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THE WEALTH MANAGEMENTINDUSTRY IN THE ARABWORLD

Sample entries of wealth managementcompanies from within the Arab World

Published in the UK by

Highworth Research Ltd

Durham House

1 Amity Grove

London, SW20 0LQ

Tel. +44 (0) 20 8946 5910

www.highworthresearch.com

© Highworth Research Ltd 2009

All rights reserved

The Wealth Management Industry – the ArabWorld

The Wealth Management Industry –the Arab World

United Gulf Bank

MAIN ADDRESS

P.O. Box 5964, Diplomatic Area, UGBTower, Manama, Bahrain

Tel: +973 17533233; Fax: +973 17533137Email: [email protected]: www.ugbbh.com

PARENT COMPANY

Kuwait Projects Company (Holding) (KIPCO)

SUBSIDIARIES AND ASSOCIATED COMPANIESRELATED TO PRIVATE BANKING! Algeria Gulf Bank, Algeria! KIPCO Asset Management Company

(KAMCO), Kuwait! Tunis International Bank, Tunisia! United Gulf Bank Securities Company,

Bahrain! United Gulf Financial Services Company,

Qatar! United Industries Company, Kuwait! Bank of Baghdad, Iraq! Jordan Kuwait Bank, Jordan! Kuwait Private Equity Opportunity Fund,

Kuwait! Manafae Investment Company, Kuwait! North Africa Holding Company, Kuwait! Royal Capital, Abu Dhabi! Syria Gulf Bank, Syria

Highworth Research Limited

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! Al Dhiyafa Holding Company, Kuwait! United Industries Company, Kuwait! United Real Estate Company, Kuwait! United Cable Company, Kuwait

DIRECTORS’ NAMES AND JOB TITLES

Mr Faisal Hamad Al-Ayyar, ChairmanSheikh Hamad Sabah Al Ahmad Al Sabah,

Deputy ChairmanMr Masaud Hayat, Managing DirectorSheikh Abdulla Nasser Sabah Al Ahmad Al

Sabah, Executive DirectorMr Mubarak Mohammed Al-Maskati,

Non-executive DirectorMr Samer Khanachet, Executive Director

MANAGEMENT NAMES AND JOB TITLES

Mr William Khouri, Chief Executive OfficerMr Mohammad Haroon, Deputy Chief

Executive OfficerMr Shawki Khodr, Head of Investment

BankingMr Younes Brouche, Assistant General

Manager, Head of Core InvestmentsMr Hussain Lalani, Chief Financial OfficerMr Jawad Al Asfoor, Senior Vice President,

Head of treasuryMr Amine Fehmi, Senior Vice President,

Head of Financial Institutions & MarketingMr Ghulam Ahmed Mohatarem, Senior Vice

President, Chief Operating Officer

Mr Hazim Buali, Vice President, Head of AssetManagement

Mr Mohammed Alqumaish, Senior VicePresident, Head of Internal Audit

Mr Syed Rehan Ashraf, Vice President, Headof Credit & Risk Management

ANALYSIS OF BUSINESS

United Gulf Bank is listed on both theBahrain and Kuwait Stock Exchanges, and is94% owned by Kuwait Projects Company(Holding), one of the largest investmentholding companies in the Middle East withassets worth more than $20 billion undermanagement or control. United Gulf Bankoperates as a pan Arab universal bank in 11countries in the Middle East and N Africanregion, offering a range of investmentbanking, wealth management and assetmanagement services from its headquartersin Bahrain. In addition the bank manages adiversified portfolio of investments in privateequity funds, private equity, structuredproducts and trading portfolios, as well asoffering a range of treasury products. UGBalso has direct investments in companies inthe real estate, healthcare, industrial,hospitality, media and communicationssectors.

In the wealth and asset management areaof the bank’s business, UGB subsidiaryKIPCO Asset Management Company(KAMCO) grew net profits by 148.5% in 2007to $135.9 million with income from fees andcommissions growing 45.1% as a result ofincreased activity in the provision of wealthmanagement services. Assets undermanagement at KAMCO expanded from $6.5billion in 2006 to $8.1 billion in 2007, anincrease of 25.1% .

