fincorp eng profile 2016
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CORPORATE PROFILE
Investment banking and strategic advisory services
2016
1
Table of Contents
Page
✔ Overview of FinCorp 2
✔ Affiliation 3
✔ International Relationships 4
✔ Range of Services 5
✔ Experience of FinCorp Professionals 17
✔ Management & Staff 28
✔ Contact us 35
This corporate profile serves as a reference for the investment community and other interested parties.
It provides an introduction to FinCorp and offers a simple yet comprehensive handbook of relevant informationto assist anyone wishing to analyze us.
2
Overview of FinCorp
� A fully licensed Investment Banking firm
that was established in Egypt in 1998
with a paid-up capital of LE 20 million.
� FinCorp is owned and managed by a
group of highly qualified professionals
with excellent track record in Corporate
Finance and Asset Management.
� FinCorp has strong professional
relationships with similar boutique
investment banking firms located in Arab
countries, most European countries in
addition to Turkey, South Africa, Canada,
USA, and Brazil.
FinCorp ultimately depends on maintaining
long term client relationships through
these 4 key values that act in a continuous circle
Long Term
Client Relationships
Professionalism
Quality output
Specific Tailoring
Innovation
3
Affiliation
FinCorp Investment Holding (S.A.E.) is registered with EFSA and is authorized to provide
the following services:
� Promotion and underwriting;
� Fund Management;
� Portfolio Management;
� Independent Financial advisory services; and
� Direct Investment in companies
• Egyptian Financial Supervisory Authority (EFSA) www.efsa.gov.eg
4
• M&A Worldwide
International Relationships
Established in 2004 in Western Europe, M&A Worldwide(www.m-and-a-europe.com) has grown to be a
worldwide network of middle market M&A boutiqueswith members in 35 countries on five continents. In
2011, reporting members completed 140 deals (68 sell-side, 41 buy-side and 31 financing) with a value of $1.31billion).
Members share the belief that M&A opportunities do notstop at national borders and that through cooperation
between like-minded professionals in selected countries,a client’s interests can best be served.
Last year, while choosing to retain the name M&A Worldwide, the alliance added the tag line “the global M&Anetwork” which accurately reflects the group’s capabilities and aspirations.
By the standards of other international organizations, the alliance operates on a relatively informal basis. Thereis no central secretariat and no annual fees. A couple of historical anomalies notwithstanding, there is one
member per country which creates clear lines and strong incentive for cooperation among members. Memberscooperate on terms agreed between them based on broad outlines so clients can be assured that a team is onehundred percent committed to striving for a successful transaction.
Members meet twice a year in a different country hosted by the in country member.
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Range of Services
Corporate
Finance
Financial
Advisory
Asset
Management
• Mergers and Acquisitions
• Private Placements
• Initial Public Offering
• Issuance of Corporate Bonds
• Arranging of Loans
• Business Valuation
• Fairness Opinions
• Feasibility Studies
• Strategic Business Planning
• Financial & Corporate Restructuring
• Corporate Governance
• Investor Relations
• Treasury Management
• Portfolio Management
• Fund Management
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� Understand the objectives of their acquisition
or divestment strategy (or can assist with thedevelopment of the strategy);
� Establish acquisition or divestment criteriaand identify potential candidates;
� Initiate discussions and obtain information;
� Advise on value;
� Structure and negotiate terms;
� Co-ordinate due diligence investigations;
Range of Services &
� Manage the acquisition process (including theraising of finance where required);
� Sell-side Advisory;
� Buy-side Advisory;
� Mergers/Spin-offs/Sales of Divisions, Departments;
� Management Buy-Out/ Buy-In;
� Arranging of cooperating partners;
� Arranging joint-ventures and alliances; and
� Post Merger Integration.
1. Mergers & Acquisitions
We work closely with our clients to:
Our M&A specialists are capable of identifying opportunities and executing cross-border deals for clients. TheM&Ateam can also provide clients with broader strategic advisory services.
Our awareness of the trends and issue within the local and regional industries allow us to advise clients on arange of strategic alternatives for improving the performance and value of their company.
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Ascertain Client
Needs
Idea Generation
Target/ Buyer
Valuation
Post Announcement
Positioning
Monitoring Deal
Flow
Evaluation of
Target/Buyer
Position
Analysis of Synergies
Structure & Arrange
Financing
Assess Market
Reaction
Identifying
Deals
Evaluating
Deals
Executing
Deals
Making deals
Successful
Deal Structuring &
Negotiation
Assess Integration
Issues
Due Diligence
Range of Services&&
8
2. Private Placements
Range of Services &
Prepare Valuation of
company
Assist in preparation of
road show presentation
Transaction closingDevelop marketing
strategy to potential
investors
Coordinate all activities
required to close
transaction
Contact potential
investor groups and
schedule read show
meeting
Drive negotiation of
value and appropriate
transaction structure
Provide follow-up
information to investors
as requested
Supervise and
coordinate investor due
diligence meetings
Assist in Preparation of
offering memorandum
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� Supervise the preparation of necessary financial, marketing, managerial, technical and legal
studies to identify the company’s major areas of strengths and weaknesses as well as the
identifying major opportunities and threats.
