Saudi Cable Company

www.saudicable.com

Saudi Cable Company is the Middle East’s foremost provider of technological advanced energy and telecommunications total installation solutions. Conceived in 1975, the company has now come to be globally recognized for its excellence in product design and engineering, as well as world class total solutions services, by various governmental agencies and public utilities worldwide

In 1988, SCC became the 1st Saudi cable manufacturer that is publicly traded in Saudi Stock Market. The company’s activities include the design and engineering of all types of energy, telecom, instrumentation, control and specialty cables, manufactured to various international industry standards for power utilities, communications providers, the oil and petrochemical industry, to the provision of complete installation and turnkey total solutions.

With manufacturing facilities in three countries, the company’s plants located in Jeddah Industrial Estate in the Kingdom of Saudi Arabia compose of energy cable manufacturing, metallic telephone & optical fiber telecommunications cable, instrumentation, control and specialty, a copper rod mill, PVC compounding plant, and a facility for the manufacture of reels and pallets. In Turkey, production facilities are located in Bozuyuk (near Bursa), whereby specialization in Extra High Voltage to 400 kV makes the company, one of the few in the world with the capability to manufacture, install and site test Extra High Voltage Cable Systems to 400 kV. Additionally, Saudi Cable has a 50% share in one of the worlds largest facilities, located in Bahrain, specializing in the production of Aluminum and Alloy rod and bare conductors. SCC group follows a strict quality program that qualified all of its facility to receive ISO 9001:2000 certification.

Early 2007, the company started its expansion plan "covering the Saudi & Turkish operation" to meet the rising demand of cables. Last year, SCC group managed to achieve over $800 million in revenue that represents almost 3 times the results achieved in 2006. The company focused strategy and quality products give it an edge with major clients and customers like ARAMCO, SABIC, Saudi Electricity Company, STC, KOC, KNPC, DEWA, ADWEA and many others.

Today, Saudi cable group plays a major role in the regional boom by providing its technical expertise and wide spectrum products and services to major industry. Our products and services cover Utilities sectors, Oil & Gas Sector, Petrochemical Sector and industrial & commercial sector. Over the last 3 years and as a result of the strong economy in the region, SCC focused its resources to supply the local market which experienced an overwhelming increase in the demand of power cable. Our capacity will reach to 100000 ton by end of 2008 aiming at further development for next year.

BankMed

www.bankmed.com.lb

Headquartered in Beirut, BankMed, originally established in 1944, has grown to become one of Lebanon’s top banks. Its market share, measured by total assets, constitutes over 10% of the total of the Lebanese banking system.

BankMed, through its 44 branches spread all over Lebanon, provides a broad range of retail banking, corporate, wealth management, brokerage and investment banking products to both individuals and companies.

BankMed’s operations extend to Switzerland, where it has a subsidiary engaged in traditional private banking activities, and Cyprus, where it has a branch. BankMed has expanded its operation to Turkey via a commercial bank and to Saudi Arabia via an investment bank.

As of the end of 2007, BankMed had total assets of around US$9.2 billion, customer deposits of US$7 billion and total loans of US$2 billion. The Bank has a total client base of approximately 100,000 customers and employs around 1200 individuals.

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.