{"id":122962,"date":"2025-12-26T19:24:30","date_gmt":"2025-12-26T18:24:30","guid":{"rendered":"https:\/\/ceadigilaw.org\/blog\/capital-without-a-destination-projects-without-financing\/"},"modified":"2025-12-26T19:24:30","modified_gmt":"2025-12-26T18:24:30","slug":"capital-without-a-destination-projects-without-financing","status":"publish","type":"post","link":"https:\/\/ceadigilaw.org\/ar\/blog\/capital-without-a-destination-projects-without-financing\/","title":{"rendered":"\u0631\u0623\u0633 \u0645\u0627\u0644 \u0628\u0644\u0627 \u0648\u062c\u0647\u0629\u060c \u0648\u0645\u0634\u0627\u0631\u064a\u0639 \u0628\u0644\u0627 \u062a\u0645\u0648\u064a\u0644."},"content":{"rendered":"

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\u0645\u0646\u0638\u0648\u0631 \u0627\u0644\u0634\u0631\u0643\u0627\u062a: \u0631\u0623\u0633 \u0645\u0627\u0644 \u0645\u062a\u0627\u062d \u0644\u0627 \u064a\u0635\u0644 \u0623\u0628\u062f\u0627\u064b<\/strong><\/p>\n

\u0623\u0645\u0627 \u0645\u0646 \u062c\u0647\u0629 \u0627\u0644\u0634\u0631\u0643\u0627\u062a\u060c \u0641\u0627\u0644\u0634\u0643\u0648\u0649 \u0645\u0639\u0643\u0648\u0633\u0629\u060c \u0644\u0643\u0646\u0647\u0627 \u0645\u0643\u0645\u0651\u0644\u0629 \u0644\u0644\u0623\u0648\u0644\u0649: \u0647\u0646\u0627\u0643 \u0623\u0645\u0648\u0627\u0644 \u0645\u062a\u0627\u062d\u0629\u060c \u0644\u0643\u0646\u0647\u0627 \u0644\u064a\u0633\u062a \u0644\u0647\u0627. \u0648\u064a\u0634\u0639\u0631 \u0643\u062b\u064a\u0631 \u0645\u0646 \u0627\u0644\u0645\u0624\u0633\u0633\u064a\u0646 \u0628\u0623\u0646\u0647\u0645 \u064a\u0637\u0631\u0642\u0648\u0646 \u0623\u0628\u0648\u0627\u0628\u0627\u064b \u0644\u0627 \u062a\u064f\u0641\u062a\u062d \u0623\u0628\u062f\u0627\u064b\u060c \u062f\u0648\u0646 \u0623\u0646 \u064a\u062f\u0631\u0643\u0648\u0627 \u062a\u0645\u0627\u0645\u0627\u064b \u0645\u0627 \u0627\u0644\u0630\u064a \u064a\u0646\u0642\u0635\u0647\u0645.<\/p>\n

\u0648\u0627\u0644\u0648\u0627\u0642\u0639 \u0642\u0627\u0633\u064d: \u0644\u0627 \u062a\u0643\u0641\u064a \u0627\u0644\u0641\u0643\u0631\u0629 \u0627\u0644\u062c\u064a\u062f\u0629\u060c \u0648\u0644\u0627 \u062d\u062a\u0649 \u0627\u0644\u0645\u0646\u062a\u062c \u0627\u0644\u062c\u064a\u062f\u061b \u0628\u0644 \u0644\u0627 \u0628\u062f \u0645\u0646 \u0645\u0639\u0631\u0641\u0629 \u0643\u064a\u0641\u064a\u0629 \u0639\u0631\u0636\u0647 \u0648\u0647\u064a\u0643\u0644\u062a\u0647 \u0628\u0648\u0635\u0641\u0647 \u0641\u0631\u0635\u0629 \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629. \u0648\u0647\u0646\u0627 \u062a\u062d\u062f\u064a\u062f\u0627\u064b \u064a\u063a\u0631\u0642 \u0645\u0639\u0638\u0645\u0647\u0645.<\/p>\n

\u062d\u062f\u0651\u062f\u062a \u062f\u0631\u0627\u0633\u0629 \u062d\u062f\u064a\u062b\u0629 \u0639\u0646 \u0627\u0644\u0645\u0646\u0634\u0622\u062a \u0627\u0644\u0635\u063a\u064a\u0631\u0629 \u0648\u0627\u0644\u0645\u062a\u0648\u0633\u0637\u0629 \u0641\u064a \u0623\u0633\u0648\u0627\u0642 \u0645\u0645\u0627\u062b\u0644\u0629 \u0623\u0628\u0631\u0632 \u0627\u0644\u0639\u0648\u0627\u0626\u0642 \u0627\u0644\u062f\u0627\u062e\u0644\u064a\u0629: \u0636\u0639\u0641 \u0627\u0644\u0631\u0642\u0627\u0628\u0629 \u0627\u0644\u0625\u062f\u0627\u0631\u064a\u0629 \u0648\u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0641\u064a 42% \u0645\u0646 \u0627\u0644\u062d\u0627\u0644\u0627\u062a\u060c \u0648\u0642\u0635\u0648\u0631 \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629 \u0627\u0644\u062a\u0648\u0627\u0635\u0644 \u0641\u064a 20%\u060c \u0648\u0647\u0634\u0627\u0634\u0629 \u0635\u064a\u0627\u063a\u0629 \u0646\u0645\u0648\u0630\u062c \u0627\u0644\u0639\u0645\u0644 \u0641\u064a 14%. \u0648\u0647\u064a \u0639\u064a\u0648\u0628 \u0645\u0646 \u0627\u0644\u0623\u0633\u0627\u0633 \u062a\u0642\u0648\u0651\u0636 \u062b\u0642\u0629 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0642\u0628\u0644 \u0623\u0646 \u064a\u062a\u0645\u0643\u0646 \u062d\u062a\u0649 \u0645\u0646 \u062a\u0642\u064a\u064a\u0645 \u0625\u0645\u0643\u0627\u0646\u0627\u062a \u0627\u0644\u0646\u0634\u0627\u0637.<\/p>\n

\u0627\u0644\u0634\u0631\u0643\u0629 \u0627\u0644\u0646\u0627\u0634\u0626\u0629 \u0641\u064a \u0645\u0631\u062d\u0644\u0629 \u0627\u0644\u0628\u0630\u0631\u0629 \u0644\u0627 \u062a\u0645\u0644\u0643 \u0633\u0648\u0649 \u0641\u0643\u0631\u0629\u060c \u0623\u0648 \u0623\u0643\u062b\u0631 \u0645\u0646\u0647\u0627 \u0628\u0642\u0644\u064a\u0644: \u0644\u0627 \u0645\u0646\u062a\u062c \u0645\u064f\u062e\u062a\u0628\u064e\u0631\u060c \u0648\u0644\u0627 \u0639\u0645\u0644\u0627\u0621 \u0645\u0646\u062a\u0638\u0645\u0648\u0646\u060c \u0648\u0644\u0627 \u0633\u064a\u0648\u0644\u0629. \u0648\u062e\u064a\u0627\u0631\u0647\u0627 \u0627\u0644\u0648\u0627\u0642\u0639\u064a \u0627\u0644\u0648\u062d\u064a\u062f \u0647\u0648 \u0623\u0645\u0648\u0627\u0644 \u0627\u0644\u0639\u0627\u0626\u0644\u0629 \u0648\u0627\u0644\u0623\u0635\u062f\u0642\u0627\u0621 \u0648\u0627\u0644\u0645\u063a\u0627\u0645\u0631\u064a\u0646 (FFF: family, friends, fools)\u060c \u0623\u0648 \u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646 \u0645\u0644\u0627\u0626\u0643\u064a\u0648\u0646 \u0645\u0633\u062a\u0639\u062f\u0648\u0646 \u0644\u0644\u0645\u0631\u0627\u0647\u0646\u0629 \u0639\u0644\u0649 \u0627\u0644\u0641\u0631\u064a\u0642. \u0641\u0647\u064a \u0644\u064a\u0633\u062a \u0645\u0647\u064a\u0623\u0629 \u0644\u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0645\u0624\u0633\u0633\u064a\u060c \u0648\u0644\u0627 \u064a\u0646\u0628\u063a\u064a \u0623\u0646 \u062a\u0643\u0648\u0646 \u0643\u0630\u0644\u0643 \u0628\u0639\u062f. \u0648\u0645\u0639 \u0630\u0644\u0643 \u064a\u062d\u0627\u0648\u0644 \u0643\u062b\u064a\u0631 \u0645\u0646\u0647\u0627 \u0627\u0644\u0642\u0641\u0632 \u0639\u0644\u0649 \u0647\u0630\u0647 \u0627\u0644\u0645\u0631\u062d\u0644\u0629\u060c \u0641\u064a\u0637\u0631\u0642 \u0623\u0628\u0648\u0627\u0628 \u0635\u0646\u0627\u062f\u064a\u0642 \u0644\u0627 \u062a\u0633\u062a\u0637\u064a\u0639 \u062e\u062f\u0645\u062a\u0647\u0627\u060c \u0648\u0644\u0627 \u064a\u0646\u0628\u063a\u064a \u0644\u0647\u0627 \u0630\u0644\u0643.<\/p>\n

