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00:00 The acquisition of B.Investments on Eurascum,
00:04 and a loan from the Saudi-Egyptian company for investment to acquire Cira Education,
00:10 and another loan from Eomar Egypt to acquire two companies in the real estate sector,
00:15 and other deals are on the way in 2024.
00:20 After the economic situation in Egypt became encouraging for more integration and acquisition,
00:26 which was recorded in 2023,
00:30 the value of the company exceeded 60% to 3.5 billion dollars,
00:35 which is affecting the exchange market and the difficulty of identifying companies to acquire,
00:41 as well as the increase in interest rates.
00:43 We always see that there is a problem in the competition between the private sector and the government.
00:48 We have seen that the government's announcement of the ownership of the state
00:52 and the government's withdrawal from some sectors will contribute to the promotion of the private sector,
00:57 and perhaps will help the private sector to be more competitive,
01:01 and this will also contribute to the activity in the acquisition and integration process.
01:07 But the stability of the exchange rate of Eurascum after its liberation in March,
01:11 and the expectations of the reduction of interest rates,
01:13 in addition to the decrease in the rates of many companies due to the decline in the Eurascum value,
01:18 has attracted many investors from the Gulf to acquire investment opportunities in Egypt,
01:24 by acquiring listed or non-listed companies in the stock market,
01:28 especially after the head of wisdom opened the deal for investors to invest in new investments in Egypt.
01:34 Today there are no losses. Today the dollar is a stable price,
01:39 so it is attractive to any foreign investor to come and enter.
01:43 The dollar has been a stable price for two years,
01:48 and today the price of the company is less than half or a quarter of its value.
01:52 This is a good thing for the company,
01:56 so we have become attracted to foreign investors to buy and acquire companies.
02:03 Despite the decline in the integration and acquisition deals during the past year,
02:07 it has witnessed the implementation of many major deals,
02:10 including the acquisition of Global Emirates by 30% of the Eastern Company,
02:16 but it has also witnessed the implementation of many major deals,
02:19 including the acquisition of Global Emirates by 30% of the Eastern Company,
02:25 with a value of 600 million dollars in the first phase of the investment program.
02:31 Egypt is aiming at 6.5 billion dollars from the program at the end of the current year.
02:39 It seems that the stable price of the dollar will open the door to more integration and acquisition deals in 2024.
02:47 With the decline in the valuation of companies and the attraction of many assets in Egypt,
02:53 Yassin Al-Gohari, CNBC Arabia, Cairo.