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Yemenia

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Arabiya

Organized by

Yemeni Ministry of Industry and Trade The General Secretariat of the Gulf Cooperation Council AL-Iktissad Wal-Aamal

Arabian Yemen Cement Co. Ltd


www.ayccl.com

The cement industry in the Republic of Yemen reflects a focus on all the existing cement plants in the western side of the country. However the existing plants are unable to meet the growing demand of cement in the country and hence there has been a gap between the supply and demand over the past several years. That led to cement being imported in huge quantities from neighboring countries like the Kingdom of Saudi Arabia, Oman, Egypt and sometimes from India to bridge the gap.

The current trend in infrastructure development in Yemen has brought to light the need for enhancing the production capacity of cement as a whole for the entire country and replacing the imports with the locally produced cement. More so the capacities are to be developed in areas where there are no such facilities at the moment. It is in this context that the set up of a Greenfield Cement Project near Mukalla gains importance and significance.

The idea of setting up the plant near the city of Mukalla came about to meet the needs of the Yemeni cement market in general and the eastern provinces in particular, as well as exporting to the Horn of Africa. Engineer Abdullah Ahmad Bugshan, a well known businessman of Saudi Arabia, decided in 2003 to check the availability of raw materials in the region so as to set up a cement manufacturing plant and mandated WS Atkins of UK to carry out the necessary studies. Setting up this plant will bring immense economic benefits to the people of Hadramout province as it will use local raw materials, employ local manpower and promote and support secondary industries in the province. Arabian Yemen Cement Company is considered to be one of the results of economic integration with the Kingdom of Saudi Arabia where most of its shareholders are from.

The Cement Factory of Arabian Yemen Cement Company Ltd will be established in Al-Oyoun area (more than 60km north of Mukalla) on the main highway to Sayoun city (Hadhramout Valley). It covers an area of about 22 km2 and will cost more than $260 million to build over a period of 26 months. It will produce ordinary Portland and Sulphate resistant brand cements with the international, Arabic and Yemeni standards and specifications. The daily production capacity is 4 thousand tons of clinker, equivalent to one million two hundred thousand tons annually.

A turnkey Contract has been signed with Sinoma International Engineering Co. Ltd, for setting up the factory under the supervision of Holtec Consulting Private Ltd. Both the contracting and consulting companies are considered to be among the best of the international companies with wide experience in the field of cement industry. The plant is expected to be operational by August 2008 with its own 45 MW power plant, to be supplied by Caterpillar of Germany, that will be built simultaneously with the cement factory.

The factory site was selected not only due to the abundance of basic raw materials such as limestone and clay materials available at the site but also because of its location away from the centers of population so that it will not cause any probable environmental harms. Moreover, the plant is designed according to the international standards and specifications and approved by the Environmental Protection Authority of Yemen.

A residential complex will be built near the factory to accommodate the employees along with the necessary infrastructure such as its own drinking water treatment plant, a sewage treatment plant and other services to support the factory and the residents.

The factory will employ about 500 Yemeni employees (engineers, technicians & workers) to work in the factory as a way to reinforce the Yemenisation of the manpower.

And according to the studies carried out by the Geological Survey Authority (Hadhramout Branch), all the raw materials (limestone, clay, silicon, aluminum, gypsum etc) are available in abundant quantities in Hadhramout province.



CAC Bank


www.cacbank.com

CAC Bank (The Cooperative & Agricultural Credit Bank) is a government owned bank that was established in 1982 under a special law.
The main objectives of the bank were to support certain economic sectors, mainly agriculture and fishery.

For the subsequent 22 years, the bank served as a specialized lender for development sectors.

Since the year 2004, and under a new management, the bank supported by the government has extended its line of services to cover all commercial banking services for both retail and corporate customers.

In a couple of years, the bank turned to be the fastest growing bank in Yemen with over 100% of assets growth, reaching YR55 billion during the year 2006.

CAC Bank has competitive edges over its competitors in the following major areas:

  • Having the largest number of branches that covers the whole regions of the Republic of Yemen.
  • Having the most advanced state-of-the-art systems.
  • A customer focused strategy that offers customers a well customized service to fit their exact needs.
  • A competent management team that includes the best Yemeni expertise in banking.
  • Distinguished international relations.

Within the coming two years, the bank will have two major developments:

Restructuring and Modernization:

The bank is now in the final step in hiring an international consultancy firm for the purpose of carrying a complete restructuring and modernization of the bank structure, processes and procedures. This unprecedented project in its size in Yemen is planned to enhance the bank’s overall performance and upgrading its operations to the current international standards.

Privatization:

A decree from the Yemeni government has approved the sale of 25% of the bank capital in Initial Public Offering (IPO). This step is scheduled to take place in 2008 after finishing the bank’s restructuring project.



UNITED DEVELOPMENT COMPANY (UDC)


www.udcqatar.com

United Development Company (UDC) is one of the country’s leading public shareholding companies. UDC’s mission is to identify and invest in long-term projects contributing to Qatar’s growth and providing good shareholder value. The company was established in 1999 and has an authorized share capital of QR 1.072 billion (US $294 million), was listed on the Doha Securities Market in June 2003, and is a Gulf Business Top 100 company.

