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00:00 We are always interested in our performance being excellent.
00:04 And to be honest, in the first quarter we finished with a number of boxes,
00:09 but three main boxes for us.
00:12 Our Islamic Dora box came in the first place in the performance for the first quarter.
00:18 And we have two boxes in the conventional.
00:23 And they came in the first three boxes, the first three centers were in it.
00:30 So our boxes and our stores perform well, and thank God in the financial markets,
00:36 we have exposure for our customers, and thank God the first quarter was good for performance.
00:45 How big is the Modara assets under the current supervision of Kamco?
00:50 Of course, we finished the year 2023 with $14.9 billion.
00:57 And the first quarter, with the acquisition of money and improvement in the markets,
01:03 reached $15.6 billion, with a good growth rate for this period.
01:11 If I miss this opportunity, I would like to ask you about your opinion on the performance of the Kuwaiti stock exchange in the first quarter.
01:16 I think the first quarter was better. Maybe today we are talking and we are in the second quarter.
01:22 We saw a little performance in the second quarter so far, but the first quarter in general was good.
01:29 And the Kuwaiti stock exchange was one of the best markets in the region in performance,
01:35 in increasing liquidity, in increasing performance.
01:38 I think with the annual results, it was good, even if we compare it with the past,
01:52 but in general it was good, and the market performance is in line with the results.
01:58 In light of global changes, especially in terms of interest rates and the geopolitical situation,
02:05 what will be the focus of Camco in the next phase?
02:09 We must remember that we have three main markets, our Kuwaiti market, the Saudi market and the Emirati market.
02:18 During the past year and this year, we were optimistic about the growth of our business there,
02:25 in developing our investment in infrastructure, in strengthening the labor force,
02:31 and in expanding our business in these three countries,
02:35 in addition to opening a regional office in the United Kingdom last year, which also contributes.
02:40 So, for us, our optimism in the region is there, and we look forward to 2024 being better than 2023.
02:49 As I mentioned, the interest rate was expected to fall faster,
02:56 but the global inflation rates remained at slightly high levels,
03:01 which led to the expectation that the decline will take a longer time,
03:05 and this year there may be a decline in the second half of the year,
03:11 and this will certainly be a positive interaction with the markets.