Corporate Profile Company Overview
Shareholder Structure The Saudi Jordanian Investment Fund (Limited Public Shareholding Company) (“SJIF”) was formed in 2017 by the Public Investment Fund of Saudi Arabia (“PIF”) and 16 Jordanian commercial and Islamic banks, specializing in investing in Jordan’s infrastructure and 1.6% Jordanian Islamic Banks high growth sectors. 8.4% Jordanian Commercial Based in Amman, Jordan, SJIF is registered per the Jordan Investment Fund Law number (16) for 2016 (“JIF Law”). Banks
SJIF seeks to become a premier investment company in Jordan pursuing strategic and commercially viable opportunities in Jordan’s vital and promising Industries. Public Investment Fund Through a dynamic approach, SJIF aims to achieve solid returns for its investors through projects that foster vibrant economic 90.0% of Saudi Arabia activity and sustainable socio-economic impact.
SJIF’s mandate is to deploy its $3 billion of committed capital in a range of diverse projects in line with the strategic direction of the PIF.
SJIF Milestones
April 2016 August 2016 March 2017 August 2017 December 2017 April 2018 2018 & 2019 2020 Onward Establishment of MOU for Investment Registration of Saudi Company Investment Strategy Investment Building SJIF Capital Deployment Jordanian Saudi Promotion Jordanian Incorporation Approved Professionals Started foundation blocks and Project Cooperation Investment Fund Completion and Joining the Team and investment Execution Council (JSCC) CEO Hiring pipeline Confidential / For Discussion 2 Investment Strategy
Investment Goals Investment Principles
SJIF seeks to be the premier investment company in Jordan, applying a rigorous investment Ticket sizes depend on investment track and range from $20m (existing companies) process to build a diversified portfolio of predominantly infrastructure and greenfield projects. to $500m (infrastructure).
SJIF seeks to invest according to the following criteria: Stakes in existing companies ranging from a significant minority to a small majority. Commercial Developmental Alignment with Active involvement in all investments to support strategy and ensure robust viability impact PIF strategy oversight.
Seeking partnerships (operational and financial) to support investments, operations, and to manage risk.
Our Corporate Values
Commitment Integrity Sustainability SJIF is committed to the long-term prosperity of Jordan, which is Upholding professional conduct and the highest ethical standards SJIF was established with a vision of fueling continuous reflected in the company’s strategy and patient, long-term are cornerstones in SJIF’s activities and are crucial guiding development and economic progress. Therefore, the company investment approach, as well as in its relations with its partners, principles in its investment approach. works to ensure the long-term sustainability of all its projects and employees, services providers, and the communities in which it activities. operates. Confidential / For Discussion 3 Investment Strategy Investment Tracks
Growth Capital PPP Infrastructure Projects Supporting the growth and expansion of promising Pursuing viable, strategic infrastructure projects, and successful businesses in sectors such as agri- executed on a PPP basis, that help enhance the business, food processing, energy, and efficiency, productivity, and competitiveness of the pharmaceuticals by providing them with necessary Jordanian economy equity funding and strategy support Investment Approach
Strategic Sectors Leading, or actively participating in, private sector led opportunities in key economic sectors (primarily healthcare and tourism) to elevate capacities and stimulate economic growth
Confidential / For Discussion 4 Jordan Investment Fund Law Number 16 for 2016
The Jordan Investment Fund (“Fund”), a wholly-owned government entity chaired by the Prime Minister, was established per the JIF Law Jordan Investment Fund Rights and Priority Projects which provides for the Fund’s ownership of the concession rights for The Fund shall have the rights to own, invest, develop, manage and operate the following infrastructure developing the projects listed in the JIF Law. projects stipulated in the Law in partnership with the private sector under a PPP framework:
National railway Infrastructure Electrical network project development project for interconnection project Following the identification of priority infrastructure projects by the the city of Custodian of with Saudi Arabia Jordanian Government, the JIF Law was enacted to expedite the the two Holly Mosques execution of such complex projects whilst reducing execution risk.
