News & Events

Swicorp acted as exclusive financial advisor on the USD 330m share swap between the Savola Group and the Al Muhaidib Group. The share swap will enable Savola to take complete control of its edible oil and sugar subsidiary and boost its control over the retail business. It will also enable Al Muhaidib Group to become the largest shareholder of Savola with a 14.8% stake from its current ownership of 8.4%.

Swicorp has acted as financial advisor to National Scientific Company Limited (NSC), a subsidiary of Dabbagh Group Holding Co. in a flexible packaging joint venture with a subsidiary of Greif Inc, the world leader in industrial packaging products and services.

As part of the strategic redesign of the Tunisian telecommunication sector, Tunisie Telecom (Tunisia's incumbent telecom operator) has acquired 100% of the capital of Topnet (number 1 Tunisia's internet services provider) fully owned by the Khémiri Family.

Swicorp is the co-financial advisor, the co-underwriter and co-flotation manager to the Initial Public Offering of the Knowledge Economic City Company which is developing the Knowledge Economic City Project in Madinah.

Swicorp participated as a co-sponsor in the 12th IFC EMPEA Conference on 11th-12th of May in Washington DC. The conference was a tremendous success with more than 650 private equity professionals in attendance from more than 55 countries around the world.

Swicorp attended the Elite Saudi Careers, 16th-19th of April 2010 in London. The conference provides Swicorp with the opportunity to meet with the elite students from Saudi Arabia, as well as young Saudi professionals in the early stages of their careers.

Swicorp participated as a Gold sponsor in the 1st Saudi Private Equity Summit, 10th -12th of April 2010 in Riyadh. The event attracted leading Saudi family businesses, institutional and private investors, Governmental institutions, large corporates, as well as banks and investment firms. Saudi Arabia has been ranked 13th in the world and the top destination in the Middle East in 'Ease of Doing Business' by the World Bank.

Swicorp is pleased to announce its participation as a Gold sponsor in the first art exhibition hosted by Oasis Magazine to encourage the Saudi arts scene.

Swicorp, Banque Extérieure d'Algérie (BEA), Algeria's largest bank, and Banco Espirito Santo (BES), Portugal's third largest bank, today announced a new partnership in the Algerian leasing sector and the formation of Ijar Leasing Algérie , ("Ijar") a new Algerian leasing company to be headquartered in Algiers.

Swicorp is pleased to announce that it became a member of the M&A International Inc. (MAI) alliance during the MAI fall conference 2009, which took place in Miami from the 7th to the 9th of November.

Intaj Capital has acquired through one if its portfolio investments, Uniceramic Holding ('Uniceramic'), a strategic stake in Powergres, a leading Italian-based contemporary ceramic designer and distributor. The transaction consisted of both a capital increase and a share swap.

Swicorp is pleased to announce that it acted as exclusive financial advisor to The Savola Group on its bid to acquire all eleven Saudi Géant stores from Alhokair Group. The deal will enable Savola's retail arm Azizia Panda to raise to eight from seven per cent its share of the Saudi retail market and would increase its turnover by 13 per cent, the company said.

Swicorp attended the Emerging Markets Private Equity Forum 2009, in New York

Swicorp is pleased to announce its participation in the SuperReturn International conference 2009, taking place February 2nd-5th in Berlin.

January 25th-27th, 2009 : Swicorp participated as a Competitiveness Sponsor in the Global Competitiveness Forum 2009, in Riyadh.

The International Finance Corporation (IFC), a member of the World Bank, is investing in Creative Energy Resources (CER) to help the company supply power to some of the most challenging markets in the Middle East, North Africa and South Asia. CER is a newly formed holding company promoted by Swicorp Joussour, which has committed up to 100 million dollars to the group. It will develop, acquire, own and operate a range of thermal and renewable power generation projects.

Swicorp is participating in the fourth annual Private Equity World MENA Conference, taking place in Dubai from the 17th to the 20th of November. Coming at a very poignant time, with the thriving economies of the broader region being affected by the current global financial turmoil, this year’s conference is expected to tackle current intelligence and trends, and discuss key insights around the current investment opportunities.

Swicorp made its debut at the 4th annual Emerging Markets Private Equity Forum at the InterContinental Park Lane Hotel as Lead Sponsor. Attended by the leading Private Equity practitioners from the Middle East, North America and Europe, the attendees gathered to discuss current international trends, with a concentration on the large emerging market of North Africa.

