00:00 In the past two years, there has been a negative change in the exchange rate in Egypt and Pakistan.
00:10 This has led to a very small increase in the impact of the operations in Egypt compared to the size of the group.
00:20 The impact is now about 2%.
00:30 In Egypt, the impact was about 5%, and now it is 2%.
00:34 Any change in the exchange rate is now a failure in the performance of the group.
00:38 However, this is a strong and big market.
00:42 We see that the long-term medium-term market will return strongly.
00:47 This happened before, in 2016, there was a decrease in the currency price,
00:55 which led to weak results after the currency was converted to Darim for a year or two.
01:05 After that, the market returned to its previous state, and we expect that the market will return.
01:09 With the existence of the large portfolio of the company's investments, the main market in the UAE,
01:17 our investments in Saudi Arabia, our investments in Morocco and West Africa,
01:21 which are all linked to the euro, and are strong currencies,
01:23 we consider that the impact of these currencies on us is limited.
01:27 We expect that with new investments, such as the investments we are making in Eastern Europe,
01:32 the future will be less stressful due to the impact of these currencies.
