On May 17 th, 2006, the Capital Market Authority (CMA) of the Kingdom of Saudi Arabia approved the license application of Bank Audi sal to launch Audi Saudi Arabia to provide a complete range of investment services.

BUSINESS ROLE
The new entity, h eadquartered in Riyadh, offers Saudi corporate and individual clients premium Corporate Finance, Wealth Management, Asset Management, Brokerage and Private Equity services, matching best international practices with a regional perspective. It intends to capitalise on the regionalisation trend, whilst focusing on shareholders’ value, improving regulation, consolidation, diversification and increasing liquidity characterising Saudi markets:

• The Corporate Finance section of Audi Saudi Arabia consists of two main practices:
  - Financial Advisory (M&A, restructuring advisory services)
  - Underwriting (arranging public and private debt and equity offering).
• The Wealth Management division mainly offers wealth management (custom made advice on investments depending on clients’ risk profile and goals) and sales services (improving the Group’s placement power by developing a customer base and a broker network for channelling the Group’s products).
• Asset Management comprises a structuring and management practice focusing on public debt, equity regional funds, private equity, venture capital funds, and offering tailored portfolio management to accommodate clients’ particular needs.
• The Brokerage consists of delivering premium brokerage services to high net-worth individuals, and ensuring the proper execution of transactions related to funds under management.
• The Private Equity division focuses on creating and sourcing transactions from the Saudi market and regional markets. Its role is to create value in the companies it invests in, benefiting from potential synergies, improvement in management, and restructuring of operations.

GOVERNANCE
Audi Saudi Arabia is a joint venture between Audi Saradar Group (70%, among which 10% are set aside for an employee stock ownership program) and Saudi shareholders (30%), and is incorporated as a closed joint stock company.

• Mr. Abdallah Ibrahim Al-Hobayb
• Abdulrahman Saad Al-Rashed and Sons
• Al-Faisaliah Group
• Al-Muhaidib Holding
• Mr. Khaled Al-Juffali.

Its Board of Directors is constituted of:

• Mr. Abdallah Ibrahim Al-Hobayb
• H.R.H. Prince Mohamad Bin Khaled Al-Faisal
• Dr. Freddie Baz
• Dr. Marwan Ghandour
• Mr. Samir Hanna
• Mr. Sulaiman Al-Muhaidib
• Mr. Abdallah Saade

BUSINESS MODEL
Audi Saudi Arabia, together with Audi Saradar Investment Bank, Lebanon Invest and any future subsidiary offering investment banking activities, will form the Investment Banking group within Audi Saradar Group.
Audi Saudi Arabia is a subsidiary of Bank Audi sal - Audi Saradar Group, a leading Lebanese financial institution offering commercial, retail, private and investment banking activities, as well as real estate and consulting services. Audi Saradar Group has an active presence in Lebanon, Syria, Jordan, Saudi Arabia, Egypt, Sudan, France, and Switzerland.
The success of Audi Saudi Arabia’s business model and implementation strategies is contingent on leveraging the intrinsic competitive advantages Audi Saudi Arabia will have as a member of Audi Saradar Group. These include: a highly qualified intellectual capital, a connected shareholder base, the Group’s regional network and reputation, an advanced performance pay scheme, and a balanced approach to business. In compliance with the Group’s human resources policy, Audi Saudi Arabia will seek to acquire the best available human resources in the Kingdom, and devise an extensive training program aiming at developing local skills to be at par with the best international standards.

Audi Saudi Arabia launched its activities in Fall 2006 and abides by the Group’s core corporate values that have long made its reputation in the region, namely quality, heritage, human capital, civic role, innovation and transparency.

AUDI SAUDI ARABIA ADDRESS:

Centria Bldg., 3rd Floor, Olaya Road, Riyadh.
P.O. Box: 250744 - Riyadh 11391 KSA
Tel: (966-1) 219 9300. Fax: (966-1) 462 7942
Website: http://www.audisaudiarabia.com
E-mail: contactus@audisaudiarabia.com