� Conduct necessary financial projections to determine the company’s expected cash flows and to
determine the fair market value of the company and its shares using different valuation
methods.
� For corporate Bonds: we assess the ability of the company to meet its long-term obligations and
ensure that it meets the minimum requirements to obtain an acceptable credit rating.
� Assess the prevailing economic clients and prevailing market conditions to identify the right
time for the offering.
� Assist in finalizing all formal requirements needed for the planned offering and in obtaining all
government approvals required.
3. Initial Public Offerings (Stocks / Bonds)
Range of Services &
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� Define the projects' short, medium and long term financing needs.
� Measure the projects expected level of cash flows under different operational conditions.
� Determine the most suitable financial instruments that could be used and the financial institutionsthat could be approached in order to raise the finance which conforms to and matches the project’sconditions (In accordance with Islamic Sharia).
� Identify the guarantees and collaterals that could be submitted to those financial institutions willingto finance the project.
� Prepare a complete Credit file (which includes all technical, marketing and financial studies inaddition to other documents pertinent to the project) and have it submitted to chosen financialinstitutions.
� Approach financial institutions to raise the required finance.
� Prepare and conduct necessary presentations to selected financial institutions to highlight theproject’s major areas of strengths, opportunities and risks and assess the project’s expected returns inaddition to providing necessary clarifications as may be needed.
� Evaluate offers received from different financial institutions and participate with the client’smanagement in the negotiations with them to obtain the best financing terms.
� Participate in reviewing the contracts with such financial institutions.
4. Structured Finance
Range of Services&
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Range of Services &
5. Business Valuation
� Business sales, purchases, and mergers.
� Corporate planning and strategic alternative agreements.
� Cross-fund investments for venture capital and private equity investors.
� Dispute resolution, litigation support, and expert opinions and testimony.
� Equity placements and financings.
� Intellectual property/intangible asset valuations.
� Management compensation and stock-option programs.
� Portfolio valuation and strategic alternative assessment for venture capital and private equityinvestors.
� Recapitalizations, restructurings, stock repurchase, and spin-offs.Valuation services are provided for M&A transactions in which FinCorp has been the investment
banker as well for transactions (both buy-side and sell-side) where we have structured the deal.
FinCorp has extensive experience working with shareholders, stakeholders, boards of directors, and
other interested parties with valuations, appraisals and fairness opinions.
FinCorp provides valuation services for a broad range of purposes and including:
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� Identify risks associated with the project (whether related to market, operations, management orfinance) in addition to assessing how such risks could be mitigated.
� Advise clients on possible methods to finance their projects and estimate the expected returns usingdifferent methods of financing.
� Studying different aspects of the project and analyzing its strengths and weaknesses through the
following:
� Supervise the preparation of detailed marketing studies / market research to identify marketingopportunities available for the project.
� Supervise the preparation of technical and engineering studies required to estimate the project’sinvestment cost.
� Conduct a financial appraisal for the project to identify its key financial indicators.
� Estimate the project’s Internal Rate of Return (IRR).
� Conduct necessary sensitivity analyses to assess the project’s sensitivity to changes in keyassumption used for financial projections.
6. Feasibility Studies
Range of Services&&
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� Perform diagnostic analysis to identify company’s major areas of strengths and weaknessesespecially with regard to the organizational, managerial, financial, marketing and technicalaspects.
� Perform external analysis to identify prevailing market conditions, projected trends and identifymajor opportunities and threats.
� Establish the company’s mission statement and corporate values.
� Identify and agree with the management the company’s strategic objectives and directions overthe coming period.
� Identify and evaluate available options to achieve the company’s strategic objectives.
� Recommend the option which achieve the best results.
� Prepare an Implementation Action Plan (which includes the steps and procedures, that has to befollowed to achieve the company’s strategic goals, in addition to identifying who is responsiblefor implementation, target competition date, success criteria and additional human and financialresources required).
� Assist in the Implementation of the Action Plan.
7. Strategic Business Planning
Range of Services&&
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� Conduct detailed analysis of the different financial, marketing, technical, managerial and legalaspects that led to the company’s delinquency.
� Evaluate the company and its surplus assets using internationally recognized valuationstandards.
� Prepare detailed cash flow projections to identify the expected performance of the company.
� Identify possible options for restructuring the company.
� Negotiate with financial institutions and creditors with the purpose of restructuring theoutstanding debts.
� Cooperate with the company’s legal advisor in drafting the restructuring agreement before it issigned by the client.
� Provide periodical consultancy to the client and follow-up his performance until full settlementof the outstanding liabilities.
