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Diversified Financial Services
swicorp.com

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Investments

7

Portfolio Exits

2

Funds

4

Partners & Customers

1

About Swicorp

Swicorp is a private financial services group providing solutions in the spheres of investment banking, private equity and asset management in the Middle East and North Africa.

Swicorp Headquarters Location

Kingdom Tower 49th Floor King Fahd Road

Riyadh, 11451,

Saudi Arabia

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Latest Swicorp News

Acciona, Swicorp complete assembly of 186MW solar plants in Egypt

Feb 27, 2019

X Acciona’s subsidiary Acciona Energía and Enara Bahrain Spv Wll, a renewable energy platform of Swicorp have announced the completion of assembly of three solar plants in Egypt with total capacity of 186MW. Image: Acciona’s Solar plant at Benban complex in Egypt. Subscribe to our email newsletter Acciona and Swicorp will equally own the solar projects and they represent an investment of $180m. The solar projects will be located in the Benban complex set up by the Egyptian Government in the Aswan region. The first plant is expected to begin commercial operations in a few days’ time and the remaining two will begin their operations in the next few weeks. The solar plants in Benban come under the feed-in tariff system established by the Egyptian Administration in call for tender Round 2 published in October 2016. They are expected to generate enough clean electricity which could be supplied to around 150,000 Egyptian homes, while avoiding nearly 297,000 tonnes of CO2 annually, had the energy been generated from conventional fuel-oil power plants. Acciona chairman and CEO José Manuel Entrecanales said: “It is the first renewables project under our ownership in Egypt, a country that has set itself ambitious objectives in the development of renewable energies. This Beban PV complex –in which our three plants are included- is a great example of it as it will supply energy to more than ten million people. “We are satisfied at having completed the assembly of the plants, and doing it with our partner Swicorp, with whom we have had a fantastic experience. We are working together on other renewable initiatives in Africa and the Middle East.” Electricity from the solar plants will be supplied to the Egyptian Electricity Transmission Company (EETC) under a long-term PPA contract for 25 years, governed by the conditions set in Round 2. International Finance Corporation (IFC) and Asian Infrastructure Investment Bank (AIIB) have agreed to provide finance for this project. Swicorp chairman Kamel Lazaar said: “There has been a tremendous synergy with ACCIONA, with all its technical know-how and its knowledge of the international market, and our knowledge of the local market and financial engineering, so it worked very well for both parties.” Acciona said that the solar plants cover an area of about 2.88km2 and are powered by 572,322 Astronergy’s polycrystalline silicon photovoltaic modules have been installed on horizontal axis trackers produced by STI Norland. Construction work has taken place for over eleven months, where more than 1,000 people were employed. Last month, the company announced the completion of the Kathu Solar Park in South Africa, a concentrated solar power (CSP) plant with 100MW of capacity. The plant uses molten salt storage system, which can provide up to 5 hours of power, even when the sun is down. Related

Swicorp Investments

7 Investments

Swicorp has made 7 investments. Their latest investment was in Mumzworld as part of their Series B on February 2, 2018.

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Swicorp Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/7/2018

Series B

Mumzworld

Yes

2

5/16/2017

Series B

Subscribe to see more

$99M

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10

10/23/2015

Growth Equity

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$99M

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10

10/13/2008

Growth Equity

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$99M

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10

9/8/2008

Growth Equity

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$99M

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10

Date

2/7/2018

5/16/2017

10/23/2015

10/13/2008

9/8/2008

Round

Series B

Series B

Growth Equity

Growth Equity

Growth Equity

Company

Mumzworld

Subscribe to see more

Subscribe to see more

Subscribe to see more

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Amount

$99M

$99M

$99M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Subscribe to see more

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Co-Investors

Sources

2

10

10

10

10

Swicorp Portfolio Exits

2 Portfolio Exits

Swicorp has 2 portfolio exits. Their latest portfolio exit was Mumzworld on June 28, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/28/2021

Corporate Majority

$99M

11

10/3/2016

Spinoff / Spinout

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$99M

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10

Date

6/28/2021

10/3/2016

Exit

Corporate Majority

Spinoff / Spinout

Companies

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Valuation

$99M

$99M

Acquirer

Subscribe to see more

Sources

11

10

Swicorp Acquisitions

1 Acquisition

Swicorp acquired 1 company. Their latest acquisition was Sharq on June 30, 2007.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/30/2007

$99M

Leveraged Buyout

1

Date

6/30/2007

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Leveraged Buyout

Sources

1

Swicorp Fund History

4 Fund Histories

Swicorp has 4 funds, including Intaj Capital II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/30/2012

Intaj Capital II

Expansions & Growth

Closed

$89M

1

9/30/2007

Swicorp Joussour Company Fund

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$99M

10

9/1/2007

Intaj Capital

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$99M

10

12/31/2005

Swicorp Emerge Invest

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$99M

10

Closing Date

9/30/2012

9/30/2007

9/1/2007

12/31/2005

Fund

Intaj Capital II

Swicorp Joussour Company Fund

Intaj Capital

Swicorp Emerge Invest

Fund Type

Expansions & Growth

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Subscribe to see more

Subscribe to see more

Status

Closed

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Subscribe to see more

Subscribe to see more

Amount

$89M

$99M

$99M

$99M

Sources

1

10

10

10

Swicorp Partners & Customers

1 Partners and customers

Swicorp has 1 strategic partners and customers. Swicorp recently partnered with Acciona on October 10, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

10/17/2017

Partner

Spain

Acciona partners with Swicorp to build three solar plants in Egypt totalling 150MW

Swicorp executive director and ENARA renewable energy platform head Rabeaa Fattal said : `` We are happy to see our partnership with Acciona materialize through these projects .

2

Date

10/17/2017

Type

Partner

Business Partner

Country

Spain

News Snippet

Acciona partners with Swicorp to build three solar plants in Egypt totalling 150MW

Swicorp executive director and ENARA renewable energy platform head Rabeaa Fattal said : `` We are happy to see our partnership with Acciona materialize through these projects .

Sources

2

Swicorp Team

7 Team Members

Swicorp has 7 team members, including current Chief Executive Officer, Kamel Lazaar.

Name

Work History

Title

Status

Kamel Lazaar

Chief Executive Officer

Current

Daniel Schenker

Chief Financial Officer

Current

Faysal Hamza

Managing Director

Current

David Rey

Managing Director

Current

Simon Rowe

Managing Director

Current

Name

Kamel Lazaar

Daniel Schenker

Faysal Hamza

David Rey

Simon Rowe

Work History

Title

Chief Executive Officer

Chief Financial Officer

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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