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00:00Mr. Awad, thank you for taking the time to be with us today, and I would like to ask you
00:13a question.
00:14Why are you doing this?
00:15Welcome, Mr. Tayyib.
00:16It's a pleasure to be here with you on CBS Arabia.
00:17Of course, the company's proposal is a strategic goal based on a plan to expand and grow the
00:36company.
00:37The plan started about five years ago.
00:40We have a continuous expansion and a continuous growth.
00:44The proposal in the stock market strengthens the company's foundation in terms of governance
00:51and balance, and also expands the foundation of investors to maintain the company and its
00:57sustainability.
00:58Yes.
00:59Technically, how do you tell us about this possible decision in terms of management?
01:03And let's also talk about your expectations, and if these expectations increase or decrease
01:10from the announced figures.
01:12Of course, as indicated in the publication of the publication, we are committed to 30%
01:19of the company's shares.
01:21This percentage has been adopted, and we do not expect it to change.
01:26The proposal aims at investment institutions, and 80% and 20% of the members.
01:36Our expectations, God willing, according to what was reported in the publication of the
01:41publication, is that the orders will be built and will end in the second month of May, and
01:45God willing, the allocation will be announced at the end of the month on May 26, God willing.
01:51Yes.
01:52You have been running and operating in our water since 2008 in Saudi Arabia, and you
02:01work mainly in the field of specialization, operations, and maintenance.
02:05Let's talk about the financial indicators for this company and its direction.
02:11Okay.
02:12The company achieved in the past five years a significant growth in financial indicators.
02:20We were able, thank God, to achieve a combined growth of more than 12%.
02:27We also achieved a combined growth in profits of more than 48% in the past three quarters.
02:42In 2023, the bottom line exceeded 17%.
02:46EBITDA has 43% indicators.
02:51In terms of the nature of the sector and the global situation of water distribution companies
03:00and water production companies, these indicators are considered very healthy and attractive.
03:06In the event that there are more requests from individual investors, Mr. Awad, in this
03:12list, will this draw on the categories?
03:15In other words, is it possible to reduce their shares?
03:19We expect that there will be an increasing number of requests.
03:23We have also felt this from investors and institutions.
03:27We have received requests that I do not expect to be met, but it is very important to know
03:34that there is a role in the proposal.
03:37It will be covered, and it will be specialized based on the knowledge and what is followed
03:43According to this direction, after this process of writing and drafting, has there been
03:48a change in your strategy?
03:50The strategy of the company is clear.
03:53We do not expect changes in the short term.
03:56The company has a ambitious strategy for growth.
03:59We expect that there will be changes in the short term.
04:03We expect that there will be changes in the short term.
04:07We expect that there will be changes in the short term.
04:12As I said, the company has a strategic and ambitious strategy for growth in the local market
04:17and in foreign markets.
04:20The company is one of the main investors and employers in the port sector and distribution
04:27in general, and we have, God willing, a configuration of ambition which will continue.
04:31As I mentioned, the writing is a stage from the point of the company and its growth, but
04:36it will not affect the strategy of the company.
04:40The company has a strong financial center, it has resilient financial flows, and it meets
04:47the needs of the company for growth, so the strategy of the offer was based on a secondary
04:54offer, so that the book's revenues go to the next investor.
04:59So, the 29th of April is coming soon.
05:02I thank you for being with us in this interview.
05:06Mr. Awad Al Etaibi, you are the CEO of Miahona, thank you very much, and I wish you success.