The successful development of Saracen Group, lies in the significant achievements and the impressive track record of its founders in Investment Banking and their work in the Middle East in particular. This record started in 1978 during the construction boom in the Gulf, culminating in the Group facilitating various Project Finance structures, Asset Backed Finance and Corporate Acquisitions.

The focus from 1991 to 2001 was the creation of Sharia compliant financial products by direct liaison and contact with the major Islamic Banks in the Middle East and their respective Sharia Jurisprudence Committees. The aim was to span the gap between Middle Eastern and

Western financial markets and bridge the opportunities and products found in both regions.

Saracen has been able to forge a unique knowledge of both Islamic Finance and Investment Banking, which is reflected in it's ability to offer high level consulting in this field, as well as more conventional research services.

Its affiliates have been involved in successfully raising funds in excess of US $12 billion of debt finance for application in projects in Latin America, the Far East and Europe. These financing packages also include asset-backed finance with major groups for oil rigs, container ships, tankers and aircraft.

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Saracen has recently focussed on two areas, the first, conservative capital management to insure liquidity and avoiding the pitfalls of capital inadequacy. With the changing face of the equity and emerging markets it has assumed a more conservative position. The second is its dedication of time and commitment to Iraq based infrastructure projects such as Transport, Desalination and Energy. Typically this is achieved with strategic joint ventures with technical partners contracting directly, normally via either public tenders or direct application, to state backed projects. The group is currently involved in various such projects with different states of maturity.