About Us. Overview: Founder:

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1 Company Profile

2 About Us Overview: Newbury is an independent Kuwait based advisory firm which focuses on Debt Capital Markets to mid-sized companies and providing infrastructure support to SMEs. Together with its sister company in Bahrain we provide coverage cross the GCC. Newbury Was founded in 2014, by Mr. Issam Al Tawari on the premise that clients would be best served by professional advisory firm free of the conflicts of interest inherent to large, multi-product financial institutions. We believe that by maintaining the highest standards of excellence we could create a firm unlike any other in terms of capabilities to advice on highly complex strategic transactions, dedication to our client and our experience and professionalism. Our affiliate PBK Advisory is a growing firm in Kuwait providing accounting bookkeeping, internal audit and business consulting services to SMEs. Our identity reflects our set of values we believe in and work upon. We also take pride in our affiliation with Precision Bookkeeping, Atlanta and Tally Accountant, UK where we are an independent member with the later. Whether you are just starting your own business or an established company, we are dedicated to helping your organization cut costs, improve business processes. Our mission is to provide the highest quality bookkeeping services in the industry for our clients. We also strive to help our clients understand what their financial reports reveal about their business. We realize how hard it can be to find new clients using outdated methods. This is why we are always willing to share our knowledge with you. We have put together a team of bookkeepers and client care associates that work hard every day to bring you results. We truly look forward to getting to know you and to helping you navigate the road ahead. Founder: Mr. Issam Al Tawari was the Founder, Chairman and Managing Director of Rasameel Structured Finance Company a Capital Markets focused Investment Company supervised by the Capital Markets Authority/Central Bank of Kuwait and Chairman of Rasameel Investment Bank a Dubai based, DIFC regulated bank. His latest area of interest is the development of Islamic debt capital markets. He started his career with Arab Banking Corporation (ABC), Bahrain working in the Commercial Banking area. He then worked extensively on Corporate Finance issues with ABC s what then was a newly incorporated subsidiary in 1994 ABC Islamic Bank to become Associate Director for syndications and marketing. He joined The International Investor (TII), Kuwait in 1998 in the Structured Finance area. His last position with TII was the Chief Operating Officer (COO). He served on the board of directors of a number of companies and funds. He was also the ex- Chairman of Ain Takaful Insurance Company, Kuwait, Kuwait and ex-chairman Page 2

3 of Binaá & Namaá (Sorooh) Investment Company specialized in financing B.O.T. projects and a co-founder of Ritaj Investment Company. He regularly speaks at Islamic Banking industry conferences and seminars. Key Management: Mr. Khaled Hussein, Partner Khaled is a Chartered Management Accountant with over 15 years experience. He brings a wealth of experience to the practice where he worked in the following entities: Audit Manager in Russell Bedford, Kuwait, Senior Internal audit at Kuwait Finance House, Senior Audit at Crow Horvath, Kuwait, Financial Analyst at ESP, Egypt, Senior Audit in Deloitte Egypt, and Broker at OKAZ Brokerage, Egypt. Our Mission Providing internal audit, tax and consulting services compliant with international standards and global best practices as well as local laws and regulations applicable in the State of Kuwait though providing high quality deliverables exceeding expectations of our clients, including companies and government entities, to achieve growth and prosperity of their business. Our Vision To be among the top ten firms that provide internal audit, tax and consulting services in the State of Kuwait. Our Values We believe in core values that feature our action and behavior. These values are: Integrity: The principle of integrity imposes an obligation on PBK Kuwait to be straightforward and honest in all professional and business relationships. Integrity also implies fair dealing and truthfulness Page 3