UDC’s target areas of interest include: infrastructure, energy-intensive industries, downstream hydrocarbons, real estate, construction and environment-related businesses. UDC established the Qatar Dredging Company (QDC), a joint venture with the State of Qatar and Belgium’s Dredging, Environmental & Marine Engineering NV, and formed Qatar Cool, a district cooling company, in partnership with Tabreed of the United Arab Emirates. UDC also partnered with Seef Limited, a joint venture with Qatar Petroleum, to develop a plant to produce linear alkyl benzene (LAB), which is the main feedstock for detergent manufacture. The plant started operations in 2006 with a production capacity of 100,000 tons a year. UDC has also invested in the Gulf Formaldehyde Company as a joint venture partner with Qatar Fertiliser Company (QAFCO) and other Qatari investors. Operations began in 2004.

In November 2005, United Development Company entered into a new joint venture with BESIX NV of Belgium to establish a ready-mix concrete facility, with shareholding split between UDC (32%) and BESIX NV (49%). The remaining shares were acquired by local Qatari investors. Production began in June 2006. On May 31, 2006 UDC entered into a partnership with a Turkish biological wastewater treatment company (Millenya Inc.). Under the terms of this partnership, UDC acquired 60% of Millenya's equity.

United Development Company’s latest business partnership was signed on November 28, 2006 when the company concluded a joint venture agreement with Spain’s Ronautica S.A. The agreement will see the establishment of Ronautica-Middle East, a Marina Operations and Management Company. UDC will hold a 60 percent stake while Ronautica S.A. will hold the remaining 40 percent in the new firm. UDC’s founders, who at launch held 45% of the shares, are among Qatar’s most successful investors and developers. A large number of Qatari and GCC investors are shareholders in UDC.



وزارة النفط والمعادن


www.mom.gov.ye

وزارة النفط والمعادن تمثل وزارة النفط والمعادن الجهة الاساسية لتطوير مصادر الثروات الطبيعية بشكل عام من خلال مشاريع تقوم بها عن طريق التعاقد مع شركات عالمية متخصصة في مجال المسوحات الجيولوجية والاستكشافات النفطية والمعدنية .

وتنتهج لتحقيق النتائج المرجوة الوسائل المختلفة مثل ترويج المناطق الواعدة وتقسيم المناطق الى مناطق امتياز محدودة وذلك بناءاً على معطيات علمية جيولوجية وجيوفزيائية وهذ النهج يتطلب معارف ومهارات وقدرات تخصصية علمية وميدانية لذلك , فالوزارة تولي برامج التدريب والتأهيل اهمية خاصة لموظفيها وكادرها البترولي والمعدني , ليكتسب تلك المهارات والخبرات التي تمكنه من مواكبة النمو المطرد في مختلف المجالات المرتبطة بنشاط الوزارة ونتيجة لتعدد المهام والاختصاصات التي تقوم بها وزارة النفط والمعادن فأن هيكلها الإداري يشمل على الهيئات التخصصية والمؤسسات والشركات التالية :

هيئة استكشاف وانتاج النفط

تعتبر الهيئة وحدة فنية متخصصة في مجال النفط ويضم هيكلها الاداري ادارت عامة متخصصة ويبلغ عدد موظفيها من مهندسين ومتخصصين وفنين 1480موظف. وتقوم الهيئة بالاشراف والرقابة الفنية على كافة اعمال الشركات العالمية والمحلية العاملة في البلاد وذلك في مجالات الاستكشاف والانتاج للنفط والخدمات المصاحبة للعمليات النفطية وتقديم الخدمات اللازمة لتسهيل انشطتها المختلفة.

هيئة المساحة الجيولوجية والثروات المعدنية

تعد هيئة المساحة الجيولوجية والثروات المعدنية من الوحدات الأساسية التابعة لوزارة النفط والمعادن. حيث تقوم الهيئة بأعمال الكشف والتنقيب والترويج عن الخامات المعدنية، وإعداد الخرائط الجيولوجية والغرضية، وتنفيذ الدراسات والبحوث المرتبطة بمشاريع الثروة المعدنية، وإبرام اتفاقيات التنقيب عن الثروات المعدنية مع شركات التعدين الأجنبية.

شركة صافر للعمليات الاستكشاف والانتاج

تم انشاءها بغرض القيام باعمال الاستكشاف والانتاج في قطاع (18). وتعتبر المنتج الثاني في البلاد من حيث حجم انتاجها اليومي وبكادر يمني متخصص في كافة المجالات .

المؤسسة اليمنية العامة للنفط والغاز

والتي يتبعها الشركات الوطنية الاتية :
ومن ابرز مهامها:
  • توفير إحتياجات السوق المحلي من المنتجات النفطية والخامات الأولية والوسطية وتصدير النفط الخام ومشتقاته.
  • إقامة المنشئات الخاصة بالعمليات الصناعية , وتكرير النفط الخام والغاز , والعمل على انشاء الصناعات البتروكيماوية .

وتتمتع المؤسسة بصلاحيات تمكنها من انشاء شركات مساهمة بمفردها , او مع شركاء آخرين.وتتبع المؤسسة الوحدات التالية :

  • الشركة اليمنية للإستثمارات النفطية والمعدنية .
  • شركة توزيع المنتجات النفطية .
  • الشركة اليمنية للغاز.
  • الشركة اليمنية لتكرير النفط.
  • شركة مصافي عدن.
  • مركز التدريب النفطي .



