CNBCArabia
  • last year
Transcript
00:00Mr. Tariq, let me start with the profits that you have recorded, which is the completion
00:07of your annual profits in 2023, which was record in the company's history, and the fifth
00:13in succession.
00:14What strengthens the framework of your achievements and your continuity in these profits?
00:19In the name of God, the Most Merciful, the Most Compassionate, thank you.
00:25The truth is that the company put its strategy three years ago with the consultant BCG, and
00:32it put a plan of great growth and ambition, which is the main goal of the growth of profits.
00:43Of course, half of the growth of profits came from more than 55% of the company's growth
00:51in the past three years.
00:54In addition to this, 45% of the company's losses in investments, which are the hospital
01:03of Dr. Mukund Al-Faqih and the International Medical Center, began to recover and strengthen
01:11the company's role and financial center, and also strengthen the company's strategic
01:18position in terms of growth in the acquisition of good hospitals with organic growth.
01:29Okay.
01:30You had clear expansion plans, especially in some areas, mainly your expansion in Al-Ihsa.
01:38To what extent do you believe that the direction of expansion in areas is still recording
01:45in the use of medical and health services?
01:51An important question.
01:53First, the company's strategy focuses on the Riyadh area because it is the largest area
02:00and the largest market for health services.
02:05Also, because we expanded in the hospital of Dr. Mukund Al-Faqih and expanded in Nammar
02:15and participated in the company of Dr. Mukund Al-Faqih, and now we will start working
02:22in our hospital in Al-Arab.
02:26This means that the company's focus is on the Riyadh area.
02:32Also, we have acquired shares in the Medical Center of Mecca, and now we have also acquired
02:41shares in the International Medical Center.
02:45Our share is 28%, and in the Center of Mecca, we own more than 53%, more than 93%.
02:56Now, we are in the middle of negotiations in the eastern region, in Al-Ihsa and Al-Khobar.
03:02We will soon announce the initial agreement, and God willing, the final agreement.
03:11Now, we will start with what the company has done in the past five years, in addition to
03:24the renewal of the main hospital.
03:27We expanded the western building in Dallat, expanded in Nammar and Al-Sareed, expanded
03:33with Dr. Mukund Al-Faqih in Mecca, and we will continue this expansion in our current hospital.
03:40This will increase the efficiency and increase the profit.
03:45Okay.
03:46How will you finance the expansion operations?
03:49I mean, you have profits.
03:51Where will you go with these profits?
03:54How will you employ them?
03:56Will you resort to financing the expansion operations yourself or what?
04:01Yes.
04:02Of course, most of our acquisitions are done through equity swaps.
04:08Through equity swaps, we give the acquired company shares in addition to a mix of equity swaps and cash.
04:23The company's EBIT is now 780 million.
04:27This, of course, enhances the company's ability to acquire either shares or cash.
04:37Okay.
04:38And in terms of your savings in general from all these businesses, which of them do you think will make you profitable?
04:47And which of them may need a few years to cover the operating costs?
04:52Of course, we have the Jules Zekraun hospital in Dalla Al-Nakhil.
04:59But, of course, because of our reputation and so on.
05:04But all of our investments have saved us.
05:07I mean, Al-Mamlaka Hospital, which we grow about 59% of, has a good growth rate.
05:13The Medical Center of Mecca has a growth rate of more than 70% this year, and may reach 100% by the end of the year.
05:22Namar has a growth rate, alhamdulillah.
05:24I mean, alhamdulillah, all of our investments have growth rates.
05:28The International Medical Center has a good growth rate.
05:31It has shown this in the first quarter of this year.
05:34Alhamdulillah, I mean, the company is taking steady steps.
05:39And it has started to build on the brand and reputation of Dalla Al-Sahiya and its strength in efficiency, safety, and quality in its health services.
05:57And the medical services that Dalla Al-Sahiya provides have shown this, alhamdulillah.
06:01Yes.
06:03We wish you all the best, of course, in your future expansion and continuing to achieve these profits.
06:11Thank you very much, my guest is Dr. Tarek Al-Qasabi, and you are the Chairman of the Board of Directors of Dalla Al-Sahiya.