SUMMARY FINANCIAL STATEMENT

2007 2006($ million) ($ million)

Pretax profit: 2,220.9 2,101.5Total assets: 2,668.9 2,351.9

Assets undermanagement(Private bank): 7,300.9 6,000.9

YEAR FOUNDED

1980

SERVICES OFFERED! Asset protection – Estate Planning! Investment management – Advisory

Management; Asset Allocation Strategies;Discretionary Management; Bonds;Commodities; Real Estate; Mutual Funds;Sharia Compliant Investments; Equities;Fixed Income Funds

Adeem Investment CompanyK.S.C.C.

MAIN ADDRESS

P.O. Box 29092, Kuwait, Safat 13151, KuwaitTel: + 965 804 320; Fax: + 965 249 3456Email: info@ adeeminv.comWeb: www.adeeminv.com

PARENT COMPANY

Efad Holding


Mr Najeeb Abdelaziz Al-Humaidhi,Chairman

Mr Mustafa Ebrahim Al-Saleh, ManagingDirector & CEO

Mr Anter Al-Sayed Mustafa Jad, DirectorMr Mahmoud Sami Mohammad Ali, DirectorMr Waleed Abdelaziz Al-Humaidhi, DirectorMr Mustafa Ismael AbdullRasoul, Director


Mr Mustafa Al-Saleh, Managing Director &CEO

Mr Mohammed Bourisly, Senior VicePresident,Operations

Mr Hatem Ebraheem, Vice President, FinanceDept

Mr Bassam Abdelhamid, Vice President,Human Resources


T H E W E A L T H M A N A G E M E N T I N D U S T R Y – T H E A R A B W O R L D

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Mr Masoud Al-Haqhaq, Deputy CEO,Administration, Accounts & Operations

Mr Ravi Pareek, Vice President, CorporateFinance


Adeem Investment company is an Islamicinvestment and asset management companyproviding wealth management services tohigh net worth individuals and affluentfamilies in the GCC region, as well ascorporate finance and business advisoryservices to corporations in the GCCcountries. Wealth management services areprovided in cooperation with a Swiss privatebank.

An example of Adeem’s internationalIslamic asset management operation includesthe investment of £250 million on behalf ofclients in redeveloping 124 serviced luxuryapartments above London’s 5 star GrosvenorHouse Hotel. The leasehold on the buildingwas purchased for a sum believed to beabout £100 million and then re-financedthrough Lloyds TSB in a shari’a compliantmurabaha transaction.

At the close of 2008, Adeem’s assets undermanagement were reported to be $1.5billion.


2008($ million)

Assets undermanagement(Private bank): 1,500

SERVICES OFFERED! Asset protection – Family Office Services;

Estate Planning; Philanthropy Services;Trusts

! Investment management – AdvisoryManagement; Asset Allocation Strategies;Discretionary Management; Bonds; CapitalProtection Products; Commodities; RealEstate; New Issues/IPOs; Private Equity;Sharia Compliant Investments; Equities;Fixed Income Funds

Bank Audi sal

MAIN ADDRESS

Bank Audi Plaza – Bab Idriss, P.O. Box11-2560 Riad El-Solh, Beirut, Lebanon

Tel: +961 1 994 000; Fax: +961 1 990 555Email: [email protected]: www.audi.com.lb

PARENT COMPANY

Audi Saradar Group


Mr Raymond W. Audi, ChairmanMr Samir N. Hanna, DirectorMr Marc J. Audi, DirectorDr. Freddie C. Baz, DirectorDr. Imad I. Itani, DirectorMr Mario J. Saradar, Director, & Head of

Private BankingSheikh Suad H. Al-Homaizi, DirectorSheikh Mariam N. Al-Sabbah, DirectorDr. Marwan M. Ghandour, DirectorMr Maurice H. Sayde, DirectorMr Yasser S. El Mallawany, Director

(EFG-Hermes Rep.)Mr Hassan M. Heikal, Director (EFG-Hermes

Rep.)


