It's hard to put a value of the things one does. And then self-valuation of assets is always a tricky thing and subject to all sorts of moral hazard.
Today someone pointed out to me that an independent source had valued Suq Al Mal.
As with all good leaders I "immediately sprang into action" to take decisive action to learn the value: about US$175.20.
That may not seem like much, but as a good GCC investor I see the upside potential here.
Under my downside case business plan at 84 million hits per day Suq Al Mal will be worth a cool US$20.2 million. 84 million would represent just 1.2% of everyone in the world visiting my site each day.
At my base case plan of just a modest 12% (clearly something quite achievable) SAM is worth US$202 million.
And finally the upside case at 30% (I'm still the same old conservative AA) US$500 million.
Can an IPO be far away?
Or perhaps a mudaraba with Rotana? We can each contribute our assets and share 60:40 in the profits.
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