IIG Prospectus - London Stock Exchange

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CLEARANCE AND SETTLEMENTThe information set out below is subject to any change in or reinterpretation of the rules,regulations and procedures of Euroclear or Clearstream, Luxembourg currently in effect. Theinformation in this section concerning such clearing systems has been obtained from sources thatthe Issuer believes to be reliable, but neither the Issuer, IIG nor the Lead Manager take anyresponsibility for the accuracy of this section. The Issuer and IIG only take responsibility for thecorrect extraction and reproduction of the information in this section. Investors wishing to use thefacilities of any of the Clearing Systems are advised to confirm the continued applicability of therules, regulations and procedures of the relevant Clearing System. None of the Issuer and IIG andany other party to the Agency Agreement will have any responsibility or liability for any aspect ofthe records relating to, or payments made on account of, beneficial ownership interests in theCertificates held through the facilities of any Clearing System or for maintaining, supervising orreviewing any records relating to such beneficial ownership interests.Clearing SystemsEuroclear and Clearstream, Luxembourg each hold securities for their customers and facilitatethe clearance and settlement of securities transactions by electronic book-entry transfer betweentheir respective account holders. Euroclear and Clearstream, Luxembourg provide various servicesincluding safekeeping, administration, clearance and settlement of internationally traded securitiesand securities lending and borrowing. Euroclear and Clearstream, Luxembourg also deal withdomestic securities markets in several countries through established depositary and custodialrelationships. Euroclear and Clearstream, Luxembourg have established an electronic bridgebetween their two systems across which their respective participants may settle trades with eachother. Euroclear and Clearstream, Luxembourg customers are worldwide financial institutions,including underwriters, securities brokers and dealers, banks, trust companies and clearingcorporations. Indirect access to Euroclear and Clearstream, Luxembourg is available to otherinstitutions that clear through or maintain a custodial relationship with an account holder of eithersystem.Registration and FormBook-entry interests in the Certificates will be represented by the Global Certificate registeredin the name of a common depositary or its nominee for Euroclear and Clearstream, Luxembourg.Beneficial ownership of book-entry interests in the Global Certificate will be held through financialinstitutions as direct and indirect participants in Euroclear and Clearstream, Luxembourg.The aggregate holdings of book-entry interests in the Global Certificate in Euroclear andClearstream, Luxembourg will be reflected in the book-entry accounts of each such institution.Euroclear or Clearstream, Luxembourg, as the case may be, and every other intermediate holder inthe chain to the beneficial owner of book-entry interests in the Global Certificate will beresponsible for establishing and maintaining accounts for their participants and customers havinginterests in the book-entry interests in the Global Certificate. The Registrar will be responsible formaintaining a record of the aggregate holdings of the Global Certificate registered in the name of acommon depositary or its nominee for Euroclear and Clearstream, Luxembourg and/or, if individualCertificates are issued in the limited circumstances described under the Global Certificate, holdersof Certificates represented by those individual Certificates. The Principal Paying and ExchangeAgent will be responsible for ensuring that payments received by it from the Issuer for holders ofbook-entry interests in the Global Certificate holding through Euroclear and Clearstream,Luxembourg are credited to Euroclear or Clearstream, Luxembourg, as the case may be.The Issuer will not impose any fees in respect of holding the Global Certificate. However,holders of book-entry interests in the Global Certificate may incur fees normally payable in respectof the maintenance and operation of accounts in Euroclear or Clearstream, Luxembourg.Clearance and Settlement ProceduresInitial SettlementUpon their original issue, the Certificates will be in global form represented by the GlobalCertificate.Interests in the Global Certificate will be in uncertified book-entry form. Purchasers holdingbook entry interests in the Global Certificate through Euroclear and Clearstream, Luxembourg124
accounts will follow the settlement procedures applicable to conventional Eurobonds. Book-entryinterests in the Global Certificate will be credited to Euroclear and Clearstream, Luxembourgparticipants’ securities clearance accounts on the Closing Date against payment (valued at theClosing Date).Secondary Market TradingBecause the purchaser determines the place of delivery, it is important to establish at thetime of trading of any Certificates where both the purchaser’s and seller’s accounts are located toensure that settlement can be made on the desired value date.Trading between Euroclear and/or Clearstream, Luxembourg participantsSecondary market trading between Euroclear participants and/or Clearstream, Luxembourgparticipants will be settled using the procedures applicable to conventional Eurobonds in same-dayfunds.GeneralNeither of Euroclear and Clearstream, Luxembourg is under any obligation to perform orcontinue to perform the procedures referred to above, and such procedures may be discontinuedat any time.None of the Issuer, the Trustee, IIG or any of their agents will have any responsibility for theperformance by Euroclear or Clearstream, Luxembourg or their respective participants of theirrespective obligations under the rules and procedures governing their operations or thearrangements referred to above.125
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This Offering Circular comprises li
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given, and has not withdrawn, his c
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FORWARD LOOKING STATEMENTSSome stat
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STRUCTURE DIAGRAM AND CASHFLOWSThe
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PartiesIssuerOVERVIEW OF THE OFFERI
