director
Private Equity
asteyn@swicorp.com
Majed Kareem
Chief Operating Officer
mkareem@swicorp.com
Maheur Mourali
Executive Director
Investment Banking
mmourali@swicorp.com
Tony Couloubis
Managing Director
Private Equity
tcouloubis@swicorp.com
Kelvin Kwok
Managing Director
Investment Banking
kkwok@swicorp.com

4. 4
3 MAIN LINES
OF 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

5. 5
Privileged access
to deal-flow and
market know-
how
Local presence
in key business
centres across
the Middle East
and North Africa
E x p e r i e n c e d
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 POSITIONED
IN MENA

6. 6
A
t 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.
BUSINESS
PHILOSOPHY

7. 7
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.

8. 8

9. 9
INVESTMENT BANKING
S
wicorp’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.

10. 10
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

11. 11
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 Structured
Finance

12. 12
PRIVATE EQUITY
S
wicorp 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.

13. 13

14. 14
PRIVATE EQUITY FUNDS
S
ince 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,withover3000jobs
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.

15. 15
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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▪
▪
▪
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T
hrough 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 Private
Equity transactions
Opportunities typically considered under syndicated transactions
platform :

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S
wicorp 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 FUND
MANAGEMENT
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 the
Kingdom of Saudi Arabia.
Swicorp’s long track record in the sector
includes mega real estate projects in
Saudi 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 different
sizes in Damman.

20. 20
Selected Investment Banking Transactions
SAR 2.6 billionSAR 1.5 billion SAR 3.6 billion
SAR 2.6 billion SAR 1.0 billion SAR 2.0 billion

21. 21
Selected PRIVATE EQUITY Transactions

22. 22
Our Offices

23. *Financial Advisory services only www.swicorp.com
Riyadh
Kingdom Tower
49th Floor
King Fahd Road
P.O. Box 2076
Riyadh, 11451
Kingdom of Saudi Arabia
Tel: +966 11 211 0737
Fax: +966 11 211 0733
Jeddah
The Headquarters Business Park
19th Floor, Cornishe Road,
Ash Shati, Jeddah 23511
Kingdom of Saudi Arabia
Geneva*
8, Quai Gustave-Ador
P.O. Box 6404
1211 Geneva 6
Switzerland
Tel: +41 22 737 3737
Fax: +41 22 737 3700
Dubai
Swicorp (UAE) Limited,
DIFC, AI Fattan Currency House
Tower 2, Office 1502
P.O. Box 213137
Dubai
United Arab Emirates
Tel: +971 4 38 41600
Fax: +971 4 38 41601
Tunis
lmmeuble Lira
Avenue de la Bourse
Les Jardins du lac
Tunis, 1053
Tunisia
Tel: +216 70 015 400
Fax: +216 71 197 091

24. www.swicorp.com
RIyadh
JEDDAH
DUBAI
GENEVA
TUNIS
Regulated by CMA, License No. 12161-37
Regulated by DFSA, License No. F000718