IFA.mp4
Category
🗞
NewsTranscript
00:00 This year, we were working on the recovery of the system that we were familiar with in the past,
00:14 the system of recovery and profits,
00:18 and we achieved the profits we announced in the third quarter,
00:24 which is 65% of the total losses.
00:26 Today, we are looking ahead,
00:30 and there are many projects and projects that need funding.
00:43 As usual, and as is known, and it is not short for us,
00:49 there are many ways to fund,
00:52 either by contacting your contributors or by contacting the banks
00:58 to fund these projects for the recovery.
01:03 Tell us about the mechanism of the recovery,
01:06 who is responsible for the recovery,
01:08 the size of the recovery,
01:10 the price of the recovery,
01:11 and the time frame.
01:12 This is an organization by the law of companies and the financial market.
01:18 We have to decide what we want,
01:20 but there are procedures that must be followed.
01:24 There must be a evaluator,
01:30 a person who is a member of the Bank Market Committee,
01:33 who evaluates the situation,
01:34 and determines if there is a risk of inflation,
01:39 or if there is a risk of inflation,
01:41 and he is responsible for the evaluation.
01:48 And the book, the prospectus,
01:51 which must be with the recovery project,
01:56 so that the investors or contributors can benefit from this recovery.
02:01 Is there a time frame to complete these procedures
02:04 and then start the process of the recovery?
02:06 I want it to be yesterday.
02:08 But, God willing, according to the procedures,
02:12 and God willing, I can't say the date,
02:15 because this is subject to external authorities.
02:22 I am the evaluator who will evaluate the financial consultancy company.
02:30 If I ask you about the Um Al-Himan project,
02:32 when will the commercial operation start?
02:34 The commercial operation is ongoing.
02:36 We started it in 2020.
02:38 It is ongoing, it is one of the principles.
02:40 This is one of the principles we are concerned with today,
02:44 but we are very busy,
02:46 so that we can return to what was known in IFA.
02:53 I remember when we first got used to IFA,
02:56 we were the first investor in palm oil.
02:59 And, thank God, today we are seeing the results
03:05 through the companies that are our colleagues and followers in this matter.
03:11 This is why we are in a hurry, because we have two projects,
03:16 which, God willing, we will work on in the future.
03:19 [end]