A'Sharqiya Investment Holding Co. (SAOG) (SIHC) Earnings Call Transcript & Summary

Good morning, ladies and gentlemen. My name is Rajesh. Thank you for joining today, 24th August for the first half financials discussion of A'Sharqiya Holding and in subsidiary, Qalhat Investment -- Real Estate Investment Company. I see a few new names, so feel free to stop me for any questions that you have. And before we start the question-and-answer session, let me give you a quick update and a brief point of view of what -- from a management point of view, what the company is all about. So we -- for the first half of this year, our assets -- net asset per share, which is usually a good reference point for an investment company, is at OMR 0.218. And if you were to compare that with the year ended of 2025, it would be OMR 0.214. So there has been a gradual improvement in the book value, which is a fair measure as far as a holding -- investment holding company of our nature is concerned. Our assets have been fairly equally spread out. We have significant investments in fixed income instruments. We have significant investment in equities. We do have a large real estate bank, which is earning us sustainable cash flows, which is a very critical component of our revenue model. And at the same time, we've been fairly consistent in our return on our investments, both in terms of yield as well as dividend. In terms of our comparative on the financials, we have been fairly consistent in terms of our growth in our dividend income, in our interest income, income arising out of long-term relationship with our partner, which is Oman LNG, where we have got contracted cash flows for the next 5 years starting from 2025. So having said that, our financials are on fairly solid ground. In terms of future, we still are looking for opportunities for growth. That is a continuum. We will continue to look for opportunities where we see sustainable cash flows, kind of a growth pattern, which is in -- aligns with our philosophy of being able to build good assets going forward and making sure that there is not too much volatility as far as the company's financials are concerned. So that is the quick presentation, a quick summary of what this company is all about. I'm open to questions. So feel free to stop me for any questions. Thank you for joining for today. I see some names -- new names, Aishwarya Joshi, Rajasekhar Rao, Mr. Ali Khan, Peter Nelson, David, and I think there is an AI Notetaker Maram Malrabani. So ladies and gentlemen, if you have any questions, now is your -- please go ahead. While you are thinking about any questions, let me give you a little bit more background about what our investments are all about. So we have a portfolio wherein we have a bond portfolio, which is invested in non-GCC or European countries -- European -- Western countries, let me put it that way. We have a fairly large equity portfolio, which is largely GCC. We're trying to strengthen that and broad-base that equity instruments that you see in the balance sheet. And as we go along, we are trying to do both in a sustainable manner given the kind of interest rate situation that we are facing in this -- at this current point in time. So we see a lot of value both in the near term as far as both equity growth is concerned in the region because we think there is a lot of opportunity here in the GCC, both in terms of goods and services, construction, logistics, transportation, in which GCC is at this point in time constantly looking at improving that infrastructure. So we remain very positive on the region, and we will try and see how best to take advantage of that. Any questions? Well, I'm not seeing any questions coming up on the screen. Also, you're welcome to post it on the screen also if you wish to. And both me and my team is available for any questions that might come up subsequently. So feel free to reach out to us for any questions at this point in time. And we are available for any clarification that you may require going forward. So since there isn't any -- anything that is specifically being raised, I will close this session and stop the recording.

I think I will stop the recording.

Thank you, gentlemen. On behalf of A'Sharqiya, thanks for logging in today. We will post these on our website, the conversation that we have. So you feel free to reach out to us for any clarification required. Thank you, and have a good day.

Thank you. Thank you.