T +965 1844 000 +965 2295 5700 F +965 2241 4270 E info@dimah.com.kw P.O Box: 2152 Safat, Kuwait www.dimah.com.kw Khaled Bin Al Waleed St Al Dhow Tower, Floor 26-27
Contents. Dimah Capital. Our Mission. What We Believe In. Corporate Strategy. Investment Philosophy. Investment Products & Services. Investment Process. Global Screening System. Investment Banking. Real Estate. Client Relationship Management. System Structure. Risk Management. Corporate Governance, Compliance and Anti-Money Laundering. Dimah Capital Team 04 06 07 08 09 10 11 12 14 15 16 17 18 20 21, 22, 23 3
Dimah Capital Established with a strong capital base in 2007, Dimah Capital entered the market with a powerful presence. The company possesses the strength to sustain regional and international financial challenges and is proud of its team of financial experts, technology structure and impeccable track record. These strengths all make Dimah Capital a competitive force among Sharia compliant investment banking and wealth management corporations, allowing it to offer its clients a diversified range of Sharia compliant investment solutions.
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Our Mission We aim to satisfy the strong personal and institutional demand from wealthy individuals, family offices, institutions and communities in the Middle East and the rest of the world. We pride ourselves by abiding to global professional business practices and ethics, as well as by upholding high standards of quality through a corporate environment that encourages creativity while offering financial products and services that are in compliance with Islamic finance regulations.
What We Believe In Believing is not enough, we are comitted to operating as successful managers who are focused, specialized and dedicated. At Dimah Capital, we also pride ourselves on high-quality research and analysis, allied with good judgment; which, in our opinion, is the key to success. We believe that best results are delivered by small teams of managers who are focused, empowered, incentivized and accountable. 7
Corporate Strategy Dimah Capital is focused on delivering sustainable value-added performance in selected areas of the global market, while producing outstanding results over a long-term period for our clients and shareholders. Our vision is to invest exclusively on behalf of our clients, managing money where we are confident of delivering superior investment results, while adhering to the highest professional standards and corporate governance.
Investment Philosophy At Dimah Capital, our investment philosophy circles around identifying undervalued investment opportunities across different asset classes. Valuation anomalies will be identified to provide capital appreciation, allowing our investment managers to construct a diverse portfolio with particular importance attached to active management of the principal risk parameter, and a concentration or risk control through maintaining a multi-strategy approach. Our investments will generate superior, low-volatility, absolute returns, while simultaneously maintaining its strategic diversity. 9
Investment Products & Services Asset Management At Dimah Capital, our fund management is run by a small team of professional investment managers, who have between them a wealth of experience in the local, regional and global financial markets. Our prime investment products & services are: Wealth Management Equity Funds (local, regional & global) Sukuk Funds Balanced Funds Portfolio Management (discretionary and non) Cash Management
Investment Process Our investment process is based on a Top Down macro approach, which involves a sector rotation strategy. Once the top to bottom analysis has been applied, the opportunity set then goes through a bottom-up screening process. This process paves the way for dynamic allocations for investments in areas of the market that have momentum while avoiding segments that, at certain times may be lackluster. Application of the process undergoes a disciplined manner, a process that starts from market analysis, passing through a risk management and compliance framework, and ending at the Investment Committee for final approval. At Dimah Capital, our team of investment managers looks for undervalued assets on relative and absolute terms, while continuously checking and focusing on better investment opportunities. We analyze fundamentals to identify the best performance, while determining major risk factors that can arise at any given time. Moreover, optimal entry strategy with the requisite risk profile is identified, while considering the impact on overall portfolio diversification. When clear investment objectives and targeted returns are set and the strategy is executed, we continue monitoring to assess remaining upside potential and to anticipate potential deterioration of each strategy. Profits are taken when the strategy has generated targeted levels of return and where further upside is considered by the managing financial expert. Global Macro Analysis Sector Analysis > Economic Figures Analysis > Regional Outlook > Global Themes and Trend Analysis > Political Implications > Strategy Opportunity (Viability) > Sector Outlook > Identifying Dislocations > Sector Valuations > Directionality Portfolio Construction > Portfolio Construction > Regional Allocation > Concentration Asset Allocation > Screening > Simulation > Stress Testing > Optimal Target Allocation and Maximized Probability of Positive Returns > Volatility Considerations > Compliance Approval 11
Global Screening System Universe Goal Screening Global Research Conviction List. Progmatic Additions To Universe. Large Companies. Global Stock Screens. Fundamental Cross- Border. Best Stock Ideas With positive Catalysts. Smaller Stocks of High Investment Interest. GEM Stocks Global Screening (40,000 Stocks) Investment Universe Post Quant Screening Universe (100 Stocks) Ranked within Global Sectors (500 Stocks) Final Portfolio (50 Stocks) Screens 40,000 listed companies around the world Identifies 14,000 Sharia compliant listed companies Portfolio & fund purification services Islamic benchmarking Compliance accuracy Real-time compliance status of companies
