Amlak International

Amlak international is a Saudi-based mortgage finance house. It is the leading provider of mortgage finance services in the rapidly-developing Saudi market.

Country:Saudi Arabia

Fund:Intaj I

Sector:Mortgage Finance

Investment date:June 2007

Fund shareholding:Minority stake

Exit date:Exited in 2017

Jate

Founded in 2000, Jordan Aviation is a privately-owned charter airline in Amman. With its fleet of aircrafts, JATE provides wet lease services to airlines seeking additional capacity. The company also operates charter flights as well as scheduled flights, mainly in the Middle East.

Country:Jordan

Fund:Intaj I

Sector:Aviation

Investment date:February 2008

Fund shareholding:Significant minority stake

Exit date:Exited in 2016

Petroser Spa

Petroser is a private Algerian company specialized in the manufacturing of lube oil (under its own brand) and the marketing of petroleum products and derivatives (fuels, lubricants, bitumen) through a developed distribution platform (gasoline stations, other customers).

Country:Algeria

Fund:Intaj I

Sector:Foil Derivatives Blending and Distribution

Investment date:March 2008

Fund shareholding:Significant minority stake

Exit date:Exited

Altea Packaging

Altea Packaging is a group specialized in processing, converting, and printing of flexible packaging. With its industrial plants in Egypt and Tunisia. Altea Packaging produces various packaging used for the conditioning of a wide range of products, covering varied sectors like dairy, confectionery, detergent, and coffee/tea.

Country:Egypt, Tunisia

Fund:Intaj I

Sector:Flexible Packaging

Investment date:December 2006

Fund shareholding:Majority stake

Exit date:Current fund holding

California Gym

California Gym is the leading chain of fitness clubs in Tunisia. The company operates 8 clubs, totaling over 10,000 square meters of workout space and over 10,000 members.

Country:Tunisia

Fund:Intaj II

Sector:Health & Fitness

Investment date:Q1-2015

Fund shareholding:Significant minority stake

Exit date:Current fund holding

Fitness One

Fitness One is the leading chain of fitness clubs in Jordan. The company owns and operates fitness centers in Jordan, including six traditional women-dedicated fitness centers and a flagship “Vega” center launched in 2012 as a 10,000 sqm family-oriented facility with a diversified fitness offering including dedicated men, women, kid’s fitness areas, a PADI-accredited diving center, and a wall climbing facility. In 2013, the company launched “The Source MMA Vega”, a leading Mixed Martial Arts (“MMA”) center in Jordan with capacity of 500 students.

Country:Jordan

Fund:Intaj II

Sector:Health & Fitness

Investment date:December 2013

Fund shareholding:Significant minority stake

Exit date:Current fund holding

Luminus education

Luminus was established in 2006 and is headquartered in Amman, Jordan. The company’s main activities include community college education, vocational training and media education. Luminus is the leading provider of community college education and vocational training in the Middle East.

Country:Jordan

Fund:Intaj II

Sector:Vocational education

Investment date:July 2014

Fund shareholding:Significant minority stake

Exit date:Current fund holding

Orchidia Pharmaceuticals

Orchidia Pharmaceuticals Industries (OPI) is the sole local branded pharmaceutical player specialized in the ophthalmic segment in Egypt. Initially a service provider to multinational companies, Orchidia transformed itself into a full-fledged ophthalmologic player, successfully and advantageously competing with multinational companies such as Novartis and commanding the second market share.

Country:Egypt

Fund:Intaj II

Sector:Pharmaceuticals

Investment date:January 2013

Fund shareholding:Significant minority stake

Exit date:Exited in December 2017

Venezia Ice

Venezia Ice operates the leading chain of coffee parlours in Morocco, with over 40 outlets across Morocco. The company also produces ice cream, frozen pastries and baked bread and other related products. The company has a strong brand associated with quality and manufacturing know how.

Country:Morocco

Fund:Intaj II

Sector:Catering

Investment date:Mid-2015

Fund shareholding:Significant minority stake

Exit date:Current fund holding

Sotipapier

Founded in 1981, Sotipapier is leading packaging paper manufacturer in Tunisia. The company manufactures and sell Kraft paper (80% market share (MS)), as well as testliner and fluting paper (30% MS). As a B to B company, Sotipapier mainly serves the cement and cartonboard manufacturing sectors.

Country:Tunisia

Fund:Intaj II

Sector:Paper packaging

Investment date:May 2012

Fund shareholding:Controlling stake

Exit date:Partially exited in 2017, current fund holding

STEPEVI

STEPEVI is a Turkish-based manufacturer and retailer of luxury contemporary carpets. It produces and distributes refined carpets and operates STEPEVI retail outlets across Turkey, in London, Paris, Milan, New York, Munich and Geneva.

Country:Turkey, international

Fund:Intaj I

Sector:Carpet Manufacturing and Retail

Investment date:January 2009

Fund shareholding:Significant minority stake

Exit date:Current fund holding