NIG Prospectus - London Stock Exchange

Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:19 pm – mac5 – 3776 Section 07 : 3776 Section 07StrategyIkarus plans to maximize value for its shareholders by strengthening the companies in which it hasan interest through close involvement in all strategic decisions of such companies. To achieve this,Ikarus intends to put in place a management team with extensive operation and commercialexperience in the petroleum and petrochemical industry.Together with NIG, Ikarus has identified a number of regional strategic partners capable ofassisting Ikarus in the implementation and achievement of its long term investment plans, whichreflect its established investment criteria. Currently, Ikarus intends to concentrate on investing inmajority interests in start-up and greenfield projects or in interests of not less than 15 per cent. inlarge and mature operations with stable cash flows.Financial ServicesNoor is a Kuwaiti investment company, engaged in investment and financial activities primarily inKuwait, the Middle East, Asia and other emerging markets. Noor was established as the financialarm of NIG and NIG retains a total of 51 per cent. interest in Noor.Noor currently follows a diversified investment strategy with major investments in private equityand direct investments in capital markets. Noor provides a broad range of financial services, whichincludes advisory services, underwriting and syndications. Noor actively invests in local capitalmarkets and also diversifies its investments through international capital markets, which includeGCC countries and emerging markets such as Pakistan, China and India. Noor also has limitedexposure in Europe and the US.NIG appoints all of the five members of the board of directors.Noor divides its operations into the following three areas:Corporate FinanceThe Corporate Finance department provides a variety of products and services. The activitiesundertaken by the department include:• Investment Strategy & Implementation;• Mergers & Acquisition Advisory;• Valuations;• Hedging & Risk Management;• Capital Raising (Conventional/Islamic);• Local/Foreign Listing;• Long-term Financial Planning;• Innovative Structuring;• Underwriting;• Syndication; and• Placement.The Corporate Finance department is responsible for attracting, establishing and maintainingrelationships with clients in developing and executing their direct investment and divestiturestrategies, as well as for Noor’s proprietary book. The geographic focus of the business is in theMiddle East and Asia, including Pakistan, China and India.76