00:00 Marble Design is a new company in the Saudi market, specifically in the growth market.
00:06 It is the first company to produce financial results in 2023.
00:10 Since its introduction in the market in the first half of 2023, it has made a lot of profits.
00:17 Let's follow the most prominent figures related to Marble Design as a company that produces marble.
00:24 Initially, the profits rose by 8.5% to more than 10 million Riyals.
00:33 The revenues also grew by 6% to approximately 27 million Riyals at the end of the first half of this year.
00:41 The company also recorded other revenues from the sale of two pieces of land in Riyadh,
00:49 with 882,000 Riyals. But we had a decrease in the marble design company.
00:57 We witnessed a decrease in the price of the marble from August to January.
01:01 This decrease was 56 Riyals for the piece of land.
01:05 The price of the marble was increased by more than 700 times.
01:11 10% of the total capital was allocated for the 600,000 Riyals.
01:16 Also, if we look at the performance of the company and its movements during the past period,
01:22 we will see that the company performed well.
01:25 This was the first session for the company.
01:27 Now, the company is trading at 70 Riyals.
01:31 The company announced that it bought a piece of land worth 5 million Riyals
01:36 to expand or build an exhibition and warehouse for the company's products
01:41 within its expansion plan for the next period.
01:46 So, the marble design, through increasing its revenues,
01:49 is growing its profits during the first quarter or the first half of 2023.
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