00:00 The company is trying to create a balance between the two sectors, which are individuals and
00:07 institutions.
00:08 Of course, there is also a focus on small and medium-sized institutions to deal with
00:16 the vision of the Kingdom 2030.
00:19 Of course, the company is honestly aiming for balance.
00:23 Until now, the balance of the individual is about 56% of the total balance of the company,
00:30 and the small and medium-sized institutions are 44% according to the latest financial
00:37 figures for the second quarter.
00:40 Yes, on the other hand, there was also a growth in the clear composition of the Islamic
00:47 Republic, and the growth of the Islamic Republic is not a problem.
00:54 How do you see this growth, Mr. Mohamed, and how long will it continue for the next period
01:01 of time?
01:02 Yes, honestly, we have a strategy in the growth of the financial reserve in a balanced way
01:08 to maintain the balance.
01:10 We are also looking at expanding the financial reserve.
01:17 What are the plans for this expansion?
01:24 How much market share do you feel today from the amount of non-financial financing in the
01:34 Kingdom of Saudi Arabia?
01:36 Of course, we have expansion plans, and this was perhaps one of the main goals of the
01:44 proposal and the implementation in the main market and the receivables from the proposal
01:50 to expand our future business and focus on the digital transformation in an essential
01:57 way, and also to strengthen the partnerships, as I mentioned in the report, in the Handar
02:04 Station.
02:05 We also have the acquisition of the digital payment company, Loop, which we acquired a
02:13 year ago.
02:14 The goal is to strengthen the company's customer base and diversify the products.
02:20 As for the market share, as I mentioned, my sister, the company, according to the latest
02:27 data, is currently in the second quarter of the quarter, and the total revenue from the
02:34 first quarter is approximately $1.5 billion.
02:37 The company is currently in the second quarter of the quarter, and the total revenue from
02:43 the first quarter is approximately $1.5 billion.
02:46 The company is currently in the second quarter of the quarter, and the total revenue from
02:52 the first quarter is approximately $1.5 billion.
02:57 The company is currently in the second quarter of the quarter, and the total revenue from
03:04 the first quarter is approximately $1.5 billion.
03:07 The company is currently in the second quarter of the quarter, and the total revenue from
03:13 the first quarter is approximately $1.5 billion.
03:16 Today you talked about digital transformation.
03:22 How much is the estimated investment from the company today in the process of digital transformation
03:27 to support products and also to expand the customer base?
03:31 Yes, the company has strategies in digital transformation, as I mentioned earlier.
03:37 Of course, and to give the audience an idea of the market situation previously, and the
03:45 traditional market.
03:46 Now the company is in the process of digital transformation to support developments in
03:52 the Saudi market and the investment in financial technology.
03:57 Of course, the company has focused in the past period on transformation operations and
04:04 monitored budgets for transformation operations.
04:07 Of course, among them are the agreements that have been made with the partners.
04:12 Of course, the company has, frankly, focused on this diversity and this transformation in
04:19 the future, and there is a monitoring of budgets that is acceptable and acceptable to the company.
04:27 Okay, if we look at the rules, Mr. Mohamed, the investment portfolio may not have changed
04:33 much during this period.
04:35 We are only talking about 892,850 Riyals.
04:39 Therefore, what are the reasons that led to the survival of the investment portfolio as
04:45 it is?
04:46 Are you still studying investment opportunities?
04:49 And where is the investment portfolio focusing?
04:52 You have it away from digital investment.
04:55 Yes, the company, to clarify, its main activity is financing.
05:01 The main investment in its operations is in financing.
05:06 As for the investments that you mentioned, my sister, they were investments that were
05:12 successful in the company's participation in the establishment of a contract registration
05:18 company, which is a prison.
05:20 As for the side of investments, the company focuses on investments in financing, and this
05:27 is the main activity.
05:29 Yes, how much will the partnership with Hunger Station be reflected in the company?
05:35 And when can we start seeing the effects of this agreement on the results of the company,
05:40 Mr. Mohamed?
05:41 Yes, of course, the Hunger Station agreement, thank God, we signed it a while ago, and now
05:49 we have started the trial phase, and soon, God willing, we will launch it in full, and
05:56 God willing, we will see its results soon, perhaps this year, God willing.
06:02 Finally, will the distribution policy remain as it is for the next four, despite the challenges,
06:07 Mr. Mohamed, or will it be reviewed every now and then, depending on the company's situation?
06:12 Right, we have a distribution policy that is dependent on us from the board of directors,
06:19 and this policy will be reviewed, of course, periodically, according to the company's
06:25 situation, the economic situation, and according to the policy.
06:32 Thank you, Mr. Mohamed Saleh Al-Noshan, the financial manager for the Marina Finance Company.
06:36 Marina, you were with us from Riyadh. Thank you very much.