Mr Samir N. Hanna, Group Chief ExecutiveOfficer – General Manager

Mrs Jocelyne A. Jalkh, Group Chief OperatingOfficer

Mr Mario Saradar, Head of Private BankingMr Adel Satel, Group Chief Risk OfficerMr Chahdan Jebeyli, Group Chief Legal &

Compliance OfficerDr. Freddie Baz, Group Chief Financial

OfficerMr Dr Imad Itani, Head of Retail Banking


Bank Audi is a financial services providerheadquartered in Beirut, and is the bankingarm of the Audi Saradar Group. Lebanon isits home market with 75% of its businessoccurring in the country, with Europe andthe Middle East making up the balance. The


B A N K A U D I S A L

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bank was founded in 1938 by the Audifamily. The bank is the largest in Lebanonand offers a full range of banking services. Inrecent years it has expanded its activitiesthrough organic growth but also via mergersand acquisitions such that it now hasoperations in Syria and Egypt.

Private banking is offered to high networth individuals. The service includesbrokerage and asset management as well asreal estate management and financialplanning advice. The financial statementbelow relate to the half years to June 2009and December 2008.


2009 2008(LL million) (LL million)

Pretax profit: 33,502,634 33,518,045Total assets: 33,812,373 30,768,592

SERVICES OFFERED! Asset protection – Estate Planning! Banking Services – Card Services; Credit

Products; Current Accounts; Deposits;Mortgages

! Investment management – AdvisoryManagement; Asset Allocation Strategies;Discretionary Management; Bonds;Commodities; Real Estate; ShariaCompliant Investments; Equities; ForeignExchange; Fixed Income Funds

Qatar National Bank

MAIN ADDRESS

P.O. Box 1000, Doha, 22310, QatarTel: +974 440 7177; Fax: +974 440 7636Email: [email protected]: www.qnb.com.qa

SUBSIDIARIES AND ASSOCIATED COMPANIESRELATED TO PRIVATE BANKING! Ansbacher & Co Ltd.

PRINCIPAL ADDITIONAL OFFICES

Qatar National Bank (Oman), P.O. Box 4050,Qatar National Bank Building, MBD Area –

Matarah/opposite the Central Bank ofOman, Muscat, 112, Oman

Fax: +968 2477 9233Email: [email protected]: www.qnb.com.qa

Qatar National Bank (Kuwait), P.O. Box 583,Al-Raya Business Centre, 28-13, 28-12,Al-Shuhada Street – Sharq, Dasman, 15456,Kuwait

Email: [email protected]: www.qnb.com.qa


Mr Youssef Hussain Kamal, ChairmanSheikh Hamad Bin Faisal Al-Thani, Vice

Chairman & Chairman of Executive BoardSheikh Hamad Bin Jabor Bin Jassam Bin

Hammad Al Thani, DirectorSheikh Jassem Bin Abdulaziz Bin Jassem Bin

Hammad Al Thani, DirectorSheikh Hamad Bin Abdullah Bin Khalifa Al

Thani, DirectorMr Rashid Misfer Al-Hajri, DirectorMr Ali Hussain Ali Al-Sada, DirectorMr Bader Abdullah Al-Darwish, DirectorMr Fahed Mohammed Fahed Buzwair,

DirectorMr Mansoor Ebrahim Al Mahmoud, Director


Mr Ali Shareef Al-Emadi, Group ChiefExecutive Officer

Mr Ali Ahmed Al-Kuwari, Executive GeneralManager & Chief Business Officer

Mr Abdulla Nasser Al-Khalifa, Acting GeneralManager, Distribution

Mr Colin Dallas, Assistant General Manager,Wealth Management

Mr Patrick Miranda, Assistant GeneralManager, Sales & Marketing

Mr Amit Desai, Executive Manager, CreditCards

Mr Jeffrey Asselstine, General Manager, Asset& Wealth Management

Mr Adel Abdulaziz Khashabi, AssistantGeneral Manager, Private Banking andWealth Management



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Mr Abdulla Mubarak Al-Khalifa, GeneralManager, Corporate Banking

Mr Ali Abdullah Darwish, Assistant GeneralManager, Financial Institutions

Mr Riad Rizq, Assistant General Manager,Corporate Banking

Mr Enrico Grino, Assistant General Manager,Structured and Project Finance

Mr Andrew Duff, General Manager,International Banking

Mr Youssef Mahmoud Al-Neama, AssistantGeneral Manager, International BankingDivision

