نائب الرئيس للشؤون المالية في شركة مهارة للموارد البشرية السعودية لـ CNBC عربية: نتائج الشركة المحققة في الربع الأول 2024 جاءت بدعم من قطاع الأعمال والخدمات

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Watch نائب الرئيس للشؤون المالية في شركة مهارة للموارد البشرية السعودية لـ CNBC عربية: نتائج الشركة المحققة في الربع الأول 2024 جاءت بدعم من قطاع الأعمال والخدمات - CNBCArabia on Dailymotion

Transcript

00:00The company's results in the first quarter of 2024 were supported by the company's main activities,

00:09especially the business sector and the services sector, the hourly services sector in the individual sector.

00:14The business sector grew by about 18% during this quarter, while the hourly services sector grew by about 60%.

00:23Of course, the business sector is one of the main sectors in the company, and there was a continuous increase in demand

00:31as a result of the economic movement that we have seen and are witnessing.

00:35The business sector grew completely, especially in terms of industry, employment, and negotiations during this period.

00:42This led to an increase in the levels of the number of businesses in this sector,

00:48thus improving the will and improving the results in this sector.

00:52As for the hourly services sector and the individual sectors, one of the main sectors is the company's commitment

00:59to limit the challenges faced by the individual sector due to the legislations

01:05and to expand the number of businesses in this sector significantly, resulting in better wills.

01:11This is when we talk about the main sectors for the company.

01:16Of course, there are two other aspects that led to the improvement of the results,

01:20which are, as you mentioned, the following companies and other sectors that have improved their wills and profits

01:28in the logistics sector and the services sector, in addition to the recent investments they have made,

01:35which have added to the profit we have seen, which is 55% more.

01:40Mr. Musab, how much of this continuous impact on the individual sector

01:44and as a result of the implementation of the price ceiling and services,

01:50is a part of the regression being able to be restored in other sectors?

01:54And what are the sectors that can get used to this effect?

02:00Yes, these legislations were adopted by the ministry at the end of the first quarter of 2023

02:08and the price ceiling continues to affect this sector.

02:12But this is not only affecting the individual sector.

02:16We have the competition in this sector and also the closure of some countries,

02:22such as Indonesia, and this is one of the effects on it.

02:27But today, the company's position in expanding, as we mentioned, in the services sector,

02:33this is one of the things that will reduce the impact of these challenges,

02:37in addition to providing new services.

02:40Today, the company provides medium-sized services and home care,

02:44and there are new services for VIPs and guests in the individual sector,

02:50which will provide support for the profits in this sector in the coming periods.

02:55But the biggest challenge was the presence of workers, which affected the reduction of the existing numbers.

03:02Today, we have positive news that gives us a positive range for the performance of this sector

03:07by opening the use of countries such as Indonesia and the Philippines,

03:11which will affect the average number in the coming periods,

03:15and therefore on the revenues and profits.

03:17Okay, you told me about the investments in partner companies today.

03:21Is there an intention for the expansion process to also include investments in these companies

03:27to increase the growth of their profits and even their revenues,

03:29which may affect the performance of the company in the future?

03:33That's a good question.

03:35These companies are long-term investments.

03:37One of the goals of the company, which was part of the company's strategy years ago,

03:42is to support the company's financial sustainability and main activities

03:47by providing profits or improving the rest of the company's profits.

03:54These companies provide excellent performance.

03:57Today, the return on investment is large.

04:00We have seen a large movement in the level of results in these companies.

04:0426 million during the first quarter, up 140%.

04:08So, it is performing the expected successes of these investments.

04:13These investments have expansion plans at the level of, for example,

04:19recovery funds for the Kingdom Hospital,

04:22or at the level of strategic projects in health systems,

04:27which are providing this return and improving the future of the company.

04:32Other expansions as new investments are based on the growth strategy

04:38adopted by Mahara in 2023.

04:41There will be a gap to realize some of the opportunities that support the company's main activities,

04:48or reduce the gap between the activities that we want to be in as soon as possible

04:58through strategic contracts or strategic agreements with other parties.

05:07We do not find large current investments today,

05:10but the field is open and the company's financial center is strong

05:13in its ability to borrow in the event of any future investment opportunities.

05:19Even dealing with the cost of financing, which may have increased by 1.2%,

05:25how much can we witness your ability to control these costs, Mr. Moussaab?

05:32And is it possible that it will increase with the expansion we are seeing in the company's borrowing?

05:37As I mentioned, the company's financial center is strong.

05:40The loans that were obtained were to finance part of the value of the investments that were made in 2022.

05:48These loans were made or were taken at special bidding prices,

05:54which lasted for 7 to 8 years.

05:57We saw the worst in the matter of rising the price of loans.

06:01We expect that this will be proven or will be less in the coming periods,

06:08but in general, we look at the return on investment including these financial costs

06:16and still positive results through the return on investment.

06:20But the debts that are expected to be paid, how much is it now?

06:24It reaches about 1.3 million.

06:27Yes, this is a loss, an example of a loss of 8% in the past,

06:35and it is a known example.

06:37It was taken according to the age of the city.

06:40We do not see anything different today.

06:44On the contrary, the company's ability in terms of liquidity and acquisition is very distinctive

06:50and is in line with the previous trends in terms of acquisition,

06:56so we still find the specialist acceptable and in line with the previous periods.

07:02I would also like to ask about government contracts.

07:05How much do you have, Mr. Moussaab?

07:07And in terms of business today, since you are talking about some markets,

07:11such as Malaysia, Indonesia and the Philippines,

07:15what is the most central business today in terms of the company and its acquisition?

07:21Of course, it varies from sector to sector in terms of nationalities.

07:26Of course, the Indonesian nationality and the Filipino nationality are the major nationalities

07:33in the individual sectors and hourly services,

07:40while the Indian nationality may be one of the largest in the business sector.

07:46But it varies from sector to sector.

07:48But let's go back to the subject of government projects.

07:52Certainly, as you mentioned, Mr. Moussaab,

07:55the company is moving towards government projects,

08:01strategic government contracts through bonds or through the business sector in the company,

08:07in addition to the petrochemicals sector, which we see is a promising sector and has a lot of opportunities.

08:12Today, the bond, with its strategic contract with the Spending Authority,

08:19is giving positive results in terms of numbers,

08:23and we expect that these numbers, which we have achieved in the number of 1,500 employees,

08:28may double in the coming years.

08:34The company has large strategic projects at the level of ministries,

08:39in line with the previous announcement that the company mentioned with the Ministry of Tourism,

08:44to develop jobs and improve the presence of Saudis in sectors such as tourism,

08:51to provide special training to find job opportunities for these Saudis.

08:58Therefore, there is a promising sector and promising opportunities.

09:01Of course, we are talking about the level of bonds, but also at the level of the business sector,

09:06there are major projects.

09:08I expect that the company will strengthen its presence and market share

09:13in order to obtain a large share of the government's large projects.

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