SabaFon


www.sabafon.com

SabaFon was launched in February, 2001 as the first GSM operator in Yemen. With a relatively short timeframe, SabaFon has achieved major leaps, providing the quality service making it the company of choice. SabaFon applies active business and marketing strategies interacting with people's interests. SabaFon holds the leading position in Yemen's GSM market with more than 50% of the market share. SabaFon network has expanded proportionally covering 90% of the country. SabaFon also offers a larger network option in terms of international roaming with 240 different partners all over the world.

The company offers a very wide range of innovative services that even compete with those of leading GSM operators abroad. SabaFon products and services are specially designed to benefit subscribers from different walks of life. The tailored offers of the company are so consecutive that every month witnesses new development. In addition to the direct contribution to national economy, SabaFon plays a dynamic social role in the country. SabaFon offers job opportunities for many people and livelihood for around 1200 employees, also creates new business options in Yemeni market. SabaFon realizes its huge social responsibility, and spares no effort of contributing to the public welfare through sponsoring social events.



Yemen International Telecommunications Co. – TeleYemen


www.teleyemen.com.ye

“Yemen International Telecommunications Co. – TeleYemen” was formed in 1990 as a joint company owned by Yemen’s Public Telecommunication Corporation (PTC) and Cable and Wireless Plc. The company was established to provide International telecommunications services from and to the country. The partnership lasted for 13 years. As the contract period has expired on December 31st 2003, The PTC bought out all Cable & Wireless shares and signed an agreement with France Telecom to operate TeleYemen for five years starting January 1st, 2004. TeleYemen offers its customers a variety of services including, direct international telephone, Dawli prepaid calling card, Internet, Inmarsat, BGAN,VSat,leased circuits, and data transmission services.

Company Vision

Our Vision is of a Yemen which is an integral part of this world where people’s reach, ability to keep in touch and do business and to flourish is not limited by matter of distance. We will seek to harness technological progress to serve the people of Yemen to enable them to benefit from the goods and services produced by increased innovations around the globe.

Company Mission:

Our Mission is to extend people’s ability to keep in touch with their families, friends and business partners around the world.

Consolidated Contractors Company


www.ccc.gr

Consolidated Contractors Company is a multinational construction company operating principally in the Middle East, Africa, Europe, the Caribbean, Central America, C.I.S. and South East Asia, with its headquarters in Athens, Greece. In five decades of operation, CCC has grown to become one of the leading contractors in the international construction field, with over 120,000 employees composed of more than 60 nationalities .

In 2005, the company ranked 18th Worldwide and 1st in the Middle East in the “Engineering News Record (ENR) Top 225 International Contractors Survey” with a yearly turnover that recently exceeded three Billion US Dollars .

The scope covered by CCC includes Complete Plant Construction including all Mechanical, Civil, Electrical and Instrumentation Works in the Petrochemical plants, Refineries, Oil and Gas related Projects, Industrial Plants, Loading and offloading Terminals, Heavy Civil Construction for Power and Desalination Plants, Water and Sewage Treatment Plants, Airports, Bridges and Highway Interchanges, Harbors and Docks, EPC of Pipelines for Oil, Gas, Water, etc.

All the above in conformity with the highest Safety and Quality requirements (CCC was awarded Quality Certification by BVQI ti ISO 9001 and ISO 9002) .

CCC (Underwater Engineering) , a member of Consolidated Contractors Group, has been fully operational now for over twenty years, providing a specialist diving service to the offshore and marine civil engineering companies throughout the Middle East .

ACWA Services Ltd. Is a design, project engineering and contracting organization, offering a total service for water and effluent treatment systems . ACWA Services Ltd. is a member of Consolidated Contractors Group .

SICON OIL & GAS was formed in 1992 to be the Engineering and Procurement arm of CCC for Oil and Gas Upstream Projects. SICON undertakes full responsibility from Process Design to Plant Startup, including Design & Details Engineering . Project Management, Procurement Services, Precommissioning, Commissioning and Training .

In 1998, CCC acquired the Morganti Group Inc., a large U.S. construction company based in the state of Connecticut, a truly full-service construction organization . The experience and expertise of Morganti Group includes building construction for business and industry, healthcare, education, water, sewage and refuse treatment facilities .

Furthermore CCC, under the terms of a management agreement with National Petroleum Construction Company, plays a major role in the management of NPCC’s operations whose major activities are :

  • Offshore Fabrication
  • Offshore Installations
  • Offshore Pipelaying
  • Offshore Maintenance
  • Pipecoating
  • Erecton of Tanks



AL-RAHABI TRADING & INDUSTRIAL GROUP


www.alrahabi-group.com

In consideration of the extension and development maintained in its business scope, the board of directors had found it appropriate to change company's name from al rahabi trading stores to a name that should truly correspond to its qualitative and quantitative business activity in the market.

Accordingly, the board of directors had decided to name the company "Al Rahabi Trading & Industrial Group" as an entity that embodied business and industrial corporates.

And hence got its legal feature under the city's municipality act no.(6114). That categorized the company as multilateral purpose corporate in yemen.

Such extension and the scope of development of al rahabi trading & industral group is manifested through its nine branch companies not only in local vicinities but also overseas.