Mr Musadag El Melik, General Manager,Islamic Banking

Mr Mohamed Ali Al-Khulaifi, ExecutiveGeneral Manager, Chief Operating Officer

Mr Ali Rashid Al Mohannadi, GeneralManager, Information Technology

Mr Hamad Yahya Al-Nuaimi, AssistantGeneral Manager, CorporateCommunication

Mr Ramzi Marie, General Manager, ChiefFinancial Officer

Mr Ashraf Makram, General Manager, ChiefRisk Officer

Mr Saleh Nofal, Group Compliance Officer


Qatar National Bank was founded in 1964 asthe country’s first Qatari-owned commercialbank, with an ownership structure splitbetween Qatar Investment Authority (50%)and the private sector (50%). Today, it is byfar the leading financial institution in thecountry with a market share approaching40% of banking sector assets. It also has thelargest distribution network with 42 branchesand offices, 11 Islamic branches and over130 ATMs.The bank’s international presenceis expanding to supplement existingbranches in London, Paris and Iran(representative office). In 2007, QNB openedbranches in Yemen, Oman and Kuwait aswell as a representative office in Libya. Also,QNB’s representative office in Singaporereceived a new wholesale banking licenceand licences were obtained to operate in

Sudan and Mauritania.QNB offers a fullrange of retail, corporate, investment,treasury, wealth management, and Islamicbanking products for individuals, corporateinstitutions and government entities. It alsohas a London-based subsidiary AnsbacherBankng Group which specialises inproviding wealth management and privatebanking services to high net-worthindividuals.

The figures in the summary financialsbelow relate to the bank’s first 6 monthstrading in 2009 and 2008.


2009 2008(QR million) (QR million)

Pretax profit: 2,065 1,860Total assets: 147,114 152,639

YEAR FOUNDED

1964


Estate Planning; Trusts; Pensions! Banking Services – Card Services; Credit


! Investment management – AdvisoryManagement; Asset Allocation Strategies;Discretionary Management; Bonds; CapitalProtection Products; Commodities;Derivatives; Hedge Funds; Real Estate;Private Equity; Offshore Funds; MutualFunds; Sharia Compliant Investments;Equities; Foreign Exchange; Fixed IncomeFunds

BNP Paribas Private Bank (SaudiArabia)

MAIN ADDRESS

Faisallah Tower, 26th Floor, King Fahd Road,P.O. Box 56300, Riyadh, Riyadh Province,11554, Saudi Arabia

Tel: +966 1 273 9100; Fax: +966 1 273 9191Web: www.saudi-arabia.bnpparibas.com


B N P P A R I B A S P R I V A T E B A N K ( S A U D I A R A B I A )

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PARENT COMPANY

BNP Paribas


Mr Michel Dubois, Head of TerritoryMr Ivan Saldanha, Secretary GeneralMr Bandar bin Hamad Al Souwail, Vice

President, Private Banking ServicesMr Ashraf Ba-jsair, Senior Relationship

Manager

HIGH NET WORTH CLIENTS FROM

$2,000,000


BNP Paribas Private Bank provides a fullrange of private banking services from itsposition as the leading private bank inFrance and one of the major global privatebanking institutions with assets undermanagement worldwide of more than 189billion Euros, or $276 billion, of which morethan $11 billion is managed in the MiddleEast as a region in what the bank calls“special services”. Of this figure more than$7 billion is reported as owned by 200families, the average entry level for the BNPParibas ultra high net worth client segmentin the Middle East therefore being $35million per family. For this group, a range offamily office services are provided includinga full range of global investment strategies,both traditional and alternative. As well asbanking services, estate planning services arealso offered, in addition to concierge servicesfor the ultra high net worth clients.

In October 2008, BNP Paribas announcedit had agreed to take control of Fortis’operations in Belgium and Luxembourg, aswell as the international banking franchises,for a total consideration of !14.5 billion. Thistransaction provides BNP Paribas with theopportunity to roll out further its integratedbanking model in Europe. As a result of thistransaction, BNP Paribas will have two newdomestic markets, Belgium and Luxembourg,to add to its existing domestic markets inFrance and Italy.

On 13th May, 2009 BNP Paribas confirmedthe completion of its acquisition of Fortiswhich as a result has created the largestprivate wealth management firm in the eurozone.


