RAK Ceramics's Massaad: We Won't Be Passing Cost Rise to Consumer

The transcript discusses the operations of a multinational company, focusing on its market presence in the UAE, India, and Bangladesh. It highlights the company's expansion plans in Saudi Arabia, addressing supply chain challenges and pricing strategies. The company is focused on growth through core business activities and maintaining financial health. Additionally, it touches on the company's vaccination policy for its workforce.

What strategic action did the company take during the pandemic?

• They exited the UAE market.

• They reduced their workforce.

• They invested in technology upgrades.

• They stopped all production.

Which country is identified as the largest market in the GCC for the company?

• Kuwait

• Qatar

• Saudi Arabia

• United Arab Emirates

What percentage did the company increase its prices by this year?

• 1 to 2%

• 3 to 5%

• 9 to 10%

• 6 to 8%

What is the company's approach to handling increased costs?

• Halting production to save costs

• Improving productivity and reducing costs

• Absorbing all costs internally

• Passing all costs to customers

What is the company's net debt to EBITDA ratio?

• 1.5%

• 2.04%

• 4.0%

• 3.5%

What is the company's strategy regarding non-core businesses?

• Ignore them

• Merge them

• Exit them

• Expand them

What is the company's policy on employee vaccination?

• Only for new employees

• Not mandatory but encouraged

• Mandatory for all

• Not allowed