• 7 months ago

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00:00 "Of course, 2023 was a relatively difficult year for the Kuwaiti and regional investment sectors.
00:08 This change is perhaps one of the reasons why in the first quarter the events were more positive.
00:16 If we look at 2023, from October with the geopolitical events that took place in the region
00:24 and the international communication between China and the war in Russia and Ukraine,
00:30 the international problems that were affecting the region,
00:33 in the first quarter the financial markets were better in the region,
00:39 the oil prices rose a little and reached a higher level than the levels we saw in 2023.
00:50 I think the general atmosphere has become better and we as investment companies
00:56 are exposed to the markets and have an impact."
00:59 "If we look at the company's operational enemies, how did you find them?"
01:04 "Of course, we as a company, all the investment was operational for us in the field of the assets management sector.
01:12 We saw a good growth in the first quarter with new products and new customers,
01:23 in addition to an improvement in the prices of stocks and investments under our management.
01:30 In terms of asset management, it was a good quarter.
01:35 In terms of financial investment management, there were a number of deals.
01:39 We participated in one of the deals with 500 million dollars in stakes,
01:44 in addition to other deals that were related to income, and there were more deals on the way.
01:50 But I think that the first quarter, the fee income, or our main business in asset management,
01:57 financial investment management, was excellent and more than we expected."

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