Nomou Iraq Fund Manager
GroFin
Total years of experience :13 years, 4 Months
Devising investment strategies and rapidly building effective networks for deal origination.
Proactively originating and executing investments in waste oil recycling, training, agribusiness, consumer goods, light manufacturing and transportation.
Acquisition of 3, 600 ton waste oil recycling plant in Basra by modelling the financial position of the company, determining its value drivers and financing needs, drafting investment reports for investment committee approval, putting operational plans to mitigate for supplier/import/completion risks, negotiating deal terms and conditions and liaising with lawyers on due diligence and documentation of execution agreements.
Achievements
Developed a deep understanding of the legal framework, managing local and international law firms, negotiating with regulatory authorities, developed a team of local professionals leading to the establishment of the investment office in less than a year.
Developed an investment strategy and made Investments in a challenging environment in companies that have never previously obtained institutional investments. Started with $0 now at $3.2M; pipeline of over $10M demonstrates successful investment strategy.
Developed strategies to restructure and consolidate investments, achieving a 56% increase in IRR.
Established and managed a local and international private equity portfolio with direct interests in health-care, transportation, telecom, education, mining, financial services and consumer goods.
Acquired one of the largest indoor soft playgrounds in Dubai by expanding the business, negotiating valuation, obtaining facilities from banks to partly fund the acquisition and liaising with third lawyers and auditors throughout the due diligence and legal documentation.
Served on the board of the company post-acquisition, increased its sales by 17% and net profit by 23% by instilling proper financial and operational management.
Achievements
Released funds to start a consolidated investment programme as well as divest assets, increase return on investments and consolidate investments for better monitoring.
Launched a series of investments in multiple sectors with the focus on yield generating acquisitions, which resulted in increasing the average portfolio return by fivefold within 2 years.
MBA in Finance, Cranfield School of Management, UK 2001
BSc in Telecommunications Engineering, Cairo University, Egypt 1996