تاسي السعودي ينجح بالإغلاق عند مستويات 12500 نقطة رغم تراجع أسهم قطاع المواد الأساسية

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Watch تاسي السعودي ينجح بالإغلاق عند مستويات 12500 نقطة رغم تراجع أسهم قطاع المواد الأساسية - CNBCArabia on Dailymotion

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00:00Let's move on to the analysis of today's session in the Saudi market with my guest, Mr. Mohammad Al-Amran,

00:05President of the Gulf Central Financial Consultations Center.

00:07Welcome, Mr. Mohammad.

00:10Tell me about the stability that the Saudi market is enjoying.

00:15Then I will take with you some details of the sitting news.

00:19With the siege of geopolitical tensions and the clear assurance that the Iranian side will not rise any more

00:28and cause the region to be in an unprepared war.

00:31The subject has affected all markets.

00:33Everything is back to its basics today, whether oil, gold, Wall Street and others.

00:38Is Saudi Arabia still cautious in its indicator and market?

00:43In the name of God, the Merciful.

00:45In general, there is no doubt that the market, when it fell several weeks ago,

00:50below the level of 12,700, was for many reasons,

00:53one of which, of course, was the geopolitical influences in the region.

00:57Now, of course, it has been reduced, without a doubt,

00:59with the evidence that when we follow the movements of the world oil prices and their stability,

01:03it gives us a primary indication, at least, that the situation has begun to stabilize and calm.

01:09For the market, of course, it is in a state of imbalance.

01:13It is trying to establish a price base for the decline that has begun.

01:16But this price base remains relatively in a horizontal course,

01:21if we look at it in broader terms.

01:24Because the market went up to 12,900, then it fell, then it rose, then it fell now.

01:29And it seems to me that we are close to the end of the correction.

01:33We have not confirmed yet, but the market is trying to establish this base.

01:38And for this reason, there is a kind of stability and a kind of maneuvering

01:43close to the level of 12,500 points, up and down, yesterday, today, the previous session.

01:49Therefore, the market considers 12,500 as a very important critical point to establish the price base.

01:56Of course, there is no doubt that there are other factors that will play a major role in determining the market course.

02:05Of course, one of the most important is the results of the companies in the first quarter of this year,

02:09which I think its announcement and appearance will play a major role in determining the course.

02:14Also, because this coincides with the announcement of the major companies.

02:18Today, this week is a week for tech companies in the United States.

02:22And this is, of course, important to determine the markets around the world,

02:26and not just in the markets of the region, including the Saudi financial market.

02:30And therefore, the market in general is trying to establish and be able to prove.

02:36But of course, the issue of success in forming the high channel and returning to the highs,

02:42this has not been confirmed yet.

02:44This can happen at any time soon, in light of the data that indicates that the stage of building the price base and rising again,

02:55we are seeing it now in reality, but we are just making sure.

03:00From a theoretical point of view, I think if we rise above the level of 12,580 or 12,600,

03:08this is almost the first positive sign for us to enter the high trend.

03:13Why don't you see the market as a positive sign from the STC deal,

03:18one of the companies affiliated with the World, with the General Investment Fund?

03:21There is an Egyptian saying,

03:25those who don't have a big one, buy a big one.

03:27The General Investment Fund, just because it is a partner with me,

03:31this is to protect my investments.

03:34The company did not leave out all its investments in the charts.

03:38It will sell 51% of it.

03:40First, there will be liquidity.

03:42Second, there will be support.

03:43And the nature of the agreements, perhaps with a foreign international company,

03:47we don't know what the future holds for the General Investment Fund.

03:51The guys cut the thread in the subject of future negotiations with other parties.

03:55Why did the market react to the STC deal today with a decline in shares?

04:00Indeed, a strange reaction.

04:02I agree with you.

04:04The deal has been going on for many years,

04:07and it has received a response,

04:09whether it was between the General Investment Fund with Mobiley,

04:13and now with STC.

04:15But it seems to have been achieved.