\u0623\u0645\u0627 \u0627\u0644\u0634\u0631\u0643\u0629 \u0641\u064a \u0645\u0631\u062d\u0644\u062a\u0647\u0627 \u0627\u0644\u0645\u0628\u0643\u0631\u0629 (early-stage) \u0641\u0644\u062f\u064a\u0647\u0627 \u0645\u0646\u062a\u062c \u0648\u0639\u0645\u0644\u0627\u0624\u0647\u0627 \u0627\u0644\u0623\u0648\u0627\u0626\u0644\u060c \u0644\u0643\u0646\u0647\u0627 \u0644\u0627 \u062a\u062a\u0643\u0644\u0645 \u0644\u063a\u0629 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631. \u0641\u0645\u0635\u0637\u0644\u062d\u0627\u062a \u0645\u062b\u0644 runway \u0648CAC \u0648LTV \u0648vesting \u0648liquidation preferences \u062a\u0628\u062f\u0648 \u0644\u0647\u0627 \u0631\u0637\u0627\u0646\u0629 \u0623\u062c\u0646\u0628\u064a\u0629. \u0644\u064a\u0633 \u0644\u062f\u064a\u0647\u0627 \u0645\u0644\u0641 \u0639\u0646\u0627\u064a\u0629 \u0648\u0627\u062c\u0628\u0629 \u0645\u064f\u0639\u062f\u0651\u060c \u0648\u0644\u0627 \u0627\u062a\u0641\u0627\u0642\u064a\u0629 \u0634\u0631\u0643\u0627\u0621 \u0645\u064f\u062d\u0643\u0645\u0629\u060c \u0648\u0644\u0627 \u062a\u0648\u0642\u0639\u0627\u062a \u0645\u0627\u0644\u064a\u0629 \u062a\u0635\u0645\u062f \u0623\u0645\u0627\u0645 \u0627\u0644\u062a\u0645\u062d\u064a\u0635 \u0627\u0644\u0645\u0647\u0646\u064a.<\/p>\n

\u0648\u0627\u0644\u0645\u0646\u0634\u0623\u0629 \u0627\u0644\u0635\u063a\u064a\u0631\u0629 \u0623\u0648 \u0627\u0644\u0645\u062a\u0648\u0633\u0637\u0629 \u0630\u0627\u062a \u0627\u0644\u0645\u0633\u064a\u0631\u0629 \u062a\u062d\u0642\u0642 \u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0648\u0644\u0647\u0627 \u062c\u0627\u0630\u0628\u064a\u0629 \u0633\u0648\u0642\u064a\u0629 \u062d\u0642\u064a\u0642\u064a\u0629\u060c \u0644\u0643\u0646\u0647\u0627 \u0644\u0645 \u062a\u0641\u0643\u0631 \u0642\u0637 \u0641\u064a \u062c\u0645\u0639 \u0631\u0623\u0633 \u0645\u0627\u0644 \u062e\u0627\u0631\u062c\u064a\u060c \u0648\u0644\u0627 \u062a\u0639\u0631\u0641 \u0645\u0627 \u064a\u0646\u0642\u0635\u0647\u0627. \u0648\u062d\u064a\u0646 \u062a\u062a\u0642\u062f\u0645 \u0625\u0644\u0649 \u0635\u0646\u062f\u0648\u0642 \u0645\u0627\u060c \u062a\u0643\u062a\u0634\u0641 \u0623\u0646 \u0648\u062b\u0627\u0626\u0642\u0647\u0627 \u0644\u0627 \u062a\u0633\u062a\u0648\u0641\u064a \u0627\u0644\u062d\u062f \u0627\u0644\u0623\u062f\u0646\u0649 \u0645\u0646 \u0645\u0639\u0627\u064a\u064a\u0631 \u0627\u0644\u062a\u062d\u0644\u064a\u0644: \u0646\u0638\u0627\u0645 \u0623\u0633\u0627\u0633\u064a \u0645\u062a\u0642\u0627\u062f\u0645\u060c \u0648\u063a\u064a\u0627\u0628 \u0627\u062a\u0641\u0627\u0642\u064a\u0627\u062a \u0627\u0644\u0634\u0631\u0643\u0627\u0621\u060c \u0648\u0645\u0644\u0643\u064a\u0629 \u0641\u0643\u0631\u064a\u0629 \u063a\u064a\u0631 \u0645\u0633\u062c\u0651\u0644\u0629\u060c \u0648\u0645\u0645\u0627\u0631\u0633\u0627\u062a \u0639\u0645\u0627\u0644\u064a\u0629 \u063a\u064a\u0631 \u0646\u0638\u0627\u0645\u064a\u0629. \u0648\u0643\u0644\u0647\u0627 \u062c\u0648\u0627\u0646\u0628 \u0633\u062a\u0643\u0634\u0641\u0647\u0627 \u0623\u064a \u0639\u0645\u0644\u064a\u0629 \u0639\u0646\u0627\u064a\u0629 \u0648\u0627\u062c\u0628\u0629 \u0639\u0644\u0649 \u0627\u0644\u0641\u0648\u0631.<\/p>\n

\u062b\u0645 \u0647\u0646\u0627\u0643 \u0627\u0644\u0634\u0631\u0643\u0629 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0627\u0644\u0644\u0627\u062a\u064a\u0646\u064a\u0629 \u0623\u0648 \u0627\u0644\u0623\u0641\u0631\u064a\u0642\u064a\u0629 \u0627\u0644\u0631\u0627\u063a\u0628\u0629 \u0641\u064a \u062f\u062e\u0648\u0644 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629. \u0644\u062f\u064a\u0647\u0627 \u0646\u0634\u0627\u0637 \u0645\u064f\u062b\u0628\u062a \u0641\u064a \u0628\u0644\u062f\u0647\u0627 \u0627\u0644\u0623\u0635\u0644\u064a\u060c \u0648\u0641\u0631\u064a\u0642 \u0643\u0641\u0621\u060c \u0648\u0639\u0645\u0644\u0627\u0621 \u062d\u0642\u064a\u0642\u064a\u0648\u0646. \u0644\u0643\u0646\u0647\u0627 \u062a\u062c\u0647\u0644 \u0627\u0644\u062a\u0646\u0638\u064a\u0645 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a: \u0642\u0627\u0646\u0648\u0646 \u0627\u0644\u0630\u0643\u0627\u0621 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a (AI Act)\u060c \u0648\u0644\u0627\u0626\u062d\u0629 \u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u0645\u0634\u0641\u0651\u0631\u0629 (MiCA)\u060c \u0648\u0644\u0627\u0626\u062d\u0629 \u0627\u0644\u0645\u0631\u0648\u0646\u0629 \u0627\u0644\u062a\u0634\u063a\u064a\u0644\u064a\u0629 \u0627\u0644\u0631\u0642\u0645\u064a\u0629 (DORA)\u060c \u0648\u0647\u064a\u0627\u0643\u0644 ZEC (\u0627\u0644\u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u062e\u0627\u0635\u0629 \u0644\u062c\u0632\u0631 \u0627\u0644\u0643\u0646\u0627\u0631\u064a)\u060c \u0648\u062d\u0648\u0627\u0641\u0632 RIC (\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0641\u064a \u062c\u0632\u0631 \u0627\u0644\u0643\u0646\u0627\u0631\u064a). \u0648\u0647\u064a \u0641\u064a \u0646\u0638\u0631 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0625\u0645\u0627 \u063a\u064a\u0631 \u0645\u0631\u0626\u064a\u0629 \u0648\u0625\u0645\u0627 \u0628\u0639\u064a\u062f\u0629 \u0627\u0644\u0645\u0646\u0627\u0644.<\/p>\n

\u0645\u0634\u0643\u0644\u0629 \u062a\u062a\u062e\u0637\u0649 \u0627\u0644\u062d\u062f\u0648\u062f<\/strong><\/p>\n

\u0647\u0630\u0627 \u0627\u0644\u0627\u062e\u062a\u0644\u0627\u0644 \u0644\u064a\u0633 \u062d\u0643\u0631\u0627\u064b \u0639\u0644\u0649 \u0625\u0633\u0628\u0627\u0646\u064a\u0627\u060c \u0641\u0627\u0644\u0646\u0645\u0637 \u0646\u0641\u0633\u0647 \u064a\u062a\u0643\u0631\u0631 \u0641\u064a \u0645\u0646\u0627\u0637\u0642 \u062c\u063a\u0631\u0627\u0641\u064a\u0629 \u0639\u062f\u064a\u062f\u0629.<\/p>\n

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\u0627\u0644\u062e\u0644\u0644 \u0627\u0644\u0628\u0646\u064a\u0648\u064a: \u0633\u0648\u0642 \u0645\u0635\u0645\u064e\u0651\u0645\u0629 \u0644\u062a\u064f\u062e\u0641\u0642 \u0641\u064a \u0645\u0631\u062d\u0644\u0629 \u0627\u0644\u0627\u0646\u062a\u0642\u0627\u0644<\/strong><\/p>\n

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\u0645\u0646\u0635\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u062c\u0645\u0627\u0639\u064a \u0648\u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u062c\u0645\u0627\u0639\u064a \u0628\u0627\u0644\u0623\u0633\u0647\u0645<\/strong><\/p>\n

\u0623\u062a\u0627\u062d\u062a \u0645\u0646\u0635\u0627\u062a \u0645\u062b\u0644 Crowdcube \u0648SeedBlink \u0648Republic \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0641\u064a \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0646\u0627\u0634\u0626\u0629 \u0644\u0634\u0631\u0627\u0626\u062d \u0623\u0648\u0633\u0639 \u0645\u0646 \u0627\u0644\u062c\u0645\u0647\u0648\u0631. \u0641\u0647\u064a \u062a\u0645\u0643\u0651\u0646 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0645\u0646 \u062c\u0645\u0639 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0645\u0646 \u0642\u0627\u0639\u062f\u0629 \u0639\u0631\u064a\u0636\u0629 \u0645\u0646 \u0635\u063a\u0627\u0631 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646\u060c \u0648\u062a\u0642\u0644\u0651\u0644 \u0627\u0644\u0627\u0639\u062a\u0645\u0627\u062f \u0639\u0644\u0649 \u062d\u0631\u0651\u0627\u0633 \u0627\u0644\u0628\u0648\u0627\u0628\u0629 (gatekeepers) \u0627\u0644\u062a\u0642\u0644\u064a\u062f\u064a\u064a\u0646.<\/p>\n