4 Objectivity: The principle of objectivity imposes an obligation on PBK Kuwait not to compromise their professional or business judgments because of bias, conflict of interest or undue influence of others. Confidentiality: The principle of confidentiality imposes an obligation on PBK Kuwait shall maintain confidentiality, including in a social environment, being alert to the possibility of inadvertent disclosure, particularly to a close business associate or a close or immediate family member Professional competency and due care: The principle of professional competency and due care imposes the following obligations on PBK Kuwait to maintain professional knowledge and skill at the level required to ensure that clients receive competent professional service. Professional behavior: The principle of professional behavior imposes an obligation on all professional accountants to comply with the relevant laws and regulations and avoid any action that PBK Kuwait knows or should know may discredit the profession. This includes actions that a reasonable and informed third party Our Services Today, we serve a diverse set of clients and investors mainly from the GCC area. Debt Capital Market Advisory Services: Financings, public offerings, private placements and other strategic transactions Divestitures and restructurings Structuring of tailored financing solutions Conducting competitive tenders for the provision of financing solutions, including the negotiation of term sheets and financing documentation Negotiating amendments and waivers to existing financing terms, including financial covenants and debt rescheduling Negotiating restructuring of existing financing facilities Managing a credit rating agency process Managing stakeholder relationships Project managing financing transactions Page 4

5 Accounting services and Corporate Infrastructure: Accounting and bookkeeping support for SME firms Business Advisory Services Internal audit Corporate Secretarial Services We always strive to enhance our capabilities and expand our reach thereby providing the highest caliber of various services to our clients. Accounting and bookkeeping support for SMEs: Our Accounting Services group provides a practical solution for early-stage companies that need part-time accounting and finance support, or later-stage companies that need part to full-time assistance. We become the virtual accounting department scaled to your needs, providing professional accounting staff, controllers, and/or chief financial officers and financial manager. Our services cover wide range of general bookkeeping process to becoming your virtual accounting department. We provide full accounting outsource, co-sourcing and controllership. Our diversified and valuable accounting services are professionally tailored to suit our clients business needs. Our team is comprised of book keepers, accounting systems specialists, and financial controllers, they all are professionals and well trained. Small Business Accounting Made Easy. Whether you are a start-up business, a growing business or a mature corporation, PBK. has the expertise to help you. Through prompt and timely service, along with an intimate knowledge of the rules and regulations, we can keep you ahead of government deadlines, maintain order in your internal financial systems, and reduce the headaches that come with owning a business. We can handle it all, from your payroll needs to banking and check writing. If you re having issues preparing your financial statements, we can tackle them for you. Why hire staff? Let PBK do your monthly bookkeeping at a fraction of the cost of a full-time employee. Our talented team is experienced with all the major accounting software programs. We perform vital accounting functions, such as accounts payable/receivable, payroll, general ledger accounting, bank reconciliations, financial statement preparation and financial analysis. When you retain our services, we make it a priority to learn your goals and operations quickly so we can hit the ground running. Based on experience, we can easily identify opportunities for more effective tax planning, improved internal controls, and other areas that will make your business more profitable. Page 5

6 Business Advisory Services: Current business environment presents a constant stream of both challenges and opportunities, against this background of change: the expectation is for sustained growth. To achieve their potential, organizations must continuously improve their performance and sustain that improvement. Utilizing industry experience and functional expertise, our business advisory team works with you in a proactive, open and objective way, to address business challenges facing you. Our approach is client centric, geared towards delivering customized business solutions that deliver lasting value to their businesses. Based on our understanding of nature of your business and objectives, we offer tailor made business models, strategies and performance improvement solutions. Our business advisory division comprises of professionals who provide a comprehensive range of business advisory services, which include: a) Strategy Consulting We offer comprehensive advice and support to corporations in terms of reviewing and re-defining their strategy. Under strategy advisory, we provide following services: Diagnostic review and reworking of your current business strategy, Identifying and re-defining the organization s vision, mission, goals & objectives, Assessing corporate portfolio of business units, identifying key success factors for your business, Developing strategy and implementation plan. b) Performance Improvement We offer consulting advice to companies to constantly improve their operational performance. Under performance improvement advisory, we provide following services: Identifying revenue enhancement activities, Identifying cost reduction activities including cost management, Identifying cost effective procurement, logistics alternatives and business process design/re-design. Internal Audit Process Enhancement, Value-Addition, Regulatory Compliance An effective Internal Audit function is widely viewed as an essential component of a strong corporate governance framework of any successful organization. Globally, inadequate controls have cost many companies dear. Economically, industries have realized this factor and made a paradigm shift to invest in establishing controls, processes, checks and balances. Page 6

