The total property portfolio (as re-valued at end of 2009 ) is around €162 million and represents over 50% of SFS Group's total assets. The properties comprise primarily:

The Group acquired the majority of the above properties during the first half of 2000. From 2003 onwards, development has commenced on the land bank in addition to more active trading (both selling, buying and replacing) in order to better optimise the property portfolio return and improve its yield.

At the end of April 2005, the Group acquired a controlling stake of 53% in the public, not listed shipping group Lemissoler Shipping Co. Ltd which is based in Limassol, Cyprus . Lemissoler's main activities today involve third party ship management and a minority participation in ship owning group based in Bahrain.

• SFS Ocean Challenge Shipping Trust [a $200 million Cayman based shipping Trust managed
  by SFS Fund Management (Shipping) Ltd]
• Global Shariah Shipping Fund LP [a $150 million Cayman based Limited Partnership managed
  by Global Shipping Investment Management Ltd, an equally owned company by SFS Group and
  KFH Asset Management Sdn Bhd, a subsidiary of Kuwait Finance House]
  

The Group had invested in a number of private companies in Cyprus in an attempt to turn them around and either list them on the CSE or trade sell them. The total assets at the end of 2009 of these Private Equity investments is around €43 million or 15% of the SFS Group's total assets.

In 2007, having re-assessed its modus operandi, SFS decided to change from its conglomerate holdings model to a more agile portfolio investments approach. As part of the new strategy, the Group is in the process of executing optimal exit strategies for its Private Equity portfolio.

The major private equity sub-groups and their subsidiaries are:

Carmount Group -a leading importer and wholesaler in Cyprus of light machinery, hand and power tools, paint and related products, fencing, cast iron manholes and construction industry related consumables.

The major trading companies within this sub-group are:

• Aresti & Theokli
• DAPE Toolbase

Chrikar Trading Group - a leading importer and wholesaler in Cyprus of commodities, raw materials, ethnic and general foodstuffs for the catering industry, hotels, supermarkets, bakeries etc.

Regis Milk Industries- (51% controlling stake) the oldest and leading ice cream manufacturer in Cyprus with a market share of around 30%. The company also imports and wholesales other ice creams alongside its own brand.

Coyio - (70% controlling stake) a medium sized edible nuts, dried fruits and confectionery processing company based near Limassol. The company excels in the areas of hygiene and quality of food processing.

Forumfront - (81% controlling stake) is the company operating the Group owned Monte Caputo multi-function centre outside the sea-side town of Limassol . Monte Caputo is the largest purpose built multi-function hall of its kind in Cyprus . It has hosted over the last nine years beauty pageants, music contests, business conferences & conventions, exhibitions, televised bingos and numerous wedding receptions.

Dot.Cy Developments Ltd Private software development and IT support company in which the Group has a 27% stake.

Cypra Investment in Cypra Ltd was made in October 2005 and operations commenced in May 2006. Cypra’s operations include abattoir services, meat processing and trading, and biogas generation from the treatment and processing of biological waste. Abattoir facilities are modern, state of the art, EU regulation compliant. Its biogas operation is first of its kind in Cyprus; testimony to its zero waste policy and indicator of its environmental conscience

Helic Helic provides Electronic Design Automation software tools and semiconductor Intellectual Property with a mission to enable increased levels of miniaturization for semiconductor based wireless and broadband systems. The company is a world leading provider of rapid electromagnetics and RF silicon synthesis and verification technologies. In more than a decade of service to leading semiconductor companies, Helic revolutionizes the way integrated circuits and modules are being designed, verified and manufactured.The Group has a 31% stake in the company