INVESTMENT BANKING ASSET AND PORTFOLIO MANAGEMENT REGIONAL BROKERAGE AND ADVISORY PRIVATE EQUITY FINANCE EQUITY STORY “SOLID GROUNDS FOR SOLID GROWTH”

INVESTMENT BANKING

ASSET AND PORTFOLIO MANAGEMENT

REGIONAL BROKERAGE AND ADVISORY

PRIVATE EQUITY

FINANCE

EQUITY STORY

“SOLID GROUNDS FOR SOLID GROWTH”

DFM Roadshow, London, 21-22 May 2008

INVESTMENT BANKINGASSET AND PORTFOLIO MANAGEMENTREGIONAL BROKERAGE AND ADVISORYPRIVATE EQUITYFINANCE

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SHUAA CAPITAL – AT THE VANGUARD OF REGIONAL INTEGRATION

Investment company focused on principal

investments

Transformation into fully integrated financial services

institutionMaintain leadership position in

UAE and expand regionally

1979-1998 1999-2005 Since 2005

SUBSIDIARIES & ASSOCIATES GROUP SUPPORT FUNCTIONS RESEARCH

REGIONAL PRESENCEDubai Abu Dhabi

DIFC

Riyadh Cairo Doha Beirut Istanbul

Corporate


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SOLID GROWTH – CONSOLIDATED FINANCIALS

FINANCIAL HIGHLIGHTS FY 2007/08

Change y-o-y

Operating IncomeAED710.8

m+83%

thereof Fee & Commission Income

AED429.7 m

+60%

Net ProfitAED400.5

m+53%

EPS (undiluted) AED0.782 +57%BVPS (undiluted) AED5.65 139%Headcount 339 +46%

Cost/Income Ratio 30.05% +37%ROAE 17.00% -4%Gearing 36.15% -35%Debt/Equity Ratio 57.56% -55%Market Capitalization

AED4.0 b +71%

53.0%83.3%


SOLID GROWTH MOMENTUM CONTINUES

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CAGR52%

CAGR52%


SOLID GROWTH - CONSOLIDATED FINANCIALS

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DIVERSIFIED INCOME PORTFOLIO

Principal Investments

157.6 +1002.8%

Private Equity 47.5 +183.8%

Asset Management

167.2 +636.0%

Investment Banking

98.7 +196.3%

Brokerage 130.6 +94.8%

Finance 53.9 +62.8%

Corporate 55.1 -72.5%


SHAREHOLDER STRUCTURE

Following the DBG convertible bond

conversion on 31 October 2008,

125million additional share will be

available to foreign shareholders.

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STOCK DATA

FACTS & FIGURESYear end share price: AED7.25Increase y-o-y 71%Current Share Price: AED8.1452 week range: AED4.17– 8.82Avg. daily trading value: AED7,5

millionAvg. Daily trading vol.: 1.2 million

sharesShares outstanding: 550,000,000Par Value: AED1Foreign ownership limit: 49%

Total Trading Value 9M 07/08: AED1.9 billionTotal Shares traded 9M 07/08: 300 million

Bloomberg: SHUAA.DBReuters: SHUA.DUDubai Financial Market SHUU.DU

SHARE PRICE DEVELOPMENT

INVESTMENT BANKING



PRIVATE EQUITY

FINANCE

BUSINESS LINE HIGHLIGHTS


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STRUCTURE

PRINCIPAL INVESTMENTS

COMPETITIVE EDGEEvaluating principal investments since 1979 “Endowment” approachSpecialist investment team Partnerships with regional product specialists provide proprietary deal flow

VALUE DRIVERSIndo-Gulf CorridorMarket inefficienciesIntegration of GCC in global financial marketsInterlink between GCC, China and IndiaDirect and co-investment opportunities

Principal Investments(ca. $860 million)

