MEETING MINUTES

Subject: Financing Discussion and Project Information Requirements
Project: To be announced later

Date: Sunday evening, 13 September 2026
Duration: Approximately 23 minutes
Platform: Google Meeting

1. Attendees

2. Purpose of Meeting

To introduce Advanced Vision Co. and discuss whether the proposed project could qualify for development financing or Islamic financing, and to identify the project information required for review and potential submission to a suitable financing institution.

3. Opening and Company Introduction

Mr. Nader Hassan opened the meeting and introduced himself.

He described Advanced Vision as a consultancy, facilitation, follow-up, and assistance company that helps prepare and submit financing applications to Islamic and non-Islamic/conventional banks.

He stated that Advanced Vision works with a group of financing institutions and banks.

He explained that Advanced Vision focuses on development projects, especially in Africa, and helps match eligible projects with appropriate financing channels.

4. Project Financing Need

  • Dr. Hamada stated that the project requires USD 10 million in Islamic financing, and he mentioned thet the project is located in Kenya.
  • The exact project name was stated as to be announced later; however, the required documents list refers to the project in Kenya.

5. Financing Approach Discussed

  • Both traditional development financing and Sharia-compliant structures were discussed.
  • Murabaha was mentioned as a possible Islamic financing structure.
  • Participants distinguished between Islamic profit/markup structures and conventional interest-based lending.
  • The financing institution and structure will be selected after reviewing:

The project

The country

The financing requirement

The relevant bank criteria

Financing institutions generally focus on large development projects; however, the exact minimum and maximum financing thresholds were not clear because no feasibility study was attached for discussion at the meeting.

6. Project Information Required After Signing NDA

If both parties wish, the following information should be provided after signing a Non-Disclosure Agreement (NDA):

  • A full feasibility study for the project in Kenya.
  • A clear description of the project, its scope, location, current status, and implementation timetable.
  • The total project cost and the exact financing amount required.
  • Details of the project owner, executing contractor, consultant, and any other key project parties.
  • Available approvals and licenses, land or property documents, contracts, designs, financial projections, and proof of contributions.
  • Any government participation, guarantees, or support required under the proposed financing structure, where applicable.

7. Agreed Next Steps

8. Items Requiring Confirmation

  • Final project name and scope, since the project is currently "to be announced later"
  • Whether an NDA will be signed by both parties.
  • Exact financing amount in writing. Dr. Hamada indicated USD 10 million for the Kenya project, but this remains to be formally confirmed.
  • Project owner's contribution, if any.
  • Government involvement, guarantees, sovereign participation, or other security requirements.
  • Any deadline for submitting project documents or receiving initial review.
  • Meeting location/platform and full names/titles of all participants, if required for formal records.

9. Closing

No further decisions were recorded. The next step is for the project team to prepare and submit the complete project package and feasibility study so that Advanced Vision team can proceed with review and financing institution matching.

Minutes prepared by: Mr. Nader Ibrahim
Date: 14/09/2026