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00:00 We will talk about the latest developments of the company and Dr. Yasser Alharbi, the
00:04 senior member of the company Al-Saqr for security.
00:07 Welcome Dr. Yasser and thank you for being here.
00:10 Let's start with the questions about the integration process that the company has
00:17 gone through in the past.
00:19 We may have approached the process of termination of all the required documents, but the recent
00:24 rejection of the General Assembly and the contributors refused to complete the integration
00:30 with the Gulf National Security Union.
00:33 Some are wondering if there was no pre-coordination process between the board of directors and
00:39 the senior contributors before the implementation of this integration?
00:43 Good evening, first of all, and to all the viewers.
00:48 In response to your question, no, the coordination was present with all the shares in the company
00:57 at the time, and more than a conscious tour was interrupted with the importance and benefit
01:04 of the direct impact of the integrations in improving the profitability and performance
01:10 of the company.
01:12 But what happened was that the vote was against the implementation of this decision.
01:20 Were there any specific reasons for the rejection of the integration process, Dr.?
01:25 What did the contributors present as a rejection in this unusual assembly?
01:31 In fact, we do not look at the reason for the vote, we only look at the results of the vote.
01:37 And probably each contributor has a point of view and a philosophy in his investment journey
01:44 from the point of view of the contributor to any company.
01:47 In fact, we do not have an answer to this question.
01:50 We are wondering, because it is not only the Secretary of Insurance, but other companies
01:55 are perhaps taking steps towards integration, and therefore are clashing with the decisions
02:00 being issued by unusual associations, from senior contributors, perhaps for not completing
02:06 the process.
02:07 And that is why we are wondering, Dr.
02:09 But let me ask you, after this step and this rejection, the decision to increase capital
02:14 through priority rights came.
02:16 Today, how will the increase in capital be exploited for the company?
02:22 First, of course, the increase in capital is required now.
02:27 It will be implemented in July next year, at least, from the capital of the other companies
02:34 operating in the Kingdom.
02:36 This is a main requirement.
02:39 As for how to use the income from the increase in capital, there is a plan, in fact, that
02:46 the company has submitted to the Insurance Authority on a quota of approval.
02:51 Examples of income will be employed to serve the performance and profitability of the company
03:01 at the near level, and at the strategic level.
03:08 Yes.
03:09 How much will we see in the expansion of the use of income from the products coming to
03:15 the company, Dr.?
03:16 The company announced this year that it has received approval from the regulatory authorities
03:25 to use the income from the use of income from the products coming to the company.
03:33 The company is working to develop a product.
03:37 As you know, the market is changing and the needs are different and growing with the growth
03:44 of other sectors.
03:45 The company is working to produce products that are always suitable for this change.
03:52 The company is working to produce products that are always suitable for this change.
03:58 The company is working to produce products that are always suitable for this change.
04:05 The company is working to produce products that are always suitable for this change.
04:12 The company is working to produce products that are always suitable for this change.
04:19 The company is working to produce products that are always suitable for this change.
04:26 The company is working to produce products that are always suitable for this change.
04:33 The company is working to produce products that are always suitable for this change.
04:40 The company is working to produce products that are always suitable for this change.
04:47 The company is working to produce products that are always suitable for this change.
04:54 The company is working to produce products that are always suitable for this change.
05:01 The company is working to produce products that are always suitable for this change.
05:08 The company is working to produce products that are always suitable for this change.
05:15 The company is working to produce products that are always suitable for this change.
05:22 The company is working to produce products that are always suitable for this change.
05:29 The company is working to produce products that are always suitable for this change.
05:36 The company is working to produce products that are always suitable for this change.
05:43 The company is working to produce products that are always suitable for this change.
05:50 The company is working to produce products that are always suitable for this change.
05:57 The company is working to produce products that are always suitable for this change.
06:04 The company is working to produce products that are always suitable for this change.
06:11 The company is working to produce products that are always suitable for this change.
06:18 The company is working to produce products that are always suitable for this change.
06:25 The company is working to produce products that are always suitable for this change.
06:32 The company is working to produce products that are always suitable for this change.
06:39 The company is working to produce products that are always suitable for this change.
06:46 The company is working to produce products that are always suitable for this change.
06:53 The company is working to produce products that are always suitable for this change.
07:00 The company is working to produce products that are always suitable for this change.
07:07 The company is working to produce products that are always suitable for this change.
07:14 The company is working to produce products that are always suitable for this change.
07:21 The company is working to produce products that are always suitable for this change.
07:28 The company is working to produce products that are always suitable for this change.
07:35 The company is working to produce products that are always suitable for this change.
07:42 The company is working to produce products that are always suitable for this change.
07:49 The company is working to produce products that are always suitable for this change.
07:56 The company is working to produce products that are always suitable for this change.
08:03 The company is working to produce products that are always suitable for this change.
08:10 The company is working to produce products that are always suitable for this change.
08:17 The company is working to produce products that are always suitable for this change.
08:24 The company is working to produce products that are always suitable for this change.
08:31 The company is working to produce products that are always suitable for this change.
08:38 The company is working to produce products that are always suitable for this change.
08:45 The company is working to produce products that are always suitable for this change.
08:52 The company is working to produce products that are always suitable for this change.
08:59 The company is working to produce products that are always suitable for this change.
09:06 The company is working to produce products that are always suitable for this change.
09:13 The company is working to produce products that are always suitable for this change.
09:20 The company is working to produce products that are always suitable for this change.
09:27 The company is working to produce products that are always suitable for this change.
09:34 The company is working to produce products that are always suitable for this change.
09:41 The company is working to produce products that are always suitable for this change.
09:48 The company is working to produce products that are always suitable for this change.
09:55 The company is working to produce products that are always suitable for this change.
10:02 The company is working to produce products that are always suitable for this change.
10:09 The company is working to produce products that are always suitable for this change.
10:16 The company is working to produce products that are always suitable for this change.
10:23 The company is working to produce products that are always suitable for this change.
10:30 The company is working to produce products that are always suitable for this change.
10:37 The company is working to produce products that are always suitable for this change.
10:44 The company is working to produce products that are always suitable for this change.
10:51 Thank you Dr. Yasser Alharbi, a member of the Saker Insurance Company.
10:58 Thank you for being with us today.
11:01 like a.
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