2008 2007(Eur million) (Eur million)

Pretax profit: 3,224 11,058Assets undermanagement(Private bank): 189,000 157,000


Estate Planning; Philanthropy Services;Trusts; Tax Planning; Foundations;Pensions; Insurance Products

! Banking Services – Card Services; CreditProducts; Current Accounts; Deposits;Mortgages

! Investment management – AdvisoryManagement; Asset Allocation Strategies;Discretionary Management; Bonds; CapitalProtection Products; Commodities;Derivatives; Hedge Funds; Real Estate;Structured Products; New Issues/IPOs;Private Equity; Offshore Funds; MutualFunds; Sharia Compliant Investments;Equities; Foreign Exchange; Fixed IncomeFunds

Abu Dhabi Commercial Bank

MAIN ADDRESS

Abu Dhabi Commercial Bank Building,Salam Street, P.O. Box 939, Abu Dhabi,United Arab Emirates

Tel: +971 2 696 2222; Fax: +971 2 645 0384Web: www.adcb.com


Mr Saeed M. R. Hajri, ChairmanMr Abdulla K.M. Al Mutawa, DirectorMr Amer A. Al Fahim, DirectorMr Jean-Paul Villain, DirectorMr Mohamed D.M. Koori, Director



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Mr Mohamed S.G. Al Hamli, DirectorMr Mohamed A. Al Dhaheri, DirectorMr Salem M. Al Amri, DirectorMr Rashid H.A. Al Mazroei, DirectorMr Ala’a Eraiqat, Chief Executive Officer


Mr Ahmed Barakat, Head of WealthManagement Group

Mr Simon Copleston, General Counsel


Abu Dhabi Commercial Bank is a diversifiedfull service bank providing corporate,commercial, and retail banking services,including private banking and wealthmanagement . The Government of AbuDhabi is the major shareholder in the bankthrough the Abu Dhabi Investment Authoritywhich holds 65% of the capital, the balancebeing held by various UAE institutions andnationals.

ADCB’s wealth management products andservices are distinguished by having twoalternative brands, the first being brandedADCB Privilege Club and the second ADCBExcellency Wealth Management.

ADCB ’s premium wealth managementservice, branded ADCB Excellency, majorson high levels of customer service.Investment options are offered includingmutual funds, such as the Al NokhithaInvestment Fund, a local equity fund, or theADCB MSCI Arabian Markets Index Fund. Inaddition hedge funds, structured products,and bancassurance products, as well asshari’ah compliant funds such as the AlBasha’er Fund are also offered. Clients areprovided with a premium debit card, as wellas a credit card with higher limits, lowerrates on banking transactions andpreferential pricing on deposits.

Credit products are available includingloans made against the security of assets.ADCB Excellency mortgage products includea mortgage for expatriates with a higher loanto value ratio and a limit up to AED 15

million. In the third quarter of 2008 ADCBplans to launch a new Islamic bankingproduct “Meethaq” which will offer sharia’ahcompliant loans to both corporate and retailclients, including high net worth customers.

ADCB Privilege Club offers a dedicatedrelationship officer, preferential service in adesignated Privilege Club area in selectedADCB branches, and complimentary benefitsor discounts in the fields of travel, sports, orentertainment. Banking benefits include apremium debit card with higher withdrawallimits, discounted rates on remittances andon a safe deposit locker. Eligibility for thePrivilege Club depends on an averageaccount balance of AED 200,000 or more, ora mortgage of AED 1 milllion, or salarytransfers of AED 20,000 or more. Investmentoptions offered to Privilege Club membersinclude mutual funds, hedge funds,structured products, sharia’h compliantinvestments, and insurance products,available through third party providers.Credit products available to Privilege Clubclients include personal loans, pre-approvedoverdrafts, and mortgages with advantageouspricing available to Club members.

The bank reported a decline in net profitfor 2008 to AED 1.36 billion ($337 million)due to provisions, and losses on USinvestments. However total assets grew by39% with net loans and advances rising by44% and customer deposits by 48%. Thebank announced that it will issue AED 4billion in bonds in response to an initiativeby the Abu Dhabi government to injectadditional capital into certain Abu Dhabifinancial institutions.