\u0644\u0643\u0646 \u0646\u0645\u0648\u0630\u062c\u0647\u0627 \u0646\u0642\u064a\u0636 \u062a\u0627\u0645 \u0644\u0644\u062a\u0635\u0641\u064a\u0629 \u0627\u0644\u0646\u0648\u0639\u064a\u0629. \u0641\u0647\u064a \u0623\u0633\u0648\u0627\u0642 \u0645\u0641\u062a\u0648\u062d\u0629 (marketplaces): \u0643\u0644\u0645\u0627 \u0627\u0632\u062f\u0627\u062f \u0639\u062f\u062f \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0645\u062f\u0631\u062c\u0629 \u0641\u064a\u0647\u0627\u060c \u0627\u0632\u062f\u0627\u062f\u062a \u0627\u0644\u0639\u0645\u0648\u0644\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u062c\u0646\u064a\u0647\u0627. \u0648\u0627\u0644\u0639\u0646\u0627\u064a\u0629 \u0627\u0644\u0648\u0627\u062c\u0628\u0629 \u0627\u0644\u062a\u064a \u062a\u062c\u0631\u064a\u0647\u0627 \u0623\u0648\u0651\u0644\u064a\u0629\u060c \u062a\u0633\u062a\u0647\u062f\u0641 \u0627\u0644\u062d\u062f \u0627\u0644\u0623\u062f\u0646\u0649 \u0645\u0646 \u0627\u0644\u0627\u0645\u062a\u062b\u0627\u0644 \u0627\u0644\u0642\u0627\u0646\u0648\u0646\u064a \u0623\u0643\u062b\u0631 \u0645\u0645\u0627 \u062a\u0633\u062a\u0647\u062f\u0641 \u0627\u0644\u062a\u062d\u0642\u0642 \u0645\u0646 \u0627\u0644\u062c\u0648\u062f\u0629 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629. \u0648\u064a\u062a\u062d\u0645\u0644 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0641\u064a \u0647\u0630\u0647 \u0627\u0644\u0645\u0646\u0635\u0627\u062a \u0645\u0633\u0624\u0648\u0644\u064a\u0629 \u062a\u062d\u0644\u064a\u0644\u0647 \u0628\u0646\u0641\u0633\u0647\u060c \u0648\u0643\u062b\u064a\u0631\u0627\u064b \u0645\u0627 \u064a\u0641\u0639\u0644 \u0630\u0644\u0643 \u062f\u0648\u0646 \u0627\u0644\u0623\u062f\u0648\u0627\u062a \u0623\u0648 \u0627\u0644\u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0627\u0644\u0644\u0627\u0632\u0645\u0629 \u0644\u0625\u062c\u0627\u062f\u062a\u0647.<\/p>\n

\u0623\u0645\u0627 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0627\u0644\u0645\u0624\u0633\u0633\u064a\u060c \u0645\u0643\u062a\u0628\u0627\u064b \u0639\u0627\u0626\u0644\u064a\u0627\u064b \u0643\u0627\u0646 \u0623\u0648 \u0635\u0646\u062f\u0648\u0642 \u0631\u0623\u0633 \u0645\u0627\u0644 \u062c\u0631\u064a\u0621\u060c \u0641\u0644\u0627 \u062a\u062d\u0644\u0651 \u0644\u0647 \u0647\u0630\u0647 \u0627\u0644\u0645\u0646\u0635\u0627\u062a \u0634\u064a\u0626\u0627\u064b. \u0641\u0647\u0648 \u0644\u0627 \u064a\u0631\u064a\u062f \u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0633\u0648\u0642 \u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u063a\u064a\u0631 \u0645\u064f\u0635\u0641\u0651\u0627\u0629\u060c \u0628\u0644 \u064a\u0631\u064a\u062f \u062a\u062f\u0641\u0642 \u0635\u0641\u0642\u0627\u062a (deal flow) \u0645\u0624\u0647\u0644\u0627\u064b \u0648\u0645\u064f\u062a\u062d\u0642\u0642\u0627\u064b \u0645\u0646\u0647 \u0648\u0645\u064f\u0647\u064a\u0643\u0644\u0627\u064b. \u0648\u0645\u0646\u0635\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u062c\u0645\u0627\u0639\u064a \u062a\u062e\u062f\u0645 \u0634\u0631\u064a\u062d\u0629 \u0645\u062e\u062a\u0644\u0641\u0629 \u0645\u0646 \u0627\u0644\u0633\u0648\u0642: \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0627\u0644\u0641\u0631\u062f \u0627\u0644\u0630\u064a \u064a\u0631\u064a\u062f \u0623\u0646 \u064a\u0633\u062a\u062b\u0645\u0631 \u0641\u064a \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0646\u0627\u0634\u0626\u0629 \u0628\u0645\u0628\u0627\u0644\u063a \u0635\u063a\u064a\u0631\u0629.<\/p>\n

\u0634\u0628\u0643\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0645\u0644\u0627\u0626\u0643\u064a\u064a\u0646 \u0648\u0646\u0648\u0627\u062f\u064a \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631<\/strong><\/p>\n

\u062a\u062c\u0645\u0639 \u0634\u0628\u0643\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0645\u0644\u0627\u0626\u0643\u064a\u064a\u0646\u060c \u0645\u062b\u0644 EBAN \u0641\u064a \u0623\u0648\u0631\u0648\u0628\u0627 \u0648Keiretsu Forum \u0648\u0627\u0644\u0634\u0628\u0643\u0627\u062a \u0627\u0644\u0645\u062d\u0644\u064a\u0629 \u0645\u062b\u0644 BIGBAN \u0641\u064a \u0625\u0633\u0628\u0627\u0646\u064a\u0627\u060c \u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0623\u0641\u0631\u0627\u062f\u0627\u064b \u064a\u0628\u062d\u062b\u0648\u0646 \u0639\u0646 \u0641\u0631\u0635 \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629 (dealflow) \u0648\u0639\u0646 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u0634\u062a\u0631\u0643. \u0648\u062a\u0643\u0645\u0646 \u0642\u064a\u0645\u062a\u0647\u0627 \u0641\u064a \u0627\u0644\u062a\u062c\u0645\u064a\u0639: \u0625\u0630 \u062a\u062a\u064a\u062d \u0644\u0644\u0645\u0634\u0631\u0648\u0639 \u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0639\u062f\u0629 \u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0645\u062d\u062a\u0645\u0644\u064a\u0646 \u0641\u064a \u0639\u0645\u0644\u064a\u0629 \u0648\u0627\u062d\u062f\u0629.<\/p>\n

\u0644\u0643\u0646 \u0647\u0630\u0647 \u0627\u0644\u0634\u0628\u0643\u0627\u062a \u0644\u0627 \u062a\u064f\u0639\u062f\u0651 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639\u060c \u0628\u0644 \u062a\u0639\u0631\u0636\u0647\u0627. \u0641\u0627\u0644\u0645\u0634\u0631\u0648\u0639 \u0627\u0644\u0630\u064a \u064a\u0635\u0644 \u0625\u0644\u0649 \u0634\u0628\u0643\u0629 \u0645\u0644\u0627\u0626\u0643\u064a\u0629 \u064a\u062c\u0628 \u0623\u0646 \u064a\u0623\u062a\u064a\u0647\u0627 \u0645\u064f\u0647\u064a\u0643\u0644\u0627\u064b \u0648\u062c\u0627\u0647\u0632\u0627\u064b \u0644\u0644\u0639\u0631\u0636. \u0648\u0625\u0646 \u0644\u0645 \u064a\u0643\u0646 \u0643\u0630\u0644\u0643\u060c \u0641\u0627\u0644\u0634\u0628\u0643\u0629 \u0644\u0627 \u062a\u064f\u0635\u0644\u062d\u0647\u060c \u0628\u0644 \u062a\u0631\u0641\u0636\u0647 \u0628\u0628\u0633\u0627\u0637\u0629 \u0623\u0648 \u062a\u062a\u0631\u0643\u0647 \u064a\u0630\u0628\u0644 \u062f\u0648\u0646 \u0627\u0647\u062a\u0645\u0627\u0645. \u0641\u0648\u0638\u064a\u0641\u0629 \u0627\u0644\u0634\u0628\u0643\u0629 \u0647\u064a \u0627\u0644\u0631\u0628\u0637\u060c \u0644\u0627 \u0627\u0644\u0628\u0646\u0627\u0621.<\/p>\n

\u062b\u0645 \u0625\u0646 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0645\u0644\u0627\u0626\u0643\u064a\u064a\u0646 \u064a\u0639\u0645\u0644\u0648\u0646 \u0628\u0645\u0628\u0627\u0644\u063a \u0635\u063a\u064a\u0631\u0629 \u0646\u0633\u0628\u064a\u0627\u064b\u060c \u062a\u062a\u0631\u0627\u0648\u062d \u0639\u0627\u062f\u0629 \u0628\u064a\u0646 25 \u0623\u0644\u0641 \u064a\u0648\u0631\u0648 \u0648250 \u0623\u0644\u0641 \u064a\u0648\u0631\u0648\u060c \u0648\u0641\u064a \u0645\u0631\u0627\u062d\u0644 \u0645\u0628\u0643\u0631\u0629 \u062c\u062f\u0627\u064b. \u0641\u0647\u0645 \u0644\u0627 \u064a\u0644\u0628\u0651\u0648\u0646 \u0627\u062d\u062a\u064a\u0627\u062c\u0627\u062a \u0634\u0631\u0643\u0629 \u062a\u0633\u0639\u0649 \u0625\u0644\u0649 \u062c\u0648\u0644\u0629 \u0628\u0642\u064a\u0645\u0629 \u0645\u0644\u064a\u0648\u0646\u064a\u0646 \u0645\u0646 \u0623\u062c\u0644 \u0627\u0644\u062a\u0648\u0633\u0639 \u0627\u0644\u062f\u0648\u0644\u064a\u060c \u0648\u0644\u0627 \u064a\u0645\u0644\u0643\u0648\u0646 \u0627\u0644\u0628\u0646\u064a\u0629 \u0627\u0644\u0644\u0627\u0632\u0645\u0629 \u0644\u0644\u062a\u062d\u0642\u0642 \u0645\u0646 \u0639\u0645\u0644\u064a\u0627\u062a \u0645\u0624\u0633\u0633\u064a\u0629 \u0645\u0639\u0642\u062f\u0629.<\/p>\n

