The Managing Partner of MNS International for Real Estate Management & Development Co. L.L.C has played a leading role in the founding as well as capital increases of several corporations within the Middle East and North Africa region. Listed below are a few case studies:

  • International Hotel Investments Co.
    Euro 186 Million - Capital Increase
    In his capacity as the Managing Partner of the National Projects Economic & Real Estate Advisory Co., Al Saleh negotiated and signed an agreement with the International Hotel Investments Co. (IHI) - listed in the Malta Stock Exchange - to serve as an advisor for IHI in raising Euro 110 million for the capital increase of IHI. The capital increase was oversubscribed, Euro 206 million was raised of which Euro 186 million were kept. The main investor was Nakheel Hotels (Istithmar), a company owned by the Ruler of Dubai, HRH Sheikh Mohammed Bin Rashid Al Maktoum.
  • MENA Real Estate Co. (formerly Gulf Development Real Estate Co.)
    Kuwaiti Dinars 15 million (USD 47 million approx.) - Company Formation
    In his capacity as the Head of the Founding Committee of MENA Real Estate Co. based in the State of Kuwait. MENA Real Estate Co. boasted some of the most prominent and influential private and public companies as its shareholders as well as some of the most important merchant families. MENA Real Estate Co. is now publicly traded in the Kuwait Stock Exchange.
  • Mediterranean Investments Holding Co.
    Euro 100 million - Company Formation
    Al Saleh played an instrumental role in creating a joint venture between the National Real Estate Co., a company publicly traded in the Kuwait stock exchange and the Corinthia Group (owned equally by the Libyan Government and the Pisani family of Malta). Al Saleh also played a key role in developing a detailed shareholders agreement between the two parties. The Mediterranean Investments Holding Co. (MIH) was set up in the Republic of Malta with the aim of developing Real Estate projects in Libya.
  • National Projects Holding Co. (NPHC)
    Kuwaiti Dinars 10 million (USD 34 million) - Company Formation
    Al Saleh was the Head of the Founding Committee of the National Project Holding Co. (NPHC) a company he later headed as its Vice Chairman & Chief Executive Officer. NPHC was registered in the State of Kuwait. Its portfolio of investments focused on Kuwait and the MENA region. The company was extremely profitable generating in excess of 20% returns in its first year of operation. Al Saleh relinquished his day to day responsibilities towards the end of 2010 with zero borrowings on NPHC's books towards the banks and profits in excess of 40% for the year ending 31st December 2010. NPHC has met all the requirements to list on the Mawazi stock exchange in Kuwait.
  • Palm City Ltd. Co.
    Euro 200 million - Company Formation
    Al Saleh played a role in establishing Palm City Ltd. Co. in Malta. Palm City ltd. Co. has fully developed the Palm City project in Janzur Libya which is a 413 private housing development for the ex-pat community living in Tripoli, Libya. The completion of construction and the moving in of tenants took place in November 2009.