Analyst
Fajr Capital
Total years of experience :14 years, 8 Months
Fajr Capital is a Sharia’ compliant Islamic long only Private Equity firm and is currently at the tail end of deployment stage of its first $700m fund. The focus region is high growth OIC. Investments have been made in financial services, clean energy, downstream petrochemicals and infrastructure.
Part of the investments team at Fajr Capital. Currently working on a consortium deal which is at an advanced stage involving an education player.
Regularly analyze new opportunities, primarily in Real Estate and Pharma and present it to the Management.
With Morgan Stanley team
Was part of Morgan Stanley Metals & Mining equity research team based out of London. The team was relatively new and was slowly scaling up in coverage and ranking. Worked as an associate for Menno Sanderse and primarily responsible for covering large cap natural diversified names such as Rio Tinto, BHP Billiton, Glencore Xstrata, Vedanta Resources and Anglo American. Overall team has 24 stocks in coverage.
Worked on the re-initiation of Vedanta Resources plc, metals and mining diversified company listed in London with significant assets in India. Responsible for building model (Cairn India, Hindustan Zinc and Vedanta Aluminium) and company and industry research.
Regular interaction with Vedanta IR and my analyst covering Vedanta’s Indian listed subsidiary Sesa Sterlite and Cairn India.
Handled ownership of a weekly and a quarterly sector report with the Global and China commodities team.
Responsible for working on client requests and other bespoke projects such as feasibility of Jensen Potash and IRR.
Team collaborates with global teams sitting at different location for global reports on economic and commodity outlook.
------------------------------------------------------------------------------------------Deutsche Bank team
Worked for Deutsche Bank, Dubai covering multiple sectors out of MENA-Petrochemicals, Fertilizers, Metals & Mining and Oil & Gas (services) sectors comprising a total of 18 companies (a mix of holding companies and pure plays).
Initiated Alba and Saudi Pharma sector. Responsible for end to end research, modeling and end to end writing(> 95% contribution). Sample can be provided on request.
Companies covered- Petrochemicals/fertilizers-(IQ, SABIC, Chemanol, Ma’aden, Jordan Phosphate, APPC, Yansab, Arab Potash, SAFCO, Sidpec, Sipchem);Oil & Gas (GISS, Renaissance, Dana Gas);SPIMACO, Astra Industrial Group and Alba.
Knowledge of the value chain of the basic petrochemical processing with naphtha and EBP based cracker and the regional feedstock cost structures
Complete ownership of sector reports/outlook besides company and results specific notes and updates. Recently authored a Petrochemical sector report (on current slowdown) and has full ownership of regular industry reports, reviews, previews and updates.
Responsible for clarifying and addressing investor’s/fund queries and other ad-hoc requests.
Client’s global coverage allows collaboration with Europe and US based similar teams.
Strong financial modeling skills- ability to structure different scenarios, new assets sale, acquisitions, JV, cost structures and granularity into model for better analysis.
Spearheaded in development of the “Oil & Gas co. Valuation” training module which subsequently was sent to CFA and approved for their CPE recently. (Source: Evalueserve website and author certificate)
Authored an Initiation Coverage Report on an Indian tyre giant MRF (this was a part of competition across multiple vendors and this entry was among the top five from my organization and top fifteen among three vendors).
Developed a launch plan and model for Middle East based online travel firm.
Assisted Middle East based Shipping Fund acquire a European shipping company assets for $250 million. Responsible for conducting term sheet due diligence on three companies and built a financial model capturing the operational and financial realities.
Developed a launch plan for a Saudi Arabian client undergoing partnership with an Indian IT -training company. This involved developing a detail financial model to analyze IRR under different scenarios, market feasibility study and negotiating key terms of master agreement.
Advised a Dubai PE on a Morocco based poultry farm transaction worth $24million. The financial model for this leveraged buyout included all aspects including NPV analysis, scenario IRR analysis and integrating the projections with broiler growth cycle.
Valuation of early stage privately held US companies preferred and common stock (using allocation methods such as Probability Weighted Expected Return Method and Option Pricing Model) as a part of IRC 409c requirement.
Advised a Dubai based diversified holding company in investing and setting up a green building company.
Authored two investment reports (on Saudi petrochemicals and green building sector) for Saudi Arabia based investment house.
Analyzed and reconstructed the existing internal VaR model to adhere to Central Bank requirements.
Worked on redesigning the credit and liquidity risk assessment components confirming to Basel II (ICAAP).
Reviewed the internal credit rating policy and the suggestion was accepted by CRO for implementation.
Conceptualized a credit risk internal stress testing model for unrated accounts as per the Central Bank requirements.
Analyzed and reconstructed the existing internal VaR model to adhere to Central Bank requirements.
Worked on redesigning the credit and liquidity risk assessment components confirming to Basel II (ICAAP).
Reviewed the internal credit rating policy and the suggestion was accepted by CRO for implementation.
Conceptualized a credit risk internal stress testing model for unrated accounts as per the Central Bank requirements.