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In this episode of Majlis, Usman Asif sits down with Omar Shah and Mubariz Siddique for a wide-ranging conversation that moves from Riyadh’s rising opportunity to the deeper structural realities shaping Pakistan’s business landscape. They talk about why Saudi Arabia is suddenly attracting founders from across the region, how capital actually moves, and why most companies choose comfort over scale. The discussion then shifts to IPO culture, equity compounding, talent drain, and the difficult leadership decisions that can make or break a company. Along the way, they unpack uncomfortable questions: Why don’t more tech companies go public? Why does capital prefer real estate over entrepreneurs? And when integrity and performance collide, how should a leader decide? This is not a polished success story. It’s an honest, unfiltered Majlis on markets, mindset, and the trade-offs behind real growth. Watch till the end for insights on equity, second chances, and what it really takes to build companies that last. @mubariz.siddiqui 0:00 Intro 0:40 Pakistani Joshanda vs American Joshanda 2:15 Why Riyadh Is the Focus 4:00 The Power of Oil Money and Aramco 6:10 Firsthand Experience in Riyadh 9:40 Saudi Culture vs Dubai Lifestyle 12:00 IPOs as a Health Indicator 14:05 Why Founders Avoid IPOs 17:30 India vs Pakistan Market Multiples 19:35 Freelancers vs Companies: A Broken Incentive 21:25 Patari & Omar Shah 25:40 Real Estate vs Business Investment Mindset 28:00 Pakistan vs India: Funding Ecosystem Gap 29:10 Starting from Zero: Personal Struggle and Survival 32:00 Saudi Arabia’s Startup-Friendly Ecosystem 32:35 Team Breakdown and the Fall of Patari 35:15 Boardroom Decisions That Changed Everything 37:00 Second Chances? 41:00 PR vs Business Reality: A CEO’s Responsibility 43:00 Scaling Culture for an 80,000-Person Company 43:30 Understanding AGI and Consciousness 46:00 AI Hallucinations and Human-in-the-Loop Risk 48:30 AI Threats and Ethics in Sensitive Societies 50:55 Mob Behavior, Control, and the Internet 53:40 Ethics of Using Public Data in AI 57:10 Is AI Creating a Scary or Better Future? 59:00 America’s Strategic Force and Global Influence 1:00:40 Global Economic Shifts & Dollar Devaluation 1:02:00 Saudi-Pakistan Relations & Geopolitical Respect 1:05:00 JF-17s, Loans, and Regional Stability