Musaed Al-Qafari, CEO of the Development Stations Firm
He mentioned Qafari AssistantCEO of the corporate Development stationsThe corporate continues to realize good revenues whereas persevering with to enhance working effectivity, noting that revenues throughout the first 9 months of 2025 achieved a progress of 5% in comparison with the identical interval in 2024.
Al-Qafari defined in an interview with Al-Ekhbariya channel that this progress got here because of strengthening further gross sales channels, particularly within the areas of export and wholesale gross sales, the affect of which started to appear within the outcomes of the third quarter.
He added that bettering operational effectivity contributed to lowering bills by 6%, which had a constructive affect on profitability margins, noting that these two components shaped the idea for sustaining the tempo of progress and attaining good outcomes.
He defined that the corporate has a number of gross sales channels by which export, wholesale and mission gross sales have been in a position to compensate for the slight decline in retail gross sales, explaining that the corporate is all the time working to diversify sources of revenue and gross sales channels to restrict the affect of outcomes on any decline in a specific sector.
Al-Qaffari added that the constructive leads to the online revenue margin are as a result of efforts to enhance operational effectivity and cut back bills since 2024, because the margin elevated from 14% to fifteen.2%, noting that the corporate focuses on the retail sector and particular person gross sales, and has been working for 3 years to develop further channels which have contributed to supporting revenues, as department gross sales represent a big proportion of revenues and obtain excessive income for the corporate.
He identified that the corporate doesn’t rely on any exterior financing, because it funds its expansions from its personal assets ensuing from operational revenues, indicating that the export tasks in Dubai and Qatar are among the many most outstanding markets, along with the wholesale exercise that gives merchandise at affordable costs focusing on tasks and shops inside the Kingdom.
He defined that when the corporate was launched, we had retained income amounting to 182 million riyals, that are retained income that the corporate advantages from to finance its expansions.
He mentioned that the corporate distributed 3 riyals for the yr 2024 and 1.5 riyals for the primary half of 2025, with about 72 million riyals of money flows allotted to that, whereas the obtainable liquidity stays excessive.
He added that the corporate has maintained, throughout the previous 4 years, a coverage of distributing 3 riyals per share yearly, and that the Board of Administrators seeks to proceed this coverage so long as monetary efficiency is steady, bills are underneath management, and revenue margins are bettering, indicating that after the margins rise, it’s anticipated that they are often improved additional by the choices of the Board of Administrators.
He acknowledged that the corporate entered the constructing supplies sector with a group of specialised engineers, the place merchandise have been developed based on market wants, noting that it focused two classes of consumers: one group in search of top quality and distinctive specs, and one other group in search of acceptable costs.
Relating to the inventory’s actions out there, Al-Qafari defined that it doesn’t essentially mirror the corporate’s operational or monetary efficiency, stressing that the function of the Board of Administrators and Govt Administration is targeted on monitoring the corporate’s precise efficiency and attaining the absolute best returns.
