Category
🗞
NewsTranscript
00:00 [MUSIC PLAYING]
00:03 [MUSIC PLAYING]
00:06 [MUSIC PLAYING]
00:10 [MUSIC PLAYING]
00:13 [MUSIC PLAYING]
00:17 [NON-ENGLISH SPEECH]
00:20 [NON-ENGLISH SPEECH]
00:24 the end. [NON-ENGLISH SPEECH]
00:47 [NON-ENGLISH SPEECH]
00:48 [NON-ENGLISH SPEECH]
01:02 [NON-ENGLISH SPEECH]
01:04 [NON-ENGLISH SPEECH]
01:31 [NON-ENGLISH SPEECH]
01:45 [NON-ENGLISH SPEECH]
01:46 [NON-ENGLISH SPEECH]
01:55 [NON-ENGLISH SPEECH]
01:56 [NON-ENGLISH SPEECH]
02:05 [NON-ENGLISH SPEECH]
02:06 [NON-ENGLISH SPEECH]
02:07 [NON-ENGLISH SPEECH]
02:08 [NON-ENGLISH SPEECH]
02:09 [NON-ENGLISH SPEECH]
02:10 [NON-ENGLISH SPEECH]
02:11 [NON-ENGLISH SPEECH]
02:12 [NON-ENGLISH SPEECH]
02:13 [NON-ENGLISH SPEECH]
02:14 [NON-ENGLISH SPEECH]
02:15 [NON-ENGLISH SPEECH]
02:16 [NON-ENGLISH SPEECH]
02:17 [NON-ENGLISH SPEECH]
02:18 [NON-ENGLISH SPEECH]
02:19 [NON-ENGLISH SPEECH]
02:20 [NON-ENGLISH SPEECH]
02:21 [NON-ENGLISH SPEECH]
02:22 [NON-ENGLISH SPEECH]
02:23 [NON-ENGLISH SPEECH]
02:24 [NON-ENGLISH SPEECH]
02:25 [NON-ENGLISH SPEECH]
02:26 [NON-ENGLISH SPEECH]
02:27 [NON-ENGLISH SPEECH]
02:28 [NON-ENGLISH SPEECH]
02:29 [NON-ENGLISH SPEECH]
02:30 [NON-ENGLISH SPEECH]
02:31 [NON-ENGLISH SPEECH]
02:32 [NON-ENGLISH SPEECH]
02:33 [NON-ENGLISH SPEECH]
02:34 [NON-ENGLISH SPEECH]
02:35 [NON-ENGLISH SPEECH]
02:36 [NON-ENGLISH SPEECH]
02:37 [NON-ENGLISH SPEECH]
02:38 [NON-ENGLISH SPEECH]
02:39 [NON-ENGLISH SPEECH]
02:40 [NON-ENGLISH SPEECH]
02:41 [NON-ENGLISH SPEECH]
02:42 [NON-ENGLISH SPEECH]
02:43 [NON-ENGLISH SPEECH]
02:44 [NON-ENGLISH SPEECH]
02:45 [NON-ENGLISH SPEECH]
02:46 [NON-ENGLISH SPEECH]
02:47 [NON-ENGLISH SPEECH]
02:48 [NON-ENGLISH SPEECH]
02:49 [NON-ENGLISH SPEECH]
02:56 [NON-ENGLISH SPEECH]
03:01 [NON-ENGLISH SPEECH]
03:04 [NON-ENGLISH SPEECH]
03:07 [NON-ENGLISH SPEECH]
03:10 [NON-ENGLISH SPEECH]
03:13 [NON-ENGLISH SPEECH]
03:16 [NON-ENGLISH SPEECH]
03:21 [NON-ENGLISH SPEECH]
03:24 [NON-ENGLISH SPEECH]
03:27 [NON-ENGLISH SPEECH]
03:56 [NON-ENGLISH SPEECH]
04:09 [NON-ENGLISH SPEECH]
04:11 [NON-ENGLISH SPEECH]
04:13 [NON-ENGLISH SPEECH]
04:14 [NON-ENGLISH SPEECH]
04:15 [NON-ENGLISH SPEECH]
04:16 [NON-ENGLISH SPEECH]
04:17 [NON-ENGLISH SPEECH]
04:18 [NON-ENGLISH SPEECH]
