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00:00 In response to the increase in capital, of course, he is using the increase to expand
00:10 or to use the interest to expand the company's portfolio, whether in Ha'il or in Riyadh.
00:19 Yes.
00:20 Usually, when a company increases its capital, the purpose is to pay off some of its commitments
00:28 or some losses.
00:30 Did you have any losses and you wanted to increase the capital to pay them off later?
00:36 No, never.
00:38 Thank God, the company continues to give its excellent and our profits speak for this
00:44 growth.
00:45 The increase in capital is only for the company's funding, in itself, in the expansion
00:56 of the company's portfolio.
00:58 We are now talking about the total loans at the end of 2023 and the company's needs
01:05 for new investments during this year.
01:08 Our loans in December 2023 are 43 million.
01:18 As for the future needs, we do not have any needs now, but if there is a need, whether
01:28 it is funding from the company or through commercial loans, God willing.
01:37 You said that you have strong profits and therefore you will certainly have employment
01:43 for the process of increasing the capital.
01:46 What is the shape of the expansion you are looking at this year and how much is the
01:53 expansion plan?
01:55 The expansion is in progress.
02:01 We started in 2023, the Anwar Al-Mufaiq Hospital, and we are expanding it.
02:14 We have the second phase of the expansion, which is the structure of Riyadh.
02:25 We have the final phase of Riyadh and the expansion of Anwar in Ha'im.
02:31 We will have a medical city in Ha'im, with a heart wave, which will be invested by
02:38 Amanat to establish a medical city in Ha'im.
02:42 The amount of money required for the expansion is about 200 million for the next three years,
02:52 and it will be dedicated to the projects that you mentioned.
02:57 We will return to this topic later and talk about what is happening in many investors'
03:03 pockets, which is the policy of distributing profits.
03:06 We are trying to continue distributing profits, but on the condition that there is a liquidity
03:15 available, we will continue with the existing distributions and we will not force you to
03:26 take any additional funds.
03:29 The directions of the board of directors are to continue distributing profits, and as
03:36 we mentioned, the issue of liquidity availability and not harming the expansion with loans.
03:47 Let's look at your next plans and enter new activities.
03:54 Will most of your work be in the medical sector, or will you have non-medical operations
04:01 in the next phase?
04:03 No, the company's focus is only on medical.
04:10 Non-medical operations at the moment are for medical institutions, but after the exams
04:19 of the next two years, the division may start focusing on external funds for medical
04:26 institutions.
04:27 As we know well, Saudi Arabia is expanding to a very large number of large hospitals
04:34 and medical centers.
04:36 What is your ability to compete without breaking prices and achieving profits?
04:43 What is your market share that you are aiming for?
04:50 Today, we have not changed in our markets for the past four or five years at all.
04:59 We continue to provide high quality services, keeping prices low, and we are not losing
05:08 our cost-effectiveness.
05:13 Our market share is now a little less than 1%, and we hope that our daily expenses are
05:22 about 180 daily expenses.
05:25 We hope that by the end of 2024, we will be able to increase to 200 daily expenses.
05:34 We are waiting for the admission of the Riyadh Hospital to double this share.
05:41 When can the Riyadh Hospital enter the service?
05:46 According to the plans, we were planning to enter the service in two years, but due to
05:54 circumstances outside the will, there is a change in some of the electromechanical and
06:07 more development, according to what is now established in medical science, so we will
06:14 be delayed by about three years.
06:17 We will be a year late from the original plan.
06:21 We will be a year late from the original plan.
06:26 We will be a year late from the original plan.
06:31 We will be a year late from the original plan.
06:36 We will be a year late from the original plan.
06:41 We will be a year late from the original plan.
06:46 We will be a year late from the original plan.
06:51 We will be a year late from the original plan.
06:56 We will be a year late from the original plan.
07:01 We will be a year late from the original plan.