Recreational city project Crude oil and petroleum Any other major Concession rights would be granted to investors for a specific period (to in the Al Matal site in products transportation infrastructure or be agreed upon with the Fund on Public Private Partnership Model). Aqaba to Jordanian refineries development projects After expiry of such period, all projects’ assets would be transferred to and consumption sites approved by the Council the Fund at no additional fee. of Ministers
The Fund has the right to partner with SJIF or its subsidiaries and to authorize it to own, manage and operate any of the development and investment rights covered by the provisions of the JIF Law and to the extent it deems appropriate in accordance with the provisions of the JIF Law.
Confidential / For Discussion 5 Board of Directors (BOD)
Hisham Attar Mohammad AlBalaihed Chairman Vice Chairman
• Senior Directorat PIF. • Vice Presidentat PIF. • PreviouslyPrincipal at Amwal Al Khaleej. • Previously with Sanabel Investment, Saudi • Board member of Zain KSA, TAQA, Industrial Development Fund, and Dussur, and Arab Bank. DeutscheBank. • Holds a bachelor’s degree in Business • Board member of Saudi Investment Economics from BrownUniversity. Recycling Company, Eastern Province Cement, Saudi Electricity Co, and Virgin Mobile. • Holds a bachelor’s degree in Finance from Prince Sultan University.
Fahad Alnuhait Omar Alwir Walid Al Samhouri Director Director Director • Director of Corporate Finance and Industrial • CEO of Saudi Jordanian InvestmentFund. • Senior Vice President at Arab Bank Investment Attraction at NEOM Industrial • Previously CEO of AB Invest and Capital heading the area of Jordan and covering City. Investments. other areas such as the Gulf and Egypt. • Previously director of investments at Dussur, • Held roles at the Royal Hashemite Court • Previously, a Senior Vice President and chief investment officer for a MENA- and the Ministry of Planning and covering North Africa and Lebanon. region sovereigninvestmentfirm. InternationalCooperation. • Holds a bachelor’s degree in Economics, • holds a Master's degree in Finance from • Holds a bachelor’s degree in economics Statistics & Public Administration from Newcastle University in the UK, and a with history and psychology minor from University of Jordan, and a master’s degree Bachelor's degree in Business Administration the Universityof Pennsylvania. in Economics from Universityof Jordan. from King Saud University.
Confidential / For Discussion 6 BOD Committees Executive Committee
Hisham Attar Omar Alwir Walid Al Samhouri Chairman Member Member • Senior Directorat PIF and Chairman of SJIF. • Previously CEO of AB Invest and Capital • Senior Vice President at Arab Bank heading • PreviouslyPrincipal at Amwal Al Khaleej. Investments. the area of Jordan and covering other areas • Board member of Zain KSA, TAQA, Dussur, • Held roles at the Royal Hashemite Court and such as the Gulf and Egypt. and Arab Bank. Jordan’s Ministry of Planning and International • Previously, a Senior Vice President covering • Holds a bachelor’s degree in Business Cooperation. North Africa and Lebanon. Economics from BrownUniversity. • Holds a bachelor’s degree in economics with • Holds a bachelor’s degree in Economics, history and psychology minor from the Statistics & Public Administration from Universityof Pennsylvania. University of Jordan, and a master’s degree in Economics from Universityof Jordan.
Confidential / For Discussion 7 BOD Committees Audit Committee
George Nahhas Mohammed AlBalaihed Turki Al Luhaid Member Chairman Member • • Vice Presidentat PIF and Vice Chairman of SJIF. Executive Director of the Investment and Financial • A Saudi Certified Public Accountant, SOCPA, and a • Previously with Sanabel Investment, Saudi Industrial Advisory Department at the Housing Bank for Trade CPA. DevelopmentFund,and DeutscheBank. and Finance. • Previously, a partner at Ernst & Young in Riyadh, Saudi • • Board member of Saudi Investment Recycling Previously, he was a financial analyst at the Arab Arabia, and at Ernst & Young in Switzerland. Company, Eastern Province Cement, Saudi Electricity Advisors Group of the Arab Jordan Investment Bank, • Enjoys a wide range of experiences in various sectors, Co, and Virgin Mobile. and a corporatefinance consultantat PKF. such as banking, capital markets, IT, oil and gas, • • Holds a bachelor’s degree in Finance from Prince Holds a master’s degree in Business Administration healthcare, contracting and construction, and real Sultan University. from the University of Technology Sydney, and a estate. bachelor's degree in Engineering - Project Management • Chairman of the audit committee of the Company for from the Hashemite University in Jordan. He is a CooperativeInsurance in Saudi Arabia. CertifiedValuation Analyst.
