Selected Private Equity Firms/ Funds in Jordanpkf.jo/pdf/PKF Jordan and Kurdistan - Selected Private...

PKF Jordan and Kurdistan

PKF ProGroup

PKF Khattab & Co. PKF Planning Tax Advisory

PKF Human Resource Consulting

Selected Private Equity

Firms/ Funds in Jordan

2014

PKF Jordan and PKF Kurdistan are a member firms of the PKF International Limited network of legally independent firms and does not accept any

responsibility or liability for the actions or inactions on the part of any other individual member firm or firms.

Accountants &

business advisers

Selected Private Equity Firms/ Funds in Jordan

P a g e | 2 PKF Jordan and PKF Kurdistan | Accountants & business advisers

About PKF Jordan and PKF Kurdistan

Full Name of Firm: PKF Jordan - Member Firm of PKF International Ltd.

Year of Establishment: 1990

Sales Tax Registration Number: 0160305

Contact Person: Mr. Mohammed Khattab

Address: P.O. Box 928575, Amman 11190, Jordan

Telephone Number: +962 6 5627129 Ext. 400

Fax Number: +962 6 5606344

Website: www.pkf.jo

E-mail: [email protected]

PKF Jordan and PKF Kurdistan, member firms of PKF International, are a regional, multidisciplinary business advisory firm with industry specific

services. PKF Jordan and PKF Kurdistan offer outstanding opportunities, by providing international standard based services, to dramatically

position its clients as pioneers in a rapidly growing business environment. PKF Jordan and PKF Kurdistan play a major role in business advisory

including Consultancy, Auditing, and Tax Services.

Areas of experience include Finance, Taxation, Market Research, Strategic Planning, Organizational

Development, Human Resource Development, Investment, Technology and Information Management,

Quality Management, and Socio-Economic Studies. PKF Jordan also initiates an added value component

where integration, consistency and reliability are effectively enforced. PKF Jordan high quality services help

its clients identify their business needs, improve, excel, cope with business fluctuations and accomplish

their anticipated goals.

PKF Jordan and PKF Kurdistan team approach enables operating as integrated cells exposed to diverse

industries. Words like creativity, innovation and flexibility generate great success within the firm's services

and culture, where PKF Jordan and PKF Kurdistan promise of quality, accuracy, speed, and value remain

applicable in all deliverables. Relying on PKF Jordan and PKF Kurdistan beliefs makes their caliber

professional. And experiencing PKF Jordan and PKF Kurdistan services makes clients distinguishable.

PKF Network Worldwide Around 50 years of experience

21,000 people

440 offices

125 countries

US$ 2.6 billion turnover

Top 10 assurance & advisory

firm worldwide

http://www.pkf.jo/

mailto:[email protected]



PKF Jordan and PKF Kurdistan services are designed to look after the best interest of the clients and protect their wealth. Our advisors thoroughly

investigate the organization’s business cycle to innovate the most rewarding solutions.

Our experience, expertise, methodology, commitment and partnership approach grant our clients an improved business performance. We provide

real solutions to real challenges resulting in customized advice and solutions provided to the various clients within their business specialties.

We aim to tailor our services to meet our clients' specific needs rather than to impose ready-made products on them.

What you can expect from us:

- Certified Professionalism - Clarity - Communication - Competency - Comprehension - Consistency - Courtesy - Credibility

OUR VISION:

To be number one preference for companies in their selection of professional advisors.

OUR MISSION:

To assist our valuable clients upgrade their business performance and efficiency and help them gain competitive advantage in order for their

business to succeed and excel.

OUR PHILOSOPHY:

Foresight, trust, responsiveness, commitment and technical excellence.

OUR EXPERTISE:

Our main functions revolve around providing Auditing and Assurance, Management Consulting, and Training Services to all those who need them.

PKF Jordan and PKF Kurdistan deliver high quality, independent information, and objective analysis to clients facing critical business decisions on

how to excel.



PKF Jordan and PKF Kurdistan deliver a full spectrum of services:

1. Assurance and Advisory

1.1. Statutory audit

1.2. Accounting services

1.3. Non-statutory audit

1.4. Sarbanes Oxley assurance

1.5. Compilation of financial statements

1.6. International accounting standards

1.7. Assurance engagement

1.8. Internal audit

1.9. Business risk services

2. Tax Consulting

2.1. Tax Planning and Tax Manual

2.2. Income Tax

2.3. Sales Tax

2.4. Withholding Tax

2.5. Employee’s Tax

3. Corporate Finance

3.1. Privatization and Build - Operate - Transfer (BOT)

services

3.2. Private placement memorandum

3.3. Business plans

3.4. Finding and securing finance from the most appropriate

sources (such as private equity firms)

