Let’s fly high

Let’s fly high

ova-holding.com

OVA is an investment house, part of OVA Holding, built on consistent, rigorous, value-oriented approach across its three main lines of busi-ness: private equity, direct invest-ments, and joint ventures.

Who We Are

Backed by a strong Board under the leadership of Dr. Abdulrahman Al Ansari, an Investment Committee, and an Advisory Board, OVA is aimed at being one of the largest alternative investment managers in Africa

It is powered by a team of time-tested professionals with sector and local expertise, capable of identifying, and evaluating opportu-nities with the capacity to deploy effective risk management methods that lead to favorable returns

OVA is aimed at developing a lasting partnership, grounded in trust, transparency, and perform- ance, with its clients, investors, network of relationships, and the regulatory bodies throughout the different African countries

This is paramount in our approach to deliver highest and sustainable returns

OVA guarantees transparency before, during and after capital deployment, giving reassurance and clarity to the process

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ABOUT US

Numerous factors such as political stability, environmental, social and governance (ESG) as well as the importance of the hundreds of billions of dollars of FDI poured in African countries, and the emergence of private equity firms and venture capital as a powerful alternative source of funding to the high interest rates offered by local banks, have made Africa the undisputable place to invest in.

Our Story

The UAE has paved the way for its investors to take a position in Africa. With an overall investment of USD 649M between 2015 and early 2019, mainly driven by great corporations such as Etisalat and DP World.

These factors have fueled the building of a highly calibrated team, to gather their synergies through their respective pedigree of sophis-

ticated bankers and investors, deep- ly rooted in Africa business culture and politics to launch OVA (One Vision Africa) with the objective to be one of the key players in the African Investment ecosystem.

ONE AFRICA VISION, COMPETITIVE RETURNS

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ABOUT US

To serve as a first choice and a trusted partner, acting as facilitator and executing decisions on behalf of its various classes of individual or institutional investors who have an appetite for emerging markets in Africa

To embrace complexity and build a diversified and sustainable investment portfolio and hold fast to our commitment, complying with effec-tive social responsibilities towards the employ-ees, the firm we invest in, empowering the whole value chain of society

To invest in opportunities, solely or through strategic partnerships, to build a diversified investment portfolio, creating value beyond capital provision

Our Mission

At OVA we invest in opportunities that have an economic and social impact in Africa’s development while delivering the highest returns to all of our shareholders, investors, employ-ees, and environment. This commitment is bolstered by our business values through its six ethical principles:

INTEGRITYEvolving with honesty and rect- itude in all actions and commu-nications, as individuals and as a corporation.

RESPONSIBILITYComplying with regulatory rules, wherever we are, is part of our DNA. To achieve this, we have implemented, at the up-front of all our activities, international standards of best practices.

INNOVATIONTaking on innovation to align our business model, services, and methodologies with the range of disruptive societal trends and technologies and meet our clients and partners expectations.

ACCOUNTABILITY Assuming individual and firm’s accountability towards all the stakeholders is mandatory and is part of OVA’s philosophy.

COMMITMENT TO EXCELLENCESetting standards and exhaust-ing all possible means to reach a goal, ensuring nothing but the best of all outcomes.

PARTNERSHIPEnsuring that our investments will be coordinated with our partners in a win-win spirit and following our strict business philo- sophy.

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To be the leading driving force in investing in Africa through a unique value proposition and a collaborative platform focused on recurrent long-term returns, excellence in execution, and undisputable ethics

Our Vision Our Values

ABOUT US

DR. ABDULRAHMAN AL ANSARIGROUP CEO and Founder of OVA Holding

Dr. Al Ansari is recognized as a financial innovator and entrepreneur consistently capable of creating new ideas and solutions. He has over two decades of affluent experience in diverse areas, including investment banking, private equity, family offices and asset management with a focus in financial institutions, energy, real estate, healthcare and aviation.

He is the founder and group CEO of One Vision Africa Holding (OVA Holding) and CEO of Apollonia Capital Advisors till the date has managed funds of USD 10 billion AUM for members of the GCC royal family and has successfully closed USD 20 billion in M&A transactions globally.

Previously, he was the CEO of Fairfax Middle East and FCS Group, both fully-fledged investment banks in DIFC. He was also a global alliance partner of Morgan Stanley in the MENA region through Bid Capital. He held senior executive positions in Dubai Islamic Bank, Standard Chartered Bank and Mashreq Bank.