04:19 [NON-ENGLISH SPEECH]
04:20 [NON-ENGLISH SPEECH]
04:21 [NON-ENGLISH SPEECH]
04:22 [NON-ENGLISH SPEECH]
04:23 [NON-ENGLISH SPEECH]
04:24 [NON-ENGLISH SPEECH]
04:25 [NON-ENGLISH SPEECH]
04:26 [NON-ENGLISH SPEECH]
04:27 [NON-ENGLISH SPEECH]
04:28 [NON-ENGLISH SPEECH]
04:29 [NON-ENGLISH SPEECH]
04:30 [NON-ENGLISH SPEECH]
04:31 [NON-ENGLISH SPEECH]
04:32 [NON-ENGLISH SPEECH]
04:33 [NON-ENGLISH SPEECH]
04:34 [NON-ENGLISH SPEECH]
04:35 [NON-ENGLISH SPEECH]
04:36 [NON-ENGLISH SPEECH]
04:37 [NON-ENGLISH SPEECH]
04:38 [NON-ENGLISH SPEECH]
04:39 [NON-ENGLISH SPEECH]
04:40 [NON-ENGLISH SPEECH]
04:41 [NON-ENGLISH SPEECH]
04:42 [NON-ENGLISH SPEECH]
04:43 [NON-ENGLISH SPEECH]
04:44 [NON-ENGLISH SPEECH]
04:45 [NON-ENGLISH SPEECH]
04:46 [NON-ENGLISH SPEECH]
04:47 [NON-ENGLISH SPEECH]
04:48 [NON-ENGLISH SPEECH]
04:49 [NON-ENGLISH SPEECH]
04:55 [NON-ENGLISH SPEECH]
04:56 [NON-ENGLISH SPEECH]
04:57 [NON-ENGLISH SPEECH]
04:58 [NON-ENGLISH SPEECH]
04:59 [NON-ENGLISH SPEECH]
05:00 [NON-ENGLISH SPEECH]
05:01 [NON-ENGLISH SPEECH]
05:02 [NON-ENGLISH SPEECH]
05:03 [NON-ENGLISH SPEECH]
05:04 [NON-ENGLISH SPEECH]
05:05 [NON-ENGLISH SPEECH]
05:06 [NON-ENGLISH SPEECH]
05:07 [NON-ENGLISH SPEECH]
05:08 [NON-ENGLISH SPEECH]
05:09 [NON-ENGLISH SPEECH]
05:10 [NON-ENGLISH SPEECH]
05:11 [NON-ENGLISH SPEECH]
05:12 [NON-ENGLISH SPEECH]
05:13 [NON-ENGLISH SPEECH]
05:14 [NON-ENGLISH SPEECH]
05:15 [NON-ENGLISH SPEECH]
05:16 [NON-ENGLISH SPEECH]
05:17 [NON-ENGLISH SPEECH]
05:19 [NON-ENGLISH SPEECH]
05:20 [NON-ENGLISH SPEECH]
05:21 [NON-ENGLISH SPEECH]
05:22 [NON-ENGLISH SPEECH]
05:23 [NON-ENGLISH SPEECH]
05:24 [NON-ENGLISH SPEECH]
05:25 [NON-ENGLISH SPEECH]
05:26 [NON-ENGLISH SPEECH]
05:27 [NON-ENGLISH SPEECH]
05:28 [NON-ENGLISH SPEECH]
05:29 [NON-ENGLISH SPEECH]
05:30 [NON-ENGLISH SPEECH]
05:31 [NON-ENGLISH SPEECH]
05:32 [NON-ENGLISH SPEECH]
05:33 [NON-ENGLISH SPEECH]
05:34 [NON-ENGLISH SPEECH]
05:35 [NON-ENGLISH SPEECH]
05:36 [NON-ENGLISH SPEECH]
05:37 [NON-ENGLISH SPEECH]
05:38 [NON-ENGLISH SPEECH]
05:39 [NON-ENGLISH SPEECH]
05:40 [NON-ENGLISH SPEECH]
05:41 [NON-ENGLISH SPEECH]
05:42 [NON-ENGLISH SPEECH]
05:43 [NON-ENGLISH SPEECH]
05:44 [NON-ENGLISH SPEECH]
05:45 [NON-ENGLISH SPEECH]
05:46 [NON-ENGLISH SPEECH]