  1. Al rahabi for building materials, it has branches all over the country cities and it's head office is in sana'a.
  2. Yemen steel manufacturing co., ltd. Incorporated in hodeidah.
  3. Aden international trading & investment co., ltd. (it owns sawmill and blockboards blockboard plywood factory).
  4. United snacks food co., ltd.
  5. Al rahabi for foodstuff and marketing co., ltd.
  6. Yemen real estate & investment co., ltd. Combines under its management (yemen mall and magic park).
  7. Overseas

  8. Al rahabi for general trade l.l.c. (incorporated in dubai- u.a.e.)
  9. Alrahabi manufacturing & rolling steel products co., ltd. Uae- sharjah- hamriyah free zone (under construction) .
  10. Alrahabi sawmill, uae (under construction) .

Companies aggregate annual internal & external selling capacity is estimated to be about one hundred million us dollars, envisaged to increase in the coming years.

Our target future prospects are of wider scope and incalculable ambition and we believe that such prospects are attainable only through maintaining best relations with our customers and suppliers and rendering them our best services to create with them long term mutual business relationships.

As U.A.E. has emerged in the gulf area as a booming market in all-trade fields, we as any wise business people should do, managed to have a foot-hold in dubai.



Bin Farid & Baghlaf Partnership - Jenan Aden


www.jenanaden.com

Bin Farid & Baghlaf is an investment company situated in Yemen. The company was established by Shk. Saleh Bin Farid Al Awlaqi and Saeed Ahmed Baghlaf & Partners Holding Group. Bin Farid & Baghlaf aims to become the leading investment company within the Republic of Yemen. The company’s primary target sector will initially be real estate as it plans to capitalise on the growth that is currently being witnessed. The company’s core value will be to support the Yemen population growth and the protection of its culture, one of the oldest in the world.

In addition to real estate, the company’s investments will be driven from Yemen’s needs and demands in the industrial, services and commercial sectors.

The company’s board of directors has an extensive experience in investment and development.

The Board

Bin Farid & Baghlaf board of directors consists of:

  • Shk. Saleh Bin Farid Al Awlaqi, Chairman
  • Shk. Saeed A. Baghlaf, Deputy Chairman
  • Shk. Abdulhadi A. Shayif
  • Shk. Yosuf Khalawi
  • Shk. Omar A. Baghlaf
  • Dr. Issam A. Al Rahbi, Managing Director
  • Hussain Saleh Bin Farid Al Awlaqi

One of the major projects that is under development by Bin Farid & Baghlaf is Jenan Aden. It is a modern, self contained city situated upon the majestic Ihsan Mountains that curl along the coast near the prosperous port town of Aden. Jenan Aden is a development, designed to epitomise the leadership and ambition of the new emerging Yemen.



KUFPEC


www.kufpec.com

Kuwait Foreign Petroleum Exploration Company K.S.C. (KUPFEC) is a wholly-owned subsidiary of Kuwait Petroleum Corporation (KPC), the holding company for the State of Kuwait’s energy sector interests in Kuwait and worldwide.

KPC is one of the world’s largest integrated energy conglomerates with total assets exceeding US$ 15 bn and annual revenues of more than US$ 21 bn. Its activities include upstream operations, refining, shipping, overland transport, pipeline operations, petrochemical manufacturing, marketing and retail operations.

Founded in 1981, KUFPEC’s mission is to pursue exploration and acquisitions, and the development and production of hydrocarbon energy sources outside the State of Kuwait. With profitable operations, positive internal cash flow, annual revenues of about US$ 840 mn and assets of US$ 1.3 bn, it is a remarkably successful and well-established medium-sized international upstream investor.

KUFPEC participates in a range of oil and gas ventures from exploration to production. Its key partners include leading international oil majors, national oil companies and other respected member of the upstream industry. The Company chooses only partners of repute. It operates properties itself and actively participates in the technical management of all others. Most of KUFPEC’s working interest exceeds 25% making it a committed and very involved partner.

With its share of current daily production in excess of 65,000 barrels of oil equivalent (boe) per day, and proved and probable reserves approaching a quarter of a billion boe, KUFPEC has embarked on an aggressive expansion strategy. Target production is 100,000 boepd, on reserves of 410 million boe, by the end of the decade.

KUFPEC is a significant player in the Yemen oil industry and has invested over $250 million in exploration, field development and production operations over the years. Today KUFPEC and Coventurers are pushing the frontiers of exploration into deeper water. In Mukalla (Block 15) the drillship Energy Searcher is currently drilling a two well programme offshore in the Arabian Sea. Elsewhere KUFPEC produces high quality oil for export from Jannah (Block 5) and East Shabwa (Block 10). Meanwhile two additional exploration blocks B7 and B74 were awarded to KUFPEC in the 2005 bid round to continue the quest for energy resources into the 21st century.



KGL Holding


www.kgl.com

KGL Holding represents a unique identity in Kuwait and in MENA region as a whole. The core activities of KGL Holding are to foster the growth and development of the KGL Group of Companies, whose current market capital stands well over 1 Billion US Dollars. Among its many services, the KGL group of companies undertakes a variety of operations such as providing vehicles and equipment to various customers, internationally and locally, who require logistical support on a rental, lease and contractual basis. The equipment provided by KGL is the latest and most technologically advanced machinery available, and the operations are maintained in accordance with high levels of quality assurance. With a well-established global network of service facilities and well-experienced staff, KGL is able to handle multi-phase projects in the MENA region.

