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  CHAIRMAN'S MESSAGE  
 

Mr. EISSA MOHAMMED AL FUNANI
Chairman Speech



TODAY, WE ARE LEADING INTEGRATED LOGISTICS AND FREIGHT FORWARDING PROVIDER AND THIS TRANSFORMATION WAS REFLECTED IN the PREVIOUS YEARS PERFORMANCE:


This positive and above-industry-average transition was derived from our ability to look ahead at every juncture, resulting in an early mover advantage across our businesses. We perceived an evolving external customer environment and a growing need to outsource logistics solutions to specialized service providers. KLC looked and thought ahead. The Company commissioned two divisions providing differentiated solutions – FREIGHT FORWARDING and express logistics.

The KLC division provides inbound/outbound FEIGHT FORWARDING AND LOGISTICS solutions right from conceptualization to implementation. The XPS division provides express door-to-door services for time-sensitive and high-value documents and parcels. The results of our proactive understanding of industry dynamics were reflected during the year under review.

KLC has continuously introduced new and innovative services from multi-modal transportation (road, rail, air, and sea) to express delivery solutions, from freight forwarding and customs clearances to warehouse management services. KLC strength lies in providing value- added services and complete supply chain solutions to suit the unique needs of our customers.



Optimism
What makes me optimistic about KLC?


A number of realities.
An increasing number of companies are outsourcing logistics to specialized service providers for a good reason – logistics (transportation, warehousing, inventory management and value-added services like packaging) represent one of the highest indirect production costs, making it imperative for companies to work with specialized service providers, who make it possible to reduce inventories and working capital outlay and strengthen overall businesses. KLC is the embodiment of this prove-what-you- say” environment.

KLC stands for an integrated solution. Even among organized logistics players, few have offerings across multiple modes through a single window. As a result, we do not just promise to deliver from point A to B, we promise to enhance our customers’ business productivity. The Endeavour is not just to cross-sell, but also up sell. KLC may have been started by an entrepreneur, but the Company combines the best of family-driven solidity and insight, with managerial professionalism through individual chief operating officers managing each business segment.




Outlook
At KLC, we expect to capitalize on growing national opportunities by venturing into new business segments and growing our existing segments, especially through the retention of key clients. Going ahead, we believe that industrial productivity; investments and GDP growth will increase, catalyzing KLC growth.

I would like to express my gratitude to our employees, bankers, customers, suppliers, advisors and other partners. They played a motivating role in our performance and we will Endeavour to enhance value for our family.