05:47 [NON-ENGLISH SPEECH]
05:48 [NON-ENGLISH SPEECH]
05:49 [NON-ENGLISH SPEECH]
05:50 [NON-ENGLISH SPEECH]
05:51 [NON-ENGLISH SPEECH]
05:52 [NON-ENGLISH SPEECH]
05:53 [NON-ENGLISH SPEECH]
05:54 [NON-ENGLISH SPEECH]
05:55 [NON-ENGLISH SPEECH]
05:56 [NON-ENGLISH SPEECH]
05:57 [NON-ENGLISH SPEECH]
05:58 [NON-ENGLISH SPEECH]
05:59 [NON-ENGLISH SPEECH]
06:00 [NON-ENGLISH SPEECH]
06:01 [NON-ENGLISH SPEECH]
06:02 [NON-ENGLISH SPEECH]
06:03 [NON-ENGLISH SPEECH]
06:04 [NON-ENGLISH SPEECH]
06:05 [NON-ENGLISH SPEECH]
06:06 [NON-ENGLISH SPEECH]
06:12 [NON-ENGLISH SPEECH]
06:13 [NON-ENGLISH SPEECH]
06:14 [NON-ENGLISH SPEECH]
06:15 [NON-ENGLISH SPEECH]
06:16 [NON-ENGLISH SPEECH]
06:17 [NON-ENGLISH SPEECH]
06:18 [NON-ENGLISH SPEECH]
06:19 [NON-ENGLISH SPEECH]
06:20 [NON-ENGLISH SPEECH]
06:21 [NON-ENGLISH SPEECH]
06:22 [NON-ENGLISH SPEECH]
06:23 [NON-ENGLISH SPEECH]
06:24 [NON-ENGLISH SPEECH]
06:25 [NON-ENGLISH SPEECH]
06:26 [NON-ENGLISH SPEECH]
06:27 [NON-ENGLISH SPEECH]
06:28 [NON-ENGLISH SPEECH]
06:29 [NON-ENGLISH SPEECH]
06:30 [NON-ENGLISH SPEECH]
06:31 [NON-ENGLISH SPEECH]
06:32 [NON-ENGLISH SPEECH]
06:33 [NON-ENGLISH SPEECH]
06:34 [NON-ENGLISH SPEECH]
06:36 [NON-ENGLISH SPEECH]
06:37 [NON-ENGLISH SPEECH]
06:38 [NON-ENGLISH SPEECH]
06:39 [NON-ENGLISH SPEECH]
06:40 [NON-ENGLISH SPEECH]
06:41 [NON-ENGLISH SPEECH]
06:42 [NON-ENGLISH SPEECH]
06:43 [NON-ENGLISH SPEECH]
06:44 [NON-ENGLISH SPEECH]
06:45 [NON-ENGLISH SPEECH]
06:46 [NON-ENGLISH SPEECH]
06:47 [NON-ENGLISH SPEECH]
06:48 [NON-ENGLISH SPEECH]
06:49 [NON-ENGLISH SPEECH]
06:50 [NON-ENGLISH SPEECH]
06:51 [NON-ENGLISH SPEECH]
06:52 [NON-ENGLISH SPEECH]
06:53 [NON-ENGLISH SPEECH]
06:54 [NON-ENGLISH SPEECH]
06:55 [NON-ENGLISH SPEECH]
06:56 [NON-ENGLISH SPEECH]
06:57 [NON-ENGLISH SPEECH]
06:58 therefore in the future, there will be an increase in the share price, and an increase in the profits.
07:07 And so we changed the policy that after we were fixed on this distribution in the past years,
07:15 we said that we will start gradually increasing the distribution.
07:20 However, at the current share price, it is above 4% annually.
07:25 - And do you expect that it will be more than that after this period that you have set for 2026?