\u0627\u0644\u062d\u0627\u0636\u0646\u0627\u062a \u0627\u0644\u0639\u0627\u0645\u0629 \u0648\u0627\u0644\u0628\u0631\u0627\u0645\u062c \u0627\u0644\u0645\u0624\u0633\u0633\u064a\u0629<\/strong><\/p>\n

\u0636\u0627\u0639\u0641\u062a \u0627\u0644\u062d\u0643\u0648\u0645\u0627\u062a \u0648\u0627\u0644\u0647\u064a\u0626\u0627\u062a \u0627\u0644\u0639\u0627\u0645\u0629 \u0628\u0631\u0627\u0645\u062c \u062f\u0639\u0645 \u0631\u064a\u0627\u062f\u0629 \u0627\u0644\u0623\u0639\u0645\u0627\u0644: \u062d\u0627\u0636\u0646\u0627\u062a \u062c\u0627\u0645\u0639\u064a\u0629\u060c \u0648\u0628\u0631\u0627\u0645\u062c ENISA (\u0627\u0644\u0634\u0631\u0643\u0629 \u0627\u0644\u0648\u0637\u0646\u064a\u0629 \u0644\u0644\u0627\u0628\u062a\u0643\u0627\u0631 \u0641\u064a \u0625\u0633\u0628\u0627\u0646\u064a\u0627)\u060c \u0648\u0645\u0628\u0627\u062f\u0631\u0627\u062a \u0625\u0642\u0644\u064a\u0645\u064a\u0629 \u0644\u0644\u062a\u0646\u0645\u064a\u0629 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629\u060c \u0648\u0635\u0646\u0627\u062f\u064a\u0642 \u0623\u0648\u0631\u0648\u0628\u064a\u0629 \u062a\u064f\u0648\u062c\u064e\u0651\u0647 \u0639\u0628\u0631 \u0623\u062f\u0648\u0627\u062a \u0645\u062a\u0639\u062f\u062f\u0629.<\/p>\n

\u062a\u0624\u062f\u064a \u0647\u0630\u0647 \u0627\u0644\u0628\u0631\u0627\u0645\u062c \u0648\u0638\u064a\u0641\u0629 \u0627\u062c\u062a\u0645\u0627\u0639\u064a\u0629 \u0642\u064a\u0651\u0645\u0629\u060c \u0644\u0643\u0646\u0647\u0627 \u0644\u064a\u0633\u062a \u0645\u0635\u0645\u064e\u0651\u0645\u0629 \u0644\u0625\u0646\u062a\u0627\u062c \u0645\u0634\u0627\u0631\u064a\u0639 \u0628\u062c\u0648\u062f\u0629 \u0645\u0624\u0633\u0633\u064a\u0629. \u0641\u0645\u0639\u0627\u064a\u064a\u0631 \u0627\u0644\u0627\u062e\u062a\u064a\u0627\u0631 \u0641\u064a\u0647\u0627 \u062a\u064f\u0639\u0637\u064a \u0627\u0644\u0623\u0648\u0644\u0648\u064a\u0629 \u0644\u0644\u0623\u062b\u0631 \u0627\u0644\u0625\u0642\u0644\u064a\u0645\u064a\u060c \u0623\u0648 \u0644\u062e\u0644\u0642 \u0641\u0631\u0635 \u0627\u0644\u0639\u0645\u0644\u060c \u0623\u0648 \u0644\u0644\u0627\u0646\u0633\u062c\u0627\u0645 \u0645\u0639 \u0627\u0644\u0633\u064a\u0627\u0633\u0627\u062a \u0627\u0644\u0639\u0627\u0645\u0629\u060c \u0644\u0627 \u0628\u0627\u0644\u0636\u0631\u0648\u0631\u0629 \u0644\u0644\u062c\u062f\u0648\u0649 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629. \u0648\u0643\u062b\u064a\u0631\u0627\u064b \u0645\u0627 \u062a\u0641\u062a\u0642\u0631 \u0641\u0631\u0642\u0647\u0627 \u0627\u0644\u0641\u0646\u064a\u0629<\/p>\n

\u0625\u0644\u0649 \u0627\u0644\u062e\u0628\u0631\u0629 \u0641\u064a \u062c\u0627\u0646\u0628 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644: \u0641\u0623\u0641\u0631\u0627\u062f\u0647\u0627 \u0644\u0645 \u064a\u0639\u0645\u0644\u0648\u0627 \u0641\u064a \u0635\u0646\u0627\u062f\u064a\u0642\u060c \u0648\u0644\u0645 \u064a\u064f\u062c\u0631\u0648\u0627 \u0639\u0646\u0627\u064a\u0629 \u0648\u0627\u062c\u0628\u0629 \u0627\u062d\u062a\u0631\u0627\u0641\u064a\u0629\u060c \u0648\u0644\u0627 \u064a\u0639\u0631\u0641\u0648\u0646 \u0645\u0639\u0627\u064a\u064a\u0631 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u062e\u0627\u0635\u0629.<\/p>\n

\u0648\u0627\u0644\u0646\u062a\u064a\u062c\u0629 \u0623\u0646 \u0634\u0631\u0643\u0627\u062a \u0643\u062b\u064a\u0631\u0629 \u062a\u062e\u0631\u062c \u0645\u0646 \u0627\u0644\u062d\u0627\u0636\u0646\u0627\u062a \u0627\u0644\u0639\u0627\u0645\u0629 \u0648\u0647\u064a \u062a\u0634\u0639\u0631\u060c \u062e\u0637\u0623\u064b\u060c \u0628\u0623\u0646\u0647\u0627 \u00ab\u062c\u0627\u0647\u0632\u0629\u00bb \u0644\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u060c \u0641\u064a \u062d\u064a\u0646 \u0623\u0646 \u0645\u0627 \u0644\u062f\u064a\u0647\u0627 \u0647\u0648 \u062c\u0627\u0647\u0632\u064a\u0629 \u0644\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0627\u0644\u0625\u0639\u0627\u0646\u0627\u062a. \u0648\u0647\u0627\u062a\u0627\u0646 \u0644\u063a\u062a\u0627\u0646 \u0645\u062e\u062a\u0644\u0641\u062a\u0627\u0646\u060c \u0648\u0645\u0639\u064a\u0627\u0631\u0627\u0646 \u0645\u062e\u062a\u0644\u0641\u0627\u0646\u060c \u0648\u0639\u0627\u0644\u0645\u0627\u0646 \u0644\u0627 \u064a\u0643\u0627\u062f\u0627\u0646 \u064a\u0644\u062a\u0642\u064a\u0627\u0646.<\/p>\n

\u0627\u0644\u0641\u0631\u0627\u063a \u0627\u0644\u0630\u064a \u0644\u0627 \u064a\u0634\u063a\u0644\u0647 \u0623\u062d\u062f<\/strong><\/p>\n

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\u0641\u0645\u0646 \u064a\u062a\u062d\u0645\u0644 \u0645\u0633\u0624\u0648\u0644\u064a\u0629 \u0623\u062e\u0630 \u0634\u0631\u0643\u0629 \u0630\u0627\u062a \u0646\u0634\u0627\u0637 \u062d\u0642\u064a\u0642\u064a\u060c \u0644\u0627 \u0641\u0643\u0631\u0629 \u0648\u0644\u0627 \u0639\u0631\u0636 PowerPoint\u060c \u0628\u0644 \u0634\u0631\u0643\u0629 \u062a\u0639\u0645\u0644 \u0641\u0639\u0644\u0627\u064b\u060c \u0648\u062a\u062d\u0648\u064a\u0644\u0647\u0627 \u0625\u0644\u0649 \u0623\u0635\u0644 \u0642\u0627\u0628\u0644 \u0644\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0648\u0641\u0642 \u0627\u0644\u0645\u0639\u0627\u064a\u064a\u0631 \u0627\u0644\u0645\u0624\u0633\u0633\u064a\u0629\u061f<\/strong><\/p>\n

\u0645\u0646 \u064a\u062a\u0648\u0644\u0649 \u0627\u0644\u0647\u064a\u0643\u0644\u0629 \u0627\u0644\u0642\u0627\u0646\u0648\u0646\u064a\u0629 \u0627\u0644\u0643\u0627\u0645\u0644\u0629 \u0644\u0644\u0634\u0631\u0643\u0629\u060c \u0648\u0627\u062a\u0641\u0627\u0642\u064a\u0629 \u0627\u0644\u0634\u0631\u0643\u0627\u0621 \u0627\u0644\u0645\u064f\u062d\u0635\u0651\u0646\u0629\u060c \u0648\u0627\u0644\u0646\u0645\u0648\u0630\u062c \u0627\u0644\u0645\u0627\u0644\u064a \u0627\u0644\u0642\u0627\u0628\u0644 \u0644\u0644\u062a\u062f\u0642\u064a\u0642\u060c \u0648\u0627\u0644\u0627\u0645\u062a\u062b\u0627\u0644 \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a \u0627\u0644\u0645\u064f\u062a\u062d\u0642\u064e\u0651\u0642 \u0645\u0646\u0647\u060c \u0648\u0627\u0644\u0631\u0648\u0627\u064a\u0629 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629 \u0627\u0644\u0627\u062d\u062a\u0631\u0627\u0641\u064a\u0629\u060c \u0648\u0645\u0644\u0641 \u0627\u0644\u0639\u0646\u0627\u064a\u0629 \u0627\u0644\u0648\u0627\u062c\u0628\u0629 \u0627\u0644\u0645\u064f\u0639\u062f\u0651 \u0633\u0644\u0641\u0627\u064b\u060c \u0648\u064a\u0642\u0648\u0645 \u0628\u0630\u0644\u0643 \u0643\u0644\u0647 \u0639\u0644\u0649 \u0646\u062d\u0648 \u0645\u062a\u0643\u0627\u0645\u0644\u060c \u0628\u0639\u064a\u0646 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u060c \u0645\u062a\u062d\u0645\u0644\u0627\u064b \u0645\u062e\u0627\u0637\u0631\u0647 \u0627\u0644\u062e\u0627\u0635\u0629 \u0641\u064a \u0627\u0644\u0639\u0645\u0644\u064a\u0629\u061f<\/p>\n

