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00:00Sayed, you mentioned family offices there, and that's something we heard Bob talking about just before we spoke to you as well.
00:05Just tell us briefly, what is the importance of a family office?
00:09The region is built on family offices. The region culturally and economically is very interlinked within families.
00:18One of the big names we had is Mr. Khaled Zayani, OPE, awarded by Queen of England for his service.
00:27He's one of the oldest and most respected business people in the GCC in Bahrain, where he mentioned that, you know, within their large group and one of their group companies is InvestCorp, for example.
00:43In their large group, one thing we remember from his very lovely speech that he gave was you never have a CEO from the family, for example.
00:52You can fire a CEO, but you cannot fire family.
00:56And this is, in a way, how families here run businesses.
01:01And if you look at the economic ecosystem and mapping of the region, you will find that a lot of those large businesses are run by families.
01:08So it's important to keep those families collaborating, integrated and succeeding generation to generation.