3.5. Business valuations

3.6. Preparation of financial projections and financial cash flow

forecasts

3.7. Investment agent

3.8. Provide ongoing advice and support with flotation, mergers

and acquisitions, management buy-outs / buy-ins

and disposals

3.9. Due diligence

3.10. Advice on reorganizing and restructuring existing

businesses, commercial and tax considerations

and fundraising options

3.11. Feasibility studies

4. Financial Planning

4.1. Retirement planning

4.2. Savings and investments

4.3. Medical and life insurance

4.4. Business assurance

4.5. Property purchase

5. Forensic Accounting

5.1. Appraisal of financial losses resulting from fraud

5.2. Appraisal of damage resulting from prejudicial acts

5.3. Preparation of expert opinions and second opinions

5.4. Assisting solicitors in the financial aspects of cases

5.5. Intervention as arbitrators or mediators in dispute

resolution

6. IT Consultancy

6.1. Business process design

6.2. Disaster recovery planning

6.3. Managing Information Technology (IT) expenditure -

budgeting and control

6.4. Project management of business requirements

http://pkf.jo/En/Services.aspx?CategoryID=1








6.5. Packaged software / Enterprise Resources Planning

(ERP) selection and implementation

6.6. Information Technology (IT) security and crisis planning

6.7. Risk analysis and management

6.8. Information Technology (IT) policies and procedures

7. Management Consultancy

7.1. Strategic planning to achieve a sustainable competitive

advantage

7.2. Risk - measurement strategies, risk management plans

and crisis handling

7.3. Institutional assessment and upgrading plans

7.4. Reviewing business processes for efficiency, control and

effectiveness

7.5. Organizational restructuring

7.6. Competency-based human resources management and

development

7.7. Performance scorecards and indicators

7.8. Marketing and market communication plans

7.9. Market studies, research and surveys

7.10. Customer satisfaction programs development

7.11. Financial policies and procedures including procurement,

accounting, and budgeting

7.12. Corporate governance manuals

7.13. Costing systems

7.14. Internal audit manuals

7.15. Operations manuals 7.16. Quality management services

7.17. Monitoring ,evaluation, and impact assessment studies




Selected Private Equity Firms/ Funds

in Jordan



Private Equity Firms/ Funds Foursan Capital Partners

Sector(s): Oil & gas, Telecom, Energy, Financial services and Aviation sectors

Fund size: USD 200 Million

Website: http://www.4san.com/foursan-group-announces-launch-foursan-capital-partners

Brief: Description:

Foursan Group, a leading Middle Eastern private equity specialist, launched of its second fund, Foursan Capital Partners I (“FCP”), a multi-

country, multi-sector private equity fund targeting investments in accelerated growth companies in Jordan and surrounding countries in the Levant

and North Africa. FCP will had a first closing on January 1, 2010 with commitments of US$100 million and was targeting a final closing of USD200

million in 2010.

Accelerator Technology Holdings

Sector: Information Technology.

Fund size: N/A

Website: http://www.acceleratortech.com/

Brief: Description:

Accelerator was founded by Dr. Fawaz Zu’bi in Jordan in 2005. Backed by a diverse group of institutional and individual investors from around the

world, Accelerator was established with the aim of investing in technology in the Middle East. In doing so, Accelerator was one of the region’s first

institutional venture capital investors.

http://www.4san.com/foursan-group-announces-launch-foursan-capital-partners

http://www.acceleratortech.com/



Oasis 500

Sector(s): Information Technology (IT), Mobile and Digital Media.

Fund size: N/A

Website: http://www.oasis500.com/

Brief: Description:

Oasis500 is a leading early stage and seed investment company, the first of its kind in Jordan and the MENA region. Our program at Oasis500

includes entrepreneurship training, mentorship guidance, business incubation and additional follow-up investment and funding if required, turning

new business ideas into startups and helping existing entrepreneurs grow their companies with our angel investor and mentor networks. We

nurture creative ideas in Information Technology (IT), Mobile and Digital Media, transforming them into startup companies.

Riyada Enterprise Development

Sector(s): Information and Communication Technology, Consumer Media, Telecom, Healthcare, Education, Finance, Cleantech,

Entertainment, and Specialty Manufacturing.


Website: http://www.abraaj.com/news-and-insight/news/press-release-riyada-enterprise-development-500-million-sme-fund-

agrees-fir/

Brief: Description:

Riyada Enterprise Development is a venture capital firm specializing in investments in incubation, seed and start up, early venture, mid venture,

late venture, and growth stages in small and medium-sized enterprises (SMEs). The firm primarily invests in knowledge based industries with a

focus on information and communication technology, consumer media, telecommunication, healthcare, education, finance, cleantech,

entertainment, and specialty manufacturing (including agri-businesses and building materials). It provides advisory services and business

incubators services. The firm primarily seeks to invest in the Arab world, including the Middle East with a focus on Saudi Arabia, United Arab

