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00:00 Our assets amounted to 55 billion last year, and we are approaching 300 billion pounds this year.
00:07 I must say that this is a value for money.
00:11 With the cost of the price of the gold?
00:13 Exactly. According to the laws and the financial statistics, we are required to re-evaluate these assets every two years.
00:19 I believe that in the case of re-evaluation, the assets will double or triple in size.
00:27 I believe that these are very good numbers.
00:30 As for the land bank, we have spent about 70% of our land in the first phase.
00:38 We still have about 4,000 to 5,000 acres left.
00:41 This is what led us to plan for the second, third and fourth phases, because we have many demands on the land.
00:48 Since we ended in 2023, what is the size of the profits and the will of Al-Assam Administration?
00:54 We promised Mr. Samini that we would increase the profits by 25% in 2022.
00:59 We were about 20 billion pounds before the taxes in 2022.
01:02 We have increased the profits by 27 billion pounds, which is about 27.8 billion pounds.
01:09 As I said, this is in the final reviews with our financial reviewers.
01:13 We are talking about an increase of about 35% to 40% from the previous year.
01:18 After the taxes, we will be about 20 billion pounds.
01:21 In the previous year, we were about 16 billion pounds.
01:24 What is the size of the investments that the company aims to make in 2024?
01:27 We are aiming to make 50 to 60 billion pounds.
01:32 We have spent about 10 or 12 billion pounds in the first quarter.
01:38 But this is the balance that we are aiming to achieve.
01:42 In the previous year, we made 65 billion pounds in investments.
01:45 I think these are the numbers that I will work on in the coming period.
01:48 Like other companies, to what extent did the company affect the price of the currency?
01:54 And therefore, did the company increase the costs?
01:57 Of course, we were reluctant.
02:00 Thank God, we had a dollar income.
02:03 Today, we can make up for what happened.
02:06 From selling the land in dollars?
02:07 From selling the land in installments.
02:08 We used to get some of the land in installments.
02:10 We were doing a priority to pay the installments in dollars only and continue with the Egyptian pound.
02:14 We had a dollar income in our projects in the coming years.
02:18 Thank God, we were able to make up for this increase.
02:21 But of course, we were affected by 15 to 20 percent of the costs of other projects.
02:25 Will it increase by 15 to 20 percent?
02:27 Of course, it will increase by 25 percent.