Give me a bit of a sense of the impact of volatility and the Ukraine war has had on the debut of the stock.
Thank you very much Yousef. Good morning to you and to your viewers. We definitely have
very active capital markets in Saudi and it's been really moving very well over the last few years
since the Vision 2030 has been announced. And that really encouraged the economy and most of the leading companies like
Canada to really consider going IPO. Today we are getting into a new chapter in our history of four decades and now the medical
company. And we believe that will help us to continue developing our leading position in Saudi Arabia. Plus moving
beyond boundaries in the future. OK. So an optimistic tone. Then as the company debuts on the
exchange but you still haven't quite answered sort of a good portion of my question which was whether the Ukraine war and the
uncertainty in the market has weighed on the book building has weighed on the process and the execution in any way.
That's a very good question. Yousef but I found it a little bit
becoming a norm because we have just came out of this severe several waves of Covid and I believe uncertainty is the big name
of the game today. In any business in any country I believe companies who want to prevail and leave in the future have to be
able to deal with that uncertainty. And for for for the good of our business we believe the Saudi economy is solid
is stronger to make sure that we navigate during tough times and during all different changes. We have over the years establish
strong foundations business which will enable us to go through any different dynamics and uncertainties in the markets.
Which firms were some of the top investors in the Nahdi IPO. Well I can assure you that there has been the elite the most
strategic and well diversified base of investors a mix between local and multinationals. Some of the big names in the region
and the local market and the multinationals and all of them. They gave us the vote of their confidence and our history
capability and our future ambitions as well. In terms of the plans going forward the US and the EU have extra
capital or about to get extra capital. How is that going to get used. How does that affect MBNA and debt raising broadly.
Excellent. We have a history of very strong financial performance and our cash free cash convergence has always been
among the best in the industry. The the. And we are self-sufficient. So in the past we have financed our
CapEx requirements without any
loans or any leverage. And we believe that in the future our CapEx requirements are going to be recovered efficiently. Now
even if we have plans for acquisitions or emanations we will definitely use all the available tools for us.
Yes. I mean you talked earlier about how the company is having to deal with a new normal and yes the term is overused but just
in terms of the uncertainty. The big question mark is around inflation and how much more we're going to get around that. What
are you seeing in your supply chains. How much worse. Are cost pressure is going to get this far as you can tell from your own
data. Well we believe today global inflation is showing signs
everywhere in the world and it's becoming to different levels definitely. It's becoming a challenge for different markets here
in Saudi I believe. We have not seen major similar to some of the neighbor countries
or others. But we here in a we are we deal with all the different situations in full collaboration with regulators and
with the vendors with our partners in the business.