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04:01 At the end of the day, the natural path towards IPO is the directive of the next step, which is the gradualization in one of the financial markets.
04:15 At the moment, I can't tell you where exactly, but it is in one of the financial markets.
04:20 Isn't it the primary UAE market?
04:23 Of course, but in some financial schools, the direction you are going in Africa or Asia is better than anywhere else.
04:37 The priority is still to do it in the UAE, but all options are being offered.
04:45 When will the IPO be?
04:48 Not before 3 or 4 years.
04:52 At the moment, the main focus is on the financial institutions.
04:58 When you join a financial institution, you give them a strong credibility.
05:05 As a company, you must have the basics in corporate governance, control, and transparency.
05:23 A Japanese company like Softbank, which is very conservative, would not join us as an investor if we didn't do strong homework on the company.
05:32 Other companies that are working on the Dividends with the EMI Power, we expect to see new investments, and they are worth more than 250 million dollars.
05:42 Are these from other financial institutions?
05:45 Yes, from other financial institutions.
05:47 Are they also Japanese?
05:49 No, there are only Arabic, European, and American financial institutions.
05:57 You have been in Egypt for a long time, and all companies are suffering from the fluctuations in prices.
06:05 How are you dealing with the currency and the competition between the main and the equilateral markets?
06:12 Egypt is the largest market for EMI Power.
06:15 Egypt is the largest investor in EMI Power.
06:18 We have 1,000 MW in Egypt, 500 MW in wind power in the Gulf of Suez or the West Bank,
06:25 and 500 MW in the Black Sea.
06:29 Egypt has a special experience with EMI Power.
06:33 I have been in Egypt for more than 30 years, and I have investments in Egypt.
06:39 These are difficult times, but things are getting better.
06:45 Egypt remains a strong country.
06:48 Egypt is well-respected by all countries around the world.
06:55 Has your projects affected Mr. Hussein?
06:59 No.
07:00 I would like to clarify one thing.
07:03 Our dealings in all the countries we work in, and we work in 20 countries,
07:08 we always have a PPA agreement with a foreign currency, either in dollars or euros.
07:16 We do not take any risk on local currencies, in any country.
07:22 Why? Because we borrow in dollars, we buy equipment in dollars,
07:27 we negotiate in dollars, and we invest in dollars.
07:30 Therefore, we do not take any risk on any currency.
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