Nomination and Remuneration Committee
Hisham Attar Fahad Alnuhait Walid Al Samhouri Chairman Member Member • Senior Directorat PIF and Chairman of SJIF. • Director of Corporate Finance and Industrial Investment • Senior Vice President at Arab Bank heading the area of • PreviouslyPrincipal at Amwal Al Khaleej. Attraction at NEOM IndustrialCity. Jordan and covering otherareas such as the Gulf and Egypt. • Board member of Zain KSA, TAQA, Dussur, • Previously director of investments at Dussur, and chief • Previously, a Senior Vice President covering North Africa and Arab Bank. investment officer for a MENA-region sovereign and Lebanon. • Holds a bachelor’s degree in Business investmentfirm. • Holds a bachelor’s degree in Economics, Statistics & Public Economics from BrownUniversity. • holds a Master's degree in Finance from Newcastle Administration from University of Jordan, and a master’s University in the UK, and a Bachelor's degree in Business degreein Economicsfrom Universityof Jordan. Administrationfrom King Saud University.
Confidential / For Discussion 8 Management Team
Omar Alwir Nidal Abu Maizer Ahmad Alawamleh CEO CFO General Counsel & Board Secretary • Previously CEO of AB Invest and Capital • Previously worked with Bupa Arabia, Edgo, • Previously worked at Abu Dhabi Islamic Investments. Global Investment House, and Atlas Bank and Al Tamimi & Co. • Held roles at the Royal Hashemite Court and InvestmentGroup (nowAB Invest). • Holds a bachelor’s degree in law from Jordan’s Ministry of Planning and International • Held directorship roles in a number of University of Jordan and master’s degree in Cooperation. publiclylisted and private companies. banking and finance law from the • Holds a bachelor’s degree in economics with • Holds a bachelor’s and a master’s degree in Universityof London. history and psychology minor from the finance from Bentley University and an • Admittedto the Jordanianbar in 2009. Universityof Pennsylvania. EMBA from INSEAD. • He is a CFAcharterholder.
Omar Obeidat Abdullah Aljundi Zaid Dalabeeh Communications Manager Senior Investment Professional Senior Investment Professional • Previously, he worked as manager of local • Previously a member of the MENA Transaction • Previously a member of the MENA media and programs department at the Royal AdvisoryServices and Assurance teams at EY. Transaction Advisory Services team at EY Hashemite Court. • Holds a bachelor’s degree in finance from and started his careerat Eagle Hills. • Holds a bachelor’s degree in translation from University of Jordan and is a CFA level III • Holds a bachelor’s degree in accounting Al Mustansirya University in Iraq and a candidate. and financefrom Universityof Exeter. business diploma from Bridge Business Collegein Sydney,Australia.
Ahmad Fariz Senior Investment Professional • Previously worked in corporate strategy, M&A and risk management at Hikma Pharmaceuticals. • Holds a bachelor’s degree from Bentley University with a major in finance and minors in management as wellas an MBA from IE BusinessSchool in Spain. Confidential / For Discussion 9 Saudi Jordanian Investment Fund (Limited Public Shareholding Company)
Office 03, Third Floor 40 Rafiq Al Hariri Avenue, Abdali P.O.Box 5337, Amman (11183), Jordan
Telephone: +962 6 510 4422 [email protected] www.sjifund.com
Confidential / For Discussion 10