CMH Role: Founding shareholder

With an equity stake of US$ 40.0 million, CMH is a founding shareholder of the First Energy Bank (“FEB”). A wholesale Islamic bank, FEB was established to capitalize on the significant and unique opportunities for private equity investment that currently exist in the GCC, MENA and wider markets around the globe. FEB will focus mainly on the energy sector and will principally be advising on, arranging and/or executing equity investments in the following areas: Energy Development Projects; Co-investment in Development Projects; Asset / Portfolio Acquisitions; and Corporate Mergers & Acquisition.

FEB was incorporated as a closed Bahrain joint stock company with a paid up capital of US$ 1.0 billion and obtained its wholesale banking license from the Central Bank of Bahrain (CBB) in June 2008. Key executives and management staff for some of the business and support units have already been appointed comprising of highly experienced and well qualified bankers. FEB commenced operations in July 2008.

In September 2008, FEB launched its first project “MENADrill”, in collaboration with Gulf Finance House and Arab Drilling and Work Over Company (ADWOC), along with strategic and technical advisors PFC Energy International and Noble Denton. MENADrill is planned to be fully operational by January 2011.