Press Release
BELTONE FINANCIAL HOSTS ITS THIRD ANNUAL MENA INVESTMENT CONFERENCE IN NEW YORK
NEW YORK, USA, May 24, 2010 -
Beltone Financial, the fastest growing investment bank in the Middle East & North Africa (MENA), kicks off its Third Annual MENA Investment Conference in New York to provide U.S. institutional investors with a comprehensive update on investment opportunities and regulatory reform in the region.
In contrast to the global financial turbulence, the MENA region offers a diversified economy, conservative banking practices, regulatory reform and unprecedented consumer demand-driven by a young population-positioning it for strong and sustainable economic expansion. "No other region in the world offers such opportunity for growth," Aladdin Saba, CEO of Beltone Financial, Saba said. "The fundamentals across the region offer highly diversified and attractive opportunities for investment in many sectors," Mr. Saba added.
For this year's conference, Beltone Financial arranged, over the course of two days, a series of investor meeting with U.S. investors who manage more that US$1 trillion. In addition to several government officials and exchange executives, other dignitaries are participating in the conference. They include:
Beltone Financial
1. Aly El Tahry, Chairman
2. Aladdin Saba, CEO
3. Hazem Barakat, Chairman, Beltone Private Equity
4. Angus Blair, Head of Research
Egypt:
1. GB Auto: Raouf Ghabbour, Chief Executive Officer
2. Oriental Weavers: Farida Khamis, Vice President Corporate Finance
3. Citadel Capital: Hisham El Khazindar, Managing Director and Co-Founder
4. CIB (Commercial International Bank): Hussein Abaza, General Manager, Senior Credit Officer
5. NSGB (National Société Générale Bank): Mohamed El Dib, Chairman and Chief Executive Officer
6. El Sewedy: Ahmed El Homosani, Investor Relations Director
7. Lecico: Taher Gargour, Deputy CEO
8. SODIC (Six of October Developmet and Investment): Maher Maksoud, CEO
9. MNHD (Madinet Nasr Housing & Development): Hisham Akram, CEO
10. Ezz Steel: Hassan Nouh, General Manager
11. ODH (Orascom Development Holding): Amr Sheta, Vice Chairman and Co-Chief Executive Officer
12. ERC (Egyptian Resorts Company): Mohamed Kamel, Chief Executive Officer
13. REMCO: Ayoub Adly Ayoub, Chairman
14. Olympic Group: Ahmed El Bakry, Chairman and CEO
15. Arab Cotton Ginning Company: Dr. Hani Olama, ChairmanBeltone Financial
Qatar:
1. Vodafone Qatar: John Tombleson, Chief Financial Officer
2. QNB (Qatar National Bank): Ramzi Mari, General Manager and CFO
3. Qtel(Qatar telecom): Richard Seney, COO
UAE:
1. Emirates NBD (National Bank of Dubai): Ben Franz - Marwick, Head of Investor Relations
2. First Gulf Bank: Karim Karoui, Head of Business Planning and Financial Control
3. Agthia: Ilias Assimakopoulos, Chief Executive Officer
KSA:
1. STC (Saudi Telecommunications CO.): Khalid AlGhurair, General Manager Financial Planning and Budgeting/Head of Investor relations Unit
2. Jarir Marketing Co.: Muhammad Al Agil, CEO of Jarir Investment and Chairman of Jarir Group
Across the MENA region, around US$ 800 billion of investments are currently planned in energy, water, healthcare, transportation, housing, banking, education and more. Altogether these diverse investments will raise the quality of the region's infrastructure to new levels and offer significant opportunities for the private sector. For example, the MENA region's power generation capacity will have to double, requiring an investment of around US$140 billion. In addition, planned spending on water in the region totals US $46 billion. At the same time, consumer spending and demand for housing continue to climb.
*Note: All inquiries, questions or interests must be directed at a Beltone Enclave representative, a FINRA registered B/D.