OVERVIEW OF GROUP

CG Holdings was established in 2016 to hold shares in a number of operating companies previously directly owned by its directors and senior managers. It is an owner-manager led group.

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2200
Group employees

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13
Operating locations

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1783
Injury free days

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3
Continents

OUR LOCATIONS

Prommac
Al Laith & Projeco
Iris Group
Iris Group
Kumunyack & AG Electrical

SOUTH AFRICA

Our South African businesses generate just under a third of group revenues and are based in Secunda, about 120 km east of Johannesburg.

Prommac is the largest of our SA investments and together with Kumunyack provides a range of shut-down and maintenance services to petrochemical and oil & gas companies in the region.

Clients include various divisions of Sasol, as well as Puma Energy and Thyssen Krupp.

MIDDLE EAST

We acquired the Al Laith group of companies in 2016. Established more than two decades ago, Al Laith generates over 60% of CG Holdings group revenues, predominantly in the UAE. It also has smaller operations in Oman, Qatar and Saudi Arabia.

Al Laith is a top 5 supplier to the construction industry of access equipment such as scaffolding, powered access machines and mast climbers. It is also the region’s leading supplier of event overlay infrastructure, such as temporary stages, stands, hospitality cabins, toilets and security fencing.

Projeco is an early stage business that assists clients in sourcing and managing technical staff for petrochemical and oil & gas construction and maintenance projects.

UK, NORWAY, SOUTH EAST ASIA

IRIS Group was founded in 2015 and uses unmanned aircraft systems (UAS), more commonly known as drones, to provide solutions to client problems.

IRIS currently uses high end aircraft and sensors to produce useful information for clients wishing to inspect infrastructure such as railway tracks, power pylons, roads, telecommunication masts, bridges, oil rigs, refineries, industrial plants, mine stockpiles and construction sites.

IRIS Group also provides consulting services and training to corporate clients wishing to acquire and use UAS for their own needs. The business has offices in Camberley (UK), and Bergen (Norway) and is represented by local partners in Malaysia and Indonesia.

CORPORATE STRUCTURE

CG Industrial Holdings Ltd (trading as CG Holdings) is registered in the British Virgin Islands (BVI) and its shares are held by its directors and their family entities.  The majority shareholder is SONS Investments Ltd (SONS), a company registered in the BVI.

SONS has shares listed on the Bermuda Stock Exchange. It is also an Approved Fund in terms of the Securities and Investment Business Act 2010 (BVI) and is overseen by two regulatory authorities – the BVI Financial Services Commission and the Bermuda Stock Exchange.

OUR PEOPLE

NIALL CARROLL

Chairman

Mr Carroll has 25 years of experience as a financial markets professional and investor, with senior corporate and board level expertise in financial services and natural resources. From 1991 to 2004, he held various positions at Deutsche Bank South Africa, including head of investment banking and corporate finance.  From 2004 to 2012 he was the founder Chief Executive Officer of Royal Bafokeng Finance (subsequently Royal Bafokeng Holdings), which became a major investment holding company in South Africa and the world’s largest community owned investment holding company.  Since 2012, he has been building a portfolio of industrial services businesses, now housed in CG Holdings.  He is a graduate of the University of Cape Town and is a chartered accountant and chartered financial analyst.  Mr Carroll is currently based in London.

ANDREW JACKSON

Non Executive Director

Mr Jackson qualified as a geologist from the University of Natal and is a chartered financial analyst.  He has 25 years of experience in mining and financial markets and has worked in a number of African countries and the Middle East.  After an initial period as an exploration geologist for De Beers, in the mid 1990’s he joined Deutsche Bank South Africa and became a director of mining equity research.  In 2004, he joined Royal Bafokeng Finance (subsequently Royal Bafokeng Holdings) as its second employee and Chief Investment Officer and oversaw the diversification and growth of its investment portfolio to more than USD4 billion.  In 2010, he became an executive director of Mining Oil and Gas Services (MOGS), a subsidiary of Royal Bafokeng Holdings.  He is based in Johannesburg and for the past three years has been building a portfolio of industrial services and property businesses around the world, some of which are now part of CG Holdings.

EUGENE O’DOHERTY

Non Executive Director

Mr O’Doherty has more than 20 years of senior management experience in scaffolding, construction services and event overlay solutions. He has an honours degree in business studies from the University of Limerick and has worked around the world.  From 1998 he held various positions in SGB and Harsco Infrastructure, before leading a number of event overlay projects for the 2010 London Olympics Games.  He has been based in Dubai since 2010, initially as the Chief Operations Officer and then from 2012 as Chief Executive Officer of the Al Laith group, which is now part of CG Holdings.