KGL Holding is an ISO 9001 certified company that has received many awards and certifiications from local and international authorities, They have always been a trusted name in the logistics industry since their inception in the 1950s. KGL Holding has successfully built trust among its wide base of customers as they continue to thrive and expand. KGL Holding’s services have now diversified into many fields including Cargo Transport, Public Transportation, Technical Services, Agricultural Services, Waste Management, Stevedoring, Port Management, Insurance, Car Rental, IT Services, Real Estate, Logistics and Warehousing, Shipping, and even Travel and Tourism.

KGL Holding is actively working in many parts of the MENA region. It has a strong presence in Saudi Arabia, Sudan, the United Arab Emirates and Egypt, to name a few. Without a doubt, KGL’s wide range of services are implemented with customer satisfaction, cost reduction and quality in mind. A bright future lies ahead for the KGL group of companies as operational efficiency and international expansion come to the forefront in 2007.



Hayel Saeed Anam Group


www.hsagroup.com

Hayel Saeed Anam Group of companies is the largest and most respectful business conglomerate in the Republic of Yemen, operating a variety of activities(manufacturing, trading and services) across a number of countries worldwide like Saudi Arabia, Egypt, Malaysia, Indonesia and the United Kingdom and expanding its exports to more than 37 countries. The Group was founded in 1938 by the late Al-Haj Hayel Saeed Anam, whose vision of spreading welfare to the society and individuals has become the Group's principal mission. Its competitive position, good reputation and well-known management have attracted the trust of customers and stakeholders locally and internationally.



Dawood Trading Company


www.dawoodtrading.com

Dawood Trading Company has established its first spark of its group in the year 1919 in the district of Hodeidah. Taking in its task, the proffession in fishing business along the rich coast line of approximately 2400 km of Yemen.

Dawood’s real trend was the year 1971 by its long and rich experience business through Eng. Mr. Abdullah Taher Ahmed Dawood who contributed his talent and experience along with his sons to complete the company’s achievements. He has set up a modern organization, which meet the modern standard at its time and succeeding in turning it into a Group of Companies.

And due to that, the company was able to expand into several business locally, regionally and internationally to represent many strong and well known companies from several continent around this globe expanding the network to have several other sister companies in the group like as well as associated companies.

DAWOOD GROUP OF COMPANIES

    • Dawood Trading Company
    • Dawood Constructions Company
    • Dawood Industrial Complex
    • Al-Wahaj Group
    • Al-Wahaj Trading Company
    • Al-Wahaj General Constructions & Services
    • Al-Wahaj Logistics
    • Al-Wahaj Pharma (Medicine & Pharmaceutical)
    • Al-Aamaq Trading
    • General Trading
    • Future Design: Interior Decoration
    • Vulcan Yemen Group for Trading and Investment ( sister group )
    • Vulcan for Trading & Constructions
    • Vulcan Defense & Security Supplies
    • Vulcan Petroleum
    • Lotus Medicals
    • Vulcan Solutions, System & Telecommunications

All above companies are well established and are runed by professional expertise having excellent relations with their counter part around the globe.



Vulcan


www.vulcanyemen.com

Funding:

Vulcan Yemen originally started with the Core Company Vulcan Trading and Constructions which started as a general trading and constructions company. Starting with small business in cosmetics and sport equipments, then going into Security Supplies, and made a massive success by signing several agreements with number of the most important Defense and Security supplies companies around the world, winning several important contracts with the Yemeni Authorities.

The company, in a successful effort to boost its network of operations, has also been actively seeking new ventures and hence was jointly involved in major road constructions with functional partners whom were consequently responsible for delivering the ground work and operations side of the contract.

The rapid and steady growth of the company with its diverse, varied, and wide range of business operations naturally lead to the development and creation of five companies with each company specializing in a well researched and harnessed field forming the steadfast foothold of what is known today to be the Vulcan Yemen Group for Trading and Investments.

Vulcan Trading and Constructions

Core Company of the group specialized in Trading & Constructions, General Governmental and Private Sector Supplies & Tendering and General Investments.

Vulcan Defense & Security Supplies & Services

Is the first company of its kind and the only one officially registered as specializing in this field of business in Yemen. The base operation of this company is for the providence of Defense and Security supplies and servicing related fields as well customers needs.

Vulcan Petroleum

Is the group’s new arm securing a foothold in the Oil and Gas sector in Yemen. Oil and Gas business in Yemen is one of the fastest growing businesses and Vulcan Group took a bold initiative in founding Vulcan Petroleum to penetrate the field with Oil field Services, Drilling and mining, spare parts and Field requirements

Lotus Medicals

Lotus Medicals is the Company’s branch specializing in the pharmaceuticals business providing drugs, medical equipments, and other medical supplies along with Cosmetics & related business. This specific business sector is growing rapidly in Yemen and Group is giving it particular attention.



