
Privatization processes are one of the most critical and political processes within any economy historically dependent on the public sector. Transformation of large enterprises from public to the private needs cumulative knowledge of the vast previous human experience combined with intuitive comprehension of the local political, economical, and priorities within the concerned country.
AlShall possesses this understanding and imparts it through professional teams. This work is initiated from a conceptual and project framework, to a fully developed privatization scheme containing industry structure, regulatory framework, identification of asset transfer mechanisms, including preparation of private and public placement documents, as well as supervisions of transaction implementation.
AlShall has acted as a prime advisor in a large number of projects within industries such as oil, recreational, retail, ports operations, and others. Moreover, it has acted as a financial advisor in numerous BOT projects which, to date, formed the core of the privatization effort within Kuwait. ِAlShall was the advisory arm for many investors in their BOT submission to the municipal authorities, noting that these investor teams won their bids by a considerable success ratio (70%). It is expected that such activities will flourish in the region with attempts of economic reforms.
Privatization Experience List

PROJECT NAME | COUNTRY | SECTOR | SERVICES PERFORMED | COMPLETION DATE |
Privatization of printing press | Kuwait | Government – Privatization | Valuation for privatization of a government services concern | 2007 |
Privatization of fuel stations and blending plant | Kuwait | Industrial – Services | Lead advisor to fuel stations and oil blending plant privatization committee. Valued operations and set up an implementable privatization process. | 2002 |
Privatization local marketing operations of a Petroleum company | Kuwait | Government – Privatization – Oil & Gas | Lead advisor for privatization of local marketing operations of and oil and gas concern. Valued operations and presented to privatization committee | 2002 |
Privatization of marine operations of Shuaiba Port | Kuwait | Government – Privatization | Feasibility privatization Study – Shuiaba port | 2000 |
Privatization of stevedoring operations of Shuwaikh port | Kuwait | Government – Privatization | Feasibility privatization study – Shuwaikh port | 2000 |
Privatization of Doha port | Kuwait | Government – Privatization | Feasibility privatization study – Doha port | 2000 |
Privatization Examples

Project Example – Privatization
Assignment | Privatization of local marketing operations of KNPC (fuel stations and oil blending plant). |
Client Name | Privatization Committee led by Kuwait Investment Authority with Kuwait Petroleum Company. |
Client’s Activities | Governmental – Public Sector. |
Assignment Date & Duration | 2002, 15 months |
Main Area of Focus |
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Services Provided |
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Outcome | The fuel stations and oil blending plant were subsequently privatized in line with AlShall’s recommendations. |
Project Example – Feasibility Study
Assignment | Establishing an Islamic Bank – Cham Bank, Damascus, Syria |
Client Name | Kuwaiti Real Estate Holding (formerly known as Kuwait National Real Estate Services Company). |
Client’s Activities | Private sector company with real estate activities in Kuwait and the MENA region. |
Project Size | USD 175,000,000 (KD 50,000,000) |
Assignment Date & Duration | 2004, 5 months. |
Main Area of Focus | Carrying out a financial feasibility, developing economic and market studies, and making a final submission of the BOT proposal to the Municipality of Kuwait. |
Services Provided | Conducted a comprehensive feasibility study including all sub-components such as market research, industry trends, supply and demand quantification, competitors, customers, legal framework, identification and quantification of revenue streams, operating expenses, capital expenditures, capital structure, required rates of return and associated risks. AlShall built financial models for each entity to incorporate all these elements in pro-forma income statements, balance sheets and cash flows, supported by appropriate scenarios and sensitivity analysis. |
Outcome | Consultancy mandate fully executed and BOT competition won by the client. |