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00:00 The results of the Saudi companies are in contact and this time we highlight the results of the Marinali profit in the first half of this year and the most prominent details that supported the results of its work during this period.
00:16 We start with the profits during the second quarter of this year and we find that it grew by more than 5% during this period.
00:25 The profit was more than 13 million Riyals. The growth was supported by the growth of the revenues which grew by 5% during this period and thus exceeded 40 million Riyals.
00:39 The most prominent factors that contributed to this result was the increase of the income of the private currencies and the increase of the revenues.
00:47 The return was in the fifth quarter of the total profits by 73%. This is a company specialized in non-financial financing.
00:56 Its capital distribution is 50% to individuals and 50% to small and medium-sized companies.
01:04 We noticed that the results of its work during the first half of this year were 8% to exceed the net profits of 28 million Riyals during this period.
01:16 It also seems that the revenues were 10% to the total profits.
01:24 But if we talk about the most prominent contracts that were approved during this period, this company also entered the Saudi market and was approved during June.
01:36 We noticed that there was also a company that was recommended to distribute its cash profits in 2022.
01:43 The total distribution reached 37 million Riyals and it recorded a ratio of 5.3% to 100%.
01:51 There was also a signing of a strategic partnership with the Hunger Station company.
01:58 This partnership is also included in the company's plans to strengthen its business and its employees.
02:05 This agreement cost 250,000 Riyals.
02:09 We also noticed that the share price has been able to record higher levels since the start of the period.
02:19 Therefore, the share profit of Marina reached 5.7 times compared to the average share profit of the market at 18.7 times.
02:27 These were the results of the new company's activities in the Saudi market and the latest statements that the company made to the CNBC in order to strengthen its capital and expand its business.
02:43 anyhow.