04:17For STC, of course, it is a sale and leaseback process,

04:22which means selling and re-renting,

04:25because it will continue to rent and use these charts.

04:29It is only an accounting process.

04:31As you mentioned, there will be cash agreements for STC

04:35of about 8.7 billion Riyals.

04:38It will decrease from the debt,

04:40because it is very clear that the company has a large debt.

04:43Because when you sell, the estimated value is about 22 billion,

04:48and they said they would pay 8.7, not 11 billion.

04:51This means that there are debts.

04:53This is also confirmed in the STC statement

04:56that the final amount will be determined after determining the debts,

04:59cash, and other things.

05:01Therefore, the sale will not only come in cash,

05:04it will reduce the debt ratio,

05:07and the debt on STC,

05:09because it is the parent company.

05:11But of course, on the other hand,

05:13the profitability will be reduced,

05:15because half of the company will sell it.

05:17This gives a kind of will for the company,

05:21at least internally,

05:23between the parent company and the company that follows it.

05:26But in general, I see a strategic direction,

05:28not only for STC,

05:30but for other companies that have assets,

05:32and freeze their assets,

05:34or criticize the assets for a long time.

05:36This is not the modern concepts in financial management,

05:41that these assets are sold and re-rented again.

05:45For example, the Emirates Airlines,

05:48by the way, today, most of its fleet does not own it.

05:51In fact, as soon as it buys a plane,

05:53it re-sells these investors a fixed income for a long time,

05:56and re-rents a plane from them again.

05:58Therefore, it keeps the liquidity,

06:00and does not freeze the money in fixed assets for a long time.

06:04This is not useful for it.

06:06The investor who buys this fixed income is a beneficiary,

06:12and the seller is also a beneficiary.

06:14Therefore, telecommunications companies,

06:16since they have fixed assets for a long time,

06:19are supposed to move in this direction.

06:22Of course, by selling the towers,

06:24they may sell other things,

06:26so that they do not freeze their liquidity in fixed assets,

06:29and therefore, the process is a win-win.

06:32They sell it and re-rent it.

06:34Therefore, the buyer benefits from the fixed income for a long time,

06:38and the seller benefits from the liquidity,

06:40and uses it through the rental contracts.

06:42Okay, nice. Let's go back to Aramco.

06:45What is the reason, from your point of view,

06:47that the market is paying more than Riyals for Aramco?

06:51Is there a positive reason?

06:53Is it the geopolitical tensions,

06:55and that Aramco may produce more than it is required

06:59from the quota agreed with OPEC plus,

07:02even though there is commitment to this issue?

07:04Is this the reason why Aramco paid the price for the rise?

07:08There is no doubt that the geopolitical risks,

07:12and the support of oil prices in recent days,

07:16to levels above 90 USD.

07:18It is true that it fell below 90 USD,

07:20but since it is in an upward trend,

07:22and is maintaining this trend,

07:24this will certainly be positive.

07:26Aramco.

07:27Let's not forget that the financial reports

07:29from international institutions

07:31about their expectations for oil prices

07:33during this year,

07:34all of them began to give signs of rising,

07:36in light of the decrease in demand,

07:38and in light of the decrease in capital investments.

07:41Therefore, there will be a great dependence

07:44on oil in a greater way than expected,

07:47and for this reason,

07:49they adjusted their expectations for the rise.

07:52This confirms that there are investment opportunities

07:55for Aramco,

07:57especially that its performance is stable,

07:59and the financial distribution is very favorable.

08:02This will draw a large number of investors

08:05who are looking for investments in energy,

08:08and in companies that provide

08:10very favorable cash distribution.

08:12For this reason,

08:13I see that there are opportunities,

08:15and today we can say that the energy sector

08:18is the main player in the rises,

08:20at the time when basic materials,

08:22banks, and telecommunications

08:24were under pressure.

08:26Thank you very much.

08:27My guest in Riyadh,

08:28Mr. Mohamed Al-Amran,

08:29and you are the president of the

08:31Gulf Council for Financial Consultations.

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