1. Strategy | Performance | Achievement

3. Who Are We?

4.
Background
VANGUARD is an innovative business advisory boutique. Originally incorporated in the Kingdom of Bahrain, the firm has
expanded through partnership with an entrepreneurial Saudi Arabian businessmen to establish a sister company in
Riyadh, the Kingdom of Saudi Arabia and recently Bosnia. The firm positions itself as an advisory boutique specializing in
providing professional advice to start-up, emerging, growing and stagnant businesses. VANGUARD assists its clients in
realizing their aspirations and visionary business concepts into attractive business opportunities to interested venture
capitalists, private equity investors and other institutional investors.
VANGUARD delivers value to its clients through innovative Bespoke Development Methodologies, as past knowledge
and experiences are utilized to develop new processes and techniques that deliver the services required. In these
Bespoke processes, the firm deliverables are created without the absolute reliance on pre-existing industry patterns thus
differentiating them from standardized industry products. To deliver value, the firm utilizes both its Internal Resources; of
well qualified business professionals, as well as External Professional Advisors; through an array of exceptional and vastly
experienced business consultants.
VANGUARD is currently looking to expand to neighboring countries such as Qatar and the United Arab Emirates with a
vision to have offices all around the globe.

5.
Revolutionary Entrepreneurship
VANGUARD embraces revolutionary
entrepreneurship at the core of all that it
delivers. Whether it is the value that it
delivers to its clients, the revolutionary
ventures that it develops or even the way
it carries out its internal operations,
creative entrepreneurship is at the heart
of its thinking.
Bespoke Tailoring
Fittingly, VANGUARD delivers bespoke
solutions to each client. VANGUARD
produces turnkey solutions with elements
that are designed, selected, combined
and developed to fit the specific
r e q u i r e m e n t s a n d p a r t i c u l a r
circumstances of each client.
Value Driven Team Spirit
The secret that enables VANGUARD to
do what it does is its people. It is the
team spirit that forms the cornerstone of
VANGUARD’s corporate culture and
drives the value in all that it does.
Independence to Innovate
VANGUARD’s founders made a conscious
decision to establish it as an independent
firm; thus, instilling autonomy as part of its
culture. VANGUARD is independent to
innovate, create and act in the best
interest of its clients. This independency
allows VANGUARD to afford its clients an
unsurpassed standard of secrecy,
confidentiality and privacy.
Excellence through Professionalism
VANGUARD aims to excel in all that it
does. To VANGUARD, excellence is
d e l i ve r e d t h r o u g h u n s u r p a s s e d
professionalism and is considered
nothing but the perpetual process of
perfection. A perpetual process by
which it achieves the highest degree of
mutual respect and trust with its clients.
VANGUARD provides its clients with exceptional services inspired by the following unique values that define VANGUARD’s DNA:
VANGUARD’s DNA

6.
VANGUARD provides its clients with a comprehensive suite of advisory services, in order to achieve each client’s specific
requirements and objectives. The following diagram illustrates VANGUARD’s services:
•
•
•
•
Business & Feasibility Planning
Corporate Regeneration
Marketing & Public Relations
Corporate Support
VANGUARD’s venture advisory services help in developing and designing customized solutions to various new business projects
and schemes. It combines hands-on management with special expertise,tailored to each engagement.Working in partnership with
each client to define objectives, the department draws from a deep line-up of key alliances and renowned subject experts to
achieve documented results. In doing so, the department utilizes the proprietary Be-Spoke “Value360™” process divided into the
four stages:
•
•
•
•
Value Assessment
Value Architecting
Value Development
Value Management
Family Business Governance (“FBG”) provides holistic advisory services to family corporations in the Gulf region. The new
services are aimed at assisting family businesses with planning, structuring and governing their corporate structures in an
institutional manner to en-sure the achievement of their objectives and visions while assuring the continuity of both their
business and family legacies for generations to come.
VANGUARD has revolutionized the SME support market through the Clinical Mentorship Support service, wherein SMEs from
innumerable business backgrounds and sectors are presented with the opportunity of enlisting the mentorship of empathetic
seasoned business
people (with a proven track record and a thorough grasp of the local market) to provide them with a medical consultation-style
mentorship advice and support particularly during early critical phases of their business cycle.
Strategic Advisory
Venture Advisory & Research
Family Business Governance
VANGUARD’s Clinical Mentor-
ship Support (“CMS”)
VANGUARD’s strategic advisory services help organizations navigate the road ahead by recognizing opportunity, clarifying
vision, creating strategies, implementing action and measuring results. Service areas of focus include:
VANGUARD’s Services

