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NewsTranscript
00:00 The Saudi health company is now expanding and we are waiting for the latest developments
00:09 that the company is making for these expansions and financing its future expansion.
00:15 The company has increased its capital and raised from 50% to 105 million riyals through free shares.
00:23 According to the company, the main reasons for this increase in capital are support and financing of new expansion projects for the company.
00:34 We are talking about the company's performance during the first half of this year.
00:39 The company recorded a growth of more than 80% and earned 28 million riyals.
00:45 On the other hand, the company's revenues have grown by 30% to 82 million riyals.
00:51 We have also seen a growth of 32% in the past year.
00:55 We are talking about this company that joined the Saudi market.
00:59 It grew in the past year and we are talking about more than a year today.
01:04 What are the other developments of the company?
01:06 We are talking about the acquisition of medical lights.
01:09 The acquisition value was announced at 22 million riyals, which was in May of this year.
01:17 We also have special financing for the company with a revenue of 11 million riyals.
01:24 We are talking about financing the expansion of capital and purchasing equipment for the medical lights hospital in Ha'il.
01:29 In the Ha'il area, there is a special financing for the revenue.
01:33 At the level of the Riyadh Bank, there is financing of 35 million riyals.
01:37 It was done by the company Nabaa Al-Sahha with the aim of building a hospital in Riyadh.
01:43 Let's talk about the performance of the share price.
01:47 Since September 2022, we have seen a profit of more than 71%.
01:52 This is the increase that we have seen.
01:56 We are talking about levels above 60 riyals.
02:00 The share price was trading at levels that were less than 30.
02:06 This means that we have added more than 30 riyals to the trading volume in more than a year.
02:13 The company has entered the market since September 2022.