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On the exercise of the Trustee’s
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Periodic DistributionsRedemptionExc
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Redemption at the Option ofCertific
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Definitive Certificates evidencing
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Withholding TaxUse of ProceedsListi
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actions which could have a material
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The performance of IIG’s investme
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the insurance interests within the
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Certificateholders will bear the ri
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Enforcing foreign arbitration award
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1. Form, Denomination, Title and De
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Delegate, the Agents or any of thei
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4.2 Application of Proceeds from Tr
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In order to exercise such right, a
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as a result of the issue of Shares
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of the relevant Certificate and the
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(c)(d)(e)(f)(g)Relevant Share Amoun
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(k)(l)(m)(n)Liabilities: In exercis
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and, in each case, there will be no
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(b)Adjustment EventsSubject to Cond
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(vi)Where:PdTis the arithmetic aver
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ecome effective immediately before
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eplacement, the Delegate shall be e
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(c)where such withholding or deduct
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(b)mailed to them by first class pr
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21.2 The Issuer has in the Declarat
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‘‘Current Market Price’’ me
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‘‘Late Payment Amount’’ mea
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aggregate Net Proceeds of Sale and
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‘‘Trading Day’’ means, in r
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GLOBAL CERTIFICATEThe Global Certif
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USE OF PROCEEDSThe proceeds of the
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IIG - SELECTED FINANCIAL INFORMATIO
Page 78 and 79: ecorded principally as net income f
Page 80 and 81: Finance costsFinance costs comprise
Page 82 and 83: its net cash used in investing acti
Page 84 and 85: investments comprised 50 per cent.
Page 86 and 87: new company, for example Ajal Finan
Page 88 and 89: IIG also intends in the next few ye
Page 90 and 91: IIG has entered into a number of cu
Page 92 and 93: the productivity of oil and gas wel
Page 94 and 95: CompetitionIIG expects that First K
Page 96 and 97: indirectly, 70 per cent. of the sha
Page 98 and 99: * distribution of borrowings, claim
Page 100 and 101: * Chairman and Managing Director of
Page 102 and 103: Name Title AgeYear firststarted wit
Page 104 and 105: SHAREHOLDERSIIG has been a publicly
Page 106 and 107: Shareholders holding at least 25 pe
Page 108 and 109: The table below sets forth the repo
Page 110 and 111: There are no other outstanding secu
Page 112 and 113: The strengthening of the Kuwait eco
Page 114 and 115: THE TRUST ASSETSPursuant to the Dec
Page 116 and 117: in each case, there will be no rest
Page 118 and 119: with the covenant relating to the L
Page 120 and 121: ‘‘Independent Appraiser’’ m
Page 122 and 123: ‘‘Total Consolidated Contingent
Page 124 and 125: For these purposes:‘‘Material S
Page 126 and 127: TAXATIONThe following is a general
Page 130 and 131: SUBSCRIPTION AND SALEBarclays Bank
Page 132 and 133: exempt offer under sub-paragraph (3
Page 134 and 135: GENERAL INFORMATION1. Application h
Page 136 and 137: APPENDIX - FINANCIAL STATEMENTSFina
Page 138 and 139: International Investment Group Comp
Page 150 and 151: F-15
Page 170 and 171: 166Independent Auditior’s ReportF
Page 172 and 173: 188International Investment Group K
Page 174 and 175: EXHIBIT DINTERNATIONAL INVESTMENT G
Page 176 and 177: EXHIBIT CINTERNATIONAL INVESTMENT G
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-2-As per the revised IAS 39, unrea
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-4-Gains or losses arising from tra
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-6-n) Treasury sharesTreasury share
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-8-5. Murabaha receivables2005KD200
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-10-Compensation to key management
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-12-During the year, the company ha
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-14-19. Treasury sharesThe Company
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-16-29. Fiduciary assetsThe Company
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-18-iii)Mudaraba receivables and ot
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-20-32. ZakatAccording to State of
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F-63
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F-65
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F-67
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F-69
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F-71
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F-73
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F-75
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F-77
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F-79
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F-81
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F-83
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THE ISSUER AND TRUSTEEIIG Funding L
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IIG Prospectus - London Stock Exchange

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