He mentioned Fawaz DataCEO of the group of the United Transport Firm – Saudi Arabia startedMost of the shares of firms listed within the Saudi market are lower than its honest worth, together with an arrow, which made the inventory enticing to new traders available in the market.
Danish added in a gathering with numbers On the sidelines of the eleventh annual EFG Hermes funding convention in London, that the conferences in the course of the convention with traders, whether or not native, Gulf or worldwide funds, confirmed nice curiosity in investing within the firm’s share as a result of they’re seizing alternatives in firms with a transparent imaginative and prescient and the anticipated enterprise dimension.
Danish expressed his optimism in regards to the leasing sector in Saudi Arabia in gentle of the continual development of the sector due to the sturdy economic system of the Kingdom and the rise within the variety of journeys between cities and the growth of the participation of ladies available in the market that contributes to elevating the demand for leasing companies, stressing that the rental market is lengthy and brief -term within the Kingdom continues to be very promising.
He defined that over the previous 20 years there’s a variation within the efficiency of sectors and branches in line with the areas, so a sector grows and one other declines, which causes the stability within the efficiency of the corporate via compensation for the sectors one another, contemplating that the mobilization exists however it may be managed properly, citing the summer season and winter season and numerous festivals within the areas of the Kingdom, the place compensation is within the space as an alternative of an space, which gives stability within the firm’s outcomes regardless of the seasonal fluctuations.
He identified that one of many firm’s largest development companions in the course of the previous 5 years is the most important firms that work within the supply and logistical market, which has turn into a really enormous market, particularly after the Korona pandemic, as the character of the buyer modified from direct buy to counting on purposes, which supplied nice development alternatives for the corporate with these partnerships.
He added that this sector is rising dramatically day after day within the Kingdom, and the Badjat firm grows with it, and the corporate’s numbers are excellent, and it is without doubt one of the firm’s future targets to attain the specified development in the course of the subsequent 5 years, in line with its technique and plans primarily based on the imaginative and prescient of the economic system within the Kingdom, stressing that the corporate all the time follows probably the most rising sectors, and participates in it to develop lengthy -term partnerships.
Relating to the acquisition of the automotive world, the CEO of Badjat Saudi Arabia careworn that the outcomes of the acquisition began appearing positively, because the monetary outcomes started to unite and present the influence of the merger, and this results in documenting tens of hundreds of thousands between the operational operations of the 2 firms, which is predicted to replicate positively on the corporate’s income, benefiting that the specified outcomes are achieved from the acquisition up to now, and the remaining interval of the 12 months represents a chance To make extra achievements.
Requested about his expectations for the corporate’s efficiency in the course of the third quarter of this 12 months, he careworn the continuation of the group’s development plans and attaining good income, including: “Till now, the primary six months’ efficiency was good, and we hope that the second six months will obtain the anticipated ambition.”
In line with information numbersThe income of Saudi Arabia elevated to 168.4 million riyals on the finish of the primary half 2025, in comparison with the income of 140.9 million riyals achieved throughout the identical interval in 2024, whereas the second quarter income elevated by 21 % to 85.6 million riyals.
