aqw.mp4
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00:00 Let's start with this proposal, which is more than 8% of the company's shares.
00:07 What are the reasons for the market and what is the target of the proposal?
00:14 We see that the proposal for the general writing is a very important step.
00:24 It is a milestone for many companies.
00:30 Despite the success of Kuwara in its journey since its establishment in 2009,
00:35 it is natural to propose the company's shares at this stage.
00:43 It is a fundamental part of our strategy based on sustainable growth
00:48 and to enhance our presence in the Saudi market.
00:52 Is the 8% of the company's shares worth increasing?
00:58 Or will it be enough at the first stage?
01:02 It will be enough at the first stage.
01:07 Hopefully, the future is bright.
01:10 What about the targeted companies?
01:13 We are targeting a large number of investors.
01:19 But we are targeting the investors in the financial, digital, security and commercial sectors.
01:29 They do not want to miss the opportunity of Kuwara's success and sustainable growth.
01:36 We know that there is a big competition between banks and financial institutions.
01:48 Which sectors are targeted by Kuwara?
01:54 Or which sectors are most in demand?
01:59 We have many sectors that have been targeted by Kuwara.
02:12 We are focusing on supporting the sectors, and the most important is their rapid growth.
02:19 We are also focusing on supporting the sectors that are targeted by RU2030,
02:25 and the government programs that are targeted by the government,
02:29 such as the Kefala program and other sectors.
02:32 How much funding have you provided so far?
02:41 We have provided more than 700 million Riyals last year.
02:47 Do you expect to increase the amount of funding this year?
02:52 The results are good.
02:56 According to the results of the first half of 2023,
03:03 we will see a growth and financial stability at the end of the year.
03:11 We will see new products and funding for sectors that have not been provided by Kuwara.
03:27 We have many products that are in development.
03:33 The main element of these products is that they are digital products
03:40 and support different sectors, whether for institutions or individuals.
03:44 We will soon see the opportunity to launch them in the markets.
03:48 How much funding are you providing for the institutions?
03:55 What are the conditions for providing this funding?
04:01 We have a minimum funding of 15 million Riyals,
04:11 and for individuals, it is 100,000 Riyals.
04:15 We are also working to balance the funding of the needs of the client,
04:32 his current and future needs, and the ease of his financial commitments.
04:39 We always aim to be a bridge between the client and his goals through funding.
04:44 Our policy of trust depends on the demand, the sector,
04:49 the time and the needs of the client.
04:53 It is studied from one case to another.
04:56 But, thank God, we have used technology extensively.
04:59 I was not surprised to study some of the demands for weeks.
05:04 Thank God, we have a lot of financial solutions.
05:09 What about the market share of Saudi finance?
05:14 Will it remain within the Saudi market,
05:17 or is there a strategic plan to move to other markets?
05:22 We hope to be the leading company in the finance sector,
05:32 in terms of speed, technology and high security.
05:38 Thank God, we have grown over the past few years.
05:44 We are focusing on our clients in the Kingdom of Saudi Arabia,
05:49 in all areas.
05:51 We have expanded and spread in the Kingdom.
05:55 We are continuing to do so.
05:57 We are not focusing on the clients in the neighboring countries.
06:04 We wish you all the best, Mr. Faisal Al-Sheikh,
06:08 CEO of Quara Finance.
06:10 Thank you, Riyad.
06:13 Allah hafiz.