7.
The proprietary Revolutionary Concepts Model “REVOCON™” provides VANGUARD with a flexible structure that guides the
development of exceptional Concept Ideas from a loose collection of ideas to tangible ventures. The following steps illustrate the
“REVOCON™” processes:
1. Concept Bank
2. Brain-
storming
Session
3. Brain Rider
4. Venture
Bank
5. Venture
Realization
• Collective depositing of
innovative Concept Ideas into
the Concept Bank.
• Completion of Coaching Forms
detailing the new Concept Ideas.
• Critical discussion to evaluate
the various Concept Ideas.
• Selection of the most promising
Concept Idea.
• Development of the selected
Concept Ideas in dedicated
discussion workshops.
• Classification and archiving of
Concept Ideas.
• Development of the Executive
Summaries into progressive
Concept Briefs.
REVOCONTM
Methodologies - REVOCONTM
• Collaboration with business
associates to execute Concept
Briefs into reality.
• Full development of Concept
Ideas into Executive Summaries.
• Depositing Executive
Summaries into the Venture Bank.

8. Assessment
The proprietary Be-Spoke “Value 360™” process is the methodology by which VANGUARD delivers its services. As such, it is at
the core of what VANGUARD does. The following illustrates this methodology:
Value
Value
Develop-
ment
Value
Architecting
1. Detailed Concept Paper
• Fact Findings Modules
• Status Quo Analysis
• Opportunities Identification
• Venture Development Plan Mapping
4. Periodical Management Reports
• Venture Launch & Re-Launch
• Corporate Governace Compliance
• Executive (High-Level) Representation
2. Investment & Information Memorandum
• Venture Business Plan
• Venture Feasibility Report
• Venture Marketing Plan
3. Constitutional Documents
• Business Resources Indentification
• Complete Institutional Formation
• Business Operations Mapping
Value
360™
Value
Management
Methodologies - Value 360TM

9. -------------------------------------------------
Value Assessment
Understanding
Value Architecting
Designing/ Redesigning
Value Development
Developing/ Redeveloping
Methodologies - Family Business Governance Roadmap
The delivery of FBG services begins with listening closely to the key family members to understand the family’s history, long-term
objectives and the challenges they face. FBG’s objective is to effectively contribute to structuring and instilling governance of family
corporations by providing cornerstone solutions through adopting an Open Architecture methodology. This architecture is preferred
since each family corporation has its unique circumstances and services must be structured and sculpted to satisfy its individual needs
and requirements. The following illustrated VANGUARD’s FBG roadmap:
-------------------------------------------------

10.
Methodologies - Clinical Mentorship Support Methodology
In the spirit of giving back to the Bahraini entrepreneurial community and as part of its Corporate Social Responsibility, VANGUARD
is looking to revolutionize the SME support market by launching its very own service line, the Clinical Mentorship Support service,
wherein SMEs from innumerable business backgrounds and sectors are presented with the opportunity of enlisting the mentorship
of empathetic seasoned business people (with a proven track record and a thorough grasp of the Bahraini market) to provide them
with a medical consultation-style mentorship advice and support particularly during early critical phases of their business cycle.
Below illustrates the Clinical Mentorship support cycle:

11.
VANGUARD’s Organizational Structure
VANGUARD provides its clients with a comprehensive suite of advisory services, in order to achieve each client’s specific require-
ments and objectives. The following diagram illustrates VANGUARD’s services:

