Dubai's Shuua Shows First Profit in Seven Quarters

The transcript discusses Shaw's return to profitability, focusing on improving its SME portfolio and efficiency. It explores acquisition rumors, particularly with GFH, and outlines growth strategies through mergers and acquisitions. The discussion also covers asset allocation in the GCC amidst geopolitical risks and plans to revive financial services in Saudi Arabia and Egypt. The potential impact of the Saudi Aramco IPO and the theme of mergers and consolidations as market catalysts are highlighted.

What was a major factor in Shaw's return to profitability?

• Reduction in workforce

• Increase in product prices

• Improvement in the SME portfolio

• Expansion into new markets

What is part of Shaw's growth strategy?

• Reducing operational costs

• Focusing solely on organic growth

• Mergers and acquisitions

• Expanding into the technology sector

What is GFH currently focusing on?

• Reducing its workforce

• Consolidations and acquisitions

• Expanding into Asia

• Developing new products

Where is Shaw prioritizing its asset allocation?

• Europe

• Asia

• GCC

• North America

What is expected to be a catalyst for future activity in the GCC?

• The Saudi Aramco IPO

• New government policies

• Increased tourism

• Technological advancements