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Saturday, November 28 - 2009

HSBC brings international investors and regional companies together

  • United Arab Emirates: Sunday, November 04 - 2007 at 11:55
  • PRESS RELEASE

Listed companies from across the Middle East held high-level meetings with investors from Europe and the USA in Abu Dhabi this week.

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Thirty companies presented to around 100 investors, fund managers, hedge funds and pension funds, seeking to persuade them to invest in their shares.

HSBC, which arranged the event, recently announced plans to begin brokerage operations on the Abu Dhabi Securities Market and the Dubai Financial Market for institutional investors.

"The response to this opportunity to meet the region's largest listed companies has been overwhelming," said Paul Cooper, HSBC's Head of Eastern Europe, Middle East and Africa Equities.

"The Middle East is now perceived to be a very attractive market. Well-managed companies, operating in a region of strong business growth, combined with a highly positive macro-economic background have combined to make these company stocks very attractive to international institutions."


The thirty companies have a combined market capitalization of over $100bn, while the assets under management controlled by the investors runs to over one trillion dollars.

"This is a great example of what a global investment bank can do: open up fast growing emerging markets to Western investors, and acting as a bridge between the Middle East and the rest of the world," added Cooper.
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HSBC Bank Middle East Limited
HSBC is the largest and most widely represented international bank in the Middle East. HSBC Bank Middle East Limited has 36 branches throughout the United Arab Emirates, Oman, Bahrain, Qatar, Kuwait, Jordan, Lebanon and the Palestinian Autonomous Area, including an offshore banking unit in Bahrain. In addition to the branch network the Bank maintains representative offices in Tehran, Iran and Tripoli, Libya. This extensive regional coverage is strengthened by another member of the HSBC Group, HSBC Bank Egypt SAE, and by its associated companies, The Saudi British Bank, British Arab Commercial Bank Limited, and HSBC Saudi Arabia Limited.
www.hsbcnet.com

Companies taking part in the investor event were:

BAHRAIN

Investcorp Bank
Market cap USD2160m
Investcorp is a leading provider and manager of alternative investment products, serving high-net-worth private and institutional clients. Investcorp's business is underpinned by its placement capability in the GCC region. Since 1982 Investcorp has arranged investments with a combined value of USD38bn and has more than USD13bn in assets under management

EGYPT

Commercial International Bank
Market cap USD2,255m
CIB is an Egyptian corporate bank which serves large companies, multinationals, and joint ventures. The Bank operates branches, mostly in Cairo and Alexandria. CIB has a minority share holding in Commercial International Investment Company, an investment bank. The Bank offers corporate lending and securities brokerage services.

Egyptian Financial Group-Hermes Holding
Market cap USD2,985m
EFG Hermes is active in securities brokerage, investment banking, money management and venture capital.

Orascom Construction Industries
Market cap USD14,146m
OCI is a leading cement producer and construction contractor active in emerging markets. The cement group owns and operates plants with a combined annual production capacity of 21 million tonnes, but has new investments in northern Iraq, Turkey, Nigeria, Algeria, the UAE, Saudi Arabia, Syria and North Korea which will increase capacity to 42 million tonnes a year by 2009. As a contractor, OCI provides engineering procurement and construction services on over 100 projects for private and public customers principally in Europe, Middle East, Africa and Central Asia.

Orascom Hotels and Development
Market cap USD2,251m
OHD develops tourist facilities. The Company develops resorts which include recreational facilities and hotels and other tourist housing.

Telecom Egypt
Market cap USD5,293m
Telecom Egypt provides a wide range of telecommunication services throughout Egypt including both residential and business telecommunication services, as well as prepaid phone cards.

KUWAIT

Commercial Bank of Kuwait
Market cap USD5,968m
Commercial Bank of Kuwait is a commercial bank operating through 19 local branches, one international branch and several international affiliates. The Bank offers all aspects of domestic and international banking.

Global Investment House
Market cap USD2,526m
Global Investment House KSCC offers investment services.

Kuwait Projects Co. (KIPCO)
Market cap USD3,281m
Kipco is an investment company operating in Kuwait. The company invests in banks, media, information technology companies, food processors, real estate and tourism companies.

National Bank of Kuwait
Market cap USD15,859m
NBK is a commercial bank providing services through 35 local branches, nine overseas branches (New York, Singapore, Bahrain and France) and subsidiaries in the United Kingdom, Switzerland and Lebanon.

Zain
Market cap USD27,567m
Zain is one of the key regional operators in the Middle East and African region with operations spanning 21 countries and servicing over 32 million active customers. The company is the leading mobile telecom operator in 14 of its markets while five are in second position. MTC Group recently re-branded to Zain, which has become the Group's master brand.

LEBANON

Bank Audi
Market cap USD2,573m
Banque Audi is a Lebanese universal bank engaging in commercial, retail, investment and private banking activities. The Bank has expanded within the Middle East region and has operations in Jordan, Syria, Egypt, Sudan and licenses to operate in Iraq and Saudi Arabia.

OMAN

Bank Muscat
Market cap USD3,384m
Bank Muscat offers commercial banking services. The bank operates 41 branches in the sultanate and a representative office in Dubai. The bank resulted from a merger between Bank Muscat and Al-Ahli Bank in 1992.

National Bank of Oman
Market cap USD1,471m
National Bank of Oman Ltd. offers corporate and retail banking services. The bank markets Fidelity Investments' international funds in Oman, offers stock brokerage services and manages pension funds. It operates through 48 local and three overseas branches.

SAUDI ARABIA

Etihad Etisalat
Market cap USD9,032m
Etihad Etisalat Company provides a wide range of mobile telecommunications services in the Kingdom of Saudi Arabia.

UNITED ARAB EMIRATES

Abu Dhabi Securities Market
The ADSM is established to lead the development of the capital market in the UAE by expanding into a cost-effective and self-regulated marketplace in a lawful environment that ensures integrity, transparency and disclosure.

Air Arabia
Market cap USD1,550m
Air Arabia offers budget airline services. The Company flies within the Middle East and to destinations in Europe, North Africa, and South Asia.

Aldar Properties
Market cap USD3,114m
Aldar is a real estate development, management and investment company involved in all aspects of real estate operations.

Arabtec Holding Company
Market cap USD920m
Arabtec is a full service construction company. The Company constructs structures that include high rise developments, hotel interiors, residential complexes, office blocks, commercial and industrial projects, major airport developments, offshore oil and gas installations and cinemas and entertainment facilities.

Aramex
Market cap USD737m
Aramex provides transportation services. The company invests in the freight, express, logistics and supply chain management business through acquiring and owning stakes in one or more existing companies in the Middle East, particularly the UAE.

Dana Gas
Market cap USD2681m
Dana Gas has assets and projects in gas exploration and production, processing, transportation and marketing in several countries and aims to play a major role in the natural gas business throughout the MENA region across the entire gas value chain ie upstream exploration and production, midstream transmission and distribution of gas and downstream into gas related industries and petrochemicals.

Dubai Islamic Bank
Market cap USD7,740m
Dubai Islamic Bank attracts deposits and offers banking and investment services. It also offers securities brokerage services to its customers and trades on its own account. The bank's activities are conducted in accordance with Islamic Sharia law.

Emaar Properties
Market cap USD17,783m
Emaar Properties provides property development, acquisition, and management
services of both commercial and residential property throughout the Middle East. From its roots in Dubai, the Company has expanded into India, Egypt, Turkey, Morocco, Syria, Pakistan, Tunisia and Saudi Arabia. Emaar is diversifying into retail, leisure, hospitality, health, education and finance.

First Gulf Bank
Market cap USD17,783m
FGB attracts deposits and offers corporate and retail banking services. The Bank offers construction, real estate, industrial, trade finance, agricultural and personal loans, and treasury and foreign exchange services.

Kingdom Hotel Investments
Market cap USD1,380m
Kingdom Hotels owns and develops upscale hotels in Kenya, Ghana, Jordan, Libya, Tanzania, the UAE, Morocco, Mauritius, Egypt, Syria, Lebanon and France. The Company outsources the management of its hotels.

National Bank of Abu Dhabi
Market cap USD8,341m
NBAD offers personal, corporate, and investment banking services. The Bank operates both locally in the United Arab Emirates and abroad in Egypt, Oman, Sudan, the United Kingdom, France, and Bahrain.

RAK Properties
Market cap USD904m
Rak Properties develops real estate in the emirate of Ras Al Khaima (RAK) and was formed with the support of the RAK government to oversee the development of property, tourism and leisure facilities.

National Central Cooling Company (Tabreed)
Market cap USD772m
Tabreed is involved in constructing, owning, assembling, installing, operating, and maintaining cooling and conditioning systems. In addition, the Company distributes and sells chilled water for use in district cooling technologies.

Sorouh Real Estate
Market cap USD3,050m
Sorouh designs real estate developments in the United Arab Emirates. The Company designs a master concept for a development, and then arranges for individual developers to build parts of the community. Sorouh's projects include residential housing, hotels, hospitals and health clinics, schools, mosques, and commercial and entertainment buildings.

United National Bank
Market cap USD3040m
UNB is a universal bank based in Abu Dhabi and is jointly owned by the Governments of Abu Dhabi and Dubai. UNB has a vision to be a key regional player and now has a presence in Egypt through the acquisition of Alexandia Commercial and Maritime Bank.

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