12.
VANGUARD in Numbers
Ever since its establishment in 2007, VANGUARD has assisted numerous local and regional clients from various sectors in developing,
restructuring and starting up their own businesses. The following illustrates VANGUARD’s total engagements categorized by service
area and sector for the years 2007-2013:
Others include: Concept Briefs, Staff Retention
Strategies, Concept Reviews, Financial Evaluation…
etc.
Others include: Health & Fitness, Agriculture, Consultancy, Auto-
motive, Entertainment, Cleaning & Maintenance, …etc.
Total Engagements, by Service Area
(2007-2013)
Total Engagements, by Sector (2007-2013)
32%
38%
12%
18%
Incubation & Mentorship
Development & Expansion
Restructuring
Others
20%
12%
10%
9%
8%
7%
7%
7%
6%
5%
2%
2%
2%
2%
2%
0% 5% 10% 15% 20% 25%
Others
Healthcare
Contracting & Real Estate
Food & Beverage
Manufacturing
Diversified
Governmental/Semi-
Retail
Information Technology
Hospitality
Aviation
Banking/Finance
E-Commerce
Automotive
Education

13.
VANGUARD’s Clients Sector Based
VANGUARD has a large list of entrepreneurs,HNWs,institutional and corporate clients.The following is a list of some ofVANGUARD’s
previous and current corporate clients:
Manufacturing
Technology and E-Business
Transportation and LogisticsServices
Public Transportation and Logistics Real Estate and Construction Healthcare Education
Services
Technology and E-Business
Manufacturing Tourism, F&B Hospitality Financial Services & Investment
Retail Film & Media

14.
VANGUARD’s Geographical Spread
The following is an illustration of some of VANGUARD’s corporate clients, on a geographical level:

15. VANGUARD’s Credentials

16. VANGUARD’s continuous support and mentorship has resulted in turning some innovative and entrepreneurial
ideas into a successful light-seeing businesses, such as:
# Entity VANGUARD’s Support
1
Riyadh Chamber of Commerce &
Industry
Riyadh Chamber of Commerce & Industry sought out a consulting firm
with experience and competence in the field of small and medium
enterprises to contract with for the provision of guidance and
mentorship services under a Corporate Social Responsibility initiative.
VANGUARD Saudi Arabia has been appointed as the Strategic
Consultant to the Riyadh Chamber of Commerce to develop and
deliver a custom-made SMEs Clinical Mentorship Program to support
the diverse advisory needs of the SMEs that approach the Riyadh
Centre for Development of SMEs for mentorship and guidance support.
§ VANGUARD Saudi Arabia has committed to provide all guidance
and mentorship consultancy services for all advisory areas
assigned to it by the Riyadh Chamber of Commerce & Industry.
§ VANGUARD Saudi Arabia has committed to provide monthly
reports for its consultancy services to all related beneficiaries.
§ Permanent coordination with the Riyadh Centre for Business
Development to achieve the desired goals.
VANGUARD’s Milestones-VANGUARD’s Continuous Support of Mentorship

17. # Company VANGUARD’s Support
2
Dermacare is a recently developed
dermatology clinic located in Ibn Al-Nafees
Hospital in Kingdom of Bahrain.
Throughout the development of the venture, VANGUARD has
mentored Dermacare in various areas, some these areas are
outlined below:
ü Secure debt-funding through BDB;
ü Review of quotations and equipments to be acquired;
ü Collaboration with legal attorneys; and,
ü Continuous one-on-one mentorship & advice support.
3
Olympia is a fully-fledged health & fitness
center opened in 2012 in Isa Town.
VANGUARD has mentored Olympia in numerous development
areas prior and post operation, some of these areas are outlined
below:
ü Formulate a business development plan;
ü Formulate a comprehensive marketing and sales strategy;
ü Review of quotations and equipments/machines to be
acquired;
ü Execution of the business plan;
ü Aided the recruitment & staffing requirements of Olympia;
ü Assistance in terms of launching the service-offering; and,
ü Continuous one-on-one mentorship & advice support.
VANGUARD’s Milestones-VANGUARD’s Continuous Support of Mentorship

