Suntrust Holding has identified specific sectors it is interested in developing throughout Kurdistan.
Companies will be selected based on a list of criteria, carefully developed to reach the objective of maximizing return on investment, while adopting a risk-mitigating approach. The firm will actively seek out established successful companies and aim to replicate their success story in Kurdistan..
Businesses will be selected according to the following criteria:
Business must have been operating for at least 10 years during which development and growth can be demonstrated.
Businesses should be able to demonstrate increasing turnover, market share and profit exceeding average bank interest rates.
Financial statements for the last 3 years must be audited by one of the top 5 international audit firms.
A business plan must be submitted that includes the product and services to be offered, expenses and capitalization, resources, a financial plan, and a business plan for the next 5 years.
Preference should be given to businesses with a shorter time-to-market and expedited operational activities and profit making.