Arab National Bank maintains a position as one of the Kingdom of Saudi Arabia's leading project and structured financiers, having taken key roles in the majority of project financings that have been arranged in the Kingdom during the past decade.

Our intimate understanding of the local market, the potential opportunities that exist within it and its regulations, place us well as a partner to support the associated financing requirements of corporates and investors.

Through a dedicated and experienced team of people, we pride ourselves on our ability to promptly deliver innovative solutions to new and growing businesses, operating within key sectors of the Kingdom's economy, which include:

1 - The Power Sector

During the past two decades, Arab National Bank has been (and remains) one of the most active lenders to Saudi Electricity Company ("SEC") and its predecessors. Facilities arranged for the company include but are not limited to the following:

• (i) bilateral short-term working capital facilities;
• (ii) syndicated term loan facilities, supporting expansion programs in the areas of generation, transmission and distribution; and
• (iii) tailor-made project finance facilities, including innovative term financings that were structured on an Islamic basis to cater to the preferences of the project owners.

In addition to providing banking facilities to SEC, Arab National Bank provides a variety of facilities to contractors and sub-contractors, which perform works for SEC on both an ongoing and a contract-by-contract basis.

The Bank has played and will continue to play a leading role in the newly developed Independent Power Project ("IPP") sector in Saudi Arabia.

It was a co-lead arranger in the club of Banks, which financed the construction of the recently completed power and steam co-generation plant by Jubail Energy Company, for SADAF - Saudi Arabia's first ever IPP - while the Bank is also one of three mandated lead arrangers that underwrote the debt finance package for the construction of four power and steam generation plants by Tihama Power Generation Company for Saudi Aramco.

This extensive involvement in financing power projects has given Arab National Bank considerable expertise in the local power sector, which we consider companies wishing to maintain a presence in, or to penetrate this high-growth market will find invaluable.

2 - The Petrochemicals Sector

Recognizing the strategic importance of this sector in the Saudi economy Arab National Bank placed a major emphasis on building a very balanced portfolio of petrochemicals assets. Today, the Bank is regarded as one of the core relationship bankers to Saudi Basic Industries Corporation ("SABIC"), one of the largest petrochemicals producers globally.

The Bank has taken a role as Lead Arranger in the majority of the large transactions arranged for SABIC's affiliates, including:

• i) YANPET's US$2,212 million term loan (the largest petrochemicals project financing in history);
• ii) KEMYA's US$720 million project financing;
• iii) PETROKEMYA's US$600 million term loan;
• iv) IBN RUSHD's US$850 million project financing;
• v) Jubail United Petrochemical Company's US$1,154 million term loan; and
• vi) The €2,353 million acquisition finance, which supported SABIC's purchase of the petrochemical business of DSM NV.

Furthermore, Arab National Bank was one of the Lead Arrangers on the Kingdom's first private sector petrochemicals project financing - Saudi Chevron Phillips Company Ltd.

3 - The Aviation Sector

For many years Arab National Bank has been a key relationship banker to the Kingdom's national carrier (Saudi Arabian Airlines), while we are also an active provider of facilities to the aircraft maintenance sector.

Most recently, we were appointed as Mandated Lead Arranger and Facility Agent of a SAR1,800 million term loan facility, which will finance the purchase of fifteen Embraer aircraft and related expenditures.

4 - The Telecom Sector

Arab National Bank has acted as a Lead Arranger on all major facilities arranged for the telecom sector in Saudi Arabia. In particular, the Bank was a Lead Arranger on the two inaugural term facilities to Saudi Telecom Company ("STC").

In addition to providing financing to STC directly, Arab National Bank has taken a leading role and significant underwriting commitments in arranging a number of limited-recourse receivables purchase facilities for a number of STC's key international suppliers.

Having been actively involved in every major telecommunications financing which has been arranged in Saudi Arabia, Arab National Bank has developed an intimate knowledge of the business.

5 - The Oil and Gas Sector

Arab National Bank is also one of the most active Saudi banks in financing the oil and gas sector in Saudi. In addition to being an Arranger on the three jumbo, internationally syndicated loans to Saudi Aramco, the Bank is also active in financing the joint ventures operating in the areas of refining and contracting for oil / gas related works.

6 - The Contracting and Construction Sector

Arab National Bank has a longstanding history as one of leading banks in financing the construction/ contracting sector in Saudi Arabia. Main areas of focus have been in respect of infrastructure projects, power and water projects, telecom-related contracts and civil works contracts for both the public and private sectors.

Within the rapidly developing Saudi Arabian economy, we consider ourselves capable of meaningfully contributing to the requirements of corporates, investors and potential investors, who should feel free to contact our team whenever they consider it to be appropriate:

Contact:

Arab National Bank
Syndications & Corporate Finance
PO Box 56921
Riyadh 11564
Kingdom of Saudi Arabia
Telephone: 00 966 1 402 9000 Ext. 4604
Facsimile: 00 966 1 402 7535