18. # Company VANGUARD’s Support
4
Benan is a physiotherapy center specialized
in offering comprehensive modern
physiotherapy services and medical
rehabilitation services.
VANGUARD has mentored and assisted Benan in the following
main areas:
ü Formulate a comprehensive marketing and sales strategy;
ü Review of quotations and equipments/machines to be
acquired;
ü Carry out Benan’s social media requirements;
ü Connecting Benan with various entities and potential strategic
and instructional investors; and,
ü Continuous one-on-one mentorship & advice support.
5
DARCHA is a recently opened Far Eastern-
inspired café, located in Nakheel Center-
Saar.
Throughout the development of Darcha, VANGUARD held a
strategic role in various elements prior and post the
establishment of the venture, some of these elements include:
ü Company formation & dealing with regulatory entities;
ü Secure debt-funding;
ü Collaboration with legal attorneys;
ü Review of quotations and equipments to be acquired;
ü Review of floor plan, menus, fixtures and fittings…etc.; and,
ü Continuous one-on-one mentorship & advice support.
VANGUARD’s Milestones-VANGUARD’s Continuous Support of Mentorship

19. # Company VANGUARD’s Support
6
Annada is a luxurious scarf provider which
utilizes local art in the design of its product
offering.
Aid the Company in a number of business development areas,
including the following:
ü Secure business development opportunities (i.e. gulf air, online
website, global expansion…etc.).
ü Liaise with potential partners and affiliates.
ü Understand clients’ concerns and advise accordingly.
ü Advise on product and service development.
ü Continuous one-on-one mentorship & advice support.
7 The Mobile Spa & the Beauty Co. are
beauty-focused companies, revolved around
the provision of unique and world-class
products and services.
Aid the two companies in the following areas:
ü Recruitment and hiring.
ü Liaise with potential partners and affiliates.
ü Understand clients’ concerns and advise accordingly.
ü Advise on product and service development.
ü Continuous one-on-one mentorship & advice support.
VANGUARD’s Milestones-VANGUARD’s Continuous Support of Mentorship

20. # Company VANGUARD’s Support
8
Jump is a recently developed kids gym
catering for children below 13 years located
in Riyadat Mall in the Kingdom of Bahrain.
Throughout the development of the venture, VANGUARD has
mentored Jump in various areas including:
ü Take-on hiring of staff members;
ü Advise in product and service offering;
ü Advise in strategy and market penetration;
ü Continuous one-on one mentorship and advice support.
9 Créolate is a premium chocolates and
confectionary sweets retailer based in the
Kingdom of Bahrain since 2009.
Throughout the development of the venture, VANGUARD has
mentored Créolate in various areas including:
ü Take-on HR matters;
ü Strategy and business development opportunities;
ü Dealing with any legal matters;
ü Bookkeeping; and,
ü Continuous one-on one mentorship and advice support.
VANGUARD’s Milestones-VANGUARD’s Continuous Support of Mentorship

21. # Company VANGUARD’s Support
10 Qinz is an intrinsically customer-centric e-
business that strives to offer fast, convenient
and secure solutions to cater for general
shoppers, price-sensitive individuals and
those seeking exclusive products and
services.
Since approached by the client, VANGUARD offered both Qinz
& Propixa intensive mentorship & advice support and aided the
development of these innovative concepts focusing on various
development areas. Some of VANGUARD’s support areas
include:
ü Formulate a business development plan;
ü Execution of the developed business plan;
ü Company formation & dealing with regulatory entities;
ü Finding a location for the ventures;
ü Dealing with suppliers and affiliates;
ü Collaboration with legal attorneys;
ü Finding equipments and machinery;
ü Review of quotations and equipments to be acquired;
ü Assist the development of brand identity;
ü Aided the recruitment & staffing requirements of both
ventures;
ü Assistance in terms of launching the service-offering;
ü Sitting bank accounts for both ventures;
ü Responsible of financial affairs of the ventures on behalf of
the client; and,
ü Run the day-to-day operations of the ventures.
11 Propixa is a quality-oriented venture in the
provision of express miscellaneous office
services Operating in strategic locations
within both the Kingdom of Bahrain and the
Kingdom of Saudi Arabia.
It is important to note that VANGUARD has also assisted a number of to-be-entrepreneurs under its Clinical
Mentorship Programme to enable them in starting their businesses and achieve their dreams and aspirations.
VANGUARD’s Milestones-VANGUARD’s Continuous Support of Mentorship

