• 2 years ago

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00:00 We announced in Witex that the newest plant in the Jumeirah Beach Health project,
00:07 which is 48,000 tonnes, is under construction.
00:11 It is the most efficient plant, with efficiency reduction up to 0.80.
00:19 This is not found in the UAE or the Middle East, thank God.
00:23 A plant of this size and efficiency is the strongest now.
00:29 What is the total cost of this plant, the investment and the time it takes to finish?
00:35 The cost is around 250 million dirhams.
00:43 The time period is around the third quarter of next year.
00:50 We saw the company's results in the last nine months.
00:55 The company's revenue is clearly higher, but the profits are lower.
00:59 The most stressful year was the financing cost, which was 260%.
01:04 Why was this stressful?
01:06 Because of the change in the lending cost.
01:10 As you know, the Fed rates in the US have risen to 5.25%.
01:19 This has affected the company's loans.
01:27 This has affected us, but a 9% increase is a big and beautiful thing.
01:32 And an increase in profits is 7.2% in the third quarter.
01:35 This is excellent, which means that the final income will be a bigger number.
01:39 How much is the total amount of the loans?
01:43 Are there any funds that we can provide in the coming period to cover the company's expansion?
01:48 Empower currently has 4.5 billion dirhams.
01:52 We still have an appetite for EBITDA, which is the Earning Before Tax and Depreciation.
01:58 We can increase this a lot.
02:02 We will continue with the company's expansion and the possibility of a recovery in the coming period.
02:07 But the idea of issuing green bonds, green bonds, since we are in a recovery period,
02:13 there are many companies that rely on these funds.
02:18 The company is also trying to implement environmental standards.
02:20 Of course, we always look for all solutions.
02:23 We look at the first level, which is the amount of savings for the consumer or the investor.
02:30 And if we can reduce the cost of Empower itself.
02:33 Of course, I welcome all solutions.
02:35 I don't have a specific solution.
02:37 I can go in any direction to save.
02:39 If we want additional funding, will it be 24 or 25 million during the current year?
02:45 In what period can we get a loan again?
02:48 I think we need a company with a strong financial pool, thank God.
02:52 We distributed the profits in the first year, 850 million.
02:56 In the second year, we are committed to distributing 850 million of our profits.
03:00 So there is no need for a loan.
03:02 How much is the cooling energy now?
03:05 And how much is the market share in Dubai?
03:08 Empower currently owns 82% of the market share in the Dubai market.
03:15 We currently have 1,520,000 tons.
03:19 Which means that the Dubai market is close to 1.8 or 1.7 million.
03:24 Mr. Ahmed, how much is the value of the contract now?
03:27 And can we see a new project on the Dubai airport's roof at the current time?
03:31 Even if there is, I can't tell you.
03:33 We always look for solutions.
03:35 We always have meetings and preparations.
03:38 I can't tell you anything except when the announcement is close.
03:42 But yes, make sure that we can't stop the growth.
03:47 Growth is a story of life.
03:49 We have the sun every day.
03:51 And we believe that every day there is a change and the next day will be better.
03:54 We create jobs for people, we create opportunities, we create another life, God willing.
04:01 When the company was launched in the Dubai market, you talked about expansion in other markets.
04:06 Are the expansion plans available at the moment?
04:10 Yes, we started in the neighboring countries, in the Kingdom of Saudi Arabia and Qatar.
04:17 We are in talks, but we haven't finished our studies yet.
04:25 And nothing has been decided yet.
04:27 about.

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