2008 2007(AED million) (AED million)


YEAR FOUNDED

1985


A B U D H A B I C O M M E R C I A L B A N K

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SERVICES OFFERED! Banking Services – Card Services; Credit


! Investment management – AdvisoryManagement; Asset Allocation Strategies;Discretionary Management; Bonds; CapitalProtection Products; Commodities; RealEstate; Structured Products; Private Equity;Mutual Funds; Sharia CompliantInvestments; Equities; Foreign Exchange;Fixed Income Funds

Bank Sarasin-Alpen (ME) Ltd

MAIN ADDRESS

Gate Precinct Building 5, Level 4, P.O. Box121806, DIFC, Dubai, United ArabEmirates

Tel: +971 4 363 4300; Fax: +971 4 362 0565Web: www.sarasin-alpen.com

PARENT COMPANY

Bank Sarasin & Co Ltd


Mr Fidelis Goetz, DirectorMr Eric Sarasin, DirectorMr Rohit Walia, Chief Executive OfficerMr Hans Kurmann, Director


Mr Rohit Walia, Chief Executive OfficerMr Sharad Nair, Managing DirectorMr Gerhard Krueger, DirectorMr Mohammed Hamed Abdel Latif, DirectorMs Indu Rajesh, DirectorMr Kavit Palicha, DirectorMr T.M. Lakshmanan, Chief Operating OfficerMr Shrinivas Padmanabhan, Executive

DirectorMr Sulaiman Ali Khan, DirectorMs Sheela Shankar, Vice PresidentMr Sudarshan Malpani, Executive DirectorMr Sheheryar Nagaria, DirectorMr Amer Malik, DirectorMs Payal Dalal, Assistant Vice PresidentMs Anubha Jhaldiyal, Assistant Vice President


Bank Sarasin-Alpen, a subsidiary of the Swissprivate bank Bank Sarasin & Co., provideswealth management services in the GCCstates from its Dubai office as well as froman associate office in the Qatar FinancialCentre in Doha. Bank Sarasin’s shares arelisted on the Swiss Stock Exchange, and theinstitution is majority owned by Rabobank ofthe Netherlands.

Bank Sarasin-Alpen provides investmentmanagement services which focus onoffering clients a wide range of investmentfunds based on distinct investmentphilosophies,such as thematic, sustainable,classic and alternative. Alternative investmentstrategies are available in the form of hedgefunds, private equity, and commodities.

Islamic financial services are offered toclients, unusually for a Swiss bank located inthe Gulf, and due to Sarasin having anIslamic finance department at its Swissheadquarters headed by Fares Mourad, anexperienced Islamic banker. Total bankingassets managed in compliance with theSharia were approximately $37 million in2007 but are forecast by the bank to reach$88 million by 2010.

The private bank makes use of theservices of its associate investment bank,Bank Alpen Capital, such as capital markets,debt syndication, mergers & acquisitions,and project advisory, to leverage its privatebanking services in the UAE, Qatar, Oman,and India.

The figures in the summary financialsbelow relate to Sarasin’s Middle East & Asiabusiness units, where performance waslower in 2008 due to adverse marketconditions and the investment costassociated with growth in relationshipmanagers and the cost of branch openings.Assets under management shrank by 10%due primarily to adverse market conditions –a similar 10% reduction in AUM was alsoexperienced by the bank in Switzerland.



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2008 2007(CHF million) (CHF million)

Pretax profit: 8,410.14 8,421.59Assets undermanagement(Private bank): 7,777.14 8,416.14

SERVICES OFFERED! Asset protection – Estate Planning; Trusts;

Foundations! Banking Services – Credit Products;

Current Accounts; Deposits! Investment management – Advisory

Management; Asset Allocation Strategies;Discretionary Management; Bonds; CapitalProtection Products; Commodities;Derivatives; Hedge Funds; StructuredProducts; Private Equity; Mutual Funds;Sharia Compliant Investments; Equities;Fixed Income Funds

Mashreq Bank

MAIN ADDRESS

P.O. Box 1250, Dubai, United Arab EmiratesTel: +971 4 222 3333; Fax: +971 4 227 3356Web: www.mashreqbank.com

SUBSIDIARIES AND ASSOCIATED COMPANIESRELATED TO PRIVATE BANKING! Mashreq Securities! Makaseb! Mashreq Capital! Osool! Badr Al Islami

PRINCIPAL ADDITIONAL OFFICES

Mashreq Bank, P.O. Box 858, Blue Tower,Khalifa Street, Abu Dhabi, United ArabEmirates

