ارتفاع الأرباح المجمعة للشركات السعودية باستثناء أرامكو 8% إلى 32 مليار ريال بالربع الأول 2024
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00:00Let's move on to the results of the companies' work in the Saudi market, and it seems that
00:06these combined profits, if we exclude Aramco's results, will achieve a clear growth during
00:12the first quarter of this year.
00:14We look at the details of these results, which appear to be only 30 billion Riyals during
00:20the first quarter of this year.
00:21First, we look at the details related to the combined profits of these companies, in the
00:27case of Aramco's results, there are 8% returns, and thus it reached about 136 billion Riyals.
00:37But if we exclude Aramco's results from the combined profits of these companies, it
00:43came with 8% increases, and thus these profits fell to 32 billion Riyals during the first
00:50quarter of this year, compared to the quarterly basis in the same quarter of 2023.
00:55We look at the details related to these results, starting with the summary of these results,
01:01there was an increase in profits of 126 companies, but a decrease in profits of 47 companies.
01:08The most prominent is the losses that the companies had, with 38 companies incurred losses
01:14during the first quarter of this year.
01:16As for the details related to the results of the work, especially the leadership, notice
01:22that for Aramco, during the first quarter of this year, there were 12% returns in its
01:28results and profits, and thus the profits were at 136 billion Riyals.
01:34But as Aramco used to do, it contributed by distributing the money.
01:39The public bank, for these profits, had 14.1% of the profits.
01:43The banking sector in general, in its results during the first quarter, also benefited
01:48from the entry of benefits and an increase in interest rates.
01:51As for the success rate, there were 6% increases in its results.
01:54As for the telecommunications sector, if we look at STC, its results were 6% increase,
01:59and for Riyadh Bank, 3% increase during the first quarter of this year.
02:04We also move on to the most prominent effects that were on the results of these companies
02:09during this period, the banking sector.
02:11As we mentioned, the results of the banking sector were better than expected.
02:15It benefited from the increase in interest rates, and there were even some banks that
02:20got rid of their specialties, which supported the results of this sector during the first
02:26quarter of this year.
02:27We move on to the rest of the sectors and the influencing factors, if we were to talk
02:31about the petrochemical sector.
02:32The petrochemical sector suffered during the beginning of this year, at the beginning
02:36of the decision that was made by Aramco in relation to raising the prices of metals,
02:41and this affected the companies and the production costs.
02:44It also led to a reduction in the sizes and prices of products, in addition to the
02:50price fluctuations that we have seen in the global markets.
02:53As a result, this led to a reduction in profit margins.
02:57Moving on to the insurance sector, which was also a promising sector, especially in
03:02Saudi Arabia.
03:03There were strategies taken by the Saudi government in relation to establishing
03:08an insurance agency to provide a better environment for the competitive insurance sector,
03:13in addition to the acceptance and expansion in business and projects, which also
03:18obliges the insurance coverage.
03:20As a result, there was an increase in the number of insured and the seasonality of
03:25business, and as a result, a 50% increase in the insurance sector.
03:29We will also go back to detail in relation to these details to clarify the range of
03:34the insurance sector and its performance.
03:37We will also discuss the positive performance of Saudi companies during the first quarter
03:41of this year, some of which were also able to exceed expectations.