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

Good afternoon everyone. Hope you're doing well, and thank you for being here today. My name is Hicham Maalouf. I'm the General Manager of Sahara Hospitality. And I'm pleased to be joined by our Finance Manager, Mr. Manikandan, as we share with you Sahara H1 2026 performance and key highlights. Sahara has been a trusted name in remote accommodation for over 25 years. For the ones who are not familiar with Sahara, we, -- as a company, we develop, own and operate accommodation facilities, mainly for the Oman oil and gas sector. Today, our facilities collectively accommodate approximately 4,000 people. We have 3 major facilities, one in Fahud, Nimr and Rima. So we offer fully integrated services, so accommodation, catering, housekeeping, laundry recreation and other support services. So we mainly serve PDO contracting company and along with our own people. So the packs are still considered as providing the best quality services when it comes to staff welfare and safe environments. From a financial perspective, I mean, Sahara, we remain healthy and resilient. Our revenue declined by approximately 3.5%, reaching OMR 6.75 million. It's reflecting lower activity level versus last year, it's comparable period. Our net profit stands at OMR 1.27 million, down approximately 7%. Our current assets increased by approximately 6%, while our current liabilities fell by 22%, which lifting the current ratio from 4.88 to 6.65. Net assets grew to OMR 28.68 million. And the company remains debt free. These figures reflect cost control and prudent financial management. Most importantly, we continue to operate in a very safe environment. This is our license to operate, protecting people, assets and the environment. So we're proud to share that Sahara has reached a major milestone, 25 years of LTI free in Fahud, 20 years in Rima -- 20 years in Nimr and 14 in Rima. So this is a testament of our strong safety culture, training systems and discipline across all our sites. So thank you. And now we open the floor for questions, whatever you may have. Anyone? Okay. So with that, I believe we will conclude for today. And will meet when we will share the 2026 results. So thank you, and have great evening. Thank you.