الرئيس التنفيذي لمجموعة gfh لـ CNBC عربية: الأموال التي تم جمعها من خلال الصناديق وصلت إلى 250 مليون دولار في الربع الأول

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Watch الرئيس التنفيذي لمجموعة gfh لـ CNBC عربية: الأموال التي تم جمعها من خلال الصناديق وصلت إلى 250 مليون دولار في الربع الأول - CNBCArabia on Dailymotion

Transcript

00:00 We will talk about the GFH profits,

00:02 the group that announced its financial data,

00:06 which came up in the first quarter to 27 million dollars in treasury revenues,

00:14 in addition to the private property investments,

00:17 which grew and supported the profits in the first quarter of the current year.

00:22 We will also be talking in detail about these data and these results,

00:27 and who supported the GFH in a big way,

00:30 and that is with Mr. Hisham Al-Rais,

00:32 who is the executive director of the GFH group.

00:35 Mr. Hisham, welcome to us.

00:38 First, who supported this profit for the group,

00:42 and in detail, which of the sectors contributed the most?

00:46 Thank you for the invitation.

00:49 We have, dear brother, three main sectors,

00:52 investment, commercial banking, treasury, and direct investments.

01:02 In the first quarter, there was a strong contribution from investment

01:05 and a number of successful withdrawals,

01:09 and the inclusion of partners in partner companies,

01:12 which reflected in the profits supported by the bank's results in the first quarter.

01:18 In addition to the marketing of a number of bonds

01:24 and fundraising for the bonds that were proposed in the past period,

01:32 the amount reached 250 million dollars in the first quarter.

01:38 Mr. Hisham, since you mentioned withdrawals,

01:41 let's talk about the most prominent withdrawals,

01:43 in addition to the sale of about 25% of the Gulf trade bank

01:47 to strategic partners,

01:49 to the extent that it may have supported and enhanced the profits.

01:53 Were there any consequences of these withdrawals?

01:56 Yes, the withdrawals in the first quarter contributed strongly to the company's profits.

02:03 The group was sold to the Gulf trade bank,

02:08 and the profit returned to the group at about 30 million dollars.

02:15 Also, the inclusion of strategic partners in the trade bank

02:21 with 25% of the market value,

02:28 reflected well in the bank's profits in the first quarter,

02:33 at about 30 million dollars,

02:36 in addition to the sale of a number of real estate in Dubai

02:39 to developers in real estate.

02:44 Mr. Hisham, let's talk about the markets in numbers.

02:48 How did these results contribute?

02:51 What about the Saudi market?

02:52 You are also open to expand in it.

02:57 Yes, we are focusing on the investment and management of bonds

03:03 on the Saudi market and the UAE in the Gulf region mainly,

03:09 in addition to Bahrain, and on the American market.

03:14 During the past period,

03:19 a number of bonds were issued for investment in the field of student housing

03:26 and medical buildings.

03:31 In total, the bonds amounted to 54 million dollars.

03:36 We are also focusing on the Saudi Kingdom and the Qahiliyya Fund,

03:41 which specializes in investment in health care sectors,

03:47 which we have acquired from one of the largest medical associations

03:52 and hospitals in South Saudi Arabia,

03:55 in addition to a number of clinics that we are focusing on.

04:01 We are working on the Saudi market in a large number of sectors,

04:08 whether in real estate or schools.

04:14 We are also currently in the process of introducing strategic partners

04:19 or, in the time of the school's closure,

04:23 on important investors in the region.

04:26 We are talking about the US $450 million market,

04:31 but what about the Saudi market?

04:33 What is the value of these expansions?

04:40 Specifically, I am talking about a number of governorates.

04:44 In the case of health care, the fund is approximately $600 million.

04:50 $400 million has been invested in it.

04:54 There are approximately 250 million in Saudi Arabia,

05:02 and the rest of the fund is estimated to be 600 million,

05:08 60% of which is in the Saudi Kingdom in the health care sector.

05:12 Also, if we talk about the educational reserve,

05:16 approximately 250 million,

05:18 50% of the reserve to 60% is focused on investments in Saudi Arabia.

05:28 In addition, we launched the Logistics fund last year.

05:34 Approximately $150 million was invested in the logistics sector

05:39 and warehouses in Saudi Arabia,

05:43 60% and 40% in the UAE.

05:46 The fund is currently being invested in the logistics sector

05:51 in Saudi Arabia,

05:53 with an investment of $100 million.

05:58 Mr. Hisham, the group has become more open

06:02 to unconventional investments.

06:04 We are talking about logistics in addition to the technology sector, right?

06:08 Yes, these sectors are the sectors that are growing,

06:14 especially with the opening of the region and the diversity of the economy.

06:18 Therefore, we are trying to focus on them in addition to the lines

06:25 and investments that are among the most important risks

06:30 in the health and education sector.

06:33 How much is the value and size of the assets and warehouses

06:36 that the group manages today?

06:38 What is the target at least until the end of 2024?

06:44 Currently, the assets are under management for about $21 billion.

06:51 God willing, it will reach $22 billion within the second quarter

07:01 with the completion of the purchase of investment-guaranteed

07:06 for investment banks and banks.

07:10 Therefore, by the end of the year,

07:15 we will reach $23 billion to $24 billion.

07:22 In the next three years, we will try to raise the size of the assets

07:26 to $50 billion over the next three years.

07:33 Mr. Hisham, how much is your financial center estimated today?

07:35 Does it allow all these expansions?

07:37 And in large markets, we are talking about a large number

07:40 and a huge number of markets, both in the Arab world

07:42 and in the United States?

07:45 Yes, dear brother, we have two types of investments.

07:51 There are investments that grow the financial center

07:57 to the institution itself and grow its profits

08:00 as a direct investment.

08:04 And there are other investments that are made for the benefit of the governor

08:08 who manages it.

08:10 Many of the investments in the health and education sector,

08:16 student housing and logistics are always under the governor's management.

08:22 Therefore, it is a third-party money that we manage

08:30 and we take the management and performance of the entire deal

08:37 to get the profits of the group.

08:40 Other investments are when we buy real estate managers or banks,

08:45 this is for the benefit of the group,

08:46 which increases its ability to compete and enter new markets.

08:52 So there are two types.

08:54 And therefore, thank God, with the development and consistency of the institution

09:02 and its commitment to the exports and distribution of profits,

09:06 this reflects the ability of the institution to receive the money

09:13 that is managed.

09:15 As I told you, in the first quarter, we made a fundraising of about 250 million

09:21 and annually we try to reach a billion dollars as additional money

09:30 that is used during the management of the group

09:34 to enter different sectors.

09:37 Mr. Hisham, one last question.

09:39 Do you study expansion in other markets in the Arab or global region?

09:43 Or do you focus on these markets only until at least the end of 2024?

09:50 No, of course, there are new markets that we add to the group in the region.

09:58 What are these markets, Mr. Hisham?

10:02 We focus on the Gulf region as a stable region and there is growth,

10:06 but now with the stability of the exchange rate for some countries

10:19 and its currency, we are studying to enter it with the transfer or migration to the currencies

10:27 and the announcement will be made soon, God willing.

10:30 You are finally pointing to Egypt here.

10:33 Without pointing.

10:35 And we thank you, Mr. Hisham Al-Rais,

10:39 and you are the executive director of the GFH group.

10:42 You were with us from Bahrain.

10:45 [BLANK_AUDIO]

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