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NewsTranscript
00:00Thank God, in 2023, our revenue increased to 112 million with an increase of approximately 45%.
00:12In total, our revenue increased by 13.77%.
00:17We also achieved a profit, but it was different from the previous year due to the specialization of foreign reviewers for 8th-grade specialists.
00:32This led to a decrease in the number of profits.
00:35In summary, today, thanks to God, we were able to move to the main market.
00:50God willing, this will also motivate us to expand our products and revenue.
01:05Mr. Ali, today, in light of the talk about moving to the main market,
01:11what are the main areas in which the requirements have been met in accordance with the decisions of the Saudi Financial Markets Authority by your company?
01:20Yes, the Saudi Financial Markets Authority has a set of standards.
01:24We live up to these standards.
01:28Thank God, we have met most of these standards.
01:33We still have an important standard for all companies in the market.
01:38It is an important standard for all companies in the market.
01:49When do you expect to receive an official response from the authorities?
01:57Usually, the Saudi Financial Markets Authority has a set of standards for reviewing the files.
02:08In terms of moving, I believe from my humble experience that the matter is related to circulation and not to the Saudi Financial Markets Authority.
02:19Yes, Mr. Ali, if we talk today about the size of your business and the number of employees, and in terms of contracts, as you said.
02:33Today, you have a market share in the Saudi market.
02:37In light of the competition, how much is estimated?
02:40In addition to that, what is the financial size available for the company as a financial company?
02:48Of course, the size of the competition or the share is accurately stated.
02:55I do not have or any of the competing companies.
03:00But what we always emphasize is that we do not have real competitors in the same products that we offer.
03:11Today, we are classified as a company that solves human resources.
03:16We have a number of products, whether at the level of leadership positions or at the level of the Saudis, or at the level of human resources consultations, training and evaluation.
03:28Until we finish the process of technical investments, which we started about 8 to 9 years ago.
03:35We have more than 4 or 5 applications.
03:38One of the most famous applications is the IHRJobs application.
03:44Mr. Ammar, what about the size of the expected contracts until the end of 2024?
03:50And what about your focus in different sectors? Is it on the government? Is it like the government? Or other than that?
03:58Thank God, we have a number of licenses.
04:03Whether at the level of employment licensing from the Ministry of Human Resources.
04:09Or at the level of training from the public institution for professional training.
04:12At the level of health training from the health department.
04:16And also at the level of communication centers from the Ministry of Information Technology.
04:24All of our licenses are private licenses.
04:28And today, at 3 o'clock, we have a signing ceremony and the launch of the call center services with Genesis International.
04:39Mr. Ali, in the framework of the promotion to the main market and with the achievement of these positive results,
04:46has the policy of distribution improved for the company in the coming period?
04:53Yes, I think that the distribution this year will be higher than the previous distribution.
05:04And we will develop, God willing, during this year to achieve higher results in terms of profits, God willing.
05:13Mr. Ali, with the expectation of the Kingdom of Expo in addition to the World Cup,
05:18without a doubt, the demand for jobs in addition to various human resources sectors will increase.
05:24Is there a plan for you to expand? And what are the targets in terms of the number?
05:29Yes, we have a strategy that will be published in the coming months, God willing,
05:35regarding our plan for the next five years.
05:38One of the most important pillars of this strategy is our presence in Expo,
05:44our presence in the World Cup, and our presence in major Saudi projects such as Neom and Qadda.