Sahara Hospitality Company SAOG (SAHS) Earnings Call Transcript & Summary

Good afternoon, everyone, and thank you for being here this afternoon. My name is Hicham Maalouf, General Manager of Sahara Hospitality. I'm pleased to be joined by our finance manager, Mr. Manikandan as we share with you the performance and key highlights of Sahara first half results of 2025. Now for those who are not familiar with Sahara, we've been a trusted name and remote site accommodation for over 25 years. We have played a pioneering role in developing, owning and operating world-class permanent accommodation facilities in Oman most remote energy hubs. Our facilities are designed to deliver not just accommodation, but a complete living experience, offering integrated sustenance, lifestyle support services that meet the highest standards of comfort, safety and efficiency for the oil and gas community in the interior. Today, our facilities collectively accommodate approximately 3,840 people. The packs are designed to be more than just housing. They're a comprehensive, fully integrated service environment, including accommodation catering, housekeeping, laundry, recreation and support services. We serve contractor personnel and our own staff alike. It's harmonized services, maintaining consistently high standards of quality, safety, hygiene and comfort. From a financial perspective, Sahara remains healthy and resilient. Our revenue grew by 11% compared to the same period of last year. Net profit almost maintained at the same level. Our current assets increased by almost 14%, while current liabilities increased by just 3.8%. These figures reflect operational stability, cost control and prudent financial management. We're proud to report that we have reached a major milestone. We have been operating for the last 24 years lost time injury free in Fahud, 19 years in Nimr, and 13 years in Rima. This is a clear testament of our strong safety culture, training systems and daily operational discipline across all our sites. So with that, I will conclude. It's a brief overview, and then we would be happy to take any questions that you may have. I see a lot of people joining, but we're ready to take any questions that you may have. So I believe we can conclude for today. Thank you for joining us today, and see you by year-end. Thank you. Thanks for your time. Thank you.