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00:00 Now, in this year, 2023, it's the first year that takes profits or performance of companies like Global Auto in Egypt.
00:17 And as you know, we expect and anticipate that the performance of Global Auto and Automobility will increase.
00:26 When will it appear in the financial list?
00:28 Global Auto has appeared this year, and also a small part of Automobility has appeared in 2023, but it's a negative part because at the beginning we didn't sell any car.
00:40 Now, in 2024, the sales of Automobility for G-Wagen cars will appear in the financial list.
00:53 What do you expect from the contribution of Global Auto and Automobility in the end of 2023?
00:58 We expect a positive contribution, if we succeed as we did with Global Auto.
01:08 We saw in the first 9 months of 2023, a big growth in the company's profits, more than 55%.
01:17 What are your expectations for the last quarter and the whole year 2023?
01:20 We are like sheep. We achieved a big growth of 55%, and we will maintain it in the end of 2023.
01:29 We hope to continue with the same performance. You can't continue with this huge growth.
01:37 It was originally planned to increase sales.
01:40 Of course, the increase in sales, Egypt, and a part of Egypt, Iraq, has also increased.
01:50 The growth, thank God, was big.
01:54 Today, our responsibility, or the responsibility we have, is to maintain this growth.
02:00 We expect to maintain this growth, especially that we will be almost 100% investors this year.
02:08 We will distribute 70% of our money.
02:13 We made a commitment as a board of directors in Al-Ghanem, at the beginning of the year,
02:20 that we will distribute at least 58%.
02:24 We distributed 35% in the first half of the year.
02:28 We hope to distribute the same amount.
02:35 We expect to distribute 70% in 2023, which is one of the highest distribution.
02:44 Will the distribution continue in 2024?
02:46 We hope so. This is our plan, and we will be able to achieve it, God willing.
02:56 After Egypt and Iraq, are there other countries and markets that the Al-Ghanem Group is looking at?
03:02 We always look at the geographical expansion.
03:06 But there should be opportunities in promising markets, such as Egypt.
03:14 We believe that there is growth in the near future.
03:22 If this opportunity is given to any country outside of Kuwait,
03:27 we will not hesitate to invest in it.
03:33 We are studying this.
03:34 [BLANK_AUDIO]