To begin with, I am delighted to report strong results in the third quarter of 2022. Considering the challenging times we have experienced increased volumes from every area of our highly valued long-term client base, benefiting from our diversified business model and dedicated employees. Our reserve calculations, while done diligently and carefully, now involve multiple scenarios, which may or may not occur and which can be expected to introduce quarterly volatility. The positive cashflow generated from our operations, provides us with meaningful capacity to further invest in our products, business and communities.
I have always maintained that AIX’s greatest attribute is our ability to pull together as a team when the demands placed upon us are at their most challenging. Our resilience in the face of adversity have been proven again and again on various occasions. And this to me, is an indication of the solid foundation, winning culture and values imbedded in our roots.
Our business model and how our revenue streams are generated, guarantee steady income to our investors and equally our stakeholders, will not be affected by the geo-political and the economic environment currently being experienced in different parts of the world. Additionally, with near term economic uncertainty, our reserve allows us to withstand an economic environment far worse than the current base forecast by most economists. In short “we have got your back covered”.
The growth in revenue is also due to an increased focus on and investment in business development and to the trust our investors have in us. We are determined to keep a high customer satisfaction score. We showed amazing dedication, agility and work ethic, continuing to leverage the benefits of deploying flexible resourcing, to grow our business units in quantity, quality and size and to strengthen the firm’s competencies.
AIX continues to deeply connect with investors all over the world. Driven by our strong competitive advantage and our product offerings, which have unmatched capacity that has regularly proven to be solid ground over time. Our strategy and business model is working, as we accelerate innovation and create the seamless products that provide value to our stakeholders.
We opened international offices in new markets such as Doha and Zurich, improved our digital and technical capabilities, and made acquisitions that will enhance our product offerings and deepen our engagement with our customers. We also continued to invest in our communities through sports activities and sponsorships.
Looking ahead with confidence, AIX brand’s momentum is as strong as ever and we are driving focused growth against our largest opportunities. Throughout these past years, we have been working hard to set the foundation. We have trained our team well and continuously to lead from the front, established processes and procedures in every department, signed partnerships and collaborations at different levels with some of the largest institutions in the world and won multiple global awards and recognition.
And now, I can proudly say, that we have a solid foundation in place, upon which we will build our growth and our future, not only in the region but on a global scale. We will continue to reach out to investors when and where they are receptive, with even more fortitude than ever before. We have what it takes, let’s not be shy of what together we can achieve.
Finally, I want to assure all our investors and stakeholders, that your team at AIX is embodying that spirit of togetherness and teamwork in all aspects of our work in service of you.
AIX Investment Group has strengthened its position as one of the industry leaders in the UAE, through its profound services and strategy in the past years. In response to growing demand and to reach new customers, as a part of our expansion, AIX Investment Group opened new offices in two locations offering professional services.
Expanding in the GCC region, one of the new offices is in Burj Doha. A high-rise tower and a distinguished landmark in the city of Doha, Qatar. Continuing and strengthening our presence in Europe, the second office is in Zurich, Switzerland.
The new offices are part of our business strategy during this period of growth and transformation.
AIX Investment Group was recognised by The Global Economics Limited as the “Most Innovative International Investment Advisory Firm” The Global Economics Awards is based in the UK and identifies business enterprises that excel in regional and global economies.
On 15th September 2022, the popular blockchain network Ethereum completed its long-awaited switch from proof-of-work to proof-of-stake. That upgrade process, better known as “The Merge”, has been in the making for years. According to the Ethereum Foundation, this transition decreases Ethereum’s energy consumption by 99.95% and reduces transaction costs.
The Merge was the coalition of the original execution layer of Ethereum (the Mainnet that has existed since genesis in 2015) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminated the need for energy-intensive mining, but instead enabled the network to be secured using staked ETH. It was truly, an exciting step in realizing the Ethereum vision—more scalability, security, and sustainability.
Fursan Hispania plays in the UAE First Division League, and we wish the team success for all their efforts. AIX Investment Group is the proud sponsor of the team and supports the development of the UAE football community.
RC Celta launched the team’s official jersey via Social Media on 20th July. The jersey is blue with refreshing changes and is sported by the players in the ongoing season. The team played four friendly matches pre-season, with different clubs around the world, travelling to the United States, Mexico, Kingdom of Saudi Arabia etc. Eight new players joined the team this season, and were introduced to the fans at an event held at the Abanca – Balaidos Stadium, Vigo on 10th August, 2022.
Setting the tone for the future of the firm, AIX Investment Group held an internal Corporate Event on 9th September 2022, at Caesar’s Forum, Bluewaters Island, Dubai. The New Era introduced the future growth strategy of the firm. The event was graced with the presence of our esteemed partner Rashid Khalaf Al Habtoor, employees and well-wishers from around the world.
“Goals are like magnets. They’ll attract the things that make them come true.” – Anthony Robbins