CONFIDENTIAL INFORMATION - DO NOT DISTRIBUTE

CONFIDENTIAL SUMMARY
Institutional & Professional Investors Only

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Investment Opportunity in Bangladesh’s First Corporate Sukuk Issue

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Sukuk Key Terms

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The Issue and Structure

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Al Waseelah PLC ("Issuer"), a UK based Islamic securitization platform, Structure

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will be the issuer of a Hybrid – Wakala and Mudarabah sukuk Wakala and Mudarabah hybrid structure

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("Sukuk") that will be listed on the Frankfurt Stock Exchange. A Issue Size

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Dubai based company Deshbandhu Group FZCO (the Investment USD and MYR 250 million

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Agent) will create a Sharia-compliant investment portfolio
Profit Payments

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(“Portfolio”) under Wakala Investment Agreement ("WIA"). On

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Semi-annual
maturity of the Sukuk, the Portfolio will be purchased by Deshbandhu

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Group Limited ("DGL") through a purchase undertaking (“PUD”)
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and the funds will be repaid to the investors. 6 years

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Targeted Profit
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Deshbandhu Group Ltd USD 10.75% pa, MYR 12.25% pa

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DGL is a privately held Bangladeshi conglomerate (established in Security
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1989 and headquartered in Dhaka, the capital city of Bangladesh).
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PUD, Asset and Account Pledge
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DGL and its sister companies operate businesses encompassing

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sugar refining, food and beverage, cement, rice mills, apparel ISIN

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manufacturing and export, shipping, commodity trading, real estate GB00BN6RVT13

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and polymers among others.

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Key Parties
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DGL intends to use the proceeds of the Sukuk for the capacity

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Issuer

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expansion and growth projects.
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Al Waseelah Plc
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DGL has grown revenues by 21.5%1 and EBITDA by 29.3% annually over
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the last 4 years and generated $470 million2 revenue and $84 Investment Agent
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Deshbandhu Group FZCO (Dubai)

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million EBITDA in FY21, representing a 51% and 51% jump over FY20
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revenue and EBITDA. Promisor

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DGL (Bangladesh)
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Lead Manager and Arranger

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The Sukuk assets will comprise of the Sharia compliant Portfolio,

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BlueMount Capital
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alongside collateral provided by the Investment Agent, including Asset

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and Account Pledge. DGL will provide a PUD in favour of the Issuer Structuring Agent
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promising to purchase the Issuer’s investment in the Portfolio at Bedford Row Capital
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maturity or default. Sharia Advisors

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Khalij Islamic
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Call to Action
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BlueMount Capital (WA) Pty Ltd (Lead Manager) and Bedford Row Capital Plc (Structuring Agent) are seeking expressions
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of interest (EOI) from institutional and professional investment groups to participate in the Sukuk. Interviews with
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management will be arranged upon request. For all inquiries, please contact as follows:
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Henri Roihu Brad Denton

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Business Development Manager Director Business Development

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Bedford Row Capital PLC BlueMount Capital

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E: henri@bedfordrowcapital.com E: brad.denton@bluemountcapital.com
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T: +372 512 5268 T: +61 (0) 417 960 444

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Growth figures calculated in Bangladeshi Taka, excluding FX translation.
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Translated to USD from Bangladeshi Taka using Financial year averages. Management estimates of Consolidated figures of DGL and its
sister companies. Downloaded by rakib.khan@bracepl.com
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 CONFIDENTIAL INFORMATION - DO NOT DISTRIBUTE
CONFIDENTIAL SUMMARY
Institutional & Professional Investors Only

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Disclaimer

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This Document was prepared by BlueMount Capital from information provided by Deshbandhu Group Limited and is the

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responsibility of Deshbandhu Group Limited. This Document contains summary information about Deshbandhu Group

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Limited and is current as at 24th August 2021. The information in this Document is a general background and does not

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purport to be complete. This Document is not and should not be construed as an offer to sell or the solicitation of an offer

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to purchase. Any recommendation contained in this Document is unsolicited general information only. Deshbandhu Group

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Limited, Bedford Row Capital, Al Waseelah and BlueMount Capital are not aware that any recipient of this Document

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(“Recipient”) intends to rely on this Document or of the manner in which a Recipient intends to use it. This Documents

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does not purport to contain all the information required to evaluate a potential investment in Deshbandhu Group Limited

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and does not take into consideration the investment objectives, financial situation or particular needs of any individual

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Recipient. Recipients should conduct their own independent review, investigation and analysis and obtain their own

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professional advice before making an investment decision. The information in this Document does not constitute financial

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product advice (nor investment, taxation or legal advice).

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Investment decisions should only be made based on the terms of the Listing Particulars and Pricing Supplement which will
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be made available to interested parties.

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This Document has been prepared based on information available at the time of preparation. No representation or

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warranty, expressed or implied, is made as to the fairness, accuracy or completeness of the information, opinions and

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conclusions contained in this Document.

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Some of the statements appearing in this publication/ Document are in the nature of forward-looking statements.
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Forward-looking statements can generally be identified by the use of forward-looking words such as “expect, “should”,
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“could”, “may”, “predict”, “plan”, “will”, “believe”, “forecast”, “estimate”, “target” and other similar expressions.
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Indications of, and guidance on, future earnings and financial position and performance are also forward-looking
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statements. Recipient should be aware that such statements are only predictions and are based on assumptions
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concerning, and are subject to, inherent risks and uncertainties. Those risks and uncertainties include factors and risks
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specific to the industry in which Deshbandhu Group Limited will operate as well as general economic conditions, prevailing
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exchange rates and interest rates and conditions in the financial markets.
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Forward-looking statements including projections, guidance on future earnings and estimates are provided as a general
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guide only and should not be relied upon as an indication or guarantee of future performance. Actual events or results
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may differ materially from the events or results expressed or implied in any forward-looking statement. Neither
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Deshbandhu Group Limited, Bedford Row Capital Al Waseelah nor BlueMount Capital, nor their officers, consultants or any
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person involved in the preparation of this Document make any representation or warranty (expressed or implied) as to the
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accuracy or likelihood of fulfilment of any forward-looking statement, or any events or results expressed or implied in any
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forward- looking statement, except to the extent required by law. Recipients are cautioned not to place undue reliance on
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any forward-looking statement. The forward-looking statements in this Document reflect Deshbandhu Group Limited,
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Bedford Row Capital Al Waseelah, and BlueMount Capital’s views as at the date of this Document.
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To the maximum extent permitted by law, Deshbandhu Group Limited, Bedford Row Capital, Al Waseelah and BlueMount
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Capital and their related bodies corporate (as that term is defined in any relevant Corporations Law) and the officers,
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directors, employees, consultants, advisers and agents of those entities do not accept any responsibility or liability
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including, without limitation, any liability arising from fault or negligence on the part of any person, for any loss arising
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from the use of this Document or its contents or otherwise arising in connection with it. Any opinions, forecasts or
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recommendations reflect the judgment and assumptions of Deshbandhu Group Limited as at the date of the Document
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and may change without notice.

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This Document is not a prospectus or other offering document and does not contain all of the information which would be
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required to be disclosed in a prospectus or other offering document. It has not been filed or otherwise registered with any
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regulatory authority and is not approved by any such authority.

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