2. Cross border M&A presents great challenges along with opportunity . . .

3. Four areas that are often overlooked but which are vital to the success of the transaction . . .

4. Culture . . . . . . both business and national

8. Overcoming the disadvantages of long distance acquisitions

9. . . . which are often longer than in the US Time horizons . . .

10. Local Economy Culture Long Distance Time Horizons

11. AM&AA Winter Conference Cross Border Mergers & Acquisitions David M. Lonsdale President &Managing Director

15. AM&AA Winter Conference Cross Border Mergers & Acquisitions David M. Lonsdale President &Managing Director

16. Cross Border M&A Panel January 2009 Orlando, Florida

17. Services Offered

18. Overview

19. Mission Statement

20. FINANCIAL TRANSACTION HOUSE GROUP FTH SAUDI ARABIA FTH EGYPT (under formation) FTH DUBAI (under formation)

21. Overview of GCC Economy Sharp fall in oil prices was unexpected; global slowdown has markedly reduced demand and OPEC has (and will likely) cut production in 2009

23. Selected Tombstones 2005 Advisory Valuation Manufacturing and Agricultural Industries 2005 Undisclosed Information Memorandum & Advisory Valuation Al Rajhi Chemical Industries USD 12.5 Million 2006 Al Banawi Industrial Group Private Placement Rights Issue 2005 $160,000,000 AlMawashi AlMukairish Co. 2007 Undisclosed Saudi Canadian Mining Service 2006 Undisclosed Private Placement & Advisory Valuation Madina Plastic Factory 2007 Undisclosed Private Placement Al Aton Steel Industry 2007 undisclosed Advisory Valuation & Information Memorandum Medina Industrial Investment Co 2005 Undisclosed Valuation & Private Placement Saudi Canadian Mining Service Gazan Agricultural Development Co SAR 375 Million 2006 Rights Issue SAR 150 Million 2006 Rights Issue Saudi Fisheries Co. SAR 648 Million 2007 Rights Issue Saudi Advance Industries Co. 2006 undisclosed Advisory Valuation Afrifco for Plastic Undisclosed 2006 Private Placement Ajwa Holding Co.

24. Selected Tombstones Consumer Goods and Retail Industries 2005 Undisclosed Advisory Valuation Hussen Gazzaz & Co SAR 57.5 Million 2006 Private Placement SAR 2005 Al- Sawani Group SAR 102 Million 2006 Private Placement SAR 2006 Al Raya Foodstuff Est

25. Jabal Omar Project Al Massarah Group “Taif Hotel Project” Selected Tombstones Real Estate 2005 Undisclosed Business Advisory Bayt Alarab SAR 500 Million 2006 2005 Private Placement Makka International Market 2007 Undisclosed Advisory Valuation Sawary Group 2007 Undisclosed Securitization Zad Investment Co (Sultan Mall) 2007 Undisclosed Advisory Valuation Zad Investment Co (Sultan Mall) Undisclosed 2005 Information Memorandum Undisclosed 2007 Information Memorandum

26. Selected Tombstones Investments Arabian Marketing services Co Information Memorandum & Advisory Valuation Reda Investment & Development Group $74,667,000 2005 Global Investment Hose Zad Investment Co Union Franco Arabe D’Assurance Information Memorandum 2005 Undisclosed Capital Restructuring SAR 150 Million 2005 Information Memorandum Undisclosed 2006 Information Memorandum (Sell Side) Undisclosed 2007 General Advisory 2007 Undisclosed Turnaround/Restructuring Anaam Holding Group 2008 $294.000,000 Anaam International Holding Group

27. Selected Tombstones Health Care Services $17,580,000 2005 Private Placement (Sale to Strategic Investors) Magrabi Hospitals & Centers

28. Selected Tombstones Other Businesses and Industries Information Memorandum $160,000,000 2005 Jamal Abdullah Mohammad Ali Al Babbagh 2006 ECU- Hold NV OJAJ Company for Magnesium Al-Mataf Newspaper Wael F. Jamjoom Canadian Coffee Rakan H. Al Harthy Dove Project Advance Source Est Taxi Project Saddik & Mohamed Attar Co Belgium SAR 80 Million 2007 Advisory Valuation (Sell Side) Al Madina Press Advisory Valuation $19,067,000 2005 Advisory Valuation $ 40,000,000 SAR 648 Million 2005 Advisory Valuation & Information memorandum SAR 375 Million 2005 Advisory Valuation (Buy Side) USD 12.5 Million 2005 Information Memorandum Undisclosed 2005 Privet Placement Undisclosed 2007 General Advisory Undisclosed 2006 Information Memorandum Undisclosed 2007 General Advisory 2005 Undisclosed Advisory Valuation Holicibel 2007 Undisclosed Information Memorandum National Experimental Establishment (Mutawaffy HujjajSouth Asian Countries)

29. Selected Tombstones Merger Deals United Saudi Commercial Bank and Saudi Cairo Bank Business Valuation and Merger Advisory Al Magrabi Group Business Valuation and Merger Advisory Undisclosed 2000 Business Valuation and Merger Advisory Saudi American Bank and United Saudi Bank 2006 Undisclosed Business Valuation & Merger and Acquisition Dalah Hajj Transport Co