NCB


www.alahli.com

Funding:

  • The National Commercial Bank is the most prominent of Saudi banks and was the first bank established in Saudi Arabia. The Bank initiated business in the name of ‘‘The National Commercial Bank’’ under Royal Decree on 20 Rabi Thani 1373H (26 December 1953).
  • The initial paid-up capital for NCB was SR 30 million (US$ 8 million). Legal Constitution:
  • Since its establishment, the bank has maintained its legal structure as General Partnership till it was converted into a Saudi Joint Stock Company in 1997 as a first step to public offer as Joint Stock Company.
  • In 1999, the Government through the Ministry of Finance's Public Investment Fund (PIF) acquired a majority holding in the Bank.

Management:

  • With the changes in the Bank's ownership in 1999, a new Board of Directors was formed under the Chairmanship of Mr. Abdulla Salem Bahamdan who was reelected as Chairman of the Board of Directors for the current term.
  • On October 1, 2005, Mr. Abdul Kareem Abu Al Nasr was appointed as General Manager, but then appointed the bank's first Chief Executive Officer (CEO) on January 1, 2006 after the bank had applied the principles of institutional governance to separate between ownership and management of the Bank and achieve clarity.

Financial Indicators:

  • The NCB is the largest Bank in terms of capital in the Arab world. The Bank’s paid-up capital at year end of 2006 is SR 9,000 million (US$ 2400 million).
  • The Board of the directors recommended recently to the extraordinary general assembly to increase the paid-in capital from SR9,000 million (US$ 2400 million) to SR 15,000 million (US$ 4000 million) by capitalizing SR6000 from general reserves through issuing two bonus shares for every three shares.
  • Total assets at year end 2006 totaled SR 155,706 Billion (US$ 41,521 Billion)
  • Net profit for fiscal year 2006 totaled SR 6,273 million (US$ 1.672 million)
  • Shareholders’ equity at year end 2006 totaled SR 23,999 million (US$ 6,399 million)
  • Return on average Shareholder’s equity for fiscal year 2006 amounted to 27.5%.
  • Earning per share for fiscal year 2006 amounted to SR 6.97 (US$ 1.9), compared to 5.57 SR over earning per share for fiscal year 2005.

Key Facts & Figures:

  • The credit rating of the bank raised at rating of A from Fitch Agency and A+ from Standard and Poor’s.
  • At year end 2006, the Bank operated 260 branches throughout the Kingdom dedicated exclusively to Islamic Banking services.
  • By year end 2006, the Bank’s customers surpassed 1, 7 million clients.
  • At year end 2006, the Bank employees reached 5,126 people of whom 87.5 % were Saudis.
  • The Bank operates the largest dealing room in foreign exchange and money market in the Kingdom of Saudi Arabia.
  • The Bank operates 1080 Automated Teller Machines and 8,227 Point-of -Sale Terminals.
  • The Bank operates 2 international branches in Beirut and Bahrain, and 3 representative offices in London, Seoul, and Singapore.
  • The Bank operates a comprehensive array of alternative channels for services delivery such as Al-Ahli Telephone Banking, Al-Ahli Mobile Banking, Al-Ahli Online , Al-Ahli Trade, Al-Ahli Tadawul, Al-Ahli International Brokerage
  • Over 83% of customer transactions were executed through alternative delivery channels during fiscal year 2006.
  • The bank is one of the pioneers in Islamic Banking since the beginning of the nineties by creating Islamic alternatives for many traditional service and products.
  • The Bank is the biggest Financial Asset Manager in the Arab region and it is the first to offer Investment Funds in the kingdom.
  • The Bank manages the largest investment fund with Murabaha in the world which is the Murabaha fund with Saudi riyal.
  • The Bank has a prominent role in the area of social responsibility by executing various programs.



Global Investment House


www.globalinv.net

“Global” is a full-fledged investment company incorporated in 1998, and falls under the regulation of the Central Bank of Kuwait. Its underlying foundation is to meet the high expectations of local and international clients, and to enhance the investment service industry in Kuwait and the region. Today, Global stock lists on the Kuwait Stock Exchange, Bahrain Stock Exchange, and Dubai Financial Market.

Global plays an important role in promoting investment opportunities in the Arabian Gulf Peninsula to investors through expert financial engineering. It provides investors with a diverse scope of international and national investment opportunities, and facilitates those investments by providing clients with services that target their individual needs, and exceed their expectations.

With close support from various business sectors, Global is confident that its clients can always acquire the greatest viable performance from the expertise of a well-established team of professionals. The firm’s business sectors stretch through a wide spectrum of financial services ranging from asset management, portfolio management, brokerage services, corporate finance and investment funds.

Global has accomplished much since the company’s inception, and has been vigorous in developing the capital markets. Global’s Assets Under Management reached KD 2.085 billion (USD 7.2 billion) as of December 2006. Global has acted as a lead manager for Bonds & Islamic Finance deals, in addition to acting as a listing advisor for various companies. The company is also very active in managing an array of investment funds, accommodating to the different needs of our divergent client base.

As a further means of extending its services to the community, Global produces on a regular basis in-depth research reports. Global targets equity research, market reports, country reports, economic reports, market indices, and weekly updates, all of which span throughout the Gulf region and which are available on our website, www.globalinv.net.

Global always trusts that it will meet its clients’ financial demands and inquisitions, if not go beyond them. Whether it is financial instruments or just mere information, Global continuously offers products and services that will cater to the expectations of its clients.