\u0644\u0627 \u0623\u062d\u062f \u062a\u0642\u0631\u064a\u0628\u0627\u064b. \u0641\u0647\u0630\u0647 \u0627\u0644\u0634\u0631\u064a\u062d\u0629 \u0645\u0646 \u0627\u0644\u0633\u0648\u0642 \u0645\u062a\u0631\u0648\u0643\u0629 \u0644\u0627\u0631\u062a\u062c\u0627\u0644 \u0643\u0644 \u0634\u0631\u0643\u0629 \u0639\u0644\u0649 \u062d\u062f\u0629\u060c \u0628\u0627\u0644\u0646\u062a\u0627\u0626\u062c \u0627\u0644\u062a\u064a \u0646\u0639\u0631\u0641\u0647\u0627 \u062c\u0645\u064a\u0639\u0627\u064b: \u0645\u0634\u0627\u0631\u064a\u0639 \u0648\u0627\u0639\u062f\u0629 \u0644\u0627 \u062a\u0635\u0644 \u0623\u0628\u062f\u0627\u064b \u0625\u0644\u0649 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644\u060c \u0644\u0623\u0646 \u0623\u062d\u062f\u0627\u064b \u0644\u0645 \u064a\u0623\u062e\u0630 \u0628\u064a\u062f\u0647\u0627 \u062d\u062a\u0649 \u0627\u0644\u0639\u062a\u0628\u0629.<\/p>\n

\u0627\u0644\u062e\u0637\u0623 \u0627\u0644\u0645\u0641\u0627\u0647\u064a\u0645\u064a: \u0627\u0644\u062e\u0644\u0637 \u0628\u064a\u0646 \u0627\u0644\u0625\u0639\u062f\u0627\u062f \u0648\u0627\u0644\u0645\u0633\u0624\u0648\u0644\u064a\u0629<\/strong><\/p>\n

\u0633\u0627\u062f \u0627\u0644\u0627\u0641\u062a\u0631\u0627\u0636 \u0637\u0648\u064a\u0644\u0627\u064b \u0628\u0623\u0646 \u0627\u0644\u062d\u0644 \u064a\u0643\u0645\u0646 \u0641\u064a \u00ab\u0625\u0639\u062f\u0627\u062f \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0639\u0644\u0649 \u0646\u062d\u0648 \u0623\u0641\u0636\u0644\u00bb: \u062a\u062f\u0631\u064a\u0628 \u0644\u0644\u0645\u0624\u0633\u0633\u064a\u0646\u060c \u0648\u0648\u0631\u0634 \u0644\u062a\u0642\u062f\u064a\u0645 \u0627\u0644\u0639\u0631\u0648\u0636\u060c \u0648\u0625\u0631\u0634\u0627\u062f \u0641\u064a \u0627\u0644\u0634\u0624\u0648\u0646 \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u0648\u0627\u0633\u062a\u0634\u0627\u0631\u0627\u062a \u0642\u0627\u0646\u0648\u0646\u064a\u0629 \u0645\u062a\u0641\u0631\u0642\u0629.<\/p>\n

\u063a\u064a\u0631 \u0623\u0646 \u0630\u0644\u0643 \u0644\u064a\u0633 \u0625\u0644\u0627 \u062c\u0632\u0621\u0627\u064b \u0645\u0646 \u0627\u0644\u0645\u0634\u0643\u0644\u0629\u060c \u0648\u0644\u064a\u0633 \u0627\u0644\u062c\u0632\u0621 \u0627\u0644\u062d\u0627\u0633\u0645.<\/p>\n

\u0627\u0644\u0645\u0634\u0643\u0644\u0629 \u0644\u064a\u0633\u062a \u0623\u0646 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0644\u0627 \u062a\u064f\u062d\u0633\u0646 \u062a\u0642\u062f\u064a\u0645 \u0646\u0641\u0633\u0647\u0627\u060c \u0628\u0644 \u0623\u0646 \u0623\u062d\u062f\u0627\u064b \u0644\u0627 \u064a\u062a\u062d\u0645\u0644 \u0645\u0624\u0633\u0633\u064a\u0627\u064b \u0645\u0633\u0624\u0648\u0644\u064a\u0629 \u062c\u0639\u0644 \u0627\u0644\u0645\u0634\u0631\u0648\u0639 \u0642\u0627\u0628\u0644\u0627\u064b \u0644\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631.<\/strong><\/p>\n

\u0641\u0627\u0644\u0625\u0639\u062f\u0627\u062f \u063a\u064a\u0631 \u0627\u0644\u062f\u0645\u062c\u060c \u0648\u0627\u0644\u0627\u0633\u062a\u0634\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u062a\u0646\u0641\u064a\u0630\u060c \u0648\u0627\u0644\u0631\u0628\u0637 \u063a\u064a\u0631 \u0627\u0644\u0647\u064a\u0643\u0644\u0629\u060c \u0648\u0627\u0644\u0627\u0646\u062a\u0642\u0627\u0621 \u063a\u064a\u0631 \u062a\u062d\u0645\u0651\u0644 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0645\u0633\u0628\u0642\u0629.<\/p>\n

\u0648\u0645\u0627 \u062f\u0627\u0645 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u064a\u0646\u062a\u0638\u0631 \u0645\u0634\u0627\u0631\u064a\u0639 \u0645\u0643\u062a\u0645\u0644\u0629\u060c \u0648\u0627\u0644\u0634\u0631\u0643\u0627\u062a \u062a\u062d\u0627\u0648\u0644 \u0628\u0644\u0648\u063a \u062a\u0644\u0643 \u0627\u0644\u0639\u062a\u0628\u0629 \u0648\u062d\u062f\u0647\u0627\u060c \u0641\u0633\u064a\u0633\u062a\u0645\u0631 \u0627\u0644\u062e\u0644\u0644. \u0641\u0627\u0644\u0633\u0648\u0642 \u0628\u062d\u0627\u062c\u0629 \u0625\u0644\u0649 \u0634\u064a\u0621 \u0645\u062e\u062a\u0644\u0641: \u0644\u0627 \u0645\u0632\u064a\u062f \u0645\u0646 \u0627\u0644\u0625\u0639\u062f\u0627\u062f \u0627\u0644\u0645\u062c\u0632\u0623\u060c \u0628\u0644 \u0628\u0646\u064a\u0629 \u0645\u0624\u0633\u0633\u064a\u0629 \u062a\u062a\u062d\u0645\u0644 \u0645\u0631\u062d\u0644\u0629 \u0627\u0644\u0627\u0646\u062a\u0642\u0627\u0644 \u0628\u0648\u0635\u0641\u0647\u0627 \u0645\u0633\u0624\u0648\u0644\u064a\u062a\u0647\u0627 \u0647\u064a.<\/p>\n

Orbital Investment & Execution Hub: \u0628\u0646\u064a\u0629 \u0644\u0633\u062f\u0651 \u0627\u0644\u0641\u0631\u0627\u063a \u0627\u0644\u0628\u0646\u064a\u0648\u064a<\/strong><\/p>\n

\u0641\u064a \u0647\u0630\u0627 \u0627\u0644\u0633\u064a\u0627\u0642 \u062a\u062d\u062f\u064a\u062f\u0627\u064b \u064a\u062a\u0645\u0648\u0636\u0639 Orbital Investment & Execution Hub\u060c \u0644\u0627 \u0628\u0648\u0635\u0641\u0647 \u0645\u0633\u0631\u0651\u0639\u0629 \u0623\u062e\u0631\u0649\u060c \u0648\u0644\u0627 \u0635\u0646\u062f\u0648\u0642\u0627\u064b\u060c \u0648\u0644\u0627 \u0634\u0631\u0643\u0629 \u0627\u0633\u062a\u0634\u0627\u0631\u0627\u062a\u060c \u0628\u0644 \u0628\u0648\u0635\u0641\u0647 \u0645\u0627 \u062a\u062d\u062a\u0627\u062c\u0647 \u0627\u0644\u0633\u0648\u0642 \u0641\u0639\u0644\u0627\u064b: \u0628\u0646\u064a\u0629 \u062a\u062d\u062a\u064a\u0629 \u062f\u0627\u0626\u0645\u0629 \u0644\u0644\u0647\u064a\u0643\u0644\u0629 \u0648\u0627\u0644\u0631\u0628\u0637 \u0628\u064a\u0646 \u0634\u0631\u0643\u0627\u062a \u0630\u0627\u062a \u0646\u0634\u0627\u0637 \u062d\u0642\u064a\u0642\u064a \u0648\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0645\u0624\u0633\u0633\u064a\u064a\u0646 \u0645\u0624\u0647\u0644\u064a\u0646.<\/p>\n

