الرئيس التنفيذي لشركة أديس السعودية لـ CNBC عربية: نتوقع وصول حجم الاستثمارات إلى 5.5 مليار ريال خلال العامين المقبلين

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Watch الرئيس التنفيذي لشركة أديس السعودية لـ CNBC عربية: نتوقع وصول حجم الاستثمارات إلى 5.5 مليار ريال خلال العامين المقبلين - CNBCArabia on Dailymotion

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00:00 Qatar is one of the most important markets for us,

00:03 because it has very important parts.

00:07 Of course, gas, as a development and exploration of gas,

00:12 and also oil.

00:14 We had three excavators working there in the market

00:20 in the past period,

00:21 from almost 20+ rigs.

00:26 This is about 15% of the market share.

00:30 In fact, we won in the first year in Thailand,

00:35 in Indonesia, unfortunately,

00:38 with one of the producers there.

00:43 We took a rig from EDC, from Qatar,

00:48 and it started to move in the past two days towards Indonesia.

00:54 It was very important for us to keep our market share.

00:59 So we had the opportunity to take the excavator

01:03 and we won the contract with Total,

01:07 which is worth 350 million Riyals.

01:13 On average, our margins are within the limits of the cost of the gas.

01:17 - How much do you want to increase this share in the Qatar market, Dr. Mohamed?

01:22 Is it also intended to increase and increase your investments

01:26 in the Qatar market during this period?

01:30 - Of course, we see, as you said,

01:32 the Qatar market has a growth in the amount of gas up to 20-30,

01:36 almost 1.8% of the current production.

01:39 Also, as I announced,

01:43 in the north, there is an increase in expected production.

01:48 We expect to double our number of excavators,

01:54 which is currently three, and maybe six,

01:59 given the market condition and the opportunities there,

02:05 and given that we are part of the Middle East,

02:08 which gives us a very high level of competitiveness

02:11 compared to the international players in this field.

02:15 - Dr. Mohamed, you talk about expansion in Indonesia,

02:18 and you also have expansions in India and Thailand.

02:21 What are the most prominent markets you are aiming to expand to?

02:25 And what is the expected size to cover these expansions?

02:30 - In fact, the Qatar market, as you mentioned,

02:34 is one of the most promising markets for us,

02:37 or very important.

02:39 It has Southeast Asia in general,

02:41 as a result of the lack of excavators in the world.

02:44 A simple example,

02:46 there are about 400 excavators in the world today.

02:50 These 400 excavators are not built by others,

02:54 the market is not built by others,

02:57 so people compete for a very limited number of excavators.

03:00 We have 49 of these companies,

03:04 which allows us to compete.

03:06 There is a huge shortage in Southeast Asia,

03:09 and as you know, all these countries are in a very serious growth state,

03:13 and all of them are consuming and importing energy,

03:16 so they are trying to compensate for this shortage

03:19 by exploring and developing their products.

03:22 They have a very large number of excavators,

03:26 and we have three excavators working in India,

03:29 and we have a plan to increase this number.

03:33 We have an excavator in Thailand, which will start in the second half,

03:37 and we have an excavator in Indonesia, which will start in the second half.

03:40 We hope that these five excavators will be able to,

03:44 in the next two years,

03:47 double their number and reach 10 excavators in the region.

03:52 We will also be the leader in the region of Southeast Asia.

03:56 This is also a very good thing that a Saudi company is emerging,

04:02 and it can compete with international companies,

04:05 which is the number one company today.

04:07 Dr. Mohamed, in light of these expansions and the entry into new markets,

04:13 in light of this framework,

04:16 how much is the size of your investment portfolio estimated,

04:19 and what are your goals for increasing this portfolio in the near future?

04:23 Even in terms of the expansions you are doing,

04:26 does it depend on the existence of a currently available financial liquidity,

04:30 how much is estimated, or through banking funds?

04:35 As you know, we are a listed company in trading.

04:41 We have access to the equity market and we have access to the debt market.

04:45 But we have a very conservative policy,

04:49 which says that I usually try to take a loan or invest,

04:54 so that the contract covers the loan and the cash flow

04:58 to the equity or shareholders above and beyond.

05:02 Of course, we have been buying steel for two years.

05:04 As you mentioned, we rely on maximizing the income of equity shareholders

05:11 by maximizing the debt,

05:13 but this debt must be covered through contract leverage,

05:17 through contracts, and not just through assets.

05:21 In response to your question,

05:23 we are preparing a debt campaign today,

05:29 so that we can acquire a backlog,

05:33 at least twice the debt,

05:36 so that it allows the debt to be covered in a good way.

05:39 At the same time, we have financial liquidity,

05:41 as was announced in the last financial report of the F31-12,

05:48 in the range of 200 million dollars or 750 million riyals.

05:51 So, thank God, between the equity we have

05:54 and the availability or access to debt in a contract leverage manner,

06:01 so that it is covered in the usual way,

06:03 and there is no risk to the company or shareholders,

06:05 this will allow us to grow, God willing,

06:08 in terms of investments, we see that it will not be less than 1.5 billion dollars

06:14 or within the range of 5.5 billion riyals, God willing,

06:19 in the next two years.

06:21 Dr. By talking about the Egyptian market today,

06:24 with the number of contracts with Swiss,

06:27 how large is your business in Egypt?

06:29 What is expected from this market?

06:31 And how can you deal with the risks of the fluctuations in the exchange rates?

06:35 This is a very important question.

06:38 The Egyptian market was a very important market for us as a company,

06:41 and we have been working since 2012 as a market leader in the market.

06:47 We are able to deal with the circumstances,

06:49 because all our businesses in Egypt are Egyptian,

06:53 and at the same time, all our spending on local currency,

06:57 so we do not have the risk.

06:58 On the contrary, sometimes the evaluation works in our favor in some situations.

07:03 But today, the size of our business,

07:07 according to the latest budget, was within the range of 500 million Saudi riyals,

07:14 which I think is very good on an annual basis.

07:16 Of course, the process of limiting the exchange rate and the existing dynamics

07:23 has worked in our interest more as a result of reducing the cost

07:28 and increasing our revenue.

07:31 Therefore, today the risk is much less than six months ago.

07:37 I hope this continues, and God willing,

07:39 we will be able to live with the market from 2012 until today,

07:44 which is about 12 years of success, and we hope to maintain our market share.

07:47 Yes, Dr. Mohamed, the last question, and in short,

07:50 there were temporary platforms that were suspended in Saudi Arabia.

07:54 When do we expect their work to return?

07:56 And is there a reason for the increase in these businesses in the Saudi markets?

08:00 As you know, the Saudi market is a very large market,

08:05 and a very high dynamic market,

08:07 and they have their plans that change over time.

08:13 And thank God, we were able to,

08:17 through the number of platforms that were suspended for a year

08:21 within the five platforms,

08:23 thank God, we were able to employ three of the five today,

08:26 and two more platforms remain, and God willing,

08:28 through the efforts of marketing,

08:30 I see that in the coming months we will announce news, God willing,

08:35 about the employment process.

08:37 This is also good news that we were able to,

08:39 the five of them, in a short period of time,

08:42 as a result of our efforts, to employ them.

08:45 And we also see that Saudi Arabia is still aware,

08:48 especially in the field of unconventional gas,

08:51 or sea gas, which we are specialized in.

08:54 And we thank you, Dr. Mohamed Farouk Abdel Khaliq,

08:57 and you are the CEO of Addis,

08:59 who is in charge of all these details.

09:01 You were with us from Riyadh.

09:03 Thank you.

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