22. # Company Story Behind It
1
In 2007, VANGUARD endeavored to establish a premium chocolates and
confectionary sweets manufacturing plant in the Kingdom of Bahrain. The
vision for the project came as VANGUARD identified a gap in the current
regional market for private label premium chocolate products.
Simultaneously, VANGUARD initiated links with Mr. Bassem Al-Oubairi, a
chocolatier with a deep family heritage in premium chocolates
manufacturing as well as Janahi Sweets W.L.L. a renowned Bahraini based
premium local sweets and chocolate retailer. Chocolate & Co. Company
W.L.L. was launched in April 2008 and began production operations in July
2008.
2
Beaucraft W.L.L. was launched in April 2009 by Vanguard W.L.L as the first
national company specializing in providing complete marine leisure services
such as managing and operating marinas: importing, exporting, selling and
leasing boats, yachts and jet skis; providing internal maintenance for ships;
and provision of advisory and development services as well as logistical
support to waterfront real-estate developments. Furthermore, Beaucraft’s
focus is to provide turn-key marina and leisure solutions that adhere to the
most rigorous of international standards; with primary focus on safety,
professionalism and high-quality of services.
Note: It is worth noting that, as of today VANGUARD still manages and runs
the operations of Beaucraft as well as its day-to-day accounting and
bookkeeping activities.
Besides the aforementioned ventures that VANGUARD helped establish, VANGUARD’s expertise and know-how
also resulted in the formation of its own ventures, such as the following:
VANGUARD’s Established Ventures

23. # Company Story Behind It
3
In November 2007, VANGUARD recognized an opportunity in the Kingdom
of Bahrain’s emerging motor industry for the establishment of a Component
Based Car Assembly business. As the Middle East sole sports car
manufacturer, Vmotion has established strategic relationships with key
United States based industry leaders such as Ford Racing and Factory Five
Racing to ensure that its vehicles comply with international safety and
quality standards. Vmotion is fully-licensed and operational in a modest
facility located in the Bahrain Industrial Incubators Center, Salman Industrial
City with plans to expand to a permanent larger facility in the near future.
Note: It is worth noting that, as of today VANGUARD still manages and runs
the operations of Vmotion as well as its day-to-day accounting and
bookkeeping activities.
4
Foodcorp is a company that has been incorporated in the Kingdom of
Bahrain with the aim of acting as an investment holding company developing
and selectively investing in agricultural ventures and providing food
sustainability solutions to local and regional markets. Foodcorp is currently
engaged in Farming Self-Growing White Bottom Mushrooms and has
proposed future offerings of hydroponics, strawberries, iceberg lettuce,
fisheries, red meat and poultry.
VANGUARD’s Established Ventures