\u064a\u064f\u0639\u062f\u0651 Orbital \u0642\u0633\u0645\u0627\u064b \u0645\u062a\u062e\u0635\u0635\u0627\u064b \u062a\u0627\u0628\u0639\u0627\u064b \u0644\u0634\u0631\u0643\u0629 META Channel Corporation\u060c \u064a\u0639\u0645\u0644 \u0627\u0646\u0637\u0644\u0627\u0642\u0627\u064b \u0645\u0646 \u0623\u064a\u0631\u0644\u0646\u062f\u0627 \u0648\u062c\u0632\u0631 \u0627\u0644\u0643\u0646\u0627\u0631\u064a\u060c \u0648\u064a\u0645\u062a\u062f \u0646\u0637\u0627\u0642\u0647 \u0625\u0644\u0649 \u062b\u0644\u0627\u062b \u0642\u0627\u0631\u0627\u062a: \u0623\u0648\u0631\u0648\u0628\u0627 \u0648\u0623\u0641\u0631\u064a\u0642\u064a\u0627 \u0648\u0623\u0645\u0631\u064a\u0643\u0627 \u0627\u0644\u0644\u0627\u062a\u064a\u0646\u064a\u0629. \u0644\u064a\u0633 \u0628\u0631\u0646\u0627\u0645\u062c\u0627\u064b \u0644\u0647 \u062a\u0627\u0631\u064a\u062e \u0628\u062f\u0627\u064a\u0629 \u0648\u0646\u0647\u0627\u064a\u0629\u060c \u0648\u0644\u0627 \u0641\u0639\u0627\u0644\u064a\u0629 \u0633\u0646\u0648\u064a\u0629 \u0644\u0644\u062a\u0634\u0628\u064a\u0643\u060c \u0648\u0644\u0627 \u0633\u0648\u0642\u0627\u064b \u0645\u0641\u062a\u0648\u062d\u0629 \u064a\u0645\u0643\u0646 \u0644\u0623\u064a \u0645\u0634\u0631\u0648\u0639 \u0623\u0646 \u064a\u064f\u062f\u0631\u062c \u0641\u064a\u0647\u0627. \u0625\u0646\u0647 \u0628\u0646\u064a\u0629 \u062a\u062d\u062a\u064a\u0629 \u0645\u0624\u0633\u0633\u064a\u0629 \u0635\u064f\u0645\u0651\u0645\u062a \u0644\u062d\u0644 \u0627\u0644\u0645\u0634\u0643\u0644\u0629 \u0627\u0644\u0628\u0646\u064a\u0648\u064a\u0629 \u0627\u0644\u062a\u064a \u0648\u0635\u0641\u0646\u0627\u0647\u0627.<\/p>\n

\u0645\u0627 \u0627\u0644\u0630\u064a \u064a\u0641\u0639\u0644\u0647 Orbital<\/strong><\/p>\n

\u064a\u0639\u0645\u0644 Orbital \u0641\u064a \u0627\u0644\u0634\u0631\u064a\u062d\u0629 \u0627\u0644\u062a\u064a \u0644\u0627 \u064a\u063a\u0637\u064a\u0647\u0627 \u0623\u062d\u062f: \u064a\u0623\u062e\u0630 \u0634\u0631\u0643\u0627\u062a \u0644\u062f\u064a\u0647\u0627 \u0646\u0634\u0627\u0637 \u062d\u0642\u064a\u0642\u064a \u0628\u0627\u0644\u0641\u0639\u0644\u060c \u0645\u0646 \u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0648\u0639\u0645\u0644\u0627\u0621 \u0648\u062c\u0627\u0630\u0628\u064a\u0629 \u0633\u0648\u0642\u064a\u0629 \u0645\u064f\u062b\u0628\u062a\u0629\u060c \u0644\u0643\u0646\u0647\u0627 \u062a\u0641\u062a\u0642\u0631 \u0625\u0644\u0649 \u0627\u0644\u0628\u0646\u064a\u0629 \u0627\u0644\u0645\u0624\u0633\u0633\u064a\u0629 \u0627\u0644\u0644\u0627\u0632\u0645\u0629 \u0644\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0631\u0623\u0633 \u0645\u0627\u0644 \u0645\u0624\u0647\u0644\u060c \u0648\u064a\u062d\u0648\u0651\u0644\u0647\u0627 \u0625\u0644\u0649 \u0623\u0635\u0648\u0644 \u0642\u0627\u0628\u0644\u0629 \u0644\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0648\u0641\u0642 \u0645\u0639\u0627\u064a\u064a\u0631 \u0627\u0644\u0633\u0648\u0642.<\/p>\n

\u0648\u064a\u0642\u062a\u0636\u064a \u0630\u0644\u0643 \u0639\u0645\u0644\u0627\u064b \u0634\u0627\u0645\u0644\u0627\u064b \u0641\u064a \u0627\u0644\u0647\u064a\u0643\u0644\u0629 \u064a\u062a\u0636\u0645\u0646: \u0645\u0631\u0627\u062c\u0639\u0629 \u0647\u064a\u0643\u0644 \u0627\u0644\u0634\u0631\u0643\u0629 \u0648\u062a\u062d\u0633\u064a\u0646\u0647\u060c \u0648\u062a\u0635\u0645\u064a\u0645 \u0627\u062a\u0641\u0627\u0642\u064a\u0627\u062a \u0627\u0644\u0634\u0631\u0643\u0627\u0621 \u0648\u062a\u0646\u0641\u064a\u0630\u0647\u0627 \u0628\u0627\u0644\u0628\u0646\u0648\u062f \u0627\u0644\u0645\u0639\u062a\u0627\u062f\u0629 \u0641\u064a \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u060c \u0648\u0625\u0639\u062f\u0627\u062f \u0648\u062b\u0627\u0626\u0642 \u0645\u0627\u0644\u064a\u0629 \u0642\u0627\u0628\u0644\u0629 \u0644\u0644\u062a\u062f\u0642\u064a\u0642\u060c \u0648\u0627\u0644\u062a\u062d\u0642\u0642 \u0645\u0646 \u0627\u0644\u0627\u0645\u062a\u062b\u0627\u0644 \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a (\u0648\u0647\u0648 \u0623\u0645\u0631 \u0628\u0627\u0644\u063a \u0627\u0644\u0623\u0647\u0645\u064a\u0629 \u0644\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0633\u0627\u0639\u064a\u0629 \u0625\u0644\u0649 \u062f\u062e\u0648\u0644 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629 \u0641\u064a \u0638\u0644 \u0642\u0627\u0646\u0648\u0646 \u0627\u0644\u0630\u0643\u0627\u0621 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a \u0648\u0644\u0627\u0626\u062d\u0629 MiCA \u0648\u0644\u0627\u0626\u062d\u0629 DORA \u0648\u063a\u064a\u0631\u0647\u0627 \u0645\u0646 \u0627\u0644\u062a\u0634\u0631\u064a\u0639\u0627\u062a)\u060c \u0648\u0628\u0646\u0627\u0621 \u0627\u0644\u0631\u0648\u0627\u064a\u0629 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629 \u0648\u0645\u0648\u0627\u062f \u0627\u0644\u0639\u0631\u0636 \u0627\u0644\u0645\u0624\u0633\u0633\u064a\u060c \u0648\u0625\u0639\u062f\u0627\u062f \u0645\u0644\u0641 \u0627\u0644\u0639\u0646\u0627\u064a\u0629 \u0627\u0644\u0648\u0627\u062c\u0628\u0629 \u0645\u0633\u0628\u0642\u0627\u064b \u0644\u062a\u0642\u0644\u064a\u0644 \u0627\u0644\u0627\u062d\u062a\u0643\u0627\u0643 \u0641\u064a \u0627\u0644\u0639\u0645\u0644\u064a\u0629 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629.<\/p>\n

\u0646\u062d\u0646 \u0644\u0627 \u0646\u0642\u062f\u0651\u0645 \u0627\u0644\u0645\u0634\u0648\u0631\u0629 \u062d\u0648\u0644 \u0643\u064a\u0641\u064a\u0629 \u0627\u0644\u0642\u064a\u0627\u0645 \u0628\u0630\u0644\u0643\u060c \u0628\u0644 \u0646\u0642\u0648\u0645 \u0628\u0647. \u0644\u0627 \u0646\u0648\u0635\u064a \u0628\u0627\u0644\u0647\u064a\u0643\u0644 \u0627\u0644\u0630\u064a \u064a\u0646\u0628\u063a\u064a \u0627\u0639\u062a\u0645\u0627\u062f\u0647\u060c \u0628\u0644 \u0646\u0646\u0641\u0651\u0630\u0647. \u0644\u0627 \u0646\u0642\u062a\u0631\u062d \u0627\u0644\u0648\u062b\u0627\u0626\u0642 \u0627\u0644\u062a\u064a \u064a\u062c\u0628 \u0625\u0639\u062f\u0627\u062f\u0647\u0627\u060c \u0628\u0644 \u0646\u064f\u0639\u062f\u0651\u0647\u0627.<\/p>\n

\u0643\u064a\u0641 \u064a\u0639\u0645\u0644 Orbital<\/strong><\/p>\n

\u0627\u0644\u0627\u0646\u0636\u0645\u0627\u0645 \u0625\u0644\u0649 Orbital \u0627\u0646\u062a\u0642\u0627\u0626\u064a \u0648\u064a\u062e\u0636\u0639 \u0644\u062a\u0642\u062f\u064a\u0631\u0646\u0627. \u0641\u0646\u062d\u0646 \u0644\u0627 \u0646\u0642\u0628\u0644 \u0645\u0634\u0627\u0631\u064a\u0639 \u0641\u064a \u0645\u0631\u062d\u0644\u0629 \u0627\u0644\u0641\u0643\u0631\u0629\u060c \u0648\u0644\u0627 \u0634\u0631\u0643\u0627\u062a \u0646\u0627\u0634\u0626\u0629 \u0628\u0644\u0627 \u062c\u0627\u0630\u0628\u064a\u0629 \u0633\u0648\u0642\u064a\u0629. \u0646\u0639\u0645\u0644 \u0645\u0639 \u0634\u0631\u0643\u0627\u062a \u0623\u062b\u0628\u062a\u062a \u0623\u0646 \u0646\u0645\u0648\u0630\u062c\u0647\u0627 \u0646\u0627\u062c\u062d \u0641\u064a \u0627\u0644\u0633\u0648\u0642\u060c \u0644\u0643\u0646\u0647\u0627 \u062a\u062d\u062a\u0627\u062c \u0625\u0644\u0649 \u0628\u0646\u064a\u0629 \u0645\u0624\u0633\u0633\u064a\u0629 \u0644\u062a\u0642\u0641\u0632 \u0646\u062d\u0648 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0645\u0624\u0647\u0644.<\/p>\n