8. Financial & Corporate Restructuring
Range of Services&&
15
9. Portfolio Management
In Egypt, FinCorp is licensed to provide Portfolio Management services. Clients can chose between a
Discretionary or Advisory Portfolio Service:
Range of Services &
� Discretionary portfolio management – where client wishes to delegate the day to day
management of his portfolio to a professional investment manager. FinCorp’s highly qualified an
experienced investment professionals take full responsibility for all investment and administrative
matters relating to client’s portfolio including undertaking the following tasks:
� Defining Clients’ Investment Strategy and assess their level of acceptable risk.
� Structure the Client’s Portfolio in a way that would conform with agreed upon strategy.
� Ensure that selected stocks are of the highest quality and have growth potential.
� Monitor the performance of the portfolio on a timely basis and issue periodic reports to clients.
� Advisory portfolio management – where clients wish to retain control over investment
decisions and play an active part in the decision making process. FinCorp’s team of qualified and
experienced investment professionals will keep clients informed of market trends and stock
movements but the final investment decision will always be under the control of the client.
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Range of Services &
We offer two distinct mandates to clients, both of which benefit from access to research supplied by
various securities houses:
� Long-Term Portfolio mandate - The Long-Term Portfolio provides exposure to local equity,
bonds and cash. This investment approach is best suited to investors seeking performance in the longterm through a more conservative portfolio management style.
Our investment philosophy focuses on assessing and reassessing recognized market leaders, and identifyingthe growth shares of tomorrow. We encourage open and honest debate throughout the investment process.
Diversification in these portfolios helps to reduce the threat of increased volatility seen in the local marketand better absorbs any shocks that may occur, providing a level of investment consistency.
� Opportunities Portfolio Mandate - The Opportunities Portfolio provides the opportunity of enhanced
returns by focusing on sectors showing out- performance or turnaround potential and identifying the growth
stocks in these sectors. We actively manage portfolios to exploit anomalies and opportunities that exist in themarket. The fundamental attraction of this portfolio is our ability to identify themes in the market and purchasegrowth stocks to maximize returns. The portfolio is ideally suited for risk tolerant investors looking for
enhanced returns through a highly flexible portfolio.
These mandates are controlled by an investment committee, which focuses on stock selection through the useof macro research and fundamental analysis, such as frequent company contact. Our investment process hasevolved with the market, enabling us to identify current themes, actively seeking opportunities in the marketwhich allow our portfolios to out-perform over the medium to long term.
Portfolio Management …
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Experience of FinCorp Professionals
Our professionals have provided
Specialized Financial advisory services
to a large number of leading companies
in the Middle East
18
Experience in the Real Estate Sector
Public Authority for Housing Welfare
A feasibility study to determine the financing needs,
and assess the viability of establishing Al Kheiran City
(on a PPP or BOT basis) in Kuwait on an area of 140
million square meters, with investment cost estimated at about KWD 5 bn equivalent to EGP 100 bn, or $17.8
bn.
Feasibility Study by
FinCorp Investment Holding
Tabarak Group
Valuation studies for each member company in order to identify the fair value of its shares in preparation for the
establishment of a holding company that will acquire
those shares.
Valuation by
FinCorp Investment Holding
DAMAC Properties for Development
A feasibility study to assess the viability of establishing
Hyde Park project in New Cairo. Hyde Park is a major
real estate project that has residential commercial, and
administrative components.
Feasibility study by
FinCorp Investment Holding
Orascom Hotels and Development
A valuation study to determine the fair value of
the company's projects in the Kingdom of
Morocco on a total area of 15 million square
meters.
Valuation by
FinCorp Investment Holding
Talaat Moustafa Group Holding
(TMGH)
TMGH commissioned Fincorp as an independent
financial consultant, to issue a certificate of the swap
rate between the shares of San Stefano Company and
TMGH.
Valuation by
FinCorp Investment Holding
Experience of FinCorp Professionals&.
Umm Al Joud City
A feasibility study to assess the viability of establishing
Umm Al Joud City in Makkah, KSA, on an area of 670
thousand square meters, with investment cost estimated
at about SR 1 billion equivalent to EGP 1.55 billion, or $267 million.
Feasibility Study by
FinCorp Investment Holding
19
Experience in the Manufacturing Sector
Orascom Construction Industries
A valuation study to determine the fair value of
the capital increase shares of Orascom
Construction Industries, in the connection of
acquiring the stake of Abraaj Capital in The
Egyptian Fertilisers Company.
Valuation by
FinCorp Investment Holding
Electro Cable Egypt Company
A valuation study to determine the fair value of the capital increase shares of Electro Cable Egypt Company,
in preparation for offering those shares to its existing
shareholders. FinCorp has prepared all the necessary
marketing, technical and financial studies.
