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NewsTranscript
00:00 The year 2023 was a good year, with the things that the world has gone through,
00:08 the markets, the increase in interest, it was a bit challenging, but thank God,
00:13 our results were good, we distributed the profits to the contributors.
00:16 Our main objectives showed the strength of the company,
00:20 and this is what we wanted to achieve, our investments in the Kuwait Stock Exchange,
00:25 our investments in the MyX Miami Stock Exchange,
00:28 which is the third largest stock exchange in the world,
00:31 Alwafir, which is a logistics company,
00:35 which is the one that holds the green market in Kuwait,
00:39 our investments in real estate, our savings in Arzan Wealth,
00:46 and thank God, things are good.
00:49 Based on these results, are you planning for new investments,
00:54 new stocks, new investments in the coming year?
00:58 Yes, we have established a new company, but most of the investments will be private equity.
01:04 MyX was supposed to be a public stock, but the IPO market in the US was closed.
01:09 Now it is back, so the company is supposed to be growing, God willing.
01:14 I would like to ask you about Arzan Wealth,
01:17 we noticed during the past period that it is an exceptional activity for the company.
01:20 Yes, we have established Arzan Wealth about 8 or 9 years ago,
01:25 and we have received about 3 billion dollars in management for investors,
01:33 through consulting, not through bonds, but each product is in a SPV company.
01:40 Thank God, the company has been able to get out of several investments,
01:47 and is now entering new investments,
01:50 and the young people who are in charge of it,
01:52 like Mohannad Abul Hasan, and under the management of Jassim Zaynel,
01:56 have established an excellent name for Arzan Capital and Arzan Wealth.