\u0648\u064a\u0633\u062a\u0646\u062f \u0627\u0644\u0627\u062e\u062a\u064a\u0627\u0631 \u0625\u0644\u0649 \u0645\u0639\u0627\u064a\u064a\u0631 \u0641\u0646\u064a\u0629 \u0635\u0627\u0631\u0645\u0629: \u062c\u062f\u0648\u0649 \u0646\u0645\u0648\u0630\u062c \u0627\u0644\u0639\u0645\u0644\u060c \u0648\u062c\u0648\u062f\u0629 \u0627\u0644\u0641\u0631\u064a\u0642\u060c \u0648\u0625\u0645\u0643\u0627\u0646\u0627\u062a \u0627\u0644\u062a\u0648\u0633\u0639\u060c \u0648\u0627\u0644\u062a\u0648\u0627\u0641\u0642 \u0645\u0639 \u0645\u0644\u0641 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0641\u064a \u0634\u0628\u0643\u062a\u0646\u0627\u060c \u0648\u0627\u0633\u062a\u0639\u062f\u0627\u062f \u0627\u0644\u0634\u0631\u0643\u0629 \u0644\u0644\u062e\u0636\u0648\u0639 \u0644\u0639\u0645\u0644\u064a\u0629 \u0627\u0644\u0647\u064a\u0643\u0644\u0629 \u0627\u0644\u0644\u0627\u0632\u0645\u0629.<\/p>\n

\u0648\u0628\u0639\u062f \u0627\u0644\u0627\u0646\u0636\u0645\u0627\u0645\u060c \u0644\u0627 \u062a\u062a\u0644\u0642\u0649 \u0627\u0644\u0634\u0631\u0643\u0629 \u0628\u0631\u0646\u0627\u0645\u062c\u0627\u064b \u0639\u0627\u0645\u0627\u064b\u060c \u0628\u0644 \u0639\u0645\u0644\u064a\u0629 \u0647\u064a\u0643\u0644\u0629 \u0645\u0641\u0635\u0651\u0644\u0629 \u0639\u0644\u0649 \u0645\u0642\u0627\u0633\u0647\u0627\u060c \u062a\u0646\u0641\u0630\u0647\u0627 \u0641\u0631\u0642 \u0645\u0647\u0646\u064a\u0629 \u0630\u0627\u062a \u062e\u0628\u0631\u0629 \u0641\u064a \u062c\u0627\u0646\u0628 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0648\u062c\u0627\u0646\u0628 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0639\u0644\u0649 \u0627\u0644\u0633\u0648\u0627\u0621: \u0645\u062d\u0627\u0645\u0648\u0646 \u0639\u0645\u0644\u0648\u0627 \u0641\u064a \u0639\u0645\u0644\u064a\u0627\u062a \u0627\u0646\u062f\u0645\u0627\u062c \u0648\u0627\u0633\u062a\u062d\u0648\u0627\u0630 (M&A)\u060c \u0648\u062e\u0628\u0631\u0627\u0621 \u0645\u0627\u0644\u064a\u0648\u0646 \u0623\u062c\u0631\u0648\u0627 \u0627\u0644\u0639\u0646\u0627\u064a\u0629 \u0627\u0644\u0648\u0627\u062c\u0628\u0629 \u0644\u062d\u0633\u0627\u0628 \u0635\u0646\u0627\u062f\u064a\u0642\u060c \u0648\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0648\u0646 \u064a\u062f\u0631\u0643\u0648\u0646 \u0645\u0627 \u064a\u0628\u062d\u062b \u0639\u0646\u0647 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0648\u0627\u0644\u0623\u0633\u0626\u0644\u0629 \u0627\u0644\u062a\u064a \u0633\u064a\u0637\u0631\u062d\u0647\u0627.<\/p>\n

\u0648\u0627\u0644\u0646\u062a\u064a\u062c\u0629 \u0645\u0634\u0631\u0648\u0639 \u064a\u0635\u0644 \u0625\u0644\u0649 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0641\u064a \u0638\u0631\u0648\u0641 \u0645\u062e\u062a\u0644\u0641\u0629 \u062c\u0630\u0631\u064a\u0627\u064b \u0639\u0646 \u0627\u0644\u0645\u0639\u062a\u0627\u062f: \u0645\u064f\u0647\u064a\u0643\u0644\u060c \u0648\u0645\u0648\u062b\u0651\u0642\u060c \u0648\u0645\u064f\u062a\u062d\u0642\u064e\u0651\u0642 \u0645\u0646\u0647\u060c \u0628\u0631\u0648\u0627\u064a\u0629 \u0648\u0627\u0636\u062d\u0629 \u0648\u0645\u0644\u0641 \u0639\u0646\u0627\u064a\u0629 \u0648\u0627\u062c\u0628\u0629 \u0645\u064f\u0639\u062f\u0651 \u0633\u0644\u0641\u0627\u064b. \u0641\u064a\u0633\u062a\u0637\u064a\u0639 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0623\u0646 \u064a\u0624\u062f\u064a \u0639\u0645\u0644\u0647 \u0641\u064a \u062a\u0642\u064a\u064a\u0645 \u0627\u0644\u0641\u0631\u0635\u0629 \u062f\u0648\u0646 \u0623\u0646 \u064a\u0636\u0637\u0631 \u0623\u0648\u0644\u0627\u064b \u0625\u0644\u0649 \u0627\u0644\u0642\u064a\u0627\u0645 \u0628\u0639\u0645\u0644 \u0627\u0644\u0647\u064a\u0643\u0644\u0629 \u0627\u0644\u0630\u064a \u0643\u0627\u0646 \u064a\u0646\u0628\u063a\u064a \u0623\u0646 \u064a\u0635\u0644\u0647 \u0645\u0646\u062c\u0632\u0627\u064b.<\/p>\n

\u0644\u0645\u0646 \u0635\u064f\u0645\u0650\u0651\u0645 Orbital<\/strong><\/p>\n

\u0645\u0646 \u062c\u0647\u0629 \u0627\u0644\u0634\u0631\u0643\u0627\u062a\u060c \u0635\u064f\u0645\u0650\u0651\u0645 Orbital \u0644\u0634\u0631\u0643\u0627\u062a \u062a\u0633\u062a\u0648\u0641\u064a \u0645\u0648\u0627\u0635\u0641\u0627\u062a \u0645\u062d\u062f\u062f\u0629: \u0644\u062f\u064a\u0647\u0627 \u0646\u0634\u0627\u0637 \u062d\u0642\u064a\u0642\u064a \u0642\u0627\u0626\u0645\u060c \u0648\u062c\u0627\u0630\u0628\u064a\u0629 \u0633\u0648\u0642\u064a\u0629 \u0645\u064f\u062b\u0628\u062a\u0629 (\u0625\u064a\u0631\u0627\u062f\u0627\u062a\u060c \u0648\u0639\u0645\u0644\u0627\u0621 \u0645\u0646\u062a\u0638\u0645\u0648\u0646\u060c \u0648\u0645\u0624\u0634\u0631\u0627\u062a \u0642\u0627\u0628\u0644\u0629 \u0644\u0644\u062a\u062d\u0642\u0642)\u060c \u0648\u0637\u0645\u0648\u062d \u0625\u0644\u0649 \u0646\u0645\u0648\u0651 \u064a\u062a\u0637\u0644\u0628 \u0631\u0623\u0633 \u0645\u0627\u0644 \u062e\u0627\u0631\u062c\u064a\u0627\u064b\u060c \u0648\u062a\u062f\u0631\u0643 \u0623\u0646\u0647\u0627 \u062a\u0641\u062a\u0642\u0631 \u0625\u0644\u0649 \u0627\u0644\u0628\u0646\u064a\u0629 \u0627\u0644\u0645\u0624\u0633\u0633\u064a\u0629 \u0627\u0644\u0644\u0627\u0632\u0645\u0629 \u0644\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0647\u0630\u0627 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0628\u0634\u0631\u0648\u0637 \u062a\u0646\u0627\u0641\u0633\u064a\u0629.<\/p>\n

\u0648\u062a\u062d\u0638\u0649 \u0628\u0623\u0647\u0645\u064a\u0629 \u062e\u0627\u0635\u0629 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0627\u0644\u0644\u0627\u062a\u064a\u0646\u064a\u0629 \u0648\u0627\u0644\u0623\u0641\u0631\u064a\u0642\u064a\u0629 \u0627\u0644\u0633\u0627\u0639\u064a\u0629 \u0625\u0644\u0649 \u062f\u062e\u0648\u0644 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629. \u0641\u0640Orbital \u064a\u0642\u062f\u0645 \u0644\u0647\u0627 \u0645\u0627 \u0644\u0627 \u064a\u062a\u0648\u0627\u0641\u0631 \u0628\u0633\u0647\u0648\u0644\u0629 \u0641\u064a \u0627\u0644\u0633\u0648\u0642: \u0627\u0644\u0642\u062f\u0631\u0629 \u0639\u0644\u0649 \u0627\u0644\u0647\u064a\u0643\u0644\u0629 \u0648\u0641\u0642 \u0627\u0644\u0645\u0639\u0627\u064a\u064a\u0631 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629\u060c \u0628\u0623\u062f\u0648\u0627\u062a \u0642\u0627\u0646\u0648\u0646\u064a\u0629 \u0645\u064f\u062d\u0633\u064e\u0651\u0646\u0629 (\u0645\u0646\u0647\u0627 \u0646\u0638\u0627\u0645 ZEC \u0641\u064a \u062c\u0632\u0631 \u0627\u0644\u0643\u0646\u0627\u0631\u064a)\u060c \u0648\u0627\u0645\u062a\u062b\u0627\u0644 \u062a\u0646\u0638\u064a\u0645\u064a \u0645\u064f\u062a\u062d\u0642\u064e\u0651\u0642 \u0645\u0646\u0647\u060c \u0648\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0634\u0628\u0643\u0629 \u0645\u0646 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0645\u0624\u0633\u0633\u064a\u064a\u0646 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u064a\u0646 \u0643\u0627\u0646\u062a \u0633\u062a\u0628\u0642\u0649 \u0628\u0639\u064a\u062f\u0629 \u0627\u0644\u0645\u0646\u0627\u0644 \u0644\u0648\u0644\u0627 \u0630\u0644\u0643.<\/p>\n

