NIG Prospectus - London Stock Exchange

Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:19 pm – mac5 – 3776 Section 07 : 3776 Section 07Resin Transfer Moulding (RTM). BIC holds TS16949 and ISO 9001 certification as well asvarious other customer quality accreditations. Major customers include Bentley Motors,Land Rover, JCB, LTI, Aston Martin and Dennis Eagle. Products include door panels,armrests, headrests, handles, consoles, vehicle hoods, body panels and load floors.• Cinpres Gas Injection (CGI): CGI is the leading worldwide provider of equipment,technology and customer support services for gas assisted moulding. CGI sells equipmentand licenses around the World. Gas assisted moulding is an important process for leadingcar manufacturers in Europe, the US and the Far East as well as to consumer, electronic andother sectors.Metals DivisionThe Metals division consists of the UCB companies wholly owned by BI Group (except for thestockist in Italy which is 60 per cent. owned by BI Group). These consist of four foundries (locatedin the UK, Spain and Czech Republic) and eleven stockist/machinists located in the UK, Germany,France, Spain, Sweden, Austria, Czech Republic, Italy and the USA. The division manufactures,sells and distributes mehanite continuous cast iron bars. Together the UCB businesses representEurope’s largest producer of continuous cast iron bars. The properties of continuous cast iron barsmake it ideal for hydraulic, pneumatic, machinery, machine tool and many other applications. UCBcompanies serve the automotive, glass, oil & gas, machine tool and many other industry sectorswith their branded ‘Unibar’ products.PetrochemicalsIn 1996, NIG established Ikarus (formerly known as the National Company for Cement Industries).Ikarus is 72 per cent. owned by NIG and its objective is to engage in the development of aninvestment in local and regional petroleum and petrochemicals ventures.As at 31 December 2006, Ikarus had equity investments in companies listed on the KSE with avalue of approximately KD 25 million. In addition, Ikarus holds a direct equity interest in thefollowing companies:Saudi International Petrochemical Company (SIPCHEM)SIPCHEM was founded in Saudi Arabia in September 1998 and in November 2006 had a fully paidup share capital of US$533 million. Ikarus and the Al-Zamil Group are the largest shareholders,with Ikarus holding 8 per cent. of the issued shares. Other shareholders in SIPCHEM include ArabInvestment Company, Dubai Investment Company, Arab Petroleum Investments Corporation andAl Guoriar Investment Company. SIPCHEM was formed to pursue the production of the followingmajor petrochemicals: butandiol, methanol and acetic acid, vinyl acetate monomer and carbonmonoxide.National Industrialisation Company (Tasnee)Ikarus has a 5 per cent. stake in Tasnee, which was established in 2000 in Saudi Arabia to operatein the petrochemical sector. The principal shareholders of this company are the NationalManufacturing Company (Saudi Arabia), Gulf Investment Company (Saudi Arabia) and Ikarus.Tasnee operates a US$526 million, 500,000 tonnes per year propane dehydrogenation andpolypropylene plant in Jubail, Saudi Arabia. Production began in June 2004.Tasnee has increasedits shareholders’ equity in order to finance its forthcoming projects, which include the constructionof an ethylene and polyolefin complex as well as a methanol and acetic acid complex.75