THE ARAB INVESTMENT COMPANY

Money makes the world go around

 

 

 

The Arab Investment Company (TAIC) was set up in 1974. It is a Pan-Arab joint-stock company owned by 17 Arab states with an advertised authorized capital of US$ 600 million and paid-up capital of US$ 500 million. TAIC enjoys all the privileges and concessions provided by national, pan-Arab and foreign investment codes in the shareholder countries.

 

 

Subscription of shareholder countries "sorted by date of joining"

 

 

 

Country

Amount US$
(Thousands)

%

The Kingdom of Saudi Arabia

78,388

15.68

The State of Kuwait

78,388

15.68

The Republic of the Sudan

13,388

2.68

The Arab Republic of Egypt

34,839

6.97

The State of Qatar

40,966

8.19

The United Arab Emirates (Abu Dhabi) UAE

78,388

15.68

The Kingdom of Bahrain

8,549

1.71

The Syrian Arab Republic

34,839

6.97

The Republic of Iraq

52,419

10.48

The Hashemite Kingdom of Jordan

1,612

0.32

The Republic of Tunisia

8,549

1.71

The Kingdom of Morocco

8,549

1.71

The Great Socialist Peoples' Libyan Arab Jamahiriya

34,839

6.97

The Sultanate of Oman

8,549

1.71

The Republic of Yemen

1,612

0.32

The Republic of Lebanon

8,063

1.61

The Peoples' Democratic Republic of Algeria

8,063

1.61

TOTAL

500,000

100.00

 

 

 

The Arab Investment Company Objectives

 

The prime objectives of TAIC is to invest Arab funds to develop Arab resources in a manner that would support and develop the Arab economy. To accomplish this objective, TAIC pursues its activities in two key sectors:-

  • Equity participation in agricultural, industrial and service projects that meet with established economic viability criteria.

  • Providing banking services to companies from both public and private sectors inside and outside the Arab countries.

 

Project equity participation

 

Project equity investment is TAIC's main function for which it was founded. In its endeavor to consolidate and integrate the Arab economies, The Company is keen to cooperate with local, regional and international institutions undertaking project promotion in the region. Such cooperation would focus on performing, inter alia, the following roles:

  • Identification of economically viable projects in various sectors, and providing technical, financial and legal assistance for their realization in addition to taking equity in each project.

  • Participation in project management to ensure adherence to technical specifications, budgets, time schedules through representation in these projects Boards of Directors.

  • Development of proper investment environment and elimination of structural and legal obstacles that count for low financial returns on investments in some Arab countries

 

Project equity investment criteria

 

TAIC equity investment decisions are based on a number of criteria which include the following:

  • Total investment cost of the project should not be lower than US$ 10 million and should not exceed US$ 300 million.

  • TAIC capital share in any single project should not be lower than US$ 1 million and should not exceed US$ 20 million.

  • The project infrastructure cost should not exceed 10% of the total investment cost.

  • The internal return rate of the total investment cost should not be lower than long-term credit cost in US dollar or 10%, whichever is higher.

  • Internal rate of return on capital after taxes should not be lower than 12% or that of financing cost plus a 4% margin, whichever is higher.

 

In addition to these, TAIC adopts a number of specific criteria as follows:

  • The project profitability and its capacity to generate a good return on investment.

  • The project strategic importance and its priority within the host country development plan objectives.

  • The extent of the project contribution in the integration of various economic sectors.

  • The project use of the local resources.

  • The project role in technology transfer to the Arab world.

 

 

 

Financial Summary
( 2001 - 2006 )
USD$1000's

 

 

 

(USD$000's)

 

2001

2002

2003

2004

2005

2006

Share Capital Paid

400,000

400,000

400,000

450,000

450,000

500,000

Reserves

93,324

104,532

131,473

142,663

233,963

253,903

Total Shareholders' Equity

493,324

504,532

531,473

592,663

683,963

753,903

Total Assets

1,928,480

2,082,270

2,262,773

2,668,487

3,064,820

3,410,479

Total Operating Income

58,668

53,522

60,110

78,713

97,518

105,946

Operating Profit

42,937

36,642

42,782

60,613

78,609

85,852

 

The Aran Investment Company Financial Summary chart 2001 to 2006

 

 

 

Financial Summary
( 2005 )
USD$1000's

 

 

2006

(USD$000's)

Share Capital Paid

500,000

Reserves

253,903

Total Shareholders' Equity

753,903

Total Assets

3,410,479

Total Operating Income

105,946

Operating Profit

85,852

 

The Aran Investment Company Financial Summary chart 2005

 

 

 

TAIC provides its banking services through its branch in Bahrain, which operates as an Offshore Banking Unit (OBU) under the supervision of the Bahrain Monetary Agency.

 

The OBU staff is composed of a multi-disciplinary team of high caliber professionals, supported by sophisticated communication equipment, enabling the Company to provide diversified banking services to its clients around the world. Special emphasis is given to expanding the OBU's private sector customer base in Arab countries in order to enhance the role of this sector in the social and economic development process.