StrategicInvestments

ca. $130 million

PortfolioInvestments

ca. $560 million

HeritageInvestments*

ca. $167 million

Al Kout Industria

l

Taghleef Industrie

s

Porta Egypt

49%

49%

23%

20%

47%

2.5%

India Special Situations /

India Arbitrageca. $80 millionFixed

Incomeca. $36 million

SC Multi Strategy Portfolioca.$450 million

*Principal Investments is a sole LP – SHUAA Partners manages the investments


PRINCIPAL INVESTMENTS

HIGHLIGHTS Superior return of 31% on Multi Strategy Portfolio as of 31 March 2008Profitable standalone proprietary businessTaghleef Industries now global number one in BOPP packaging films – US$500m business

PIPELINE/TARGET2 Product launches within 1H2007/08 that will allow co-investment in our portfolioTarget IRR 15%

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1002%

3289%


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INVESTMENT BANKING

SELECTED TRANSACTIONS UAE, GCC & GLOBAL IPO LEAGUE TABLE

Lead ManagerRan

k GCC

Market Share

US$ Total

Rank UAE

Market Share

RankGlob

al

Market Share

Samba Financial Group

1 31% 3,654

SHUAA Capital

2 24%2,80

41

100%

18 0.6%

Merrill Lynch 3 10% 1,240Deutsche Bank 4 10% 1,240Millennium Finance 5 10% 1,240

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15Rank


INVESTMENT BANKING

COMPETITIVE EDGEHigh quality IPOs with strong aftermarketUnparalleled insight into investor appetite and behaviorSuccessful execution breeds IPO pipelineStrong relationships & market knowledgeTotal SHUAA-managed IPOs represent 13% of total market cap on DFM and 51 % of total trading volume (as of 31 March 2008)

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196.3%

395.3%


SHUAA ASSET MANAGEMENT

COMPETITIVE EDGELongest regional track record (since 2001)6 GATEWAY funds span Arab and GCC markets1 Fixed Income Fund13 discretionary portfolios Conventional & Shariah compliant productsBest Islamic MENA Equity Fund 2007Headcount: 35 professionals

VALUE DRIVERS

Management + Performance FeesInternational Asset Managers seeking access to regional marketsStrong fundamentalsMacroeconomic trends

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ARAB GATEWAY FUNDFY 2007/08


SHUAA ASSET MANAGEMENT

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636.0%

1297.5%

118.8%


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SHUAA PARTNERS

COMPETITIVE EDGEExcellent network for deal sourcing (since1979)Clear focus on GCCLongest track recordProprietary deal flowUAE passport enables access to GCC opportunities

VALUE DRIVERSRegional Factors - GCC integrationEconomic reform & liberalizationProprietary deal flow & deal environment

SIGNATURE INVESTMENTS


SHUAA PARTNERS

HIGHLIGHTS SHUAA Partners Fund I (US$200mn)

– Closed– 2 exits: Petrofac and Damas– IRR of 47% on exited investments

Frontier Opportunities Fund I (US$100mn)

– Closed– 1 Investment

• Syriatel

SHUAA Hospitality Fund I (US$200mn)– US$50 million invested by SHUAA and

Rotana– First Closing scheduled for 1H 2008/09

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183.8%

504%


SHUAA SECURITIES

COMPETITIVE EDGEThrough Orion deal SHUAA Securities is largest equities brokerage in GCC and Arab worldSHUAA Securities offers access to 12 GCC and Arab markets through one single platform

VALUE DRIVERSIntegration of regional brokersMarket recovery & evolving “equity culture”Regional expansion (KSA & Qatar)Strong international investor appetite

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SHUAA SECURITIES

HIGHLIGHTS SHUAA Securities maintains leading position in UAE institutional salesMarket recovery results in growthOver 600 HNWI and institutional clients65% professional investors

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94.8%

125.5%

311%


GULF FINANCE

HIGHLIGHTSAsset based lending on the rise due to construction and tourism boomGulf Finance Corporation has produced 10 years of continuous growth Clear focus on United Arab Emirates

