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Transcript

00:00 The Saudi wire factory has signed an agreement with a leading industrial investment company

00:07 to acquire a share in the company's property

00:10 when the two sides reach a final agreement.

00:13 According to the company, the wire factories will be finalized after the end of the evaluation

00:21 and the negative tests of ignorance.

00:27 Today, the wire is being reused at almost half of the 100-pound mark

00:31 at a level of 26.30 riyals.

00:33 Is it not about to be closed?

00:36 About the latest developments witnessed by the wire company,

00:39 we join us from Riyadh, Mr. Nabil Al-Ameer,

00:41 the CEO of the Saudi wire factory.

00:44 Welcome to us, Mr. Nabil, and thank you for being here.

00:48 Let's start by talking about this agreement

00:50 to acquire a share in the property of the industrial investment.

00:54 What is the goal of this agreement, and to what extent can we see its direct impact on the company's performance?

01:01 In the name of God, the Merciful.

01:05 Thank you, Mrs. Maysa, for the invitation and for the company's news.

01:09 The truth is, as was announced,

01:11 we signed an agreement with the wire company, the industrial investment.

01:18 Of course, there are many steps to be taken to evaluate the negative tests of ignorance.

01:27 We ask God for your blessing and for the company's ambitions.

01:34 Of course, as soon as the agreement is completed,

01:40 we will try to reach the agreed amount of 180 million.

01:44 We are happy to meet the required amount during this period or before it.

01:48 The main goal of the company is to diversify its investment resources

01:54 and invest in promising and different sectors from the company's sector.

01:59 We believe that it has positive indicators for the long term.

02:04 Yes.

02:05 How many shares do you want to acquire from this agreement,

02:09 in terms of Mr. Nabil, and also the financing process for this acquisition?

02:14 How will it be done once the procedures and negative tests of ignorance are completed?

02:20 In fact, the acquisition percentage is not specified.

02:24 It will be based on the evaluation result and the size of the acquisition and the size of the company's evaluation.

02:31 We hope that there will be a fundamental share,

02:36 which will give good feedback to the company's will,

02:42 and represent a real investment that contributes to the development of this activity

02:50 for the company that is using it.

02:52 As for the financing, of course, the size of the acquisition has not been specified yet,

03:00 and there are several options that are available.

03:04 We can include the acquisition in exchange for a negative test,

03:11 but we have many options and we will look for them, God willing, and we will see.

03:15 Yes.

03:16 You have already done that by completing the acquisition of 30% of O1 VINs, Mr. Nabil.

03:23 So, how much is the plan until the end of this year to have a targeted investment for your acquisitions?

03:31 The truth is, yes, we have already done the acquisition and we have started participating in the company's business and its decisions.

03:41 The company is now working in the field of security control,

03:47 according to the procurement of the industrial security agencies,

03:50 and it is currently implementing projects in the Kingdom of Saudi Arabia with tens of millions,

03:55 with many sectors such as Aramco, the General Electricity Office,

04:03 the Electricity Station, other vital sites, and vision projects.

04:07 So, this is a real investment and a positive feedback for the company.

04:15 The next projects, in my opinion, will be the basis from now until the end of the year.

04:25 The field is still open to participate in any acquisition or integration with companies.

04:34 We believe that it adds value to the products and helps the company's business to flourish.

04:42 You are telling me that there are many options for the company to complete the acquisitions.

04:47 How much is the option of the acquisition in light of the increase in the interest rates?

04:51 It seems that there is also an option available to the Saznabil cable company.

04:57 Currently, the cable company does not practice the activities of the commercial and financial sector,

05:05 and this is a good thing from the beginning.

05:08 God willing, the company will remain capable of carrying out the acquisition movement

05:16 without the need for the acquisition of commercial companies.

05:20 So, there is no plan at all to acquire during the current phase?

05:25 No, this is not the case.

05:28 Yes.

05:28 You are also completing the manufacturing facilities to be distributed in the markets, Mr. Saznabil.