Swicorp is pleased to announce its participation in the second annual SuperReturn Middle East conference, due to take place from October 13th-15th in Dubai. Managing Director and Head of Private Equity at Swicorp Mr. Nabil Triki, has been cordially invited to attend as a guest speaker. Mr. Faysal Hamza, Executive Director, Private Equity has also been invited to sit on a panel assessing the potential of oil, gas and associated industries globally.

Swicorp today announced a new partnership with Petroser, the leading privately held distributor of fuel and related products in Algeria. Under the terms of the partnership, Intaj Capital, Swicorp's USD 250 million private equity vehicle focusing on sectors driven by growth in consumer demand in the MENA region, has provided funding to allow Petroser to expand into two new lines of business.

We are delighted to present you issue 2, 2008 of the Swicorp newsletter - Inside Swicorp.

Mr. Kamel Lazaar, Chairman of the International Real Estate Investment and Development Conference at Cityscape Dubai, opened the conference addressing the positive trends the region continues to experience, despite the global downturn and urging people to become educated on how to manage a diversified real estate portfolio across the MENA region.

Swicorp announced it has extended its private equity portfolio of investments to aviation, by purchasing a strategic stake in Jordan Aviation ("JATE"), the leading aviation leasing company in the Middle East for an undisclosed sum. The purchase was made through Intaj Capital, Swicorp’s US$250 million private equity vehicle which focuses on sectors driven by growth in consumer demand within the MENA region.

Swicorp Joussour Company announced that it has acquired a strategic stake in RAK Ghani Glass LLC ("RAK Ghani") in a joint venture with RAK Investment Authority, JS Group and Ghani Glass Ltd.

Swicorp Joussour Company announced that it has taken a majority stake in Mosvold Middle East Jackup Ltd., a jackup drilling rig company. The company, which will be operated by Mosvold Shipping Holding Ltd., has contracts with Maritime Industrial Services (MIS) for the construction of two Super M2 F&G jackup rigs, which are under construction at the MIS fabrication base and shipyard in Sharjah, UAE, and an option to acquire two additional rigs. These rigs are ideally suited for drilling operations in the relatively shallow waters of the Persian Gulf.

Swicorp is set to participate the upcoming Atuge forum as a gold sponsor for the third year which will take place on July 24th at the Cité des Sciences, Tunis. The forum will provide Swicorp with the opportunity to recruit students from North Africa and Europe, as well as young professionals in the early stages of their careers.

Swicorp private equity will be uniting with Stepevi brand. Step aims to continue an average annual growth of 40% during the next 3-year period and grow their retail network to over 200 sales outlets by 2011. With the contribution of their new partnership with Swicorp, they plan to reach their goals together by focusing on their rapid growth and attracting the interest of foreign investors.

Knowledge Economic City Development Co. Ltd. (KEC) yesterday signed an agreement with NCB Capital and Swicorp. The signing ceremony that was held in the company’s headquarters in Jeddah was attended by the newly appointed Chairman of the Board, Mr. Ibrahim Bin Mohamad Al Issa and KEC board members. Also present from NCB Capital were Mr. Ahmed Farid, NCBC CEO and Mr. Hassan Al Jabri, Head of Financial Investments, as well as Mr. Fahad Siraj Malaikah, Swicorp’s Executive Director and Head of Capital Markets.

Swicorp (UAE) Limited, has received authorization from the DFSA (Dubai Financial Services Authority) as a financial advisory firm to operate from the Dubai International Financial Centre ("DIFC").

Swicorp Sponsors King Fahd University of Petroleum and Minerals' Annual Career Day. Swicorp was today actively recruiting the brightest Saudi graduates at the King Fahd University of Petroleum and Minerals (KFUPM) Career Day, where the firm is a silver sponsor. The annual event is being held from May 26 to 29 at the university’s campus in Dhahran.

The economic boom continues to be felt across the MENA region and is attracting significant investor interest from the international community using as a prime example the series of mega-city projects launched by Riyadh since 2005, spearheaded by King Abdullah Economic City for which Swicorp is acting as financial advisor, and which are collectively projected to require up to tens of billion dollars of investment.

We are delighted to present you issue 1, 2008 of the Swicorp newsletter - Inside Swicorp.

