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00:00 We are absolutely delighted and proud to deliver.
00:02 We are happy to achieve these strong results and continue the growth we started in the past years.
00:08 Despite the two major challenges, as everyone knows,
00:11 which are the reduction of the value of the pound and the prices of the euro globally,
00:14 we have achieved a growth in the profit line,
00:16 while the interest rates have slightly decreased as a result of the exchange rate and the reduction of the pound.
00:21 The company promised to distribute profit of approximately 67 million dollars in 2023.
00:26 Do you aim to maintain the same distribution policy in 2024?
00:30 Of course, we have a good record of distribution for the contributors.
00:36 We distributed approximately 300 million dollars in the past three years.
00:40 I think the contributors see the company as a reliable source of income for their investments.
00:45 But as in previous years, we will meet with the board of directors
00:48 and look at the requirements and plans and what we want to implement in terms of investment.
00:52 But I think we always balance well between investment and achieving good returns for the contributors.
00:59 What is the expansion plan for the company during the next year, whether inside Egypt or outside?
01:07 The company has strong operations in Egypt, but we are always looking for other opportunities abroad.
01:16 Therefore, we look at the Middle East and the Gulf states.
01:19 We have the experience and competence that can be transferred to these countries.
01:23 In addition to the African countries, we look for good opportunities there.
01:27 We can also look for opportunities outside the region to achieve the contributors' returns.
01:31 Will it be among them the Kingdom of Saudi Arabia?
01:39 Of course, we look for good opportunities in the Kingdom of Saudi Arabia.
01:44 But we always want to make sure that when we sign a contract with a new geographical area,
01:49 we will comply with this contract.
01:51 How big is the investment that the company is committed to fund these expansions?
01:56 It is difficult to say because it depends on the opportunities.
02:03 We have good resources that allow us to look for investment opportunities.
02:08 The important thing is to achieve returns and increase profits for our contributors.
02:12 When do you expect to start production of the Nile wood factory?
02:16 We have challenges in that, but we will try to start production of the factory at the end of next year.
02:22 Therefore, we are starting to achieve profits from this project.
02:25 We have a plan for full production in 2025.
02:29 So the aim is to have a full production for 2025.