الرئيس التنفيذي لشركة "لومي" للتأجير السعودية لـ CNBC عربية: حصة الشركة السوقية تبلغ 7% بأسطول يتجاوز 28 ألف مركبة

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Watch الرئيس التنفيذي لشركة "لومي" للتأجير السعودية لـ CNBC عربية: حصة الشركة السوقية تبلغ 7% بأسطول يتجاوز 28 ألف مركبة - CNBCArabia on Dailymotion

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00:00 Our goal is to establish the value for the shareholders and also for the clients.

00:11 The second thing is that we want to have better service for our clients and to realize the

00:20 real value for our companies and our shareholders.

00:24 The third thing is that we want to have a future with capital resources if needed.

00:34 And for now, our budget is strong enough to support our growth in the future.

00:42 If I believe you are talking about the sales of the company, then I agree.

01:11 We are talking about the market share.

01:14 All investors want to know the size of Lumi in the Saudi market.

01:18 What is your market share in the Saudi market today?

01:21 What is your arrangement for the car rental market in the Kingdom?

01:35 As you have seen, the market share is 30% in the first 15 minutes.

01:55 This means that investors have confidence in the company and we are confident that we

02:05 will keep the same market share for the investors and we can also keep the same market share

02:13 in the future.

02:14 Let's see Lumi in terms of the size of the car rental market and if there is a strategy

02:24 to increase the number of cars.

02:27 As of today, we have more than 28,000 cars and we are in the third position in the car

02:41 rental market.

02:42 We have a 7% market share and we are optimistic that we will increase this share over time.

02:52 Our growth in cars and our budget will be based on our cash flow and we are confident that

03:02 we will enter the market over time.

03:07 Let's talk about the size of the financial commitments of the company.

03:13 As you know, we are still talking about high interest rates.

03:19 To what extent do these rates still affect your desire to obtain future bank loans?

03:31 As of today, our budget is very strong and we have no problems with the debts but it

03:44 has reached only 0.9%.

03:46 Our operations depend on the cash flows of the company and we are ready to take loans

04:00 from banks.

04:01 The interest rates are increasing and that is why we are transferring these commitments

04:12 to the clients whenever we grow in the market.

04:16 Yes, we are talking today about the value of the company and its principles when evaluating.

04:23 The company's principles are based on 73% of the cars and what is left of the equipment

04:30 and other things.

04:31 This kind of principles have a salvage value in the financial system.

04:37 This means that its value will decrease year after year.

04:40 How will we judge the total value of the company's principles after the salvage operations?

04:46 We have a problem with the cost of the workers.

04:53 There is a cost of the car over time and this depends on the life of the company.

05:02 That is why we transfer the cost to the clients and this is part of the pricing and the pricing

05:09 of the car.

05:14 We are committed to these principles and we will replace them if we do not use them.

05:21 We also have cash flows from the operations and from the salvage operations.

05:26 Let us ask ourselves what is next?

05:29 What is next after this proposal?

05:32 Are there any plans to start the salvage operations or merge the companies?

05:39 As of now, our focus is to ensure the company's stability after the first year of operation

05:56 and to ensure that the market leaders do not have any intention to merge or merge.

06:06 Yes, if there is a chance in the future, we can look at this opportunity based on the

06:13 company's growth in the future.

06:16 Let us look at the commercial market now.

06:21 Mr. Athfar, in the case of this competition that we are witnessing in the Saudi market,

06:27 when do we expect the company's name to achieve a commercial mark?

06:33 This industry is very underdeveloped.

06:44 It has been underdeveloped for a long time.

06:51 There are security measures and strict rules that make this industry difficult to enter

06:58 in the future.

07:00 If there is an opportunity, yes, there will be an entry into this market.

07:06 But now, we do not expect any major competition from the competitors in the near future.

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