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00:00 The Saudi wire factory has signed an agreement with a leading industrial investment company
00:07 to acquire a share in the company's property
00:10 when the two sides reach a final agreement.
00:13 According to the company, the wire factories will be finalized after the end of the evaluation
00:21 and the negative tests of ignorance.
00:27 Today, the wire is being reused at almost half of the 100-pound mark
00:31 at a level of 26.30 riyals.
00:33 Is it not about to be closed?
00:36 About the latest developments witnessed by the wire company,
00:39 we join us from Riyadh, Mr. Nabil Al-Ameer,
00:41 the CEO of the Saudi wire factory.
00:44 Welcome to us, Mr. Nabil, and thank you for being here.
00:48 Let's start by talking about this agreement
00:50 to acquire a share in the property of the industrial investment.
00:54 What is the goal of this agreement, and to what extent can we see its direct impact on the company's performance?
01:01 In the name of God, the Merciful.
01:05 Thank you, Mrs. Maysa, for the invitation and for the company's news.
01:09 The truth is, as was announced,
01:11 we signed an agreement with the wire company, the industrial investment.
01:18 Of course, there are many steps to be taken to evaluate the negative tests of ignorance.
01:27 We ask God for your blessing and for the company's ambitions.
01:34 Of course, as soon as the agreement is completed,
01:40 we will try to reach the agreed amount of 180 million.
01:44 We are happy to meet the required amount during this period or before it.
01:48 The main goal of the company is to diversify its investment resources
01:54 and invest in promising and different sectors from the company's sector.
01:59 We believe that it has positive indicators for the long term.
02:04 Yes.
02:05 How many shares do you want to acquire from this agreement,
02:09 in terms of Mr. Nabil, and also the financing process for this acquisition?
02:14 How will it be done once the procedures and negative tests of ignorance are completed?
02:20 In fact, the acquisition percentage is not specified.
02:24 It will be based on the evaluation result and the size of the acquisition and the size of the company's evaluation.
02:31 We hope that there will be a fundamental share,
02:36 which will give good feedback to the company's will,
02:42 and represent a real investment that contributes to the development of this activity
02:50 for the company that is using it.
02:52 As for the financing, of course, the size of the acquisition has not been specified yet,
03:00 and there are several options that are available.
03:04 We can include the acquisition in exchange for a negative test,
03:11 but we have many options and we will look for them, God willing, and we will see.
03:15 Yes.
03:16 You have already done that by completing the acquisition of 30% of O1 VINs, Mr. Nabil.
03:23 So, how much is the plan until the end of this year to have a targeted investment for your acquisitions?
03:31 The truth is, yes, we have already done the acquisition and we have started participating in the company's business and its decisions.
03:41 The company is now working in the field of security control,
03:47 according to the procurement of the industrial security agencies,
03:50 and it is currently implementing projects in the Kingdom of Saudi Arabia with tens of millions,
03:55 with many sectors such as Aramco, the General Electricity Office,
04:03 the Electricity Station, other vital sites, and vision projects.
04:07 So, this is a real investment and a positive feedback for the company.
04:15 The next projects, in my opinion, will be the basis from now until the end of the year.
04:25 The field is still open to participate in any acquisition or integration with companies.
04:34 We believe that it adds value to the products and helps the company's business to flourish.
04:42 You are telling me that there are many options for the company to complete the acquisitions.
04:47 How much is the option of the acquisition in light of the increase in the interest rates?
04:51 It seems that there is also an option available to the Saznabil cable company.
04:57 Currently, the cable company does not practice the activities of the commercial and financial sector,
05:05 and this is a good thing from the beginning.
05:08 God willing, the company will remain capable of carrying out the acquisition movement
05:16 without the need for the acquisition of commercial companies.
05:20 So, there is no plan at all to acquire during the current phase?
05:25 No, this is not the case.
05:28 Yes.
05:28 You are also completing the manufacturing facilities to be distributed in the markets, Mr. Saznabil.
05:35 What are the facilities that are ready and can be seen in the markets soon?
05:39 How is the strategy for these facilities?
05:44 The truth is that the company's latest project is a factory in the city of Al-Kharj,
05:54 with an area of 15,000 square meters.
05:56 It is a factory that is located in the city of Al-Kharj, and it is a factory that is located in the city of Al-Kharj,
06:05 and it is a factory that is located in the city of Al-Kharj, and it is a factory that is located in the city of Al-Kharj,
06:13 and it is a factory that is located in the city of Al-Kharj, and it is a factory that is located in the city of Al-Kharj,
06:19 and it is a factory that is located in the city of Al-Kharj, and it is a factory that is located in the city of Al-Kharj,
06:23 and it is a factory that is located in the city of Al-Kharj,
06:27 and it is a factory that is located in the city of Al-Kharj,
06:32 and it is a factory that is located in the city of Al-Kharj,
06:38 and it is a factory that is located in the city of Al-Kharj,
06:43 Some of the reductions we saw in the third quarter for the profits of the company, Mr. Nabil,
06:47 We expect that there will be an improvement in the level of demand for the fourth quarter,
06:51 Can the pressure and resumption of sales continue on the same level that we saw in the third quarter for the company?
07:01 The whole sector, the construction and construction sector,
07:07 has seen a decrease in demand since the beginning of the year,
07:11 and a decrease in the prices of raw materials,
07:15 which has greatly increased the prices of raw materials and has greatly increased the prices of sales.
07:21 The third quarter, thank God, I think that we are in the middle of a decrease in the prices of raw materials from the beginning of the year
07:29 until the fourth quarter, which was about 20% of raw materials in production.
07:35 I think that now we are in a stable situation,
07:39 and we expect that the pressure on the sales of raw materials will be reduced.
07:45 The demand is still suffering, there is still a weakness in demand,
07:49 and we expect that it will continue until the end of the year.
07:53 The company, as we mentioned before, has improved in these circumstances,
07:57 and the production of raw materials in other sectors,
08:01 its focus on raw materials is better and its competitiveness is better.
08:05 We look at the two sectors, civil and construction, with the same vision.
08:09 We expect that things have improved, at least in terms of changes in the prices of raw materials,
08:15 which has reduced the negative impact on the consumers.
08:19 Despite the decline in profits, you have provided profits to the contributors,
08:23 Mr. Nabil, in the third quarter and the second half of this year, 10%.
08:27 The policy will not change despite these challenges. How do you explain this?
08:35 The truth is that the board of directors is still maintaining its policy of distribution.
08:43 The company is still in the center of the strong financial center,
08:47 in addition to reducing capital and increasing the value of the contributors' shares.
08:53 In addition, the distribution of profits has been reduced from the second quarter of last year to nine months of the current year.
09:03 The company has a high level of financial availability,
09:07 and I think all these things are reassuring.
09:13 I mean, the board of directors should make this decision,
09:17 which is in line with the company's distribution methodology.
09:21 The last question will be about the sharing of shares, Mr. Nabil,
09:25 according to the new company law.
09:27 Many companies have recently adopted this policy in the company law.
09:35 The new law is true for the company to reduce the value of the shares.
09:41 This issue has always been discussed by the board of directors,
09:45 and no change has been made.
09:48 We have noticed that this is in the company's interest.
09:52 The shares will be distributed, and so far no change has been made.
09:57 We wish you good luck, Mr. Nabil Al-Ameer,
09:59 CEO of the Saudi Railways Factory Company.
10:02 You were with us from Riyadh.
10:04 [BLANK_AUDIO]