Valuation by
FinCorp Investment Holding
The Savola Group
A feasibility study (in cooperation with representatives
of KPMG Hazem Hassan at Jordan) to assess the
viability of continuing operating one of the Company's
factories in the Middle East
Feasibility study by
FinCorp Investment Holding
Universal Group
A valuation study for each member company
in the group in order to identify the fair value
of the Group’s companies.
Valuation by
FinCorp Investment Holding
The Saudi Company for Investment and
Industrial Development
A valuation study to determine the fair value of the shares
of The General Company for Paper Industry "Rakta”, in
preparation for acquiring its shares by the Saudi Company
for Investment and Industrial Development. FinCorp has prepared all the necessary marketing, technical, financial
studies, and due diligence.
Valuation by
FinCorp Investment Holding
Rajhi Steel
A valuation study to determine the fair value of the
shares of Suez Steel Company, in preparation for
acquiring its shares by Rajhi Steel Company. FinCorp has
supervised the technical, financial and legal due diligence, and provided help in negotiations.
Valuation by
FinCorp Investment Holding
Experience of FinCorp Professionals&.
20
Experience in the Manufacturing Sector
Galva Metal
Valuation study to invite potential investors to
participate in the sale of the company’s share capital.
Valuation by
FinCorp Investment Holding
Egyptian Intl. Co. for Aluminum
(EIPAL)
Prepared a valuation study and financial restructuring
upon the request of the company’s lenders (banks).
Valuation by
FinCorp Investment Holding
Egyptian Italian Paints Co.-Euroquarzo
A feasibility study for the tiles production Company to
promote a stake of the company’s shares among potential
investors and to assist the company in securing necessary
bank loans and facilities.
Feasibility study by
FinCorp Investment Holding
Metallurgic Industry Holding Co.
(MIHC)
Provision of privatization advisory services to
SOFRECO.
Prepared by
FinCorp Investment Holding
Sinai Cement
A feasibility study to assess the viability of establishing
a new cement production line with a capacity of 10,000
clinker per day. In addition, FinCorp was also
requested to assist the company in promoting the stake of the company’s capital increase to potential investors
and also to assist in securing the required loans for
financing the second production line.
Feasibility Study by
FinCorp Investment Holding
International Co. for Refrigeration & Appliances (Iberna)
Private placement offering of a capital increase
amounting to LE 10.463 million distributed among
208,676 ordinary shares representing 47% of capital with
an offering price of LE 50 per share. The proceeds will
be used to finance the new expansion facility that will be established in 2001 to penetrate the household appliances
market
Valuation by
FinCorp Investment Holding
Experience of FinCorp Professionals&.
21
Experience in the Tourism Sector
Orascom Hotels Holding (OHH)
Providing financial advisory services for the issuance of
bonds for a total amount of LE 100 million (with a
maturity of seven years and a carried interest of 14.25%
paid semiannually) to retire a part of the company’s outstanding bank debts and to finance its new touristic
projects
Prepared by
FinCorp Investment Holding
OberoiHurghada Co.
Conducted a valuation study for Oberoi Hurghada Co. in order to determine the fair value of its share capital as
well as to assist it in promoting the sale of the bank’s
stake among potential investors .
Valuation study by
FinCorp Investment Holding
Akhbar El Youm for Touristic Devpt. (Radisson SAS)
Feasibility study to assess the viability of establishing
a five star Hotel in MarsaAlam. In addition, FinCorp
was also requested to assist the company in
promoting the company’s capital to potential
investors and also to assist in securing the required loans.
Feasibility study by
FinCorp Investment Holding
Tulip Nile & Golf Hotel (Luxor)
Feasibility study providing prospective investors with an
overview on the investment opportunity in the Golf City
Project. The feasibility study includes the establishment
of two hotels, shopping complex and other facilities.
Prepared by
FinCorp Investment Holding
Bonita for Touristic Invest., Fayed
Valuation study to offer share capital for sale to potential
investors.
Valuation Study by FinCorp Investment Holding
Nile Hilton
Valuation study to determine the share value of the
hotel.
Valuation by
FinCorp Investment Holding
Experience of FinCorp Professionals&.
22
Experience in the Financial Sector
Consumer Finance Company in KSA
A large investment bank in the Middle East was acquiring
a large Saudi Consumer Finance Company. Fincorp assisted its sister company in Riyadh, Saudi Arabia in
closing the major deal of acquisition which was
equivalent to L.E.375 million.
M&A by FinCorp Investment Holding
Housing & Development Bank
Fincorp undertook a detailed feasibility study to establish
the first Mortgage Company in Egypt. The issued capital
for this company L.E.500 million, was promoted among
Islamic Banks and Insurance Companies, International
Development Institutions, and other Islamic Financial Institutions and Investors.
Feasibility Study by FinCorp Investment Holding
Global Leasing Company
Fincorp undertook a detailed feasibility study to establish
a financial leasing company in Egypt. The Company is envisaged to be formed by a group of highly respected
local, regional and international banks and financial
institutions including Misr Iran Development Bank and
FinCorp. The issued capital for this company L.E.100
million.