Creative Energy Resources (CER) will build, acquire, own and operate power generation, transmission and distribution facilities in the Middle East, North Africa, and South Asia (MENASA) region. The generation projects will be based on conventional, thermal, as well as renewable energy. CER intends to partner with key players in the region to develop these facilities and this announcement is in line with this strategy.

Swicorp Joussour, Chemical Development Company (CDC) and NorSun to Build Polysilicon Plant

Swicorp, the Saudi Arabian investment company managing $1.4 billion of private equity money, plans to open a new fund to international investors this year as it seeks to buy more stakes in retail, media and consumer-finance ventures.

We are happy to announce the release of Swicorp newsletter Issue 2.

Swicorp Joussour Company, a Saudi Joint Stock Company capitalized at SAR 2.67 billion (US$ 712 million) launched by Swicorp, announced that it has completed SAR 546 million (US$ 149 million) in transactions across the greater MENA region. In addition, the Swicorp Joussour Board of Directors recently approved three additional transactions to be executed in the coming months, totalling an additional SAR 768 million (US$ 209 million) The transactions are aligned with the Company’s focus on energy and energy-intensive industries that leverage the competitive advantages of the region.

Arabian Cement has successfully offered 10 million new shares at a price of SR 50 per share through a rights issue exercise combined with an additional issue of 10 million bonus shares to shareholders on record (ratio of 1 new share for every six shares held).

Swicorp Advises Nasser Al Mukairish and Partners Co. on partnership with SembCorp Marine to develop a ship building and repair yard in Yanbu.

Swicorp, manager of the Intaj Capital private equity fund, announced today that Intaj Packaging Limited, the regional packaging holding company founded by Intaj Capital in partnership with Maghreb Private Equity Fund II managed by Tuninvest, will now be called Altea Packaging.

Swicorp has acted as financial advisor to Savola Group's subsidiary, Afia International Company, in the 100% acquisition of Yudum Gida Sanayi, one of the largest Turkish edible oil companies, owned by NBK Capital - the investment arm of NBK.

Swicorp acts as financial advisor to Advanced Petroleum Services Limited ("APSL") in acquisition of 100% of shares of Petrolube from Saudi Aramco and Exxon Mobil.

November 10-14th : Swicorp attended the IPO summit in Riyadh, Saudi Arabia as the Silver Sponsor.
October 30-31st : Swicorp participated at The International Islamic Finance Forum held in Zurich, Switzerland.

Swicorp is proud to announces that Swicorp's team now numbers over 100 professionals following several recent arrivals across the group.

The Taameer transaction consists of Savola's acquisition of 5 % of the biggest listed Jordanian real estate company for a consideration of around US $ 33 million.

Swicorp is pleased to announce the appointment of a senior investment banker, Fahad Malaikah, to join its GCC Advisory team.

We are happy to announce the launch of the Swicorp newsletter.

Transaction helps Savola realise capital gain of over USD 200 million in less than 2 years.

The Private Equity International Middle East Handbook 2007 features an article written by Swicorp's Head of Private Equity, Nabil Triki, suggesting that: "Private Equity firms looking to close deals in the MENA region must learn how to cope with local market dynamics."

We continue to recognize that Swicorp’s success depends on the success of our clients and we would like to say a big thank you to our clients, business partners and friends for your invaluable contribution to making Swicorp what it is today.

Swicorp has been appointed as financial advisor to Emaar Economic City (EEC) on the development and management of the KAEC Port project and also the industrial component of KAEC.

Swicorp is pleased to announce the appointment of a senior investment banker, Mehdi Sethom, to join its GCC Advisory team.

In May 2007 Swicorp acted as Lead sponsor of the EMPEA - IFC 9th Global Private Equity Conference in Washington, DC.

Swicorp Intaj identified an opportunity for geographic consolidation and formed Altea Packaging.

Emerge Invest Targets Untapped Investment Opportunities in North Africa.

Swicorp and Pulsar Development create a regional player in real estate development with initial focus on Algeria.

Swicorp has acted as financial advisor to Western Bakeries: Al Marai adds a new dynamic company to its product portfolio.

Swicorp was invited by SAGIA (Saudi Arabian General Investment Authority) to be part of the Saudi delegation for the Middle East discussions at the World Economic Forum in Davos in January, 2007.