Bin Shouilah Group


www.shuaileh.com

Bin Shouilah Group is considered an influential partner for a strong alliance for investment in Yemen. Bin Shouilah was established in 1980 as an independent trading & services company. led by the founder, Salah Jaber Salah Shuaileh have since evolved into a leading trading, financials investment, and financial service group committed to meet the needs of investors & customers a like. Today, Bin Shouilah owns a ray of companies as CC Establishment, BABY LOVE, and ETZMINE Establishment in the fashion industry, it also owns Bin Jaber Shuailah & sons Company for Trading in the motor trading category, and Shauilah Factory OF Marble & Grantee, Handle Top CO.LTD, and Alpah Thailand & Indonesia CO. LTD in both the industrial and financial segments. This has built a $US 200 million dollars worth of investments by the end of 2006.

The flagship of the Bin Shouilah group; The Maxmore Saudi Yemeni Cement Plant epitomizes the dynamism of the Group producing more than 5000 tons of cement every day. Since the signing the agreement of with our partners; we have constantly strived to offer cutting-edge investment opportunity services, commitment to excellence to deliver more GCC investors to invest to Yemen. This in turn will merge Yamen as one of the foremost financial investment countries.

And due to the lack or real domestic investment banking in Yemen, Bin Shouilah is planning with its partners to focuses on developing the Saudi Yemeni Islamic Bank with a $US50 Million as its capital this would help the capital and debt markets in Yemen. As part of the Bin Shuileh Group, ASAS enjoys the full backing of substantial leading Investors as Abdulrab Qasseem Al Eysaai, Alboulihed Group, The Yemen Side, bin shuaileh treading group, Bin Shaihoon Group, Alazani Group , alhammami group, and Abdulrahman Alawadi Group among others is in the unique position of being able to refer clients to an ever-expanding range of allied financial opportunities

The Company has invested substantial resources to refine a superior and comprehensive range of real estate Projects. These are “Durrat Adan” a Residintail City with an area of 15 million sq meter provided with all utilities carrying the cost to over 120 million Dollars. The Group is also finalizing the plans to build US$ 35 million Dollar mall in Sanaa to be the largest ever shopping mall the country have seen providing more investment opportunities for its partners.



Pan Kingdom Investment Company


www.pki.com.sa

Our Vision Setting specific goals and striving to attain them, professionalism, teamwork, cooperation in setting perceptions and overcoming obstacles. This is our vision, the key to success and continuous achievements. Mission The company is exploring a number of industrial investment opportunities with a total of SR 3000 million. These activities are assessed through financial and sample (عينية) studies. The list of projects is continuously renewed to select highest-potential success projects. Hence, the company requirements are achieved through proven successful renewal and continuity. Pan Kingdom Group Form the beginning, Pan Kingdom Group defined precisely and practically its path which was shortly reflected by the important development and diversification of the Group activities and specialties. Far from pretending perfection, aware of the continuous apprenticeship process, we didn’t settle for good accomplishments and seek more and better achievements. With every attainment, we were looking to the future. We realise the importance of honorable competition principles based on accomplishment values and integrity and we try to learn most from our competitors. Today, top-management and high-executive missions were transferred to the second generation leaders who gained the trust of the first generation, persevering founder of this entity. We have embedded our principles where every accomplishment is the result of teamwork and collective efforts.



CreditCard Services Company SAL (“CSC”)


www.issuers.com

CreditCard Services Company SAL (“CSC”) was incorporated in 1992 with the specific intention of servicing the card needs of banks in an efficient, dedicated, and cost effective manner. CSC is a principal member of both MasterCard International (“MasterCard”) and Visa International (“Visa”) and provides issuing & acquiring services. CSC also has a relationship for cash and retail acquiring with American Express since December 2003 and a relationship for cash and retail acquiring with JCB (Japan Credit Bureau, the largest Far Eastern card scheme) since March 1997.

CSC is a Financial Institution regulated by the Central Bank of Lebanon, the Banking Control Commission, and the Special Investigation Commission. CSC is audited by Deloitte & Touche and accredited by MasterCard and Visa. CSC’s Fully Paid Capital is LBP 10 billion (approximately USD 6.66 million counter value) and our shareholder’s equity is over USD 16 million while our Balance Sheet is in excess of USD 90 million.

CSC offers financial institutions a complete turnkey solution that spans the whole card business spectrum: card issuing to merchant acquiring to ATM and counter cash dispensing. CSC currently employs more than 230 employees, and uses state of the art technology at a cost of around USD10,000,000. In 2002, and as a result of the increase in business prospects outside Lebanon, CSC began spinning off local offices in several countries and today has sister companies in each of Egypt, Jordan, Yemen and Cyprus. These sister companies are dedicated to the day to day servicing and follow up of CSC’s local client banks and institutions whilst relying on CSC Lebanon’s technical and operational infrastructure and experience.