Feasibility Study by
FinCorp Investment Holding
Experience of FinCorp Professionals&.
Reinsurance Company in KSA
Fincorp carried out a detailed feasibility study to
establish a new reinsurance company in Saudi Arabia.
The issued capital for this bank SR100 million, was promoted among Banks and Insurance Companies, and
other Financial Institutions and Investors.
Feasibility study by
FinCorp Investment Holding
SME Private Equity Fund
FinCorp prepared a detailed feasibility study to establish
a new SME Private Equity Fund in Egypt which aims at
investing in privately owned, financially viable, and promising SMEs with high growth potential and in need
for expansion. Both equity and /or mezzanine financing
may be provided. The initial capital of the Fund is USD
30 million. The Fund will be managed by one of the
reputable fund management companies.
Feasibility Study by
FinCorp Investment Holding
Investment Bank in Bahrain
Fincorp undertook a detailed feasibility study to establish
a new Islamic Bank in Bahrain. The issued capital for this
bank $100 million, was promoted among Islamic Banks
and Insurance Companies, and other Islamic Financial
Institutions and Investors.
Feasibility Study by
FinCorp Investment Holding
23
Experience in the Banking Sector
Commercial International Bank
Total Assets Amounted to: L.E. 16633 Million as at Dec.
31st 2000
Total Equity Amounted to: L.E. 1463 Million as at Dec.
31st 2000
Bank Valuation by
FinCorp’s professionals
Misr International Bank
Total Assets Amounted to: L.E. 11305 Million as at Dec.
31st 2000
Total Equity Amounted to: L.E. 905 Million as at Dec. 31st
2000
Bank Valuation by
FinCorp’s professionals
Export Development Bank
Total Assets Amounted to: L.E. 6460 Million as at
Dec. 31st 2000
Total Equity Amounted to: L.E. 514 Million as at
Dec. 31st 2000
Bank Valuation by
FinCorp’s professionals
Egyptian American Bank
Total Assets Amounted to: L.E. 6268 Million as at Dec.
31st 2000
Total Equity Amounted to: L.E. 525 Million as at Dec. 31st
2000
Bank Valuation by
FinCorp’s professionals
National Societe General
Total Assets Amounted to: L.E. 5474 Million as at Dec. 31st
2000
Total Equity Amounted to: L.E. 473 Million as at Dec. 31st
2000
Bank Valuation by
FinCorp’s professionals
Egyptian Commercial Bank
Total Assets Amounted to: L.E. 2058 Million as at
Dec. 31st 2000
Total Equity Amounted to: L.E. 191 Million as at Dec.
31st 2000
Bank Valuation by
FinCorp’s professionals
Experience of FinCorp Professionals&.
24
Experience in Other Sectors
Advanced Computer Technology (ACT)
Valuation study to invite new investors to participate in
the company’s share capital.
Valuation by
FinCorp Investment Holding
Manara Holding Co.
(under formation)
Valuation study to offer new issuance of 117,000
ordinary shares, at a fair value of LE 100 per share (the securities) for sale. The 117,000 shares will represent
57% of the Company’s shares amounting to LE 20.6
million.
Valuation by
FinCorp Investment Holding
Thebes Educational Group
Initial offering of up to 40% of Thebes Educational Group
total capital. The offered stake value is LE 28 million.
Private placement offering.
Prepared by
FinCorp Investment Holding
Saudi Egyptian Co. (CAT)
Feasibility study for establishing a trading company inEgypt for the purpose of importing and selling footwear
and other accessories mainly under the brand name of
CAT.
Feasibility study by
FinCorp Investment Holding
Commercial Intl Real Estate Co. (CIRD)
The offering of a private placement of a capital increase
of US$ 14.8 million representing 25% of its share
capital to finance the establishment of Nile Gateway
Office Complex, CIRD’s first project. In addition to seeking a bank loan of US$ 29.3 million
Valuation by
FinCorp Investment Holding
German Industry Co. (GIC)
A feasibility study to raise a long term loan of US$ 2.6 million that will be used to finance part of the
construction cost of The German Chamber Tower
which would be occupied by the German Arab
Chamber of Industry and Commerce (GACIC),
selected German, European and Egyptian organizations
Valuation by
FinCorp Investment Holding
Experience of FinCorp Professionals&.
25
Experience in Other Sectors
The Egyptian Holding Company for
Airports & Air Navigation
Considering the major expansion projects undertaken by
public sector companies operating in the Airports and Air
Navigation sector in Egypt; the concerned holding
company invited FinCorp to prepare a detailed study to estimate each affiliate company’s financial needs over a
ten year period taking into consideration the expected
volume of traffic and business and its impact on revenues
and on the need to invest in expansion projects.
