Mr. George Matharu, President of Elite Capital & Co. Limited (ECC), announced today that the success of being in the CEO Insight Magazine’s “Top 20 Most Influential Companies 2017” was the result of enormous effort and teamwork within the company since it was founded in 2012.
Top 20 Most Influential Companies 2017 list was as follows:
01. Templar Executives - Cyber Security
02. BioLingus - Biotech
03. Global Bank of Commerce - Banking
04. PrintFleet - Print Management
05. SOHAR - Deep Sea Port
06. Bellin - Treasury Management
07. Atradius - Credit Insurance
08. Barents Re - Reinsurance
09. SAS Institute - Software
10. Elite Capital & Co. - Finance
11. The Coca‑Cola Company - Consumer Goods
12. Dublin Port - Port
13. AbbVie - Biopharmaceutical
14. Vertex - Treasury Management
15. Ernst & Young - Financial Services
16. Deloitte - Financial Advisory
17. PricewaterhouseCoopers - Tax Advisory
18. LinkedIn - Social Media
19. Chalhoub Group - Retail
20. Teva Pharmaceutical
Elite Capital & Co. Limited (“ECC”) has been entered into the list of the Top 20 Most Influential Companies of 2017, in amongst a variety of top class firms. The inclusion of ECC was based on providing turnkey services for the engineering, procurement, construction and financing of major infrastructure projects. ECC has made strategic alliances with several organisations and companies, providing access to international markets in Asia, Africa, Middle East and GCC regions. This has given ECC a substantial foundation of clients to build on, and access to the markets that are most in need of the company’s products and services.
In his statement, George Matharu (President and CEO of ECC), praised the support of Dr. Faisal Khazaal, Chairman of the Board of Directors, who has generated the business impetus for Elite Capital & Co. Limited since 2012; “Dr. Khazaal is responsible for the development of fruitful business strategies with customers on a local, international and governmental level, by using his relationships and influence that he has gained over time being the Chairman of the parent company Deals Secure Group Holding Company GP. (DSGH) since its founding in 1995”.
The aim of ECC is to facilitate the commencement and completion of Infrastructure projects, stimulate economy, create employment and combat poverty.
“Our services are suitable for all types of Infrastructure Projects in either Greenfield (Pre Operations Stage) or Brownfield (Operations Stage) including but not limited to Sea Ports, Airports, Railway, Bridges, Roads and Highways, Water and Sanitation Utilities, Energy, Communications, Hospitals, Schools and Social Infrastructure etc. This includes other projects or activities that impact positively on the relevant country’s basic infrastructure including the manufacturing of components used in infrastructure (such as cement and steel) and infrastructure associated with mining and agribusiness”, said Mr. George Matharu.
ECC’s services depend on four types of “Funding Collateral”.
1. Commercial Bank Instruments; Bank Guarantees, Bonds, Medium Term Notes, or other Bank Debt Instruments issued by banks rated ‘B+’ or better, but this can be reviewed on a case-by-case basis.
2. Sovereign Guarantee; Elite Capital & Co. Limited is able to facilitate funding for Government and Infrastructure Projects against a Sovereign Guarantee subject to the Sovereign Guarantee being ratified by the relevant authorities and departments, namely the Central Bank and Ministry of Finance in the respective countries. In some cases the Sovereign Guarantee may need to be confirmed by a Commercial Bank.
3. Resource Guarantee; The option is available to fund projects against a Resource Guarantee such as an Oil Guarantee or any other significant and valuable minerals or resources that the country has may also be considered.
4. Promissory Notes; Corporate Promissory Notes endorsed by a commercial bank can be useful if the project has bankable assets that can be used for leverage financing.
Mr. George Matharu concluded his statement by saying “We thank all our clients and business partners who put their trust in us since the establishment of the company. I would also like to congratulate each of the 19 other companies who appeared on the Top 20 Most Influential Companies 2017 list”.