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Investing in the Middle East

General Member Meeting

Tuesday, June 22, 2010
6:00 to 8:00 pm

The Princeton Club
New York City

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A Panel Discussion on
Investing in the Middle East
Presented by ABANA and The Princeton Club Investment Strategies Group

Tuesday, June 22
6:00 pm to 8:00 pm

The Princeton Club
15 West 43rd Street
(Between 5th and 6th Avenues)
New York, NY 10036

Speakers included:
Edward Burton, President, U.S.-Saudi Arabian Business Council
Laura Osman, Senior Managing Director, Concord International Investments Group
Mahmoud Salem, Managing Director, BNY Mellon
Samer Solh, Managing Director, Amwal Asset Management

Moderated by:
Dilip Massand, Partner, McLaughlin & Stern, LLP

Event details and speaker profiles and presentations are available below.

Event Description:
While the world’s focus has been on the emerging economies of the BRIC’s countries—Brazil,  Russia, India, and China—as the favored destination for investors and businesses seeking to explore new markets, this panel of esteemed speakers addressed investment opportunities in Saudi Arabia, the Gulf Cooperation Council and Egypt. This engaging panel highlighted the fact that not only is the Middle East a strategically important market but, given its population and demographics, it is an equally attractive destination for those seeking healthy returns on investment and new business frontiers.

Speaker Profiles:
Edward Burton, President, U.S.-Saudi Arabian Business Council (Click here to view Mr. Burton's presentation)
Edward Burton was appointed President and Managing Director of the U.S.-Saudi Arabian Business Council in March 2006. In his position, he works with the public and private sectors to promote the interests of the U.S.-Saudi Arabian business relationship. The U.S.-Saudi Arabian Business Council was established in December 1993 to improve the mutual knowledge and understanding between the private sectors of the United States and Saudi Arabia, and to promote trade and investment between the two countries. The Council’s activities include trade missions, conferences and seminars, and high-level networking events. The Council also publishes documents including A Business Guide to Saudi Arabia, a bi-monthly newsletter, the U.S.-Saudi Business Brief, and specialized industrial sector reports. These activities are now focused on highlighting the more than $1 Trillion in Saudi earmarked projects and market opportunities in Saudi Arabia over the next 20 years.

Dilip Massand, Partner, McLaughlin & Stern
Dilip Massand is a partner at McLaughlin & Stern, LLP, where he concentrates on the firm’s Emerging Markets practice with an emphasis on cross-border transaction between the U.S., Middle East and South Asia.

Laura Osman, Senior Managing Director, Concord International Investments Group
Laura Osman is a Senior Managing Director of Concord International Investments Group, LP.  She is also the portfolio manager of the Concord Group’s international Egyptian public equity funds and is a member of its various Investment Committees. In addition to managing the Nile Growth Company, she manages Egypt’s first closed-ended offshore fund, the Egypt Investment Company Limited, Egypt’s first open-ended country fund, the Egyptian Growth Investment Company Limited, Egypt’s only European Undertaking for Collective Investments (UCITS) fund, the Concord Egypt Fund as well as the Concord Egyptian Growth Fund for Humint, which was developed exclusively for Japanese investors.

Mahmoud Salem, Managing Director, BNY Mellon
Mahmoud Salem is a Managing Director in BNY Mellon’s Financial Market sector. As the New York-based Depositary Receipts Middle East regional manager, he is responsible for developing and managing global issuer services in the region. Mahmoud has helped numerous governments, companies and financial institutions structure and execute IPOs, secondary offerings, mergers and acquisitions and other corporate transactions involving depositary receipts. Mahmoud structured the first depositary receipts program for the following countries: Kuwait, Qatar, Oman, Jordan, Tunisia and UAE. He also has worked on a number of key NYSE and NASDAQ listings for foreign issuers from Europe and South Africa. Furthermore, he helped structure some of the largest cross-border acquisitions in the Middle East region.

Samer Solh, Managing Director, Amwal Asset Management (Click here to view Mr. Solh's presentation)
Samer Solh is a Managing Director of Amwal Asset Management, a unit of Doha, Qatar-based Amwal Q.S.C. Mr. Solh oversees alternative investment strategies and investment advisory covering the Middle East, North Africa and Turkey. Prior to joining Amwal in 2009, Samer spent a 14-year career with Citigroup in New York where his most recent position was portfolio manager with the Global Special Situations Group. He also held roles with Citi Alternative Investments and investment banking. Samer holds an MBA degree from the MIT Sloan School of Management and undergraduate and graduate engineering degrees from Cornell University. He speaks French and Arabic fluently.