Euronet Middle East

Euronet Middle East is a joint venture between Euronet World Wide and Arab Financial Service.

Euronet Worldwide

Euronet Worldwide is a global EFT software and services company who established our roots in the early 1990’s in the emerging markets of Central and Eastern Europe through the deployment and operation of our own “Euronet” branded ATMs. Based on our history of running ATMs on our own behalf and on behalf of our customers in emerging markets, Euronet closely understands some of the challenges faced by AUB today across its markets. Today, Euronet is a unique company in the EFT business providing a broad range of solutions across the globe including:

• Provision of EFT outsourcing services (including ATM, POS and Card services) on behalf of over 75 financial institutions in 19 countries through one of our state of the art processing centers which process approximately 29 million EFT transactions per month.
   
• Provision of a full range of outsourcing services for around 6,500 ATMs under the “Euronet” Brand or under the brands of our bank customers (including Standard Chartered Bank, Citibank, Credit Agricole, Hypovereinsbank (HVB), Deutsche Bank, and Raiffeisenbank among others); and provision of selected transaction processing services for more than an additional 10,000 ATMs.
   
• Provision of prepaid mobile phone top up services on over 175,000 POS terminals across more than 85,000 retailer locations in Europe, Asia Pacific and the U.S., and more than 10,000 ATMs with connections to the billing systems of over 44 mobile operators in 22 countries.
   
• Provision of fully integrated retail banking software solutions to over 160 financial institutions in over 60 countries,

Euronet is a NASDAQ listed company (NASDAQ: EEFT) with a current market capitalization in excess of $1 billion, and 2004 revenues and EBITDA of approximately $381 million, and $51 million respectively. Additional information about Euronet Worldwide is included herein as part of our proposal and can also be found at our website: www.euronetworldwide.com.

Euronet’s extensive expertise in the ATM business, combined with our knowledge of EFT outsourcing services in multi-party, multi-currency environments uniquely positions Euronet to be able to offer Ahli United Bank with a creative, flexible, cost effective solution to the challenges the Bank is facing in today’s global environment.

Arab Financial Services (AFS)

AFS is the leading Arab company for electronic banking, personal payment instruments and related services. Established in 1984, AFS is in a strong financial position with backing from leading international financial institutions in the Arab World. The company pioneered the concept of outsourcing card processing in the region and was the first company to set-up an end-to-end state-of-the-art card-outsourcing environment in Bahrain. AFS is the largest payment card processor in the Middle East and North African regions. AFS is Principal Member of Visa and MasterCard Payment Associations and an authorized third party processor center.

Over 50 Banks in the region are connected to AFS’s online card management integrated solutions. AFS offers diverse services ranging from “get-started” to fully-fledged on-going card processing & related services, assisting banks to issue Visa and MasterCard to their customers through sponsorship card programs. AFS offers flexible and customized solutions to suit the specific requirements of financial institutions in the region, including full Arabic language functionality.