VALUE DRIVERSGULF FINANCE has the same UAE licenseas Amlak and TamweelRecently increased its capital to US$ 55 millionGrowing populationFavourable demographics

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62.8%

82.9%


CORPORATE

HIGHLIGHTS SHUAA Capital Saudi Arabia commenced operations and has had a strong startAcquisition of 20% stake in Orion Holding and controlling stakes in 5 regional brokersSignificant investments in attracting, retaining and training Human CapitalHolding corporate investments for best possible exit scenarioJoint Venture with Orascom and Rotana through private equity divisionSHUAA Asset Management applied for DIFC licenseContinued to invest in strengthening financial brand and value

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73%

666%


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SHUAA RESEARCH

COMPETITIVE EDGE

Historical financial information on over 800 listed companies across MENA region

Publications– Prime equity coverage on 73% of

market capitalization in the UAE and 45% in KSA

– GCC daily equities briefs– Quarterly earnings updates– Regular market reports– Specific industry and thematic reports– Monthly Stock Pick Monitor– Yearly “UAE and KSA Vision” outlook

report

Proprietary Index Family with 12 regional and sector indices

Macroeconomic Research

Data Provider for Dow Jones Indexes

Company Reports Daily Equities Brief

Comprehensive and In-depth Research Coverage on Regional Companies


HUMAN RESOURCES

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Chief Executive Officer

Deputy CEO

SHUAA Securities

SHUAA Asset Management

Investment Banking

Investment Banking

Research

Principal Investments

CAGR37%

Avg.8.3

Years

Finance


STRATEGIC PRIORITIES

Further promote GCC as an asset class and destination of capital

Obtain, maintain or retain leadership position in each business line

Mirror UAE success story in KSA, Qatar and other Arab Markets

Focus relentlessly on high-growth, high-margin business

Enhance client relationships with value-enhancing solutions, on-ground presence and suite of best-in-class products and services

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SHORT-TERM OUTLOOK

Corporate will continue to fuel the machine through additional support services, organic growth, further acquisitions and strategic alliances

Principal Investments will enhance its “endowment” approach to investing and will allow third-parties investors to buy into portfolio investments

Assets under Management will rise due to inflow of capital from international institutional investors – with increasing emphasis on Asian investors

Brokerage will continue to benefit from increased trading activity from both local and international investors – both retail and institutional

Investment Banking pipeline scheduled to deliver in second half of 2008

Private Equity will mark first closing of new Hospitality Fund I in first half of 2008

Finance will grow its UAE footprint and product portfolio

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INVESTMENT BANKING



PRIVATE EQUITY

FINANCE

FINANCIAL HIGHLIGHTS


RECORD ASSETS UNDER MANAGEMENT

POSITIONING PAYING OFF

Highest ever clients assets under management/custody is a result of:

– Targeted expansion strategy – Product and services offering– Extremely well positioned to

benefit from macroeconomic trends, market developments and industry outlook

– Credibility and trust– Financial brand value– High calibre talent– Consistency in what we do

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DIVERSIFIED INCOME PORTFOLIO AND BALANCE SHEET

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BALANCE SHEET

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CONTACT INFORMATION

OLIVER SCHUTZMANNHead of Investor Relations

SHUAA CAPITAL pscThe Gate, West Wing, Level 2Dubai International Financial CenterP.O. Box 31045, Dubai - UAET +971 4 3651 872F +971 4 3303 550M +971 [email protected]

INVESTMENT BANKING



PRIVATE EQUITY

FINANCE

THANK YOU

Documents

INVESTMENT BANKING ASSET AND PORTFOLIO MANAGEMENT REGIONAL BROKERAGE AND ADVISORY PRIVATE EQUITY FINANCE EQUITY STORY “SOLID GROUNDS FOR SOLID GROWTH”