Leaf Global Environmental Services: An Overview of the Company's Environmental Services and Revenues of its Sectors

19/05/2024 Argaam Special
Logo ofLeaf Global Environmental Services

Logo of Leaf Global Environmental Services


Leaf Global Environmental Services recently announced a special prospectus to offer 30% of its shares with 1.5 million shares for listing in the parallel market "Nomu".

 

The Company explained that its activities are in environmental services (which include multiple services, most notably environmental impact assessment, environmental compliance monitoring, construction management plan, ground surveys, environmental survey, marine environment survey, marine control such as water quality and sea grass , water, soil and sediment analysis), coral reef development, and mangrove transplantation, confirming its investment in advanced technologies to enhance the efficiency of its services.

 

The following table indicates the Company's sectors and their details:

 

Sectors of Leaf Global Environmental Services

Sector

Details

Environmental Services

Based on client requirements, Company engineers conduct monitoring as per NCEC standards In addition to monitoring the standards of major companies such as Aramco, Red Sea International and Amaala.

The Company also conducts marine and regional environmental surveys, construction environmental management plans (CEMPS) and environmental impact assessments.

Coral Reef Development

The Company transplants the coral reefs in different places suitable for plantation. The regeneration process is carried out by marine biologists after identifying the different species.

The Company also develops artificial coral reefs by spreading blocks and baskets on the seabed and then hanging corals on them under constant control.

Mangrove Transplantation

The Company constructs private spaces as per site and client requirements and collects and plants seeds.

 

The Company's strong commitment to sustainability gives it a competitive edge. It is committed to reducing environmental impact, promoting circular economy principles, and integrating sustainable practices into its services.

 

The following table shows the details of the revenues of Leaf Global Environmental Services by sectors:

 

Sector Revenues – Million Riyals

Sector

2021

2022

September 2023

Million Riyals

Percentage

Million Riyals

Percentage

Million Riyals

Percentage

Environmental Services

16.5

87.5%

19.7

69.8%

23.9

72.8%

Coral Reef Development

2.4

12.5%

5.2

18.3%

4.0

12.3%

Mangrove Transplantation

--

--

3.4

12.0%

4.9

14.9%

Total

18.8

100%

28.3

100%

32.8

100%

 

The company indicated that its strategy includes targeted expansion into new regions and markets, noting its success in implementing projects in various geographical areas.

 

The following table shows the Company's revenues by geographical region:

 

Revenues By Geographical Region – Million Riyals

Region

2021

2022

September 2023

Million Riyals

Percentage

Million Riyals

Percentage

Million Riyals

Percentage

Western Region

11.9

63.2%

22.5

79.3%

27.9

84.9%

Central Region

0.96

5.1%

0.36

1.3%

1.0

3.2%

Eastern Region

6.0

31.7%

5.5

19.4%

3.9

11.9%

Total

18.8

100%

28.3

100%

32.8

100%

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