ONIC HOLDING

1
ONIC HOLDING
2
ONICH

• The restructuring of ONIC Holding to a greater
  degree in the initial phase was influenced by its
  past history, demonstrated here in 3 phases -
  
• Survival Stability Growth
• Sep 01- Mar 03 April 03 Mar 05 April 05
  onwards
  

3
ONICH
Survival Phase September 2001 to March 2003

• Flagship (jewel) assets were sold off Commercial
  Bank of Oman, Al Ahlia Securities, Warranty
  Holding
  
• Restructuring of sick assets started i.e. Al
  Ahlia Insurance, National Life Insurance, OIFC,
  Al Anwar Holding, Gulf Warranty, Oman Orix
  Leasing

Financials for the Period
Decline in assets mainly due to sale of
flagship assets to raise funds for debt repayment
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ONICH
Stability Phase April 2003 to March 2005

• Embarked on more than one front to restructure
  the company in the fastest, effective and
  efficient manner
  
• Restructuring of assets
• Restructuring of assets
• Accumulation of assets through Proprietary book
  (identified key driver of growth asset creation
  in this phase)
  
• Best fit to our model converted into Strategic
  Assets (AHB)
  
• Others sold on profits (Non-Financial services)

OIFC, Al Anwar Holding Gulf Warranties (sold 66
to ARIG).
Turnaround
Sale
Building value
Al Ahlia Insurance 100 National Life Insurance
98
Oman Orix Leasing 35
Turnaround
Financials for the Period
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ONICH
Growth Phase

• Started from April 2005
• The asset build up started to take shape as
  follows
  
• Oman Orix Leasing (Oman) 35
• IGI Jordan (International) 20
• Alliance Housing Bank (Oman) - 20
• National Finance Bahrain (International)
  17.5
  
• Pak Oman AMC 34
• FrontierAlt Investment Management Corp
  North America 20
  
• Obtained license to set up Asset Management
  Company (AMC) in Oman
  
• for regional coverage with renowned
  partner 100
  

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ONICH Total Assets
247
7
ONICH Net Worth
336
8
89,335
80,696
765 Growth
30,484
14,896
10,322
9
6,444
865 Growth
3,348
2,078
1,587
668
10
17,036
138 Growth
7,163
7,073
7,792
6,948
11
23,480
200 Growth
10,296
9,151
9,379
7,831
12
Performance vs Benchmark
81.5
69.9
46.2
44.3
39.3
26.3
25.2
22.3
9.2
3.7
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• ONIC Holding Group

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ONIC Holding Group
ONIC HOLDING GROUP
Insurance Subsidiaries
Other Strategic Investments
Incubator (Proprietary Portfolio)
NLIC (98)
IGI (20)
GW (34)
AMC
Leasing
Oman
GCC
AAIC (100)
Pak Oman AMC (34)
Oman Orix Oman (35)
FrontierAlt Canada 20
India
National Finance Co Bahrain (17.5)
Pakistan

• Note
• NLIC National Life General Insurance Company
  SAOC
  
• AAIC Al Ahlia Insurance Company SAOC
• IGI International General Insurance (Global
  Reinsurance Co)
  
• GW Gulf Warranties (Regional)

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• Financial Statistics

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Balance Sheet - SnapShot
USD 000s
As per regulatory requirements for insurance
subsidiaries
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Income Statement - SnapShot
USD 000s
18
Financial Ratios

• On the paid up capital outstanding as at March
  31, 2007
  

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Thank you