24. VANGUARD’s Team

25. Mr. Janahi founded VANGUARD as a Private Equity and Venture Capital Advisory Boutique. Mr. Janahi
commands vast experience in investment structuring, private equity, business strategy, and venture
capital. Also, he has extensive knowledge in both general and private aviation sectors. He possesses well-
rounded managerial experiences in various aspects of investment modeling, business strategy, expansion
finance and institutional regeneration which he cultivated through his strategic involvements in various
venture capital projects and other investments spanning a multitude of economic sectors. Mr. Janahi has
also founded an aviation company, Rizon Jet B.S.C. (C), and has been able to add value to various
aviation organizations. Currently, Mr. Janahi has been appointed by Bahrain Mumtalakat Holding
Company to serve as a board member of Gulf Air. In addition, he serves at the board and executive levels
of several ventures in industries such as financial services, automotive, urban development and
manufacturing. Previously, Mr. Janahi has worked at Ernst & Young (Bahrain) in the Assurance Advisory
Group and Islamic Financial Services Group, served as the Managing Director of ReeMoon Consulting
W.L.L., the Chief Operating Officer at AAJ Holdings Company B.S.C. (C) and an Executive Board Member
of Rizon Jet B.S.C (C). Mr. Janahi holds a bachelor degree in Accounting from the University of Bahrain.
Hazem is also an active member of the Institute of Directors, Europe's largest membership organization
for business leaders.
Mr. Hazem Janahi
VANGUARD’s Team
Founder & Chairman of
VANGUARD Group

26. Mr. Ali is a co-founder of VANGUARD and posses wide-ranging professional experiences in diverse
managerial, marketing & business disciplines with extensive experience in both the United States and the
Middle East. He commands well-formed and widespread managerial experiences in various aspects of
operations, communications and management through serving at successive senior managerial positions
spanning a multitude of economic sectors. He has served at strategic involvements in various venture
capital projects and other investments, across several industries including international trade, urban
development, aviation, and manufacturing. Moreover, Mr. Ali currently serves on a number of Board of
Directors for companies operating in the sectors of manufacturing, automotives, professional services
and engineering, both in the Kingdom of Bahrain and abroad. He has advised senior management and
delivered strategic leadership and managerial programs at family businesses, investment holding
enterprises and new ventures in areas such as project planning and implementation, public relations,
strategic marketing, business strategy, operational management, organizational modeling, international
trade expansion and international joint ventures. Beforehand, Mr. Ali has served as an adjunct professor
at Lynn University, Florida, the United States and was a senior executive, at AAJ Holdings Company B.S.C.
(C) working jointly with top management. Mr. Ali holds a Masters degree of Business from Lynn
University, Florida, in the United States and has received several awards for outstanding academic and
professional performance.
Mr. Alaa AlShaikh, MBA
VANGUARD’s Team
Partner & Managing
Director of VANGUARD
Group

27. Mr. Naidu has comprehensive and insightful experiences gained over two decades of professional
experience in the financial audits of various companies in the Banking and Insurance sectors in both
India and the Middle East. He commands well-formed and widespread managerial experiences in
conducting and carrying out audits, formulating financial strategies and plans, and developing financial
feasibility studies that enabled many of his clients to achieve their visions and targeted objectives. Mr.
Naidu provides insights with respect to the entire gamut of Financial Management including financial
resource mobilization, equity issues, optimum utilization of funds, financial budgets formulation and
budgetary controls. His experience also expands to such areas as designing internal control systems,
compliance systems, as well as a broad understanding of Commercial Companies Law and Corporate
Governance frameworks. Prior to joining us he held several senior executive financial and managerial
positions including posts as a Senior Chartered Accountant, Managing Partner and Senior Consultant for
Investor Services. His career saw him becoming a leading member of a number of highly reputable
organizations such as M/S Nabeel Al Saie – Public Accountants in Audit. Mr. Naidu is a fellow member of
the Institute of Chartered Accountants of India and the Institute of Cost and Works Accountants of India.
Mr. Naidu Pemmasani
VANGUARD’s Team
Director - Financial
Analysis

28. Mr. Ali Soltani possesses outstanding research, analytical, and communication skills and demonstrates
professionalism through high quality deliverables. Mr. Soltani displays a strong understanding of
entrepreneurship and marketing. He graduated from New York Institute of Technology with Bachelors of
Science in Marketing Concentration. During his time working for VANGUARD, he was able to utilize his
comprehensive marketing abilities while participating in undertaking a number of successful projects. He
is currently in charge of managing VANGUARD’s operational matters and mainly guiding the
establishment of new businesses in the Kingdom of Bahrain. His previous work experience includes
being positioned as a Business Researcher at AAJ Holdings, wherein he performed financial research,
analyzed research results and prepared presentations.
Mr. Ali Soltani
VANGUARD’s Team
Manager - Strategic
Advisory

