Iraq: 10 Years After the Invasion

News

Akkadia Partners appoints head of brokerage operation

Posted on July 29, 2013

Ahmed Tabaqchali has been appointed to lead Akkadia’s brokerage operations in Iraq.

The former Executive Director of National Bank of Kuwait investment banking subsidiary NBK Capital, spent five years as head of its brokerage operation and institutional sales.

He began his career in 1991 with Dean Witter International and was based at its London office as a Sales Executive covering UK institutional clients.

Akkadia founder and chief executive Suha Najjar commented: “Ahmed brings a wealth of experience and a far-reaching global and regional institutional client base”.

“He joins us as a partner here at Akkadia and will concentrate on building our brokerage operation, focusing on institutional clients.”

Ahmed holds bachelor degrees in mathematics from University of Canterbury and from Victoria University of Wellington in New Zealand and a Masters degree in mathematics from Oxford University in the UK.

Akkadia Partners Launches Iraq Gate Fund

Posted on March 6, 2013

Akkadia Partners has launched its first Iraq-dedicated vehicle, The Iraq Gate Fund.

The fund will invest in companies listed on the Iraq Stock Exchange (ISX) with allocation to private companies and pre listing opportunities.

Domiciled in the Cayman Islands, it will be managed by Akkadia Partners out of its London office.

The Iraq Gate Fund is one of very few professionally managed vehicles designed to benefit from the substantial upside that Iraq promises to deliver.

Akkadia founder Mohamed Taymour said: “Iraq is one of the very few remaining frontier markets that is benefitting from a multitude of factors, including reconstruction after decades of conflict, decentralising the economy and the exponential increase in production of the country’s massive reserves of oil and gas and other minerals”.

“The combined experience of Akkadia’s founders and the company’s strong local network and presence on the ground, gives us a unique insight into such a promising market and makes it well-positioned to indentify the right opportunities.”

Iraq Gate Fund is a first of a series of Iraq dedicated funds which Akkadia Partners is planning to launch in the future.

Akkadia Partners showcases its expertise at Iraq’s largest oil and gas expo

Posted on December 4, 2012

Akkadia Partners exhibited its research products at Iraq’s largest oil and gas show, the International Oil and Gas Conference and Exhibition.

More than 18,000 visitors from 35 countries attended the event in Basra.

Leading companies who took part included Bertling, Cameron, China Petroleum Technology, CNPC, Emerson Process Management, FMC Technologies, Honeywell, Mitsubishi, Mott MacDonald, Rumaila, Samsung, Scania, Shell, Siemens, Tenaris and Volvo.

Officials from state companies and ministries were also at the summit, including representatives from the Ministry of Oil, State Company for Oil Projects, South Oil Company, South Gas Company, Iraq Drilling Company and Missan Oil Company.

Akkadia exhibited its specialised research products alongside companies affiliated with its strategic partners, Edgo.

The Edgo Group is one of the leading oil field services companies, with operations across the Middle East, Africa and Central Asia. In Iraq it operates from a large base in North Rumaila at Basra, in the south of Iraq.

Akkadia Partners launches its research products

Posted on July 30, 2012

Akkadia Partners launched its first research product, a comprehensive report on the oil and gas industry titled ‘Iraq Oil. A Matter of Time’

The report highlights the pivotal role Iraq can play in the global energy sector. Presented at a leading oil industry conference in Basra, it outlines the potential and challenges facing Iraq’s energy sector and the wider economy, as growth in oil production accelerates.

The report is the first in a series of macro and sector reports to be published by Akkadia Partners.

Akkadia Partners appointed as the local advisor for National Bank of Kuwait for the forthcoming IPO of Zain Telecoms

Posted on December 8, 2011

Akkadia Partners has been appointed by the National Bank of Kuwait as local advisor to the forthcoming IPO of Zain Iraq.

The National Bank of Kuwait is a leading regional bank with a global network of subsidiaries, including Credit Bank of Iraq.

Zain Telecom is one of the leading regional mobile communications companies, with operations across the Middle East and Africa. Zain Iraq is the country’s largest mobile operator with more than 50% market share and over 13 million subscribers. The company is preparing to offer a 25% stake on the Iraq Stock Exchange.

Akkadia Partners has been appointed as sole local advisor for the offering, which is the largest in the region for more than five years and the biggest ever from Iraq.

Akkadia Founder and Chief Executive Suha Najjar said: “Iraq is one of the few remaining frontier markets with unparalleled investment potential, given its vast mineral resources and massive rehabilitation needs”.

“Such a sizeable offering is expected to be a defining step for Iraq’s nascent equity market and help to bring it at the forefront of emerging markets.”