After identification of financial gaps we proposed different
alternatives and sources to raise finance for each company
(including issuance of bonds).
Financial Advisory Services by
FinCorp Investment Holding
Ministry of Transport
Prefeasibility study to establish the first modern Light
Rail Transit System (LRS)in Egypt between Cairo (Ain
Shams) and the satellite city of 10th Ramadan City. The
line was envisaged to have a length of approximately 45 km between the two cities and an additional internal LRS
network in 10th of Ramadan City. The objective of this
project is to provide a modern, convenient mode of
transport between the two cities. The proposed LRS was
envisaged to the first link in a more extensive urban transport system.
Feasibility study by
FinCorp Investment Holding
OUIA Real Estate Investment Company
FinCorp acted in collaboration with a leading engineering consultancy company in Egypt as advisors to OUIA Real
Estate Investment Co. - one of the leading real estate
development companies in Egypt - to prepare an integrated
feasibility study and determine the funding requirements for
the establishment of a multi-purpose project in Cairo. The project will be established over an area of 380 thousand
square meters and its investment cost is estimated at USD 1.7
billion.
The project includes the following components: Hospital,
Hotel, Commercial Mall, Office Building, and International
School.
Feasibility study by
FinCorp Investment Holding
Experience of FinCorp Professionals&.
26
Experience in Other Sectors
Manara Holding Co.
Valuation study to offer new issuance of
117,000 ord inary shares, at a fair value of
LE 100 per share (the securities) for sale.
The 117,000 shares will represent 57% of
the Company’s shares amounting to LE 20.6
million.
Valuation by
FinCorp Investment Holding
Experience of FinCorp Professionals&.
Misr Duty Free Shops Company
A valuation study to determine the fair value
of the Company’s shares in light of the desire
of the BOD of the Company to increase the
capital through a new issue.
Valuation by
FinCorp Investment Holding
NAVISAT Middle East & Africa
Analyzing the business model developed by Booz &
Co, Assist business and technical consultant in the
business plan process, estimate the fair market value of
NAVISAT, conduct a fund raising study, propose the
shareholders’ strategy, prepare the necessary
documents for fund raising from investment banks and
financial funds, start a road show material for fund
raising..
The overall goal of NAVISAT is to contribute to
improving Communications, Navigation, Surveillance
and Air Traffic Management services that would
provide cost-effective satellite communications and
major improvements in the aeronautical services, thus
enhancing safety and efficiency of air transport.
Financial Advisory Services by
FinCorp Investment Holding
27
Experience in Other Sectors
Experience of FinCorp Professionals&.
Petroleum Products and Services Marketing Company
A detailed feasibility study to establish a petroleum products and services marketing company.
Identifying marketing opportunities available for the project. Hence, estimate the project’s revenues with high degree of accuracy. Estimating the project’s investment cost and sources of
finance. Estimating the project’s net present value (NPV) and internal rate of return (IRR).
Feasibility Study by
FinCorp Investment Holding
Al Babtain Power and Telecommunication Company
A detailed feasibility study to establish a specialized electrical contracting company.
Identifying marketing opportunities available for the project. Hence, estimate the
project’s revenues with high degree of accuracy.
Feasibility Study by
FinCorp Investment Holding
Egyptian Financial and Industrial Co. EFIC
Fincorp prepared a valuation study and financial restructuring for EFIC and its affiliate company Suez Fertilizers Production Company. Fair values were estimated at LE 1.14bn
and LE 643mn respectively.
Financial Restructuring by
FinCorp Investment Holding
Industrial Modernization Center (IMC)
The professional staff of Fincorp undertook a feasibility study to establish a new venture
capital fund to support SMEs in Egypt through: detailed identification of the financial needs
of the SMEs, performing a market study, undertaking a legal overview, setting organizational
and managerial requirements, and Performing the financial appraisal and evaluating the overall viability of setting up the fund in Egyptian marketplace.
Feasibility Study by FinCorp Investment Holding
28
FinCorp’s Most Important Asset & People
FinCorp’s Experienced Executives and Staff:
� Provide better understanding of current issues and high quality advice.
� Are single source for integrated advice on a wide range of financial services.
� Offer independent advice reinforced by long standing technical experience.
� Have strong relationships with numerous leading private & public sectorbodies.
� Have access to exceptional industry knowledge and business processexperience.
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Management & Staff
Membership in Professional Societies
•Egyptian Capital Markets Association
•The Institute of Management Consultants, USA
Languages
•Arabic: Excellent
•English: Excellent
Industry Experience
Directed, coordinated, led and conducted a multitude of assignments, comprising
multi-disciplinary teams of professionals, in the following sectors in Egypt, several
Arab countries, Canada and Africa:
•Energy
• Real Estate
•Capital Markets
•Construction
•Manufacturing
•Tourism
•Banking
•Telecommunications
Name Mohamed Hamdy Salem
Position Chairman & Managing Director
Qualifications Bachelor of Commerce, Accounting, 1967, Cairo University.