CSC presently services more than 70 banks in 19 countries including: Lebanon, Jordan, Syria, Egypt, Sudan, Yemen, Qatar, Sultanate of Oman, Afghanistan, Iraq, Algeria, Rwanda, the Democratic Republic of Congo, Nigeria, Kenya and Cote d’Ivoire, and on behalf of which we manage over 1,000 different product permutations (debit, charge, credit, pre-paid, virtual) with various brands (MasterCard and family, Visa and family and Private Label or Proprietary) and support over 20 different currencies. Our client banks range from small size banks to medium size banks to mega size regional banks, and therefore we are accustomed to assisting banks in their new card issuing projects from scratch as well as managing all portfolio sizes. We have extensive experience in dealing with the operational issues of both MasterCard and Visa (Licensing, BIN activation, certification, etc.). CSC also provides its bank clients and cardholders with privileged ATM access in Bahrain, Qatar, Kuwait, Oman and the UAE countries, by connecting the CSC Network to the GCC network.



Yemen Economic Corporation (YECO)


www.yecoyemen.com

Yemen Economic Corporation (YECO), was established in 1973 with the objective of providing the requirements and inputs for the armed forces and security personnel.

In 1975, the Consumer Corporation was established with the objective of providing the requirements and inputs for the families of the armed forces and security personnel.

In 1979, both the Military Economic Corporation and the Consumer Corporation were merged under the name of Military Economical Corporation to provide all the requirements for armed and security personnel and public market as well. In 1993 the name of the corporation was changed into the Yemen Economic Corporation.



Sababank


www.sababank.com

The Sabaa Islamic Bank Y.S.C. was established in 1996 with an authorized capital of YR 2 billion and a broad-base of 6700 shareholders. The bank started operating in April 1997 providing financing, investment and banking services in conformity with Sharia law.

In 2002, the Bank’s assets amounted to about YR 7.1 billion, with a paid-up capital of YR 1.4 billion, a total debit of about YR 7.9 billion and a total investment of about YR 11.2 billion. .

In February 2007, the total asset of the Sabaa Islamic Bank reached YR 78.5 billion. By the end of 2007, its paid up capital, accounted for YR 4.48 billion in 2006, will be increased to attain YR 6 billion.

The bank is characterized by the diversity of its shareholders where 25% of its capital are owned by international financial and banking institutions, through the Islamic Dubai Bank (the major patron of the real estate and civil revival in Dubai and UAE) and the Islamic Corporation for the Development of the Private Sector, member of the Islamic Development Bank.

Sabaa Islamic Bank has become the first bank in Yemen and the first Islamic bank in the world to join the IFC’s Global Trade Finance Program. Through GTFP, IFC provides Saba Islamic Bank coverage for its foreign trade through an extensive worldwide network of 94 banks. This agreement was a result of Saba Islamic Bank’s respect of international banking standards after a 5-year study of the Yemeni banking sector conducted by IFC.

In addition, for more than 8 consecutive years, the Sabaa Islamic Bank was ranked first in Yemen for proving the highest interest rate, 6 to 8%, on foreign currency debits.

Sabaa Islamic Bank has expanded its geographical coverage with thirteen branches in the major cities of the Yemeni Republic. Regionally, its branch in Djibouti was the first Yemeni bank in the country.



YEMENIA


www.yemenia.com

The history of Yemen Airways goes back to the year 1949 when the Yemen Government at that time bought two DC-3 Dakotas for officials, mail and at times a few businessmen among major Yemen cities.

On August 4, 1961 the Yemen Government set-up the Yemen Airways Company and the ownership of those two Dakotas was transferred to it. One year later, Yemen Airways was constituted as a Shareholder Company and the airline was to serve domestic cities - Taiz, Sana’a, Hodeidah and regional destinations to JIB and ASM. By 1965 it had four more Dakotas and added three more domestic destinations: BEY, ABS and Kamran.

In 1967 Yemen Airways had reached a cooperation with United Arab Airline (UAA - Now Egypt Air) and added two DC-6 aircraft to its existing fleet and a direct flight was introduced between Sana’a and Cairo.

On January 14, 1969 a new Board was established and in 1970 negotiation with Saudi Arabia for cooperation in aviation started and two additional DC-6 aircraft were added to the fleet. On October 2, 1972 Yemen Airways was transferred into Public Limited Company and continued to carry out its air transportation functions with DC-6 aircraft and chartered caravel aircraft to strengthen its HOD/JED sector.

In 1973 a new phase of development had begun. The corporation leased two B737s from Britannia Airways. After the expiry of the lease, it leased three B737s from World Airways - these jets which had flown international routes - ATH and ROM were added to the network. At the end of the year 1976 it had added one B737-200 to its fleet.

In July 1977 Yemen Airways has taken yet another big step forward and a new company - Yemenia (Yemen Airways) was formed with 51% share by Yemen Government and 49% by Saudi Arabia. The formation of Yemenia had reflected a Real Investment that is lasting till now. All its activities are supervised by a Joint Yemeni - Saudi Board of Directors. We can say that 1978 was considered as a landmark in aviation history of Yemen. It has witnessed the beginning of new era in air travel service and progress.

By the end of 1979, Yemenia had taken delivery of 4 brand new B727-200 and 2 DH7 in 1980. From that time Yemenia service had covered around 23 destinations within three continents: Asia, Africa and Europe with good reputation in service and safety.

The new company Yemenia added to its fleet 2 B737-200 and 2 DHC7 and its operation has been extended domestically and internationally to fulfill its obligation for air service and to cover the external and internal demand. Yemenia in the past couple of years acquired 4 (four) A310-300 and another 3 (three) B737-800 aircraft will be joining the fleet sometimes during the year 2002.

The potential for air travel in Yemen is very promising.