\u0648\u0645\u0646 \u062c\u0647\u0629 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646\u060c \u064a\u062a\u0648\u062c\u0647 Orbital \u0625\u0644\u0649 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0645\u0624\u0633\u0633\u064a \u0627\u0644\u0645\u0624\u0647\u0644: \u0635\u0646\u0627\u062f\u064a\u0642 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u062c\u0631\u064a\u0621 \u0648\u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u0627\u0644\u062e\u0627\u0635\u0629\u060c \u0648\u0627\u0644\u0645\u0643\u0627\u062a\u0628 \u0627\u0644\u0639\u0627\u0626\u0644\u064a\u0629 \u0630\u0627\u062a \u0627\u0644\u0623\u0637\u0631\u0648\u062d\u0629 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629 \u0627\u0644\u0645\u062d\u062f\u062f\u0629\u060c \u0648\u0627\u0644\u0623\u062f\u0648\u0627\u062a \u0627\u0644\u0645\u062a\u062e\u0635\u0635\u0629 \u0627\u0644\u0628\u0627\u062d\u062b\u0629 \u0639\u0646 \u062a\u062f\u0641\u0642 \u0635\u0641\u0642\u0627\u062a \u0641\u064a \u0627\u0644\u0641\u0636\u0627\u0621 \u0627\u0644\u0639\u0627\u0628\u0631 \u0644\u0644\u0642\u0627\u0631\u0627\u062a \u0627\u0644\u062b\u0644\u0627\u062b. \u0648\u0645\u0627 \u0646\u0642\u062f\u0645\u0647 \u0644\u064a\u0633 \u00ab\u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639\u00bb\u060c \u0641\u0630\u0644\u0643 \u062a\u0642\u062f\u0645\u0647 \u0639\u0634\u0631\u0627\u062a \u0627\u0644\u0645\u0646\u0635\u0627\u062a \u0648\u0627\u0644\u0641\u0639\u0627\u0644\u064a\u0627\u062a\u060c \u0628\u0644 \u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0645\u0634\u0627\u0631\u064a\u0639 \u062e\u0636\u0639\u062a \u0644\u0639\u0645\u0644\u064a\u0629 \u0647\u064a\u0643\u0644\u0629 \u0635\u0627\u0631\u0645\u0629\u060c \u0628\u0648\u062b\u0627\u0626\u0642 \u0643\u0627\u0645\u0644\u0629\u060c \u0648\u0645\u0644\u0641 \u0639\u0646\u0627\u064a\u0629 \u0648\u0627\u062c\u0628\u0629 \u0645\u064f\u0639\u062f\u0651 \u0633\u0644\u0641\u0627\u064b\u060c \u0648\u062a\u062d\u0642\u0642 \u0641\u0646\u064a \u0645\u0633\u0628\u0642.<\/p>\n

\u0648\u0627\u0646\u0636\u0645\u0627\u0645 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0625\u0644\u0649 \u0634\u0628\u0643\u0629 Orbital \u0627\u0646\u062a\u0642\u0627\u0626\u064a \u0628\u0627\u0644\u0642\u062f\u0631 \u0646\u0641\u0633\u0647. \u0641\u0646\u062d\u0646 \u0644\u0627 \u0646\u0639\u0645\u0644 \u0628\u0648\u0635\u0641\u0646\u0627 \u0633\u0648\u0642\u0627\u064b \u0645\u0641\u062a\u0648\u062d\u0629\u060c \u0628\u0644 \u0646\u062a\u062d\u0642\u0642 \u0645\u0646 \u0645\u0644\u0641 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u060c \u0648\u0623\u0637\u0631\u0648\u062d\u062a\u0647 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629\u060c \u0648\u0642\u062f\u0631\u062a\u0647 \u0639\u0644\u0649 \u0625\u062a\u0645\u0627\u0645 \u0627\u0644\u0635\u0641\u0642\u0627\u062a\u060c \u0648\u062a\u0648\u0627\u0641\u0642\u0647 \u0645\u0639 \u0646\u0648\u0639 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0627\u0644\u062a\u064a \u0646\u0647\u064a\u0643\u0644\u0647\u0627. \u0641\u0627\u0644\u0627\u0646\u062a\u0642\u0627\u0626\u064a\u0629 \u0639\u0644\u0649 \u0637\u0631\u0641\u064e\u064a \u0627\u0644\u0637\u0627\u0648\u0644\u0629 \u0647\u064a \u0645\u0627 \u064a\u0636\u0645\u0646 \u062c\u0648\u062f\u0629 \u0627\u0644\u0645\u0648\u0627\u0621\u0645\u0629.<\/p>\n

\u0644\u0645\u0627\u0630\u0627 \u0647\u0648 \u0645\u062e\u062a\u0644\u0641<\/strong><\/p>\n

\u0644\u0627 \u064a\u0643\u0645\u0646 \u062a\u0645\u064a\u0651\u0632 Orbital \u0641\u064a \u0627\u0644\u062e\u0637\u0627\u0628\u060c \u0641\u0643\u062b\u064a\u0631 \u0645\u0646 \u0627\u0644\u0641\u0627\u0639\u0644\u064a\u0646 \u064a\u0642\u0648\u0644\u0648\u0646 \u0643\u0644\u0627\u0645\u0627\u064b \u0645\u0634\u0627\u0628\u0647\u0627\u064b\u060c \u0628\u0644 \u0641\u064a \u0627\u0644\u0646\u0645\u0648\u0630\u062c \u0627\u0644\u062a\u0634\u063a\u064a\u0644\u064a.<\/p>\n

\u0623\u0648\u0644\u0627\u064b: \u0647\u0648 \u0628\u0646\u064a\u0629 \u062a\u062d\u062a\u064a\u0629 \u062f\u0627\u0626\u0645\u0629\u060c \u0644\u0627 \u0628\u0631\u0646\u0627\u0645\u062c \u0639\u0627\u0628\u0631. \u0641\u0644\u0627 \u062f\u0641\u0639\u0627\u062a\u060c \u0648\u0644\u0627 \u0623\u064a\u0627\u0645 \u0639\u0631\u0636\u060c \u0648\u0644\u0627 \u0645\u0648\u0627\u0639\u064a\u062f \u062a\u062e\u0631\u0651\u062c. \u0648\u062a\u0633\u062a\u0645\u0631 \u0627\u0644\u0639\u0644\u0627\u0642\u0629 \u0645\u0639 \u0643\u0644 \u0645\u0634\u0631\u0648\u0639 \u0645\u0627 \u062f\u0627\u0645\u062a \u0644\u0627\u0632\u0645\u0629\u060c \u0625\u0644\u0649 \u0623\u0646 \u064a\u0635\u0628\u062d \u062c\u0627\u0647\u0632\u0627\u064b \u0644\u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0623\u0648 \u064a\u062a\u0628\u064a\u0651\u0646 \u0623\u0646\u0647 \u0644\u0646 \u064a\u0643\u0648\u0646 \u0643\u0630\u0644\u0643.<\/p>\n

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\u062e\u0627\u0645\u0633\u0627\u064b: \u0646\u062f\u0645\u062c \u0642\u062f\u0631\u0627\u062a \u064a\u062c\u0632\u0651\u0626\u0647\u0627 \u0627\u0644\u0622\u062e\u0631\u0648\u0646. \u0625\u0630 \u062a\u062c\u062a\u0645\u0639 \u062a\u062d\u062a \u0645\u0638\u0644\u0629 META Channel Corporation \u0642\u062f\u0631\u0627\u062a \u0642\u0627\u0646\u0648\u0646\u064a\u0629 \u0648\u0645\u0627\u0644\u064a\u0629 \u0648\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0629 \u0648\u062a\u0646\u0638\u064a\u0645\u064a\u0629 \u0648\u0625\u0639\u0644\u0627\u0645\u064a\u0629 \u062a\u062a\u0637\u0644\u0628 \u0641\u064a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0645\u0639\u062a\u0627\u062f\u0629 \u0627\u0644\u062a\u0646\u0633\u064a\u0642 \u0628\u064a\u0646 \u0645\u0642\u062f\u0645\u064a \u062e\u062f\u0645\u0627\u062a \u0645\u0633\u062a\u0642\u0644\u064a\u0646 \u0645\u062a\u0639\u062f\u062f\u064a\u0646. \u0648\u0647\u0630\u0627 \u0627\u0644\u062f\u0645\u062c \u064a\u0642\u0644\u0651\u0635 \u0627\u0644\u0648\u0642\u062a \u0648\u0627\u0644\u062a\u0643\u0644\u0641\u0629 \u0648\u062e\u0637\u0631 \u0639\u062f\u0645 \u0627\u0644\u0627\u062a\u0633\u0627\u0642.<\/p>\n

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Orbital Investment & Execution Hub | <\/strong>\u0642\u0633\u0645 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0648\u0627\u0644\u062a\u0646\u0641\u064a\u0630 | META Channel Corporation Ltd<\/p>\n

\u0645\u0648\u0642\u0639 META Channel Corporation \u0627\u0644\u0625\u0644\u0643\u062a\u0631\u0648\u0646\u064a<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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