I am delighted to welcome you to our new website. The updated version will provide you with an overview of AFKAR’s business performance and recent stake acquisitions. Our strategic investment approaches have been instrumental in ensuring that the investment classifications, sectors, and geographical allocations are chosen carefully to maximize expected excess return per shares.
Despite the unprecedented challenges posed by COVID-19 pandemic, we were able to respond quickly to mitigate its effects, reduce our cost base, and enhance our capabilities to meet the accelerated demand in the market. AFKAR team played a significant role in the development of the company and the diligence of the management team and their adherence to a balanced strategy, have recognized the company to realize moderate profitability.
The company continues to ramp up its operations in sectors where it has direct investment including industrial, technical, services sectors as well as the private equity acquisitions. This is a part of our business plan to diversify and expand its investment base, develop projects, and maximize return on investments.
Looking ahead, the company is evaluating opportunities to enter into new service sectors such as the healthcare and pharmaceuticals, water desalination etc. within the package of projects, currently subjected to due diligence.
in view of these sound results and the anticipated local and regional economic growth, AFKAR targets to maximize the return on equity by continuing to implement its strategic plan and focusing on optimal results during the forthcoming period.
Abdulwahab Asaad Al Sanad