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Investment Banking Corporate Finance Our services involve identifying, analyzing and advising on transactions, and providing valuations that help companies to benefit from any planned deals. Corporate Finance Services includes: Structured/ Leveraged Financing Private Equity Mergers, Acquisitions & Takeovers Valuations Projects Advisory Joint Ventures/ Alliances Disposals IPO s We have a strong technical team and our Corporate Finance practice can help solve complex problems that may threaten a company s value. Working alongside lenders, stakeholders and all levels of management, our professionals are able to plan and deliver restructuring actions that can provide real improvements to the cash flow, profit & loss and balance sheet. Our restructuring professionals can provide an opportunity for underperforming businesses to establish and implement a process to develop strategic, operational and financial change. The aim is to turn around the performance of a business and to help generate outstanding and lasting value for the stakeholders. We can work either in an executive or advisory capacity. Together the team has in-depth experience across a range of sectors and geographies, and an understanding of the challenges involved in delivering complex, cross-border restructuring and insolvency.
Real Estate The Real Estate Investment Division at Dimah specializes in Shari ah compliant real estate investments in Kuwait, GCC, Europe and the US, and is focused on protecting and enhancing our clients wealth. Its mission is to provide investors with stable returns at lower risk level. The division s philosophy is driven by a systematic framework of economic and real estate market analysis, creative idea generation and active asset management to unlock and create value. The division executes real estate investment and development transactions, co-investing alongside our investors in the equity, mezzanine or senior finance components of the transaction. The division seeks to build long term partnerships with investors and institutional intermediaries, based on alignment of interests, complete discretion, establishment of trust, exemplary client service and delivering results. The senior team works directly with investors, providing insight, experience and expertise to managing assets. The Division has closed around USD 130m of Shari ah compliant real estate transactions with Gulf investors over the last year. 15
Client Relationship Management Dimah s professional team of relationship managers adhere to a client-focused approach in managing and growing the relationship by providing the following: Identification and satisfaction of clients stated and unstated needs and wants. Access to an array of customized investment solutions that suit the needs of high net worth individuals and institutions. Providing clients with timely investment reporting and personalized service.
System Structure Dimah Capital employs the most up-to-date system structure for investment portfolio management, performance measurement and reporting software. This technology delivers a powerful, scalable, and cost-effective investment tracking and client-reporting system. BURGAN PFMS, Portfolio & Fund Management System: Portfolio & Fund Management Real Estate Management Fx Management Total Client Privacy & Security Client Reporting Portfolio & Fund Analysis Geographic Allocation 17
Risk Management Risk Management is an integrated function within all departments and processes that works to support the overall corporate strategy. Risk Management department has the following responsibilities: Continuous overall assessment of Dimah Capital Portfolio analysis using risk based approach including systematic limit monitoring Regular identification of financial and non-financial risks End to end departmental process risk assessment Maintenance of strong internal control by continuous checks and balances Bringing the company to operational best practices and risk management and control systems Building risk aware culture through workshops / knowledge transfer sessions with Business units Work with Management and Business units to mitigate high risks measured by potential reputational and financial impacts Maintenance of control over functional processes through Risk Control matrices to both monitor identified risk and manage them out
Risk Identification Identifying exisiting and potential risks that might face the firm Risk Assessment Assessing the likelihood/impact of each identified risk Risk Mitigation and Monitoring Building risk mitigation action plan and defining monitoring mechanism Risk Quantification Quantifiying Risk using advanced Financial Matric tools Risk Reporting Regular monitoring to risk and audit committee members, senior management and regulators 19
Corporate Governance, Compliance and Anti-Money Laundering Compliance with international standards of corporate governance and anti-money laundering regulations is everyone s responsibility at Dimah Capital. Compliance and Anti-Money Laundering has the following responsibilities: Continuous monitoring of compliance with current rules and regulations Provide awareness to the board of directors, senior management, and employees of corporate governance best practices. Identify potential areas of compliance vulnerability and coordinate with risk management to mitigate these risks. Keep board of directors and senior management aware of the regulatory changes occurring in our environment. Ensure transparency to shareholders, stakeholders, and clients. Maintain an effective AML programme