André Navarro

Responsible for defining, building, and scaling a high-impact strategic advisory and digital- platform serving Vision 2030–aligned projects, sovereign-linked entities, private developers, institutional investors, and technology-driven enterprises in Saudi Arabia and selected international markets. Provides strategic leadership, commercial direction, and institutional credibility, ensuring Thuraya Digital will operate as a trusted partner at the intersection of capital markets, digital assets, AI-enabled advisory, and large-scale transformation projects.

Lead responsibility for attracting private developers, institutional investors, and strategic partners for NEOM’s flagship projects - The Line, Trojena, Oxagon, Sindalah, and Magna. Developed JV, PPP, and co-development frameworks to unlock private capital, de-risk large-scale assets, and align with global investors such as Brookfield, Blackstone, and PIMCO. • Selected Transactions (NEOM Period 2023 - 2025) o Structured long-term steel supply agreements totaling up to 6 million tons with two of the world’s largest steel producers, valued at approximately $4-5 billion, securing strategic industrial inputs for NEOM’s foundational infrastructure o Led the negotiation and establishment of a modular construction joint venture exceeding $500 million to localize prefabricated building production in Saudi Arabia o Oversaw the market launch of NEOM’s first residential, hospitality, and commercial asset clusters with an aggregate gross development value above $10 billion o Developed innovative de-risking frameworks combining PPP structures, sukuk issuance, and sovereign guarantees to attract international financing o Engaged institutional investors and sovereign funds to structure blended finance and co-investment models to accelerate NEOM’s private sector participation

Directed global investment banking operations across Europe, Latin America, Africa, and Asia, delivering cross-border M&A, debt, and equity transactions across energy, infrastructure, and real estate sectors. • Selected Transactions (2014 - 2022) o Supervised the €2.93 billion privatization of ANA Aeroportos de Portugal to VINCI Concessions under a 50-year concession model o Managed the €8.5 billion Airbus fleet acquisition program for TAP Air Portugal under the Atlantic Gateway consortium o Structured the €3 billion acquisition of Brisa Auto-Estradas de Portugal by APG, NPS, and Swiss Life Asset Management o Executed the €375 million sale of Lagoas Park (Lisbon) to Kildare Partners and the subsequent €421 million resale to Henderson Park o Arranged €109.3 million project finance for NextEnergy Capital’s solar park portfolio and €220 million refinancing of Generg’s wind and small hydro projects o Coordinated the €680 million acquisition of six hydro power plants by Movhera (Engie, Predica, Crédit Agricole)

Member of the Board of Directors representing MillenniumBCP in one of Brazil’s largest telecommunications operators, with more than USD 12 billion of Revenues, 78 million clients and 15.000 direct employees. • President of the Finance Committee and Vice-President of Risk Committee. • Followed since the end of 2016 the largest debt and equity restructuring process in Latin América.

Private equity entity to invest on financial service projects and assets.

Advise the Shareholders on the development strategy for the African Continent.

Established the European banking platform for Angolan shareholders, expanding operations to Brazil, Macau, Angola, Mozambique, and Namibia. Led capital raising and developed real-time digital banking systems. • Selected Transactions (2008 - 2014) o Structured €50 million capitalization and launch of Banco Privado Atlântico Europa as the European hub of the Angolan financial group o Expanded corporate banking and project finance across Angola, Mozambique, and Portugal with focus on infrastructure and energy projects o Supported regional industrialization financing through export-import credit facilities and sovereign-backed lending programs

Launched SGCIB’s operations in Portugal, creating relationships with state, corporate, and institutional clients. Structured complex PPPs, M&A, and capital markets transactions. • Selected Transactions (2002 - 2008) o Advised the Portuguese government and EIB on the €897 million Vasco da Gama Bridge (Lusoponte) refinancing and PPP concession extension o Co-led the €1.6 billion Maghreb–Europe Gas Pipeline BOT financing connecting Algeria, Spain, and Portugal o Coordinated the €900 million Medgaz offshore gas pipeline project between Algeria and Spain o Supported Sonaecom’s €12 billion public takeover proposal for Portugal Telecom and Amorim Group’s €1.3 billion acquisition of Galp Energia o Oversaw €300 million PPP for the Sines–Aveiras fuel pipeline and €120 million Lusoponte concession refinancing

Designed, developed, and launched an online bank in partnership with a Portuguese financial institution. • Designed and prepared the project Business Model and Business Plan. • Designed and perform the market research analysis in coordination with the international consultant PRM. • Identified the profiles and selected the project commercial, technical, and operating teams. • Define the project technical requirements and selected and developed the technical platform. • Applied and negotiated the license process with the regulators. • Beta tested the project for launching. • Delivered the turn-key project.

Led project finance, risk analysis, and international expansion into Asia, CEE, Latin America, and Africa. Managed institutional relationships with global financial institutions. • Selected Transactions (1992 - 2002) o Designed financing structures for EDP’s €225 million Tapada do Outeiro (Turbogás) 990MW IPP with EIB participation o Originated the BES–BMCE Bank of Africa strategic partnership across Portugal and Morocco o Participated in early privatisations of Galp Energia, including Unicer’s stake acquisition (€75–100 million) o Supported Amorim Group’s acquisition of Galp Energia alongside Sonangol and the Portuguese State o Contributed to structuring of BES Asia subsidiary Banco Espírito Santo do Oriente (Macau) in 1995

Prepared feasibility studies, business plans and contractual packages for mining projects. • Structured and negotiated the finance packages for different new projects. • Restructured and refinanced projects after the conclusion of construction and Commercial Operation Date.