Post Graduate Studies in Economics, Financial Planning andMgmt Accounting, 1979, McGill University, Montreal, Canada.
Experience Mr. Salem joined FinCorp in January 2000 as Managing Directorand CEO. Previously Mr. Salem was Head of KPMG HazemHassan’s Corporate Finance practice as well as coordinator ofKPMG’s Corporate Finance network in the Middle East, and hasaccumulated over 28 years of experience in Senior CorporateFinance positions. Mr. Salem has worked and lived in bothCanada and Egypt. He has gained a wide range of financialexpertise in mergers and acquisitions, private placements andfund raising, business valuation, financial restructuring,privatization, feasibility studies and project appraisal, corporaterestructuringand strategic planning.
Mr. Salem directed, coordinated, led and conducted a multitudeof assignments, comprising of multi-disciplinary teams ofprofessionals in many sectors in Egypt, several Arab countriesand Africa such as: banking, capital markets, tourism,manufacturing, real estate and construction
Professional History
•CEO & Managing Director, FinCorp
•Head of Corporate Finance, KPMG Hazem Hassan
Management Consultants
•Partner, KPMG Hazem Hassan Management Consultants
•Manager, KPMG Hazem Hassan Management Consultants
•Senior Consultant, KPMG Hazem Hassan Management
Consultants.
30
Management & Staff
Name Ahmed AbdulMoneim
Position Vice President
Qualifications Investment Negotiation, George Town University, USA
Venture Capital in Africa, African Development Bank, Ivory Coasts
Enterprise Management program, Arther D. Little, USA
BA, Economic and Political Science, Cairo University, 1963
Experience Mr. AbdulMoneim, before being a Vice President at FinCorp
Investment Holding, had been a Board Member of The Egyptian
Holding Company for Airports and Air Navigation for more than
14 years.
As a member of a team representing the Holding Company for
Airports and Air Navigation he had participated in all the
negotiations with The World Bank in connection with arranging a
long term loan to finance terminals of Cairo Airport. He
participated also in studying all conditions of the loans granted to
the company by local banks and international institutions.
His multidisciplinary background in Misr Iran Development Bank
(MIDB) for more than 40 years allows him to be heavily involved
in numerous fields of related activities.
In his capacity as a Board Member and First Deputy General
Manager at MIDB he has an ultimate oversight responsibility for
all aspects relating to Corporate and Investment Banking
Activities. He assisted in setting out strategies, policies and related
procedures to achieve the Bank’s objectives towards maximizing
its shareholders’ wealth. His responsibilities were directed towards
planning budgeting and monitoring the Bank’s performance
measures and developing business plans to modernize the current
techniques.
Languages
•Arabic: Excellent
•English: Excellent
•French: Fair
Mr. AbdulMoneim also served as the First Deputy General Manager for MIDB,
as such he has been appointed as the head of the Investment Sector and
Problem Accounts Department for more than 10 years after which he has been
assigned to lead the Credit and Commercial Operations.
During the late nineties, when the capital market gained momentum he has
been assigned by the Board of Directors of MIDB to develop the Corporate
Finance, Marketing and Portfolio Management Divisions.
Professional History
•Vice President, FinCorp
•Board Member, Egyptian Holding Company for Air Port and Air Navigation
•Board Member, Misr Iran Development Bank (MIDB)
•Managing Director, Mutual Fund of MIDB
•Senior Executive Director, MIDB
•Deputy General Manager and head of Investment, MIDB
•Managing director, Misr Iran for building Materials (affiliate of MIDB)
•Assistant General manager, Investment Sector - MIDB
31
Management & Staff
Name Rania Abdallah Said
Position Principal Manager
Qualifications Masters in Economics, American University in Cairo, Jan. 1991.
Bachelor Degree in Economics & Political Science, Cairo
University, 1986
Experience Mrs. Rania Said has a practical experience in conducting market,
financial, economic and cost benefit studies, and computer
modelling for this purpose. She has special skills in employing
mathematical techniques and statistical methods for empirical
measurement of economic relationships.
Mrs. Said has been involved in the consultation business with
special reference to market and financial analysis and economic
policy issues since 1986. During the whole period she handled
more than 100 studies for almost all sectors and sub-sectors in
Egypt including tourism, textile, processed food, engineering,
chemical, pharmaceutical, construction, housing, and agriculture.
Most of these assignments were made for international
organizations such as UNDP, PSDP, American Embassy, GTZ,
DANIDA, the World bank, African Development Bank, UNIDO,
USAID, and EC Export Development Program, in addition to
governmental and non- governmental bodies such as the Tourism
Development Authority (TDA), Holding Company for Housing,
Tourism and Ministry of Irrigation, Ministry of Agriculture,
Ministry of Tourism, Desert Development Center of AUC
(DDC), Coptic Evangelical Organization for Social Services
(CEOSS), and CARITAS-Egypt.
