...سداد الموجز ، وله ....
Transcript
00:00Pay the summary, and have it.
00:03Petro-Rabigh shares react positively and registers rises by 2.8%.
00:13no
00:13We stay with the news of the companies listed in the establishment where the Autumn Company for Water and Energy Technologies signed a contract for operation and maintenance
00:23for a water project in al-qassim area
00:25with the Ministry of Environment, Water and Agriculture at a value of thirty four million riyals. the company expected that the financial impact of the project would appear as of the third quarter
00:35of the year
00:36Running. What about the autumn stock, which for the next day in a row registers or signs contracts
00:43maintenance and operation took place yesterday with the Riyadh region. Today, Al-Qusayr region, we are talking about rises
00:49by twenty three percent
00:53God
00:56The General Administration of Insurance Control of the Saudi Central Bank was obliged
01:02Insurers need to clarify third party's entitlement to compensation
01:08the value or value added tax and the explanation of the compensation mechanism.
01:12The bank pointed out in a circular issued by it that the compensation is based on the issued reform costs
01:19for the bodies competent to assess the damage of vehicles, in addition to compensation for the amount of value added tax under
01:27reform bills issued by the authorities
01:30related
01:34in
01:35We have with us from Riyadh Mohammed Al-Omran, head of the Gulf Center for Financial Consultations. Welcome Mr. Mohammed.
01:44In the beginning, we are talking about a strange strange thing that recommends increasing its capital through
01:49priority rights at a value of three hundred fifty million riyals. The company had already reduced its capital five times and lost two billion riyals.
01:58And this time it's the second time for a capital raise
02:01In case or in case of approval. Is the company able to continue in a sector where there is strong competition with major institutional companies?
02:11and clear
02:13In the name of Allah, the Merciful, the Compassionate, of course, as it is known that many companies are considered a semi-trigger company suffering from financial difficulties over the years
02:23causing successive losses, whether on an annual basis or on the basis of
02:29therefore, certainly, it needs to be restructured and completely sifted
02:35financial, organizational, technical and so on. Of course
02:40of restructuring aspects, but with regard to the financial aspect, specifically the company, of course, has accumulated financial losses
02:49About 60% of the capital, and lately
02:53raised its papers to reduce the capital, and consequently, the execution of about one hundred eight three.