07:31 - I expect that we will announce the new distribution policy at that time.
07:37 At that time, a group of companies that we invest in at the moment and still do not achieve profits,
07:45 such as Kareem, will start making profits in 2026, and this will help us more to increase our profits.
07:53 - Today, the markets that you work in and the expansion that we see, how many new markets will you enter?
08:00 I mean, you were talking about markets in Eastern Europe, are there any new markets that you are targeting as well?
08:05 - Well, let's talk now, we as a technology company, not a telecommunications company,
08:10 we work in more than the markets that are in the financial institutions.
08:15 Because in the financial institutions, we are talking about telecommunications companies that we own at the moment,
08:20 and they are in 16 countries. But if we look at Kareem, Super App, and Star Display,
08:28 they work in 16 other countries, so in total there are 32.
08:33 This is before Eastern Europe, before we talk about expansion in Eastern Europe.
08:39 And we are also talking about the clients that we have at the moment.
08:43 We have in the financial institutions 169 million current shareholders,
08:48 but we also have between Star Display and Kareem, 53 million other shareholders.
08:55 There may be some of them are double, but to be sure,
09:01 the total number of shareholders we have between the technology side and telecommunications is over 200 million.
09:10 And we expect that this will increase with the expansion in Eastern Europe,
09:15 and the plan now, after we get the remaining agreements, is to have the existence.
09:22 When do you expect to complete these agreements?
09:24 We have achieved most of the agreements from the countries themselves,
09:29 but the European market still has one last agreement, we expect it to be in the coming two months.
09:36 What is your plan and your goals for these markets? How many will be there during the current period?
09:42 According to the current revenues in the past few years, it represents about 15% of the total volume.
09:50 So it is considered to a large extent and it has achieved a good profit.
09:55 We talk about Saudi Arabia and the Arab markets today, we saw the latest decisions on the mobile issue.
10:02 In your opinion, today your targets in the Saudi market are also, how will they be?
10:07 The Saudi market is one of the most successful markets, and we work on it through our investments in mobile.
10:13 And it is considered one of the most successful investments for us.
10:18 We are still the largest contributor in mobile and we have a 28% share.
10:22 And part of the excellent results we have achieved in 2023 is the mobile's net profit, which was also announced yesterday.
10:31 We had announced our intention to acquire 50% plus 1% in mobile, and we actually presented it to the Mobile Board of Directors.
10:44 And during the discussion in this presentation, we were waiting for the approval of the previous director.
10:52 But now the entire Saudi market has increased, and specifically the mobile share and the telecommunications shares in Saudi Arabia have increased.
11:01 A significant increase in the prices of the shares, and therefore the mobile share in the market today is at a higher price than the price we had presented.
11:11 And of course, as you and the viewers know, there must be an increase in the market price in acquisitions.
11:19 So the economic agenda for this acquisition at the moment has become unprecedented.
11:24 Today, if we are talking about charging electric cars and this new investment that you are addressing,
11:32 you had stated in a previous time to CNBC Arabia that you also aspire to do these projects outside the UAE.
11:39 Where will it be?
11:41 Of course, the priority will always go to the countries where we actually have operations in them.
11:46 Because this is much easier, because we have the experience and the trained work that you can allow us to do.
11:52 So we are currently looking at the licensing system for charging electric cars in countries like Egypt, Pakistan, and Morocco.
11:59 And this will be the next move after, God willing, the expansion in the UAE, which we have already started.
12:06 How much are the investments for these expansions?
12:09 I can't tell you the number, but it's hundreds of millions of dirhams.
12:14 Yes, and today, how much is the market share in the UAE market?
12:17 Unfortunately, there is no measurement yet for the market size, because a large part of people are still charging at their homes.
12:25 So there is no specific market share that we can say about it.
12:30 But we have a strong presence and it will increase over the coming months, God willing.
12:35 Thank you, Mr. Hatem Dwedar, CEO of the UAE E&D Group, for all these details.
12:41 So, our viewers, we come here to the end of a special interview from CNBC Arabia.
12:46 Thank you for watching.
12:48 Goodbye.
12:49 Goodbye.
12:50 [Music]