Dr. Abdulrahman was also the Group CEO for the Maktoum family office. He still frequently advises distinguished Royal Family members in the GCC.

He holds a Doctorate in Business Administration from IAU with his thesis pertaining to Islamic Banking and MBA from Stern School of Business in NYU.

At OVA we have built integrated and inclusive teams with deep vertical expertise in all the areas that are subject to our investment strategy and scope.

Our Team

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ABOUT US

MR. MUBARAK FARAHManaging Partner and Co-Founder of OVA Holding

Mr. Mubarak’s family are involved in the commodifies and the natural resource industry, with a focus on midstream and downstream in the oil sector.

With the HQ being in Cyprus, he was able to use that as a competitive advantage with his contacts in Middle East and West Africa.

Through his extensive network, Mr. Mubarak was able to secure tolling contracts with government refineries for their crude, and that allowed him to develop and grow his relationships in West Africa, which led to the family business expanding into mining and trading of commodities, mainly in gold.

MR. ABDULMALIK ATIKU ABUBAKARManaging Partner and Co-Founder of OVA Holding

Mr. Abdulmalik has previous experience in the commodities sector, having worked at the second largest shipping line in the world, the Mediterranean Shipping Company (MSC) for a while. His family was formerly majority owners of Intels Nigeria, formerly the largest company providing integrated logistics services for the Nigerian oil and gas industry, lending him vast experience in that sector.

Mr. Abdulmalik serves as a board member and shareholder of PRIAM Group, a company which has interests in banking, agriculture, telecommunications, medicine and more, exposing him to a wide variety of sectors. His father, being the former Vice President of Nigeria has helped him leverage his Africa-wide network and form solid relationships with multiple foreign dignitaries.

Mr. Abdulmalik also has experience in raising capital for both political and financial causes, helping his father fund election campaigns. He also serves as the founder and CEO of a charity focusing on orphans under the age of 18 within Nigeria.

DR. MOHAMED GOUALI Chief Investment Officer

Dr. Mohamed has more than 20 years of experience in Dubai, Riyadh, New York, London, and Paris, helping corporations, governments entities, family offices, HNWI, financial institutions, in the GCC, USA, EU, Africa, and Asia to design and implement Growth and Diversification strategies, Investment strategy, M&A, Restructuring, and Capital markets.

He originated, and executed transactions and assignments that totalize more than thirty billion dollars.

Currently, he is Chief Investment Officer at “OVA” (One Vision Africa), an Investment House, located in Dubai, and which exclusive focus is Africa, through Direct investments, Private equity, and JV.

Prior to his current tenure, Dr. Mohamed successfully built his career at senior level positions as the Managing Director and Head of the Investment Banking branches at Al Mal Capital in Dubai (and its subsidiary in Riyadh), and at Al Rajhi Capital in Riyadh (KSA) where he built from scratch the M&A, Private Equity, and Restructuring businesses.

He relocated to the GCC area after almost ten (10) years with Smith Barney Bank and its spin-off YSIM as Managing Director in New York City.

He was previously Partner and Head of the ICE practice with KPMG Consulting in Paris and London, and was awarded “Best Partner” for over exceeding his objectives, for two years in the row.

Dr. Mohamed has authored the best-seller book: `Mergers and Acquisitions: the 3 rules of success”. Ed: Eyrolles, Paris, in addition to dozens of articles in economy, finance, technology, and telecoms.

Dr. Mohamed is a graduate from Harvard Business School (Boston, USA), HEC School of Management (Paris), and holds a PhD in Physics, majored in Signal Processing, summa cum laude, from Paris Sud University (France).

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ABOUT US

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MR. KHALID AL ALIHead of Strategy and Business Development

Mr. Khalid Al Ali is a graduate of the distinguished Mohammed Bin Rashid School of Government program which is aimed at the perpetration and enhancement of Leaders of Tomorrow.

He is a veteran banker with over twenty years’ experience in the financial industry. His experience runs across different segments including Consumer, Wholesale and Private Banking. He has worked with several reputed banks in the UAE including HSBC, Standard Chartered Bank, Emirates NBD and Ajman Bank.

In addition to his banking career, Khalid has also held several roles with the Dubai International Financial Center (DIFC) including the Director of Client Relations and Director Registry Services.

