Shareholders

Promoters

Arabian Capital Holding Company ("ACH") is a Kuwaiti Shareholding Company incorporated in accordance with the Kuwaiti Commercial Companies law, Decree No.15 of 1960, as amended and regulated by the Ministry of Commerce & Industry. ACH Capital is KD 10 million and the founder is Mr. Abdulaziz Mubarak Al-Hassawi.

Arabian Capital Investment & Finance Company (K.S.C.C) is an Islamic Investment Company incorporated in accordance with the Commercial Companies Law No. 15 of 1960 and the amended laws thereto supervised under the Central Bank of Kuwait with a paid up capital of Kuwaiti Dinars 16.7 million ($60 million).

New Shareholders

Muthanna Investment Company was incorporated on March 17th, 1999 as an investment company carrying on business in accordance with the Noble Islamic Shari’a. The Company’s roots extend back to 1977 when its Parent, Kuwait Finance House (KFH), was established as the first Islamic financial institution in Kuwait. With the intention to be its investment arm, KFH established Muthanna to obtain a foothold in the international markets. Through the unique teaming and packaging of the know-how and experiences of its Board of Directors and Executive Management, Muthanna Investment has consistently exceeded both internal as well as market expectations and is currently positioned as a major investment maker and developer in the region.

Bahrain Islamic Bank (BlsB) was established in 1979 as the first Islamic commercial bank in the Kingdom of Bahrain. The Bank has been maintaining its leading position in the Islamic banking sector through the adoption of innovative Islamic investment and financing products, supported by superior retail and corporate banking services The bank is listed on the Bahrain Stock Exchange. The major shareholders are leading local and regional financial institutions. The bank operates under supervision and the regulatory framework of the Central Bank of Bahrain. The Bank, with 12 local branches, has established the largest network of branches among Islamic banks in the Kingdom. These branches offer quality banking services, financing and investment opportunities compliant with Shari’a guidelines and requirements for individual and corporate customers.

Al Nakheel United Real Estate Company aspires to become the leading real estate company in developing distinctive real estate projects by utilizing its human and financial resources in a smart and strategic manner. The company was established in April 2001 as a private shareholding company to carry out business in accordance with the Noble Islamic Shari’a. Like Muthanna, the Company’s roots extend back to 1977 when its parent Kuwait Finance House (KFH), established the entity with the intention to be its real estate arm in the international markets. The company manages property auctions and organizes real estate exhibitions, technical and economical feasibility studies, providing consultancy for property development related projects and providing client representative services for large projects owned by others.