29. Mrs. Fatema Al-Hammadi possesses highly developed interpersonal and communication skills in addition
to a strong appetite for continual self-development and learning. She graduated from the University of
Wales in the United Kingdom with a Bachelor of Arts (Honours) in Banking and Finance where she
prepared several in-depth studies in Banking, Finance, and Economics with a particular focus on the
European Money Markets and the European Banking Sector. Her business-based background has
transformed her into a solid opportunity-seeking individual. Mrs. Al-Hammadi joined VANGUARD in
October 2010, during her ongoing tenure she has been involved in numerous high-profile projects that
showcased her array of assimilated abilities and talents. Mrs. Al-Hammadi continually aspires to
thoroughly understand the region’s market to reach higher levels as well as obtain renowned
professional certifications in the field of Business Consultancy and Performance Management. She is
currently undertaking the Certification of Competency in Business AnalysisTM (CCBA®) and is preparing
to undertake the Project Management Professional (PMP®) Certification in 2014.
Mrs. Fatema Al-Hammadi
VANGUARD’s Team
Senior Associate -
Venture Advisory &
Research

30. Ms. Almoayyed has always possessed a keen eye for detail and a knack for critical thinking and analysis.
These interests manifested themselves from an early age, with her feeling strong inclinations towards
mathematics and other logical pursuits during her adolescence. This naturally systematic way of thinking
led her to pursue a degree in Finance and Commercial Law at the University of Auckland in New
Zealand, where she was able to sharpen her analytical skills and excel in Risk Management and
Investment Theory, as well as in Bankruptcy, Property and Marketing Law. Upon graduating, her passion
for learning raged on, inspiring her to spend a summer in Frankfurt, Germany where she did an intensive
course at Goethe University in International Finance and German. Before joining the VANGUARD team,
Deema worked as a Risk Management Officer at Bahrain National Holding, where she earned first-hand
experience in formulating risk strategy, risk analysis and risk mitigation. She hopes to provide
VANGUARD with the same level of commitment and passion she has given to everything else thus far,
and to also surpass herself professionally by gaining additional certified qualifications in risk
management, project management and entrepreneurship.
Ms. Deema Almoayyed
VANGUARD’s Team
Associate - Venture
Advisory & Research

31. Noor Hilal is a reliable and goal oriented individual possessing great passion and dedication for her
work. She recently graduated from The University of Bangor, Wales in the United Kingdom with a
Bachelors of Science in Banking and Finance. Ms. Hilal has been through several workshops and training
programs within the field of entrepreneurship, business management and Islamic Banking. Beforehand,
Ms. Noor served as a trainee at GBCorp (Global Banking Corporation), taking on experience in several
departments; including Operations, Investment, Treasury and Finance Department. All of which, has
helped in building her professional skills and expertise. She is currently pursuing to further develop her
educational background in taking on multiple professional and international certificates within her field.
Ms. Noor Hilal
VANGUARD’s Team
Associate - Venture
Advisory & Research

32. Mr. Panduranga Rao is a Financial Analyst in VANGUARD Bahrain, mainly responsible for financial
operations, strategy, planning and reporting. He is also in charge of designing Financial Models to
forecast financial growth, formulating feasibility studies, and defining optimum capital raising scenarios.
Prior to joining VANGUARD, Mr. Rao worked as Analyst with WNS Knowledge Services where he
conducted due diligence and assessed market potential for investment opportunities. He was also
assigned as an Internal Auditor at Hindustan Unilever Ltd (India) where he was responsible for planning
the audit, executing audit plans, reviewing internal controls over business cycles and performing test of
internal control. Mr. Rao holds a Bachelor degree in Commerce from Berhampur University and has
completed his Chartered Accountant Exam (Intermediate) from the Institute of Chartered Accountants of
India.
Mr. Panduranga Rao
VANGUARD’s Team
Financial Analyst