MR. KASHIF THAKKURAdvisory Board Member

Mr. Thakkur is a seasoned financial industry professional with a track record of successfully achieving business growth objectives in various markets, within start-ups, large portfolios and transformational environments.

As a strategic planner with over 22 years of experience in putting together and implementing business strategy to enhance market penetration, sales volume and growth, his career spans around multinational organizations like ABN AMRO Bank, Citibank, Credit Agricole etc. and has held C-Level positions in the region for the last 7 years.

He holds an MBA in marketing and a post graduate diploma in computer sciences. Experienced in wide array of fintech, payments and banking solutions with a passion for digitization. Certified Fintech and Blockchain professional with rigorous and in-depth experience of designing and implementing various financial solutions to achieve organizational objectives for growth.

MR. IHAB ELKHALILIManaging Director and Co-Founder of OVA Advanced Technology

Mr. Ihab has a track record in delivering business transformation and operational efficiencies that are financially sustainable in the long term, consistently provided thought-provoking advisory to maintain growth and success with each client.

He is a managing director with more than 23 years of experience in Technology driven Commercial Operations Management generating multi million dollars of revenue across several verticals of the Wireless industry value chain and Adjacent Verticals. He turned around struggling teams and subsidiaries and lead cross functional teams locally and globally in EMEA and SEA regions. His career spanned the industry value chain upstream at Semiconductors & Adjacent Verticals with Qualcomm, mid-stream at Telecom Operators (Vodafone Egypt, Vodafone Group in Germany, and du – UAE), and downstream in Distribution with 20:20 Mobile Group.

Mr. Ihab is currently serving as a member of advisory board and consulting a number of companies operating in financial advisory, eLearning & immersive training solutions, Digital Transformation, Artificial Intelligence, Military Grade Cybersecurity, Anti-Drone and RF systems, and Wireless Telecommunications Technologies. Serving as member of the Advisory Board of SEED Group, IT-Corner Emirates, RPM Consultancy, Vanguard INT, and Grey Advisory.

Prior to joining OVA Advanced Technologies, he was the managing director of MEDEA Consultancy - a boutique business strategy & technology advisory. Prior to that and for 10 years, he served as Head of Business Strategy and Operations at Qualcomm a Fortune 500 company managing the regional business operations to ensure business growth in EMEA & SEA through planning, directing and managing the performance of marketing, program management, and sales operations activities to ensure these are delivered in accordance with the organizational strategy.

Mr. Ihab holds a bachelor’s degree in Industrial Engineering from The American University in Cairo. He has also completed additional studies, courses, certifications from top corporates and institutes.

ABOUT US

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MR. SATISH GOPINATHANManaging Director and Co-Founder of OVA Education

Mr. Satish is a result-oriented leader with a proven record of accomplishment in education sector in the area of business development, consulting, client relationship management and product strategy. In the last 23 years of managerial experience, Mr. Satish has worked with governmental, regional and international organisations and has gained significant expertise in business cluster development, sales channel operations, market-entry strategies and education organisation development & consulting. During his tenure as the Director of Dubai International Academic City and Dubai Knowledge Park, he was instrumental in establishing 28 international university branch campuses and more than 450 Human Capital services organisations.

Mr. Satish has been a member of Al Najah Education and Regulus Capital management team for the last 8 years and as the head of business development, was responsible for idea conception, creation and successful operation of schools, pre-schools and continuing education institutions. He currently serves on the Al Najah Education’s board of directors and has a Masters in Marketing and HR from Xavier Labour Relations Institute in India.

ABOUT US

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OVA Holding believes that investing in Africa is a solid business opportunity and is a potentially sustainable corp- orate strategy for any invest- ment firm.

Africa, according to the report by the UN, had the highest rate of return after initial investment. Compared to 9.1% in Asia, 8.9% in Latin America and the Caribbean, Africa’s 11.4% on inflows of Foreign Direct Investment between 2006 and 2011 tops the global figure placing only at 7.1%.

In addition, recent survey from “The African Private Equity and Venture Capital Association” shows that 76% of the investors are willing to increase their investments over the next three years.

Why Africa?Macroeconomic policies, social infrastructure, political institu-tions, and a dynamic demogra-phy with a growing youthful pop-ulation amidst an ageing popula-tion in other regions, make this statement tangible, and support the delivery of Africa potential to investors.

