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00:00 We are working to list the funds because this is a brand which is Dubai finance.
00:10 As you know, this is a market with many advantages and Spinaz is a commercial brand in Dubai.
00:22 We believe that it is the right time to invite investors to participate in this initial year.
00:34 This has created a great opportunity for investors and the feedback we received from investors
00:43 was positive when they learned about the news of the step that the Dubai financial market has grown very much.
00:53 If we look at the performance of this market, we saw the performance of continuous improvement and improvement in the centers since the steps.
01:07 We were able to benefit from this achievement.
01:14 I repeat, the time is suitable for companies like Spinaz.
01:16 We are a fresh food retailer known for excellent customer service.
01:27 At the same time, customers love this brand in UAE, particularly in Dubai.
01:32 We have a 27% market share here.
01:35 Our growth opportunities through our private level, online penetration, as well as entering the Saudi market.
01:44 In addition, we are looking at a vertical integrated business model called Kitchen by Spinaz.
01:53 Yes, and as it seems, we only have a technical defect in the sound.
01:57 We will return to our guest Mr. Sonay Alkomar, the CEO of Spinaz, who was speaking honestly about the proposal of this company.
02:07 He was talking about the choice of the Dubai financial market.
02:11 The company is currently operating in the UAE market and has a large number of branches there.
02:17 He even pointed out that he sees the company as the right time for this proposal.
02:23 He pointed out the importance of this time through this proposal.
02:27 The company announced a 25% investment in Dubai's financial market.
02:31 He said that the investment in the Dubai financial market may be of great importance as a result of the growth of this market.
02:40 Indeed, we have seen the proposals that we have seen, knowing that the recent proposals that the UAE markets have seen,
02:48 whether Abu Dhabi or even Dubai, were government proposals.
02:52 We have seen that the demand was strong and the proposals were large for these companies recently.
02:58 And the hype seems to continue for the entry of new companies into the UAE financial market.
03:06 Many sectors, including the entry of this company, even the diversity of the investor today may be different.
03:16 We have many sectors, far from what we are used to, such as the financial sector and the energy sector, but there are new sectors today.
03:24 We saw the shares of Barkin in Ramadan last year.
03:28 The most important thing that you mentioned is that most of the levels and registrations in the Dubai financial market,
03:34 including Abu Dhabi, are not covered quickly.
03:38 We may not go to extend the period of registrations to cover these levels.
03:44 This may be the case in the sectors, far from the traditional financial and industrial sectors.
03:50 Indeed, this may be the case in front of many investment channels.
03:56 This may be a change, because there are people who say, "I will not enter the financial sector."
04:02 Or maybe I want sectors that are more traditional.
04:06 And when there are sectors like this, we talked about the Spanish company today,
04:10 maybe all of us as individuals in society may buy from it.
04:16 This is the distribution sector for all.
04:20 We cannot do without this sector.
04:24 We did not buy from it again because it was removed from the Qatar market recently.
04:30 We can convey this to our guest, Mr. Sonil Kumar, the CEO of the company.
04:38 Mr. Sonil, you are committed to 25% of the capital.
04:42 The capital is basically 36 million.
04:46 These numbers are modest compared to the size of the Dubai financial market that you were referring to a while ago.
04:54 Who will keep the remaining 75%?
04:58 Spanish is a local brand in Dubai.
05:12 It is a very successful company in the UAE.
05:16 This is a private company that is moving towards a success story.
05:22 The capital is 36 million.
05:26 25% of this capital will be used for the growth of the company.
05:30 The remaining 75% will be used for the shares of those who own the shares.
05:40 Mr. Sonil, the investor is also concerned about the strategy of the company's profit distribution.
05:50 Yes, we have a plan for profit distribution.
06:00 The profit distribution will be 10% of the annual profit after the taxes are paid.
06:10 The profit will be distributed twice a year in April and October.
06:16 The profit will be distributed in the first quarter.
06:20 Mr. Sonil, what about the price of the product?
06:24 The offer was 0.0 dirhams.
06:26 What about the price of the product?
06:30 What will be collected from this offer?
06:34 The offer is estimated to be 9 million dirhams.
06:36 Where will you go?
06:38 We are in a price discounting process.
06:48 We are working on the price of the product.
06:56 The price of the product will be available for the shares starting from the opening of the offer on April 23.
07:04 We will estimate the price of the share to be 0.0 dirhams for each share.
07:12 Let's talk about the performance of the company.
07:18 What do you expect from the company's performance this year?
07:28 We have a track record of growth since I took over from 2012.
07:40 We recorded a growth of 8.2% from 2019 to 2022.
07:48 In 2023, we recorded a growth of 9.9% in terms of revenues.
08:00 We recorded a growth of 19.6% in terms of print sales.
08:06 We are expecting a big growth for the company.
08:10 We will look at the opportunities in the Kingdom of Saudi Arabia and in the UAE markets.
08:16 We take into account that the economic growth of the economic markets is a good growth.
08:22 We are facing great opportunities to record a bigger growth.
08:26 In addition to that, we record growth in the number of customers and entry into new markets.
08:34 We have a new model of work by Spenis.
08:38 We are providing new solutions and products for our customers.
08:42 We are building the ability to sell on the Internet and provide services online.
08:48 Is the book for individuals only or for companies and companies?
09:10 We have received a very good response from investors and our response is very positive.
09:18 We will open the book on April 23rd to 29th for individual investors in the country.
09:28 We will open the book on April 23rd to 29th for individual investors in the country.
09:40 We talked about the company's work today.
09:46 The shipping sector has faced a number of challenges.
09:52 What impact will the company have on the shipping sector?
10:00 We have new expansion plans in Saudi Arabia.
10:08 What are the plans for the expansion of Spenis?
10:20 We have a very robust supply chain model.
10:24 We have a very strong supply chain model.
10:28 We have a source supply chain model.
10:32 We have a source supply chain model.
10:36 We have a source supply chain model.
10:40 We have a source supply chain model.
10:44 We have a source supply chain model.
10:50 We have a source supply chain model.
10:56 We have a source supply chain model.
11:02 We have a source supply chain model.
11:08 We have a source supply chain model.
11:14 We have a source supply chain model.
11:20 We have a source supply chain model.
11:26 We have a source supply chain model.
11:32 We have a source supply chain model.
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