Hortencio Taeza  
Vice President for Business Development
 
Fahad A. AlHamwah 
Vice President for Business Development
 
Abdulkadir Farah 
Vice President for Business Development
 
Abbas Bilgrami
Business Development Manager
 


Hortencio Taeza
Vice President for Business Development

Tenz joined Modern Group in 2009 as Vice President for Business Development responsible for liaising with government regulators and foreign partners in order to efficiently startup various joint venture projects. Tenz is closely involved in several Modern initiatives in the petrochemical, mining, steel, and aluminum sectors. He is also responsible for administration concerning the internal affairs of the Modern Group.

Prior to 2008 Tenz was Head of the Agency Unit in Samba Financial Group, formerly a Citibank-affiliate in Saudi. In this capacity, he was responsible for assisting mandated lead arrangers in structuring then executing and monitoring the terms of syndicated loan agreements and overall supervision of the bank’s agency operations.  He had responsibly performed the strict fiduciary functions and responsibilities of Samba as agent bank in all the syndicated multi-billion currency transactions, notable among which were the following:  Al-Jubail Petrochemical Co. (KEMYA) for a dollar term loan facility, Saudi Methanol Company (IBN SINA) dollar term loan, SABIC euro term loan in the three-syndicated facilities for a Europe asset acquisition, TradeCenter Co Ltd (“Kingdom”) Saudi riyal term loan, National Shipping Co of Saudi Arabia (NSCSA) and National Chemical Carriers Co (NCC) dollar loan for ship acquisition, Etisalat Consortium for a billion dollar guarantee issuance, Arabian Bemco multi-tranche facility for the PP9 Power Project, Saudi Steel Pipe Co. Ltd. profit participation loan, Al-Arab Saudi riyal loan for hospital construction, Saudi Binladin Group multi-tranche, dollar/riyal Shariah-compliant credit facilities for the Madina Expansion Project, Almabani General Contractor Company dollar loan for the Jeddah Airport Renovation Project, besides 35 other syndicated transactions in which Samba was a participant bank.  From 1990 to 1994 Tenz worked as assistant financial analyst in the Corporate Finance and Investor Marketing Division and then from 1995 was promoted to Assistant Manager in the Private Placement Department, Merchant Banking Group.

Tenz graduated with the degrees in Bachelor of Science in Commerce, Accounting major and a Bachelor of Laws and earned post-graduate one-year credit in MBA. He was licensed as member of Philippine Bar starting off his career in 1978 as in-house Counsel in a reputable investment house in Manila where he advised on commercial, financing, contractual and legal matters then in 1981 he took up employment with Abdul Latif Jameel Group, the Toyota distributor company in Saudi Arabia.