In addition, the ongoing homog-enization of regulatory rules enabled by the launch of the “African Continental Free Trade Agreement” (ACFTA) signed by more than forty countries com-mitted to, among others, liberal-ize trade in services, remove non-tariff barriers over the next future, and allow international remittance and payments, as well as the regional integration of economies, all these factors have increased Africa’s attrac-tiveness to OVA.

A new generation of African leaders, aware of Africa’s large deposits of natural resources is making the case of attracting FDIs and building strategic part-nerships with sophisticated investors such as OVA to gradu-ally transform the African econo-mies by offsetting the gap in infrastructure, education, health-care, advanced technologies, and fintech, and turn them to a promised land of prosperity.

These fundamentals, backed by our knowledge and expertise in Africa’s economic terrain and our direct access to a strong network of investors who share the same interest, perspectives and investment appetite make our investment objectives more plausible to achieve.

Viewing the future, Africa offers one of the highest and brightest economic growth prospects according to IMF.

WHAT WE DO

Our Business

We leverage our capabilities through four-pronged investment streams that combine our ability to make investments of strategic importance, invest in profitable transactions, and invest solely or through partnerships as co-investor, or even by building Joint Ventures with local players when appropriate.

All our investments comply with a prudent investor rule which emphasizes on the fact that OVA shall exercise the judgement and

care under the circumstances then prevail-ing, not with speculation or a hype.

The main objective of any investment should consist on preserving the entirety of principal and seek to maximize the return.

In either case, OVA will adopt a more hands-on approach to provide insights and oversee investments in order to maximize its returns.

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At OVA, we have designed a distinctive value proposition, in terms of advisory, funding, and alliances, adequate with the specific issues that are subject the local firms.

WHAT WE DO

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SPECIAL SITUATIONS Distressed assets

Debt restructuring

Settlement Agreement

DIRECT INVESTMENTS Strategic investor: oversee the strategy, its implementation, and the hiring of management

Business diversification: avoid systemic risks by pondering our investments within a single industry value chain, and focusing in uncor-related sectors

Financial and operations synergies

Healthy recurrent cash-flows and terminal values

Understandable risks to mitigating them through effective management

PRIVATE EQUITY Strategy and scope of investments: cross-in-dustries established firms, or mid-cap players, that looks to scale up

Diverges from the conventional, blind pool of funds

Deals are structured as separate SPVs

Investments will be cross-borders oriented and across industries

JOINT VENTURE Strategic and Operational partnerships that will be a mutually exclusive and collectively exhaustive interface in the targeted business

Operations optimization will be executed under our control and responsibility

We anticipate any strategic growth opportunity to capture its value and turn it into profitable investment

WHAT WE DO

Why OVA?At OVA Holding, we hold a strong track record of how to identify potentially valu-able targets, implement strict investment process, mitigate risks, and make successful exits.

As niche experts we are able to anticipate changes and execute appropriate initiatives to secure high returns, against the local benchmarks.

OVA Holdings guarantees transparency before, during and after capital deployment, with each deal treated as separate SPV, giving reassurance and clarity as per our estab- lished procedures.

Our Approach

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GOAL SETTING A clear roadmap of short and long- term investment goals thoroughly and effectively generating higher returns while minimizing risks

Gauging needs for capital security, a straightforward investment time horizon, and tailored investing object- ives

FULL RISK DISCLOSURE Transparent and simplified invest-ment procedures and regulations

Full intimation of known risks and intricacies of the investments

Availability of company-specific port- folio and market risk analysis

DIVERSIFICATION Risk mitigation strategies and hedg-ing mechanisms

Focus on proven viable investment opportunities

Employing diversification strate-gies to ensure rewards outweigh risks

WHAT WE DO

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PRODUCTS &SERVICES

SPECIAL SITUATIONWe help distressed firms by first advising them how to restructure their debt, by shaping a new strate-gic business plan, and negotiate with their creditors settlement agree-ment that will help the business to revamp

DIRECT INVESTMENTSWe target those firms within attrac-tive sectors and countries to take a stake that allows us to have a seat in the Board and contribute to define the corporate strategy of the firm, and name their senior leaders

PRIVATE EQUITYWe will enter as key shareholder in those firms that have a performant track record in terms of EBITDA over the last three or five years, and in a growing market that fits with our criteria

JOINT VENTUREWhen we target an important market for which we have the appro-priate skills, and experience but with high entry barriers that could under-mine our balance sheet, we build strategic partnerships and Joint Ventures with firms with comple-mentary resources and same bus- iness values and objectives through a win-win and sustainable collabora-tion

SECTORS

EDUCATIONBy the next decades, Africa will have the largest working-age population in the world. Through the continent governments and citizens are eager to have their youth educated and skilled which makes Education a very attractive market by its size and its growth rate.