7 Modern management advocates have strongly recommended the need of an independent, objective activity that adds value to improve organization's operations. Internal Auditing helps an organization accomplish its objectives by bringing in a systematic disciplined approach to evaluate and improve upon the effectiveness of risk. a) Our Approach Our approach is to understand the business processes in an as-is-scenario, test the effectiveness of the processes & controls, bring out the consequences of any deficiency in your process-chain and then recommend a reasonably suitable solution that could fit your needs. We engage with key personnel in the company to assess the compliance of established processes. b) Services Outsourced Internal Audit Internal Control Reviews & Process Mapping Corporate Governance Review Compliance as Required by Regulatory Bodies Other Specialized Services c) Benefits Adds value with recommendations of reasonably suitable solution that fit your needs; Drives management to implement enhanced preventive and detective controls; Highlights high risk areas and follows up on their recommended implementation; Ensures adequate compliance of statutory requirements. Corporate Secretarial Services We deliver value to our clients through a dedicated team of professionals with extensive experience in dealing with Ministry of Commerce and Industry and various other regulatory authorities in Kuwait. a) Our Approach Our approach is client focused, based on our understanding of your objectives and issues facing you. Based on our understanding our dedicated team provides you with tailor made solutions. We insist on integrity and fairness in our business dealings with you. b) Services Our corporate secretarial services include: Page 7

8 Incorporation of Entities We undertake all formalities required for incorporation of business entities under the Ministry of Commerce & Industry ( MOCI ) guidelines. Our services include incorporation of the following business entities: Preparing and filing application for incorporating: o Closed Shareholding Company, o Holding Companies o Limited Liability Company, W.L.L., o General Partnership, o Joint Ventures (JV) o Sole Proprietorship/Establishment, o Foreign Entities, o Agencies. o Conversion of legal status of entities Financial Advisory Many a time s business ideas falter and fail to deliver value. Principal reason for such failure is the absence of a rigorous market, technical and financial analysis. Detail oriented planning reflects objective reality and is an essential ingredient of successful businesses, both new and ongoing. Over the past several years, we have assisted valued clients in decision making process concerning new projects or expansion of existing businesses by devising strategic plan, developing feasibility studies and business plans. Our expertise also includes financial modeling skills that benefit our clients by helping develop dynamic financial model that are flexible for extreme stress testing. In industry domains where specialized technical knowledge is required, we also appoint and liaise on behalf of our clients with technical specialists to ensure the client receives the right advice. Strategic planning is an integral part of any business decision and therefore crucial to achieve long term results. With strategic planning, we achieve for our clients, decisions in prioritizing business initiatives and aid in capacity planning Areas of Expertise a) Strategic planning: prioritizing business initiatives & capacity planning b) Feasibility studies: startups, expansion and diversified business c) Business plans d) Financial modeling Our Team At our affiliate PBK Kuwait, we pay special attention to train and qualify our team and update their knowledge and experience from time to time at the hands of experts in the field of the profession and in accordance with the scope of our work, standards and ethics, behaviors of the profession and the recognized international Page 8

9 professional standards, we are able to offer our services according to the best professional practices in a framework of good understanding of the various Kuwaiti economic sectors. Our team has acquired a broad professional experience from delivering diversified business consulting services to different various business entities at all sectors either on local, regional or international level. Also, in addition to managers and technical staff, our team combines academic qualifications and professional certificates including but not limited to: ESSA, Certified Financial Consulting CFC, and other professional accreditation. Contact Us Newbury Economic Consultancy Physical Address: Office No 10 Floor 3 Alandalus Complex Hawali Kuwait Postal Address: P.O. Box 1909 Mishref Kuwait Working Hours: Sunday to Thursday 8:00 AM to 5:00 PM Get in Touch: Tel: Fax: Ext info@newburyconsultancy.com Website: Page 9