Mashreq Bank, P.O. Box 1111, Sh. ZayedRoad, Near Clock Tower, Al Ain, UnitedArab Emirates

Mashreq Bank, P.O. Box 1320, BahrainChamber of Commerce Building, Manama,Bahrain

Mashreq Bank, P.O. Box 173, OldAl-Maghrab Area, Jaber Bin MohammedStreet, Doha, Qatar

Mashreq Bank, Dawawin Nile TowerBuilding, Giza Street, Cairo, Egypt


Mr Abdullah Bin Ahmad Al Ghurair,Chairman

Mr Ali Rashid Ahmad Lootah, Vice ChairmanMr Majid Saif Ahmed Al Ghurair, DirectorMr Abdul Rahman Saif Ahmed Al Ghurair,

DirectorMr Mohamed Abdulla Ahmed Al Ghurair,

DirectorMr Abdulla Mohammed Ibrahim Obaidallah,

DirectorMr Abdul-Aziz Abdullah Al Ghurair, Chief

Executive Officer


Mr Abdul Aziz Abdullah Al Ghurair, ChiefExecutive Officer

Mr Omar Bouhadiba, Head of Corporate &Investment Banking Group

Mr Nabeel Waheed, Head of Treasury &Capital Markets

Mr Douglas Becket, Head of Retail BankingGroup

Mr Majid Husain, Head of FinancialInstitutions Group

Mr Ali Raza Khan, Head of Corporate AffairsMr Somnath Menon, Head of Operations &

TechnologyMr Nigel Morgan, Head of Audit, Review &

ComplianceMr Kantic Dasgupta, Head of Risk

ManagementMr Alexander Sinclair, Head of MindscapeMr Imran Ahmed, Managing Director, Asset

Management


Now one of the largest banks in the Gulf,andthe second oldest bank in the UAE, Mashreqoriginally commenced operations as theBank of Oman, based in Dubai, in 1967.Mashreq Bank is the largest privately owned


M A S H R E Q B A N K

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bank in the UAE and is controlled by theAl-Ghurair Group of Dubai.

In addition to the provision of corporate,investment and retail banking services to theUAE market, Mashreq also has a focus onthe provision of private banking services toits high net worth clients. Services includethe Mashreq Gold product range underwhich trained Relationship Managers provideguidance to clients over a wide spectrum offinancial advice. Personalised portfolios canbe developed which take account ofcustomers risk preferences, time horizonsand financial goals. Investment options caninclude capital guaranteed products, globalequity funds, income funds, hedge funds,balanced funds, margin trading, UAE equityfunds, regional equity funds, IPOs, andprivate placements. Clients have the optionboth of investment in Mashreq funds or inthose from third party fund managers.

In collaboration with Old Mutual(Bermuda) Ltd, Mashreqbank offers clientsthe Universal Investment Plan under whichinvestments are made through a BermudaTrust formed on the client’s behalf. Since theinvestment is held by a trust, confidentialityis protected, and investments may beselected from a range of third partyinternational fund managers.

The bank’s subsidiary Mashreq Securitiesoffers customers brokerage services for UAElisted stocks, including access to onlinetrading on the Dubai Financial Market andthe Abu Dhabi Securities Market. MashreqGold clients have the option of IPO financialleveraging to enhance allotments.

Further benefits offered to high net worthclients include access Mashreq financial

services through VIP lounges within theUAE, a complimentary Platinum Credit Card,a debit card with higher cash withdrawallimits, and preferential rates on demanddrafts, pay orders and letters of guarantee.

Account benefits available to MashreqGold clients include a wide range of savingsaccounts, fixed deposit accounts in all majorcurrencies, an advance interest depositaccount, and the option to earn relativelyhigher returns through market linkeddeposits.

UAE based Mashreq Gold clients may gainaccess to home loans or property investmentloans extending to AED 5 million, availableto residents and non-residents, with up to90% loan to value ratios on selectedproperties.


2008 2007(AED million) (AED million)


YEAR FOUNDED

1967

SERVICES OFFERED! Banking Services – Card Services; Credit


! Investment management – AdvisoryManagement; Asset Allocation Strategies;Discretionary Management; Bonds; RealEstate; New Issues/IPOs; Mutual Funds;Sharia Compliant Investments; Equities;Foreign Exchange; Fixed Income Funds



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