ADVANCED TECHNOLOGIESAdvanced technologies such as Artificial Intelli-gence, Cloud and Edge computing, Electronics & Communications Systems, Surveillance & Counter Intelligence Systems, Cyber Security, Cyber Warfare, Internet Connectivity, Drones, Robotics, Blockchain, Mobile Computing, IoT, Automotive, Smart Homes, Smart Cities, Healthcare, Wearables, and Waste Recycling and Conversion are enjoying a rapid adoption in the continent as they have a substantial impact on the development and growth of other industries.

FINTECHSupporting the fintech firms to access to funding will foster innovation and implementation of new services such as mobile money, contactless payments, QR code technologies, local and international money transfers and payments.

These services in addition to the emerging block-chain-based trading platforms are the future of highly profitable segments.

FINANCIAL INSTITUTIONSHistorically, this sector in Africa struggled to access funding and capital, and only 23% of firms reported using banks to finance their investment in 2017.

The alternative are the Private Equity firms (and Venture Capital) with 1022 deals between 2013-2018 and a total value of $25.7bn reported transactions.

OVA aims at entering this game and providing not only funds but also expertise, and guidance.

AGRITECHDespite 60% of the world’s uncultivated arable land in Africa, the continent is only responsible for 10% of the world’s agricultural produce.

This paradox provides opportunity to invest in farms and agro-processing which have an immense poten-tial of production over the next decades, thanks also to the productivity enabled by mobile connectivity.

NATURAL RESOURCES AND COMMODITIESAfrica has what the whole developed world is demanding to ensure its economic growth: oil, gas, gold, diamonds, platinum, manganese, copper, and other raw materials. Investing in such projects is profitable and will allow the African countries to leverage these investments to boost their future long term economic growth and prosperity and be an efficient market maker.

INFRASTRUCTUREAfrican governments are aware that the poor infrastructure – roads, rail systems, clean water, etc in their countries is likely one of the main reasons that explains their weak economic and social devel-opment.

Contribute to filling the gap in infrastructure, in accordance to each country’s needs, through JV or partnerships will unleash the dynamic of growth, and is one of the key objectives of OVA.

ENERGYOil, gas, renewable energy, solar-home systems leveraging mobile technologies, services, and power space are at the forefront of the panel of solutions for economic development, diversification and job creation in Africa. The potential of profitable growth and returns is attractive wherever in the value chain we need to play.

HEALTHCAREHealth care system in Africa is facing insufficient resources, namely personnel, equipment, data sys- tems, and inequality in healthcare access.

Investment shall be characterized by inclusive trans-formation, effective delivery, and prioritizing areas such as diagnostic services, pharmaceuticals, and health care facilities, to reach the goal of having health systems more resilient and equitable.

OVA will focus on those sectors that provide a high quality of assets and that respond to its shareholders, and investors’ expectations while contributing to reduce the gap in all the targeted sectors thanks to a substantial range of strategic partnerships.

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Office 903, 9th Floor, Park Palace Tower,Sheikh Zayed Road, Dubai, UAE.

T : +971 4 123 4567E : [email protected] ova-holding.com

DISCLAIMER

OVA Holding (“the Company”) presents this document containing a set of future-oriented information, projected figures and financial outlook, collectively known as “forward-looking statements”. They serve the purpose of educating potential partners and investors about the Company’s investment philosophy and the pillars that support its fund’s mandates. It also contains the Company’s beliefs and opinions about the financial landscape on which the Company’s business growth strategy and vision are founded. These forward-looking statements may present known or unknown risks and are published as part of reasonable assumptions and estimates that may drastically diverge from actual results.

Due to the evolving nature of the world market, these statements do not guarantee future performance, nor do they serve as the primary reference for investment evaluation. This document is by no means a contract, nor does it constitute the full execution of the Company’s development strategy. The Company holds no responsibility for future circumstances implied by the statements herein. The readers of the document are highly encouraged to consult their wealth managers and perform their due diligence.