![]() "The timeline is to get things done right. "There's no timeline for an IPO," he added. And so I think eventually we will get there," Al Nuaimi said. "I think here in the UAE there is a good market that has been and will continue to grow for listed companies. Wio would also look at potential acquisitions in the region as it sought to become the Middle East's leading platform bank, the chairman said.Īl Nuaimi said Wio was well-funded thanks to its shareholders, so did not need an initial public offering of shares to raise funds, but nonetheless said one would likely happen at some point. It planned to expand its offerings to retail customers "in the next few quarters". Patel said Wio was in talks with businesses, including a regional e-commerce player, to distribute its services. Setting up Wio Business was currently the core focus, said Al Nuaimi. Wio chief executive Jayesh Patel said the bank could provide its own funding to SMEs, which it would serve with its Wio Business division, and also help them find other financing options. "Finding funding for them in different ways is something which we will have to do." And we believe that starting by being close to them and understanding them is very important," Wio chairman Salem Al Nuaimi told Reuters in an interview. #SMALLAND PLATFORMS PC#Smalland is coming to consoles and PC ( Steam) in 2021."SMEs have a lot of pain points that have been under-catered to historically for many reasons. Highly responsive and reliable yet cost-effective, the MAC-100 is ideally suited for the needs of smaller missions. Our MAC-100 microsatellite bus platform is targeted for low Earth orbit (LEO) missions with design lifetimes on the order of two years.
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