Emirates, Kuwait, Bahrain, and Qatar; the Levant with a focus on Jordan and Lebanon; North Africa, focusing on Egypt and Tunisia; South Asia;

and with a secondary focus globally including Turkey and Pakistan. It prefers to make equity investments between $0.5 million to $20 million in

http://www.oasis500.com/





companies with a target enterprise value between $5 million to $2000 million, minimum sales value of $1 million, and a minimum EBITDA of

$500,000. The firm takes 20-50% equity stake i.e. influential enough as minority and, in some cases, majority stake in SMEs. Riyada Enterprise

Development was founded in 2005 and is based in Amman, Jordan with additional offices in Beirut, Lebanon; Cairo, Egypt; Al Bireh, Palestinian

Authority; and Dubai, United Arab Emirates. It operates as a subsidiary of Abraaj Capital..

Catalyst Private Equity

Sector(s): Energy and Water.

Fund size: N/A

Website: http://www.catalystpe.com/

Brief: Description:

Catalyst Private Equity is a regional Energy and Water sector product and technology focused private equity firm uniquely structured to have a

positive strategic and financial impact on the region.

iMENA Holdings

Sector(s): Online Media, E-Commerce, Gaming, Mobile, and Web Services

Fund size: N/A

Website: http://imena.com/

Brief: Description:

Founded in 2013, iMENA Holdings Ltd. aims to be the Middle East and North Africa’s largest integrated and actively managed group of consumer

online companies. iMENA Holdings captures the online consumer opportunity in the Middle East and North Africa (MENA) by using a distinctive

investor-operator approach. Our platform and methodology in value creation are synchronized to unlock the potential underlying the MENA

region’s large consumer populations, whose demand for efficient online services across various sectors remains mostly unaddressed. We invest

in, build, and partner with regional leaders in Online Media, E-Commerce, Gaming, Mobile, and Web Services.

http://www.catalystpe.com/

http://imena.com/



Other Investment Funds Social Security investment fund

Sector(s): Not Defined.

Fund size: USD 9 Billion

Website: http://www.ssif.gov.jo/

Brief: Description:

The Social Security Investment Fund ( previously known as Social Security Investment Unit) was established in 2002 to manage the investments

of Social Security Corporation (SSC) in a manner ensuring the increase of its financial resources. The Fund started its actual operations in early

2003 after the investment strategies governing its functions were endorsed.

With the issuance of the Social Security Act of 2010 , The Social Security Fund was the established as of 1/4/2010 to replace the Social Security

Investment Unit . The Fund has an administrative independence and shall invest Social Security funds..

Jordan Enterprise Development Corporation (JEDCO) - Governorate Development Fund

Sector(s): Manufacturing, Tourism, Telecom, Information Technology, Media, Health Care and Education (currently under review)

Fund size: EUR 150 Million

Website: http://www.jedco.gov.jo/

Brief: Description:

JEDCO under the Venture Capital Programme that was initiated in 2008 by the Government of Jordan and in cooperation with the European

Investment Bank (EIB) for the creation of two venture capital funds (the Early Stage EUR 5 million and the Capital for Growth Fund EUR 20

million).

http://www.ssif.gov.jo/

http://www.jedco.gov.jo/



JEDCO was mandated and instructed by the Government in July 2012 by decree number 617 to design the overall structure of the Governorate

Development Fund, to manage the day to day activities of the Fund “Fund Manager” and to be the Anchor Investor by representing the

Government interest.

In order to better respond to this mandate and to other donor-supported MSME development initiatives, JEDCO is in the process of reinforcing his

presence at local level, through the opening Business and Development Units in governorates. These offices will work in close coordination with

the local communities, municipalities, consulting counsels and other social and development agencies located in the governorates to identify the

potential projects based on the needs of the community and on the available human expertise, natural resources and governorates’ comparative

advantages.

As of May 2014, the Fund has approved investments in 71 projects located in different governorates and operating in different sectors with a total

financing of JOD 42.62 million and a total size of projects JOD 95.15 million.

The King Abdullah II Fund for Development (KAFD)

Sector(s): Human Capital Development, Entrepreneurship and Business Development, Infrastructure Development and Sectors Support.

Fund size: N/A

Website: http://www.kafd.jo/

Brief: Description:

The King Abdullah II Fund for Development (KAFD) was established by a royal decree in 2001 as a non-governmental organization. Its aim was to

support the Jordanian community by driving human and infrastructure development. KAFD works to further develop key sectors in Jordan and

improve local standards of living for all segments of the Jordanian community, targeting individuals, public and private sectors and civil society

organizations.

http://www.kafd.jo/



Al–Hajj Fund for Investment

Sector(s): Real Estate and Financial


Website: http://www.hajjfund.gov.jo/

Brief: Description:

Al–Hajj Fund was established as a saving investment institution working in line with the Islamic laws and regulations by accepting savings and

investments according to the Islamic ways of investment.

http://www.hajjfund.gov.jo/

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