05:35 What are the facilities that are ready and can be seen in the markets soon?

05:39 How is the strategy for these facilities?

05:44 The truth is that the company's latest project is a factory in the city of Al-Kharj,

05:54 with an area of 15,000 square meters.

05:56 It is a factory that is located in the city of Al-Kharj, and it is a factory that is located in the city of Al-Kharj,

06:05 and it is a factory that is located in the city of Al-Kharj, and it is a factory that is located in the city of Al-Kharj,

06:13 and it is a factory that is located in the city of Al-Kharj, and it is a factory that is located in the city of Al-Kharj,

06:19 and it is a factory that is located in the city of Al-Kharj, and it is a factory that is located in the city of Al-Kharj,

06:23 and it is a factory that is located in the city of Al-Kharj,

06:27 and it is a factory that is located in the city of Al-Kharj,

06:32 and it is a factory that is located in the city of Al-Kharj,

06:38 and it is a factory that is located in the city of Al-Kharj,

06:43 Some of the reductions we saw in the third quarter for the profits of the company, Mr. Nabil,

06:47 We expect that there will be an improvement in the level of demand for the fourth quarter,

06:51 Can the pressure and resumption of sales continue on the same level that we saw in the third quarter for the company?

07:01 The whole sector, the construction and construction sector,

07:07 has seen a decrease in demand since the beginning of the year,

07:11 and a decrease in the prices of raw materials,

07:15 which has greatly increased the prices of raw materials and has greatly increased the prices of sales.

07:21 The third quarter, thank God, I think that we are in the middle of a decrease in the prices of raw materials from the beginning of the year

07:29 until the fourth quarter, which was about 20% of raw materials in production.

07:35 I think that now we are in a stable situation,

07:39 and we expect that the pressure on the sales of raw materials will be reduced.

07:45 The demand is still suffering, there is still a weakness in demand,

07:49 and we expect that it will continue until the end of the year.

07:53 The company, as we mentioned before, has improved in these circumstances,

07:57 and the production of raw materials in other sectors,

08:01 its focus on raw materials is better and its competitiveness is better.

08:05 We look at the two sectors, civil and construction, with the same vision.

08:09 We expect that things have improved, at least in terms of changes in the prices of raw materials,

08:15 which has reduced the negative impact on the consumers.

08:19 Despite the decline in profits, you have provided profits to the contributors,

08:23 Mr. Nabil, in the third quarter and the second half of this year, 10%.

08:27 The policy will not change despite these challenges. How do you explain this?

08:35 The truth is that the board of directors is still maintaining its policy of distribution.

08:43 The company is still in the center of the strong financial center,

08:47 in addition to reducing capital and increasing the value of the contributors' shares.

08:53 In addition, the distribution of profits has been reduced from the second quarter of last year to nine months of the current year.

09:03 The company has a high level of financial availability,

09:07 and I think all these things are reassuring.

09:13 I mean, the board of directors should make this decision,

09:17 which is in line with the company's distribution methodology.

09:21 The last question will be about the sharing of shares, Mr. Nabil,

09:25 according to the new company law.

09:27 Many companies have recently adopted this policy in the company law.

09:35 The new law is true for the company to reduce the value of the shares.

09:41 This issue has always been discussed by the board of directors,

09:45 and no change has been made.

09:48 We have noticed that this is in the company's interest.

09:52 The shares will be distributed, and so far no change has been made.

09:57 We wish you good luck, Mr. Nabil Al-Ameer,

09:59 CEO of the Saudi Railways Factory Company.

10:02 You were with us from Riyadh.

10:04 [BLANK_AUDIO]

الرئيس التنفيذي لـ "اتحاد مصانع الأسلاك" لـ CNBC عربية: نسبة الاستحواذ على حصة في "الرائدة للاستثمار الصناعي" لم تحدد وهناك خيارات متعددة للتمويل لا تتضمن نقد

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