00:00We are extremely proud to be the first company to list on the DFM this year.
00:05It's a very proud moment for us, a big milestone also for the family and for the business.
00:10But we're also the first family business that are actually listing in the UAE,
00:15and this is something, of course, we take very proudly.
00:17The reason that we have embarked on this IPO journey mainly is to protect the successes
00:22that we have had over the five and a half decades in the history of the organization
00:27and really reposition it for its next phase of growth.
00:30This is very different when you go and speak to maybe regulators around the region.
00:34As a family business, it's very different when you're going in as a listed company,
00:38and this is what we're hoping, is to open new avenues of growth for us.
00:41We already dominate the UAE market, it's our home turf, but we want to expand.
00:45We've already demonstrated our capability to expand into Kuwait.
00:49We have entered the Kuwaiti market in 2002, grew organically.
00:53We have recently concluded an acquisition in order to position us
00:56as the fourth largest player in the Kuwaiti market.
00:59We can replicate these successes in other GCC markets.
01:02GCC market represents 25% when it comes to the global remittances
01:09or personal outward remittances that takes place around the world.
01:12So it's a very important and strategic place for us to consider for our growth strategy.
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