Focusing on the energy and petrochemicals sectors

Paid-up share capital KD 75 million ($275m)

Listed on the Kuwait Stock Exchange 2008

Total Assets in excess of KD 182 million

Total AssetsKD 181 mn

Nader Sultan 37 Years experience

Chairman Former CEO Kuwait Petroleum Corp.Advisor Al Markaz Energy FundDirector, Oxford Energy Seminar

Dr Adel Al-Sabeeh 33Years experience

Vice Chairman

Former Minister for Oil, Government of KuwaitFormer Chairman of Kuwait Petroleum Corp.Chairman & MD of NICBM.

Suhail Abograis32 Years experience

CEO & Board Member

Board member Kuwait National Petroleum Co. Board Member Kuwait Gulf Petroleum Co.Former MD (Planning & Fin) Kuwait Petroleum

National Industries Group.

Largest shareholder in Ikarus Petroleum

Listed on Kuwait Stock Exchange since 1984.

Market capitalization of over 327 Million KD in

2011.

Total assets of over 1,500 Million KD in 2011.

As at 31/12/2011

Integrated complex, Jubail Saudi Arabia.

720,000 tones/year Polypropylene capacity

800,00 tones/year polyethylene

285,000 tones/year propylene & 200,000 tones/year ethylene

735,000 tones/year titanium Dioxide Capacity in its subsidiary ( Crystal) in Yanbu.

2011 Revenue 1,473 MM KD; Net Income 182 MM KD.

Market capitalization 1.4 billions KD.

First private petrochemicals manufacturer in Saudi ArabiaPhase I (In production)

1 million tonnes/year Methanol75,000 tones/year Butanediol

Phase II in production since 2010 460,000 tones/year Acetic Acid, and 330,000 tones/year

VAM,and Carbon MonoxidePhase III (2013)

Olefins and derivatives.

Leading private sectors players in Saudi ArabiaWorld ScaleLow Cost FeedstockProven & Leading TechnologyMarket positioning- Partners with leading international

chemical majorsGood LogisticsCredible applicants for additional feedstockProven operational and project competence

Role of Middle East in World Energy will growWith half of the world’s reserves , MENA is set to supply

the bulk of the growth in oil output to 2035.MENA will strengthen its position as world’s largest

exporter.Energy investment in the region is estimated to be $525

billion in 2012 – 2016.Petrochemicals capacity expected to double by 2018Growing role for private sector participation

Source: Apicorp

Source: Apicorp

Source: Apicorp

Source: EIA & Global Data

2011 ~35% of global oil supply and 20% of natural gas. Anticipated increased role due to resource base ~44% of

oil and at least a quarter of natural gas by 2030MENA energy policy preferences

critical to global energy futureMajor concerns that it’s not doing enough

Source: IEA/Global Data

Plans for 5.8 million b/d new crude through 2012 (source: state figures) 392 Bcm additional gas (source: state figures) 1.9 million b/d NGLs (IEA number) 6.3 million b/d+ of new refining capacity (state figures)

70 million tonnes+ of LNG

(state figures)

State Targets

Source: IEA