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00:00 Let's talk more about this increase.
00:02 We have with us on the phone Mr. Abdel Mahsen Ledris,
00:05 Deputy Chairman of the Board of Directors of Ledris Petroleum Services,
00:09 and the President of the Executive Committee of the company.
00:12 Welcome to us, Mr. Abdel Mahsen, and thank you for being here.
00:16 Let's start by talking about this increase, which will reach a billion riyals.
00:22 What is your goal from this, and how will it be exploited?
00:27 First of all, welcome to you and to the viewers.
00:32 The increase is 250 million.
00:37 I will go back to the beginning, when the company's value was 200 million in 2006.
00:46 Now, in 2013, 2013, and 2014, it is a billion riyals.
00:54 This 250 million needs to be expanded.
01:00 First of all, there will be about 100 re-refinery stations.
01:08 This cost is about 125 million.
01:14 We have an expansion in logistics services.
01:18 This will create warehouses in the Middle Region,
01:28 and warehouses in the Eastern Region, and also warehouses in the Western Region.
01:35 This will cost about 90 million riyals.
01:41 Also, the trucks will be replaced with 100 trucks.
01:48 The 100 trucks will be removed from service because they are old.
01:53 A new 100 trucks will be replaced.
01:56 Of course, the new trucks will be less fuel-consuming by 30%,
02:04 and also the new trucks will have new features.
02:11 The new trucks will be replaced by old trucks.
02:21 This is what I want to say.
02:24 I want to ask you, Mr. Abdelmohsen, about logistics.
02:28 How much investment will you make after you increase capital for the logistics sector?
02:35 I will make about 90 million.
02:40 Yes.
02:41 90 million riyals will be spent on logistics.
02:49 What will be included in logistics?
02:51 Only warehouses, or will there be other things?
02:54 There will be other things that will help in the service of warehouses.
03:02 For example, cars.
03:07 There are things that will serve the three warehouses that we are now in the process of building.
03:16 This will be included in the warehouses in 2024.
03:26 Warehouses will be built.
03:33 There will be warehouses in 2025.
03:36 Logistics will always be expanded.
03:48 We have not had it before, and we are a little late in it.
03:59 But thank God, things are good.
04:03 Will warehouses be concentrated only in Riyadh, Mr. Abdelmohsen, or are you also targeting logistics in other areas?
04:12 Now, Riyadh, the Middle East, and the West, will be in the future.
04:23 The situation is in the north and south.
04:28 We will be in the middle of the Middle East.
04:33 We will be in the middle of the West.
04:38 We will be in the middle of the East.
04:43 We will be in the middle of the West.
04:48 We will be in the middle of the East.
04:53 We will be in the middle of the West.
04:58 We will be in the middle of the East.
05:03 We will be in the middle of the West.
05:08 We will be in the middle of the East.
05:13 We will be in the middle of the West.
05:18 We will be in the middle of the East.
05:23 We will be in the middle of the West.
05:28 We will be in the middle of the East.
05:33 We will be in the middle of the West.
05:38 We will be in the middle of the East.
05:43 We will be in the middle of the West.
05:48 We will be in the middle of the East.
05:53 We will be in the middle of the West.
05:58 We will be in the middle of the East.
06:03 We will be in the middle of the West.
06:08 We will be in the middle of the East.