Steve Khayat

Serving as Board Member on behalf of Phoenix Venture Partners ("PVP"), following PVP’s role as lead investor in SAV Money’s Pre-Series A funding round. Value creation: Working closely with the founders and leadership team on growth strategy, go-to-market execution, product, talent, capital strategy, and strategic partnerships, with a particular focus on scaling in Saudi Arabia and expanding across regional and global markets. Governance & oversight: Supporting strong governance, performance discipline, and long-term value creation at the group level, while also serving on the boards of regulated subsidiaries where required. Strategic support: Helping the company refine KPIs, accelerate commercial traction, strengthen scalable operating capabilities, and leverage PVP’s ecosystem across the GCC, MENA and Global markets.

Representative capacity: Serving as a Board Member on behalf of Phoenix Venture Partners (PVP), supporting founders and leadership teams across strategic, operational, and financial priorities. Value creation focus: Providing guidance on growth strategy, product development, go‑to‑market execution, talent, governance, and capital strategy, while helping the company leverage PVP’s regional and global ecosystem. Governance & oversight: Ensuring strong governance, performance discipline, and alignment with long‑term value creation objectives. Strategic support: Working closely with the executive team to refine KPIs, accelerate commercial traction, build scalable processes, and unlock partnerships across MENA, GCC, Africa, and global markets.

Serving as the investment representative for Phoenix Venture Partners (PVP) in Wahed, a leading Shariah-compliant digital investment platform. Supporting the company's growth journey through strategic guidance, ecosystem access, business development opportunities, and value creation initiatives.

Representative capacity: Serving as a Board Member on behalf of Phoenix Venture Partners (PVP), supporting founders and leadership teams across strategic, operational, and financial priorities. Value creation focus: Providing guidance on growth strategy, product development, go‑to‑market execution, talent, governance, and capital strategy, while helping the company leverage PVP’s regional and global ecosystem. Governance & oversight: Ensuring strong governance, performance discipline, and alignment with long‑term value creation objectives. Strategic support: Working closely with the executive team to refine KPIs, accelerate commercial traction, build scalable processes, and unlock partnerships across MENA, GCC, Africa, and global markets.

Kuwait Markets Group ("KMG") intends to develop a landmark integrated mixed used real estate Mega Project in the state of Kuwait.

I served on the Executive Board of Advisors of the "Bukhamseen Square Project", in the capacity of the Project's Financial Advisor, the next Landmark Project in Kuwait: the committee is the DeFacto executive steering committee of the Project. The Project consists of a mixed-use project, which would include a high end five-star hotel, commercial offices, a shopping center, and a convention center, in the heart of Kuwait's capital and its financial district. The Project will include the tallest tower in Kuwait, with a height of at least 300 meters, and a façade length of 150 meters. The Hotel’s operator’s global reputation and standing is expected to serve a segment of the market that has been long searching for a high-end luxury hotel in Kuwait’s Business District. The Landmark Mixed Used Project shall be developed over a prime plot of 6,776 m2 in the heart of Kuwait City. and we are working with consortium of world class firms including Fosters & Partners, Buro Happold, for the design and realization of the Project.

Reporting to CEO, I head the Investment Banking Division, comprised of three business departments: (i) Corporate Finance Department, (ii) Direct Investment Department, and (iii) Credit Department. Licensed and registered security activities under the Capital Markets Authority:  Senior Executive Officer (SEO)  Collective Investment Scheme manager  Investment Advisor (M&A)  Security issuance and subscription Agent  Corporate Finance Specialist  Asset Valuation Management Committees: - Member of the Investment Banking Committee - Deputy Head of Business Continuity & Disaster Recovery Committee/team

in addition to my as head of the corporate finance department, my role was expanded to deputize the President of AIC in the lead and management of AIC in all aspects. Licensed and registered security activities under the Capital Markets Authority:  Chief executive or deputy chief executive  Investment Portfolio manager  Collective Investment Scheme manager Management Committees: - Chairman of the Investment & Credit Committee - Member of the General Administrative Committee - Deputy Head - Business Continuity & Disaster Recovery Team

The Corporate Finance Department (CFD) becomes fully regulated by the Capital Markets Authority, and I was promoted to Senior Vice President, as the department becomes the primary revenue driver of AIC, and as the team expanded. The to CFD caters to a range of investment banking and financial services to corporations and entrepreneurs, seeking to manage/undertake corporate, strategic or financial opportunities. In my role, my duties span across the following services, in the capacity of lead advisor/representative or joint lead advisor/ representative: 1. Advising on mergers & acquisition (M&A), takeovers, divestitures and spin-offs, leading such transactions on arms-length; 2. Undertaking corporate restructuring; 3. Leading equity capital markets transactions (IPO, Private placements, block trades); 4. Leading debt capital market transactions (bonds, structured finance, syndicated debt refinance); 5. Performing fairness opinion advisory, including business valuations and feasibility studies; 6. Establishing legal entities and special purpose legal vehicles, in offshore jurisdictions; 7. Conducting financial due diligence and building data rooms, and coordinating contingent due diligence (legal, technical and other required due diligence), and coordinating with external advisors; Licensed and registered security activities under the Capital Markets Authority:  Investment Advisor (M&A)  Security issuance and subscription Agent  Corporate Finance Specialist  Asset Valuation Management Committees: - Chairman of the Investment & Credit Committee - Member of the General Administrative Committee

The Corporate Finance Team was spun-off into an independent department, and I was promoted to manage the Corporate Finance Department (CFD), and establish its own policie, procedures, process flow, authority matrix, Job Roles and Duties manual, and set the annual startegy and budget for the department. The to CFD caters to a range of investment banking and financial services to corporations and entrepreneurs, seeking to manage/undertake corporate, strategic or financial opportunities. In my role, my duties span across the following services, in the capacity of lead advisor/representative or joint lead advisor/ representative: 1. Advising on mergers & acquisition (M&A), takeovers, divestitures and spin-offs, leading such transactions on arms-length; 2. Undertaking corporate restructuring; 3. Leading equity capital markets transactions (IPO, Private placements, block trades); 4. Leading debt capital market transactions (bonds, structured finance, syndicated debt refinance); 5. Performing fairness opinion advisory, including business valuations and feasibility studies; 6. Establishing legal entities and special purpose legal vehicles, in offshore jurisdictions; 7. Conducting financial due diligence and building data rooms, and coordinating contingent due diligence (legal, technical and other required due diligence), and coordinating with external advisors;

Reporting to the Senior Vice President- International Markets, I headed the corporate finance team