الرئيس التنفيذي لشركة توزيع الغاز الطبيعي - السعودية لـ CNBC عربية: تم إدراج الشركة بـ "نمو" في 2021 ونعمل على استيفاء شروط الانتقال إلى السوق الرئيسي

Transcript

00:00 The company was established in the market at the end of 2021.

00:04 Since then, there has been a noticeable development in the company's governance level and the

00:09 number of contributors has increased.

00:12 We must admit to the Council that this is the right time to move to the market, especially

00:18 after the death of the most important conditions for moving.

00:22 Currently, the company is working on a financial consultant for the transfer file and the

00:30 presentation of the financial market.

00:33 Of course, after the complete creation of the conditions in this field, God willing.

00:38 Any developments will be announced at the time, as we have explained in our announcement.

00:42 Mr. President, the investor and contributor want to hear the news related to the company's

00:47 size in the Saudi market and the expected revenues by the end of 2024 as a whole.

00:55 The current company's size is approximately 200 million Riyals.

01:00 The expected revenues for this year are approximately 120 million Riyals.

01:05 Yes, regarding the number of factories that the company connects to, how much is estimated

01:11 today?

01:12 Is there a desire to expand more in the local market and not just focus on one industrial

01:17 area?

01:18 Currently, the company serves about 70 factories.

01:21 There is an expansion plan for the next two years, God willing, to connect about 12 factories.

01:27 Of course, the company wants to expand to other industrial cities as soon as the opportunity

01:33 is given to compete.

01:35 In fact, it is expected to be within the next two years.

01:39 Mr. President, we know that the new developments in the Saudi Arabian Kingdom include a number

01:44 of new gas fields.

01:46 Today, to what extent do you expect a new share, a larger share?

01:50 And does the company's strength allow this expansion?

01:54 Yes, with the development of the gas fields, it is expected that the gas will reach more

01:59 areas in the Kingdom.

02:01 Of course, the company will compete on the proposed projects if it is in line with the

02:06 company's activities and its development plans.

02:09 How much is your financial focus today, perhaps, for the readiness for this competition?

02:15 The company's budget is currently estimated at about 100 million, and it is expected to

02:20 increase it in the coming years by about 20 to 30 percent, God willing.

02:25 Mr. President, as we know, at the beginning of this year, the company received an address

02:30 from Aramco, which is related to the adjustment of natural gas prices.

02:34 How can this decision enhance and contribute to the growth of your will?

02:39 After the application of the announced prices, the company's will increased by 30 percent,

02:45 and this certainly enhances the company's financial position.

02:49 Mr. President, the CEO of the gas distribution company, we thank you for all these details.

02:58 You were with us from Riyadh.

03:01 [END PLAYBACK]