 

OBU offers various banking services inside and outside the region in the following fields:

  • Loans and credit facilities

  • Islamic Banking

  • Investment banking and treasury services

 

TAIC exercises great care to maintain a balanced sectorial distribution that minimizes investment risk and ensures a reasonable return.

 

As per its sectorial coverage at the end of 2006, TAIC's equity participation that covers different regions of the Arab world, amounted to US$ 294 in 40 industrial, service and agricultural investment projects.

 

 

Arab stocks and financial issues as a means of investment in projects

 

In order to cope with recent developments and the new investment environment in the Arab world, TAIC Board of Directors has recently adopted a new investment strategy that facilitates equity participation through subscription in Arab issues. This new investment tool will be useful in achieving TAIC objective in equity participation with more flexibility facilitating:

  1. Timely response to available investment opportunities.

  2. Diversification of investment time horizons by blending mid-term placements with long-term ones.

Taking active part in the growing trend in the Arab countries toward privatization of public sector projects and conversion of family owned and limited liability companies into public joint stock companies.

 

 

 

 

BOARD OF DIRECTORS

 

Dr. Muhammed S. AL Jasser

Chairman of the Board

Mr. Khaled M. Balama

Vice-Chairman

Mr. Musaed A. AL-Fakhiri

Mr. Yacoub Y. AL-Ben Ali

Dr. Naif F. AL-Hajraf

Mr. Badr Eldine Mahmoud Abbas

Mr. Hussein Mohammed Al-Najjar

Mr. Omar Abdulaziz AL-Hamid

Mr. Khalifa S. AL Suwaidi

Mr. Yusuf A. Humood

Mr. Mohamed Waleed AL-Nouri

Mrs. Baida Mostafa Al-Safar

Mr. Lahbib Edrissi El-Alami

Dr. Saleh I. AL-Mabrouk

Mr. Ali M.Reda

 

 

EXECUTIVES

 

HEAD OFFICE - RIYADH

Director General

Dr. Saleh Al-Humaidan

Deputy Director General

Ali Al-Shiddi

Director, Services Projects

Saud A. Al-Qurashi

Director, Financial Affairs

Sami Yousif Mohamed

Director, Industrial Projects

Nassir S. Dakhayel

Director, Agricultural Projects

Abdulrahman Al-Shaye

Legal Advisor

Mirghani A. Malik

Senior Manager, Banking Affairs

Ibrahim H. Al-Mazyad

Senior Manager, Internal Audit

Jamal A. Ibrahim

Senior Manager, Administration

Ibrahim S. Al-Babtain

Manager, Planning & Development

Abdulkarim Kendous

 

 

BAHRAIN BRANCH (O.B.U)

OBU - General Manager

Faisal M. Al-Alwan

OBU - Assistant General Manager

Nabeel Al-Sahaf

Senior Manager, Operations

Navinsing Mareeachalee

Senior Manager, Administration & Finance

Mohammed Magboul

Senior Manager, Treasury

Aqeel Al-Owd

Senior Manager, Islamic Banking

Suleiman Walhad

Senior Manager, International Banking Devision -

GCC/Middle East & Turkey Region

 

Fahad Naseeb

Senior Manager, International Banking Devision -

Sudan, Yemen & Africa Region

 

Nabeel Diryas

Senior Manager, International Banking Devision -

Iran & Indian Sub-Continent Region

 

Mohammed Bushehri

Senior Manager, International Banking Devision -

North Africa/East & South East Asia Region

 

Fouad El-Quzani

Manager, Risk Management

Nitin Gupta

Manager, Internal Audit

Lalit H. Bakhru

Manager, Public Relations & Services

Ahmed Al-Abbasi

Legal Advisor

Osama Mukhtar

 

 

REGIONAL OFFICES

Amman

Mahmoud Sammour

Tunis

Abdulatif Al Loussaief

Cairo

Mohamed Ra'fat

 

 

 

CONTACTS

 

HEAD OFFICE - RIYADH

Kingdom of Saudi Arabia
King Abdul Aziz Road

P.O.Box. 4009, Riyadh - 11491
Saudi Arabia

Telephone:

+966 1 4760601 (many lines)

Telex:

401236TAICSJ

Fax:

+966 1 4760514

Email:

Cable :

AMWAL

BAHRAIN BRANCH (Offshore Banking Unit O.B.U.)