Languages
•Arabic: Excellent
•English: Excellent
•French: Fair
Mrs. Said was assigned a marketing strategy study by IMC as a freelance
consultant with MH& P-MGI Management and Financial Consultants.
Mrs. Said was responsible for managing a number of proposals for
tenders announced by IMC during working at Makary Consulting.
Proposals were highly qualified technically, but declined due to high
budget.
Professional History
•Principal Manager, FinCorp
•Senior Economic Consultant, Makary Consulting
•Free Lance Consultant, Makary Consulting
•Assistant and Fellow, American University at Cairo
•Economic & Financial Analyst, Arab International Consultant
(ARICON)
•Statistical Researcher, National Population Council
32
Management & Staff
Name Sherif Samir Korayem
Position Senior Manager
Qualifications MBA, Maastricht School of Management, Netherlands, In Progress
B.A. Economics, The American University in Cairo (AUC), 1990
Experience Mr. Korayem joined FinCorp in 2004 as Senior Manager.
Previously Mr. Korayem was Investment Banking Advisor of
PriceWaterhouseCoopers USAID Privatization Implementation
Project in Egypt. As well as Senior Consultant of KPMG Hazem
Hassan’s Corporate Finance in Egypt, and has accumulated over 20
years of experience in senior Corporate Finance positions leading
to in-depth experience in the following activities: Business
Valuation, Private Placement Memoranda, Feasibility Studies, and
Business Plans.
Professional History
•Senior Manager, FinCorp
•Investment Banking Advisor, PriceWaterhouseCoopers
•Senior Consultant, KPMG Hazem Hassan Management
Consultants
•Assistant Advisor, Ministry of Public Enterprise Sector
•Project Analyst, Misr Iran Development Bank (MIDB)
Languages
•Arabic: Excellent
•English: Excellent
Industry Experience
Directed, coordinated, led and conducted a multitude of assignments,
comprising multi-disciplinary teams of professionals, in the following
sectors in Egypt, Saudi Arabia, Qatar, Bahrain, Syria, UAE, Russia,
France, and USA:
•Real Estate
•Capital Markets
•Construction
•Manufacturing
•Tourism
•Banking
•Telecommunication
•Transportation
33
Management & Staff
Name Niveen Issa Shaheen
Position Financial Advisor
Qualifications Advanced Course in Corporate Finance, KPMG, Head Quarters,
Egypt, 2008
Advanced Course in Methods of Finance “Public Private
Partnership” (PPP), KPMG, Head Quarters, Amsterdam,1998
Advanced Strategic Management Course, Arthur D. Little
Management Institute, USA, 1989
Masters Degree in Marketing, Cairo University, 1982
Bachelor of Business Administration, Alexandria University, 1974
Experience Mrs. Shaheen graduated in 1974 with a major in Business
Administration from Alexandria University. In 1982 she acquired a
Master degree in marketing and then trained in Arthur D. Little
Management Institute in the United States.
Niveen has been working in investment banking activities, and
Consulting Advisory Services for more than 20 years. During this
period she developed extensive experience in business
development, with a proven track record in business valuations,
privatization and restructuring studies, mergers and acquisitions,
investment promotion, private placements and initial public
offerings and tendering process. This enhanced her capabilities in
providing professional services to a wide range of diversified
customer base in Egypt, and other Regional Countries.
Niveen assisted key players in Telecommunications, Tourism,
Steel, Banking and other major Industries in the process of fund
mobilization through financial institutions, mutual funds, bond
issuance and shares floatation.
Membership in Professional Societies
•American Chamber of Commerce
Languages
•Arabic: Excellent
•English: Excellent
•French: Fair
The responsibilities of Mrs. Shaheen included the preparation of
valuation and prospectuses (information memoranda), used as
promotional tools among potential investors, as well as, financial
Institutions and mutual funds. She has also been involved in developing
various alternatives of physical managerial and financial restructuring
studies to redress the capital structures of public and private sector
enterprises, before floatation.
Professional History
•Financial Advisor, FinCorp
•Partner, KPMG Hazem Hassan Management Consultants
•Assistant to the Minister in charge of the Economic Department,
Ministry of Industry & Technological Development
•Member of the ‘Core Team’ managing the ‘PERPP Project’ funded by
the European Commission, PWC/SOFRECO
•Senior Manager, KPMG Hazem Hassan Management Consultants
•Partner, Deloitte Touché Tohmatsu International - Shawki & Co.
34
Mr. Mohamed Salem
Mailing Address:
71, Musadak St.,
Fifth Floor
Dokki, Giza
Egypt
Telephones and Faxsimile
Tel.: 00 202 3749 57 57 (10 lines)
Fax.: 00 202 3335 89 78
For any inquiry please contact us: