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EQUITY STORY “SOLID GROUNDS FOR SOLID GROWTH” DFM Roadshow, London, 21-22 May 2008. SHUAA CAPITAL – AT THE VANGUARD OF REGIONAL INTEGRATION. 1979-1998. 1999-2005. Since 2005. Investment company focused on principal investments.

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shuaa capital at the vanguard of regional integration
SHUAA CAPITAL – AT THE VANGUARD OF REGIONAL INTEGRATION

1979-1998

1999-2005

Since 2005

Investment company focused on principal investments

Transformation into fully integrated financial services institution

Maintain leadership position in

UAE and expand regionally

REGIONAL PRESENCE

Dubai Abu Dhabi DIFC

Riyadh Cairo Doha Beirut Istanbul

Corporate

SUBSIDIARIES & ASSOCIATES GROUP SUPPORT FUNCTIONS RESEARCH

shareholder structure
SHAREHOLDER STRUCTURE
  • Following the DBG convertible bond conversion on 31 October 2008, 125million additional share will be available to foreign shareholders.
stock data
FACTS & FIGURES

Year end share price: AED7.25

Increase y-o-y 71%

Current Share Price: AED8.14

52 week range: AED4.17– 8.82

Avg. daily trading value: AED7,5 million

Avg. Daily trading vol.: 1.2 million shares

Shares outstanding: 550,000,000

Par Value: AED1

Foreign ownership limit: 49%

Total Trading Value 9M 07/08: AED1.9 billion

Total Shares traded 9M 07/08: 300 million

Bloomberg: SHUAA.DB

Reuters: SHUA.DU

Dubai Financial Market SHUU.DU

SHARE PRICE DEVELOPMENT

STOCK DATA
principal investments
STRUCTURE

COMPETITIVE EDGE

Evaluating principal investments since 1979

“Endowment” approach

Specialist investment team

Partnerships with regional product specialists provide proprietary deal flow

VALUE DRIVERS

Indo-Gulf Corridor

Market inefficiencies

Integration of GCC in global financial markets

Interlink between GCC, China and India

Direct and co-investment opportunities

49%

Porta Egypt

49%

Al Kout Industrial

23%

Taghleef Industries

PRINCIPAL INVESTMENTS

Principal Investments

(ca. $860 million)

Heritage

Investments*

ca. $167 million

Strategic

Investments

ca. $130 million

Portfolio

Investments

ca. $560 million

20%

SC Multi Strategy Portfolio

ca.$450 million

47%

India Special Situations / India Arbitrage

ca. $80 million

2.5%

Fixed Income

ca. $36 million

*Principal Investments is a sole LP – SHUAA Partners manages the investments

principal investments1
PRINCIPALINVESTMENTS

HIGHLIGHTS

  • Superior return of 31% on Multi Strategy Portfolio as of 31 March 2008
  • Profitable standalone proprietary business
  • Taghleef Industries now global number one in BOPP packaging films – US$500m business

PIPELINE/TARGET

  • 2 Product launches within 1H2007/08 that will allow co-investment in our portfolio
  • Target IRR 15%

1002%

3289%

investment banking1
INVESTMENT BANKING

COMPETITIVE EDGE

  • High quality IPOs with strong aftermarket
  • Unparalleled insight into investor appetite and behavior
  • Successful execution breeds IPO pipeline
  • Strong relationships & market knowledge
  • Total SHUAA-managed IPOs represent 13% of total market cap on DFM and 51 % of total trading volume (as of 31 March 2008)

196.3%

395.3%

shuaa asset management
SHUAA ASSET MANAGEMENT

ARAB GATEWAY FUND

FY 2007/08

COMPETITIVE EDGE

  • Longest regional track record (since 2001)
  • 6 GATEWAY funds span Arab and GCC markets
  • 1 Fixed Income Fund
  • 13 discretionary portfolios
  • Conventional & Shariah compliant products
  • Best Islamic MENA Equity Fund 2007
  • Headcount: 35 professionals

VALUE DRIVERS

  • Management + Performance Fees
  • International Asset Managers seeking access to regional markets
  • Strong fundamentals
  • Macroeconomic trends
shuaa asset management1
SHUAA ASSET MANAGEMENT

118.8%

636.0%

1297.5%

shuaa partners
COMPETITIVE EDGE

Excellent network for deal sourcing (since1979)

Clear focus on GCC

Longest track record

Proprietary deal flow

UAE passport enables access to GCC opportunities

VALUE DRIVERS

Regional Factors - GCC integration

Economic reform & liberalization

Proprietary deal flow & deal environment

SIGNATURE INVESTMENTS

SHUAA PARTNERS
shuaa partners1
SHUAA PARTNERS

HIGHLIGHTS

  • SHUAA Partners Fund I (US$200mn)
    • Closed
    • 2 exits: Petrofac and Damas
    • IRR of 47% on exited investments
  • Frontier Opportunities Fund I (US$100mn)
    • Closed
    • 1 Investment
      • Syriatel
  • SHUAA Hospitality Fund I (US$200mn)
    • US$50 million invested by SHUAA and Rotana
    • First Closing scheduled for 1H 2008/09

183.8%

504%

shuaa securities
SHUAA SECURITIES

COMPETITIVE EDGE

  • Through Orion deal SHUAA Securities is largest equities brokerage in GCC and Arab world
  • SHUAA Securities offers access to 12 GCC and Arab markets through one single platform

VALUE DRIVERS

  • Integration of regional brokers
  • Market recovery & evolving “equity culture”
  • Regional expansion (KSA & Qatar)
  • Strong international investor appetite
shuaa securities1
SHUAA SECURITIES

HIGHLIGHTS

  • SHUAA Securities maintains leading position in UAE institutional sales
  • Market recovery results in growth
  • Over 600 HNWI and institutional clients
  • 65% professional investors

94.8%

311%

125.5%

gulf finance
GULF FINANCE

HIGHLIGHTS

  • Asset based lending on the rise due to construction and tourism boom
  • Gulf Finance Corporation has produced 10 years of continuous growth
  • Clear focus on United Arab Emirates

VALUE DRIVERS

  • GULF FINANCE has the same UAE license

as Amlak and Tamweel

  • Recently increased its capital to US$ 55 million
  • Growing population
  • Favourable demographics

62.8%

82.9%

corporate
CORPORATE

HIGHLIGHTS

  • SHUAA Capital Saudi Arabia commenced operations and has had a strong start
  • Acquisition of 20% stake in Orion Holding and controlling stakes in 5 regional brokers
  • Significant investments in attracting, retaining and training Human Capital
  • Holding corporate investments for best possible exit scenario
  • Joint Venture with Orascom and Rotana through private equity division
  • SHUAA Asset Management applied for DIFC license
  • Continued to invest in strengthening financial brand and value

73%

666%

shuaa research
SHUAA RESEARCH

COMPETITIVE EDGE

  • Historical financial information on over 800 listed companies across MENA region
  • Publications
    • Prime equity coverage on 73% of market capitalization in the UAE and 45% in KSA
    • GCC daily equities briefs
    • Quarterly earnings updates
    • Regular market reports
    • Specific industry and thematic reports
    • Monthly Stock Pick Monitor
    • Yearly “UAE and KSA Vision” outlook report
  • Proprietary Index Family with 12 regional and sector indices
  • Macroeconomic Research
  • Data Provider for Dow Jones Indexes

Daily Equities Brief

Company Reports

Comprehensive and In-depth Research Coverage on Regional Companies

human resources
HUMAN RESOURCES

Chief Executive Officer

CAGR

37%

Deputy CEO

SHUAA Securities

SHUAA Asset Management

Investment Banking

Avg.

8.3 Years

Research

Investment Banking

Principal Investments

Finance

strategic priorities
STRATEGIC PRIORITIES
  • Further promote GCC as an asset class and destination of capital
  • Obtain, maintain or retain leadership position in each business line
  • Mirror UAE success story in KSA, Qatar and other Arab Markets
  • Focus relentlessly on high-growth, high-margin business
  • Enhance client relationships with value-enhancing solutions, on-ground presence and suite of best-in-class products and services
short term outlook
SHORT-TERM OUTLOOK
  • Corporate will continue to fuel the machine through additional support services, organic growth, further acquisitions and strategic alliances
  • Principal Investments will enhance its “endowment” approach to investing and will allow third-parties investors to buy into portfolio investments
  • Assets under Management will rise due to inflow of capital from international institutional investors – with increasing emphasis on Asian investors
  • Brokerage will continue to benefit from increased trading activity from both local and international investors – both retail and institutional
  • Investment Banking pipeline scheduled to deliver in second half of 2008
  • Private Equity will mark first closing of new Hospitality Fund I in first half of 2008
  • Finance will grow its UAE footprint and product portfolio
record assets under management
RECORD ASSETS UNDER MANAGEMENT

POSITIONING PAYING OFF

  • Highest ever clients assets under management/custody is a result of:
    • Targeted expansion strategy
    • Product and services offering
    • Extremely well positioned to benefit from macroeconomic trends, market developments and industry outlook
    • Credibility and trust
    • Financial brand value
    • High calibre talent
    • Consistency in what we do
contact information
OLIVER SCHUTZMANN

Head of Investor Relations

SHUAA CAPITAL psc

The Gate, West Wing, Level 2

Dubai International Financial Center

P.O. Box 31045, Dubai - UAE

T +971 4 3651 872

F +971 4 3303 550

M +971 505442078

[email protected]

CONTACT INFORMATION
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