Arab Investement Company

P.O.Box. 5559 - Al-Seef District
Manama, Bahrain

Telephone:

+973 17588-888 (General)
+973 17588-999 (Dealing)

Telex:

8334 TAIC BN (General)
7055 TAIC FX BN (Dealing)

Fax :

+973 17588-885 (General)
+973 17588-988(Dealing)

Reuters:

TAIC

SWIFT:

TAIQ BH BM

Email:

taic@taicobu.com

Cable:

AMWAL

CAIRO OFFICE

21 Giza Street
Nile Tower
Giza 12311
Egypt

Telephone :

+202 5729585
+202 5728753

Telex :

22014 TAIC

Fax :

+202 5727035

Cable :

ARABIMWAL

AMMAN OFFICE

Forth Circle - Embassies Road
P.O.Box. 950422
Amman 11195
Jordan

Telephone :

+962 6 5930527
+962 6 5933034

Telex :

23072 TAIC

Fax :

+962 6 5931529

Cable :

AMWAL

Email :

taicarabm@taicarab.com

TUNIS OFFICE

Immeuble "La Residence du lac"
Bloc E, Appartment E23
Route de la Marsa-Lac de Tunis
2045 Tunis, Tunisia

Telephone :

(216) 71 860086
(216) 71 860778

Telex :

12505 TAIC

Fax :

(216) 71 860012

Cable :

AMWAL

Email :

Abdellatif.taic@planet.tn

 

 

 

 

You can Email TAIC at: taic@taic.com

 

 

 

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MONEY FINDER

 

 

 

ABBEY NATIONAL

ALLIANCE & LEICESTER

ALLIED IRISH

ALTERNATIVE INVESTMENTS

ANGELS

ANZ BANK AUSTRALIA

ASIA PACIFIC ECONOMIC COOPERATION

BANK OF AMERICA

BANK OF TOKYO JAPAN

BANK ONE USA

BANKS

BARCLAYS - UK

BAYERISCHE LANDESBANK - Germany

BNP PARIBAS GROUP - France

BILLIONAIRES

BRISTOL & WEST

BRITISH NATIONAL BUSINESS ANGELS

BRITISH VENTURE CAPITAL FIRMS

BUILDING SOCIETIES A - Z

BUSINESS PLAN

CAHOOT

CANADIAN IMPERIAL BANK - Canada

CHASE MANHATTAN - US

CITIBANK - US

COMEICA BANK - US

CREDIT CARDS

CREDIT LYONNIAS - France

DEUTSCHE BANK - Germany

DOW JONES

DRAGONS DEN 2006

DRESDNER BANK - Germany

ECONOMICS

ELECTRONIC MONEY TRANSFERS

ENTREPRENEUR

EQUITY HOUSES

FINANCIER

FIRST DIRECT

FLEET - US 

FLOATATIONS

FORBES 100 RICHEST

FORBES 500

FOREX INVESTMENTS

FORTUNE 500

FOUNDATIONS - GATES

FREE TRADE ZONES

FTSE

FUJI BANK - JAPAN

HALIFAX

HOLDING COMPANY

HONG KONG STOCK EXCHANGE

HSBC

HSBC BANK USA - UK

HSBC - HK

IDENTITY THEFT PREVENTION

IMPERIAL BANK - US

INSURANCE

INVESTORS INDEX

 

 

IMF

J PIERPOINT MORGAN

JOHANNESBURG STOCK EXCHANGE

KLEINWORT BENSON

LA SALLE BANK - US

LIFE ASSURANCE

LOANS

LONDON STOCK EXCHANGE - MARKET

LLOYDS

MADRID STOCK EXCHANGE

MARKET CAPITALISATION

MAYBANK - Malaysia

MONEY

MONEY LAUNDERING

MORTGAGES

NASDAQ

NATIONAL AUSTRALIA BANK GROUP

NATIONAL LOTTERY

NATIONAL WESTMINSTER BANK

NATIONAL BUSINESS ANGEL NETWORK

NATIONAL CITY BANK - US

NEW YORK STOCK EXCHANGE

OFFSHORE BANKING

PENSIONS

PLCs

RBS ROYAL BANK OF SCOTLAND

SANWA BANK - Japan

SAVINGS

SHAREHOLDERS

SHARES, STOCKS, DIVIDENDS

SHELL COMPANIES

SIAM COMMERCIAL BANK - Thailand

SOCIETE GENERALE - France

SOUTHERN BANK BERHAD - Malyasia

STANDARD CHARTERED BANK - UK

STATE STREET BANK - US

STOCKS AND SHARES

SUMITOMO MITSUI BANK - Japan

SWISS BANK ACCOUNTS

TAX HAVENS

THAI FARMERS BANK - Thailand

THE AMERICAN DOLLAR

THE ARAB INVESTMENT COMPANY

THE POUND STERLING

TOKYO STOCK EXCHANGE

TORONTO DOMINION BANK - Canada

TRUSTS

UBS AG - Switzerland

UNION BANK OF CALIFORNIA

VENTURE CAPITAL

WALL STREET

WELLS FARGO - US

WEST DEUTSCHE LANDESBANK - Germany

WORLD BANK

WORLD TRADE ORGANIZATION

WOOLWICH

 

 

 

 

 

 

LINKS and REFERENCES

 

 

 

 

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