Here’s a breakdown of teh facts provided, focusing on key data and insights:
1. Financial Data Table:
The table presents a comparison of financial figures, likely for two periods (though the periods aren’t explicitly stated, it’s implied to be a comparison, possibly year-over-year or quarter-over-quarter).
Row 1: Net Profits:
Current Period: 41.71
Previous Period: 38.29
Change: -8% (indicated in red)
Row 2: Collected Profits (Except for exceptional Items):
Current Period: 40.84
Previous Period: 43.95
Change: +8% (indicated in green)
2.Key Quotes & Analysis from Abdel-Latif Al-Saif (Seventy Investment Company CEO):
Market Reaction: The Saudi financial market didn’t react positively to the second-quarter results. Reasons for Negative Reaction:
Lower Overall Profits: Market profits were down compared to the previous year, particularly in energy and petrochemicals.
Disappointing New Listings: Newly listed companies didn’t meet growth expectations.
External factors: Trade tensions and oil price fluctuations negatively impacted the market.
Low Trading Volume: Reflects weak investor confidence. Competing Investments: Debt instruments and murabaha (Islamic financing) offer attractive returns, reducing the appeal of stocks.
Capital Outflow: Some investors are shifting funds to external markets, specifically the US market.
3. Image Captions:
Image 1: Abdul Latif Al-Saif, Founder and CEO of Seventy Investment Company.
Image 2: Tariq Fadlallah, CEO of Nomura Asset Management – Middle East. (No information is provided about his views in this excerpt.)
in summary: The excerpt details a somewhat pessimistic outlook on the Saudi financial market. While collected profits (excluding exceptional items) increased by 8%, net profits decreased by 8%. Al-Saif attributes this to a combination of internal and external factors,including lower sector performance,disappointing new listings,global economic concerns,and competition from choice investments.
