سهم الأهلي السعودي يتراجع لأدنى مستوى في 6 أشهر
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00:00 We turn to Mr. Ibrahim Riyad, the executive vice president of Kasab Al-Maliyya.
00:05 Welcome, Mr. Ibrahim.
00:08 After two winnings, today we won the profit, but the governor, at 11,000 points,
00:13 before the federal decisions, is psychological support important for investors?
00:20 And how much, in your opinion, any sudden decision from the federal may reverse the market equation in the process of pricing, the price of interest, in your opinion?
00:32 Welcome, Mr. Maysa.
00:35 The Saudi market is really watching the federal in today's history.
00:40 The price of interest, let's talk about the previous period, or the expectations of the previous period, were closer to the price of interest in this meeting.
00:52 But the last announcement in August, about the rise of inflation to 3.7, higher than the expectations, which was 3.6 in America,
01:04 was really influential on the reconsideration of whether the federal will continue to raise or continue at the current level of prices.
01:15 Even if the interest rates were raised today, even if it was 25 percent or 25 points, it would be greatly negative on the Saudi and American markets,
01:31 especially since the prices that reached interest rates in a short period of time are considered sharp and have levels that affect the results of companies.
01:43 We noticed in the second quarter of this year how many companies were affected by the financial statement level due to the rise in interest rates,
01:54 especially in the Saudi Arabian Kingdom, where there is a large expansion in the number of sectors and companies that need financing.
02:05 Therefore, this greatly affects the performance of companies and also affects the extent of reaching their profit goals in one way or another.
02:16 We hope that there will be no rise, and we expect, with the pressure, that the interest rates will continue at this level.
02:24 What do you think, Mr. Ibrahim, will the federal government take into account what is happening on the basis of the bonds,
02:31 which we see are reaching almost the highest levels of the bonds in the past two years, which are the highest ever?
02:38 Will it take into account, specifically according to Jeremy Powell, any fear of rising interest rates due to this rising interest rates?
02:49 Indeed, today, the interest rates of bonds have reached historical levels.
02:54 I think we have reached the highest levels in seven years, if I remember correctly.
03:01 We have reached a very high level.
03:05 The most important question today is whether the rise in interest rates will be due to the current situation,
03:13 or it may be due to the current situation, or it may be due to the current situation, or it may be due to the current situation,
03:20 and we notice that the American model has decreased in the last classification due to doubts about the ability of banks to fulfill their commitments.
03:30 Undoubtedly, this was the main reason for the rise in interest rates with constant and sharp rates in a short period of time,
03:39 which was not calculated in many of the studies conducted by these banks.
03:47 We believe that there are undoubtedly fears of the continuation of the rise, especially in today's meeting,
03:54 that it will be a great influence, in fact, if interest rates are raised regardless of the rise.
04:03 The market will also remain with the proposals after the period of increasing interest rates and the oil prices that have started to generate profits today,
04:16 because it is also an important factor in diversifying the tools in front of the investor.
04:21 We are facing two new proposals, starting next week with Lumi at the price of 66 riyals,
04:28 and also for the holding indices that have determined the price above 13.50 riyals.
04:36 How much will there be an acceptance process in your opinion during this period on these proposals,
04:41 and the price increase process, Mr. Ibrahim, from today, to what extent does it seem important to attract a new chip to the market as investors?
04:49 Great, Mr. Maes. Indeed, the most important question is how much the price will match the current market situation.
04:56 The market has dropped by about 8% from its peak.
05:00 We have reached the levels of repeated equations, approximately at the level of 16 times.
05:05 Today, Lumi is higher than the market's repeat, which is two companies, Budget and Beam, which are repeated at the level of 17.
05:14 Lumi's company is higher than that, reaching 22 or 23 times.
05:20 However, the coverage was high. Adisa, in the same case, had very high coverage.
05:25 This gives us an impression that there are liquidity, and the evidence of large coverage, especially a share like Adisa, 300 million,
05:32 a share of a very large size, and it was covered at a very high rate.
05:39 Therefore, in one way or another, there is liquidity, but the great fear in terms of the interest rates and to what extent will it affect existing companies,
05:52 is what makes the investor not make the decision to open a position in many existing companies in the Saudi market,
06:01 and the fear of affecting the companies in terms of their financial performance in the third quarter after the interest rates were at these levels.
06:10 Yes. We will stay on the real estate sector.
06:13 There are good decisions that may be issued regarding the rental system on the map approved by the Cabinet.
06:20 Also, the tools that are being presented today for those who want to buy a house, Mr. Ibrahim.
06:27 How much will we see in a larger movement, despite the inflationary pressure, despite the positive decisions in the process of a larger acceptance on the real estate sector during this period?
06:38 First, we congratulate the Ministry of Municipal Affairs and the Municipality on the success of the Cityscape last week,
06:46 which was an important movement, as I mentioned, it was also looking for financial solutions.
06:52 There was a contract with the three largest banks in this sector, Al Ahly Bank, Inma Bank, and Al Rajhi Bank,
06:58 on the subject of reaching loans that are easy for those who benefit from the units under construction.
07:06 Today, we hear a new decision that serves the real estate sector in terms of the rental system.
07:12 All this will undoubtedly affect the increase in the inflation of financing,
07:16 in terms of not only the profitability, but also the number of financing,
07:22 and the impact of the banks' objections to the financing of individuals.
07:27 In addition, we know that the real estate financing sector, or the real estate sector in general,
07:32 has important movements, such as the cement sector, the banking sector, and other sectors that enter this sector.
07:43 So, in terms of our organization, after the movements that we have seen in the last two weeks,
07:48 I think it will have a long-run effect on the sector, and it will reflect on banks and cement companies at the same time.
07:58 Thank you, Mr. Ibrahim, for the appointment of the CEO of Kasab Al Malia.
08:04 You were with us from Riyadh. Thank you.