الرئيس التنفيذي لشركة "إيفا" الكويتية لـ CNBC عربية: أداء شركاتنا التابعة ساهم في نمو الأرباح بأكثر من 1000%

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00:00 As long as there are assets of companies that are related to them,

00:06 there must be an impact on the company's balance sheet.

00:18 We have more than one company that is related to us,

00:21 like Tkaful, Eva, and the hotels and products.

00:31 All of them are related to the company's balance sheet.

00:36 So, it is not without precedent that there is an impact.

00:42 If there is a negative impact, there is a negative impact.

00:45 If there is a positive impact, there is a positive impact.

00:48 Thank God, the positive impact is great.

00:54 We expect that the impact will increase in the future

00:57 through the participation of our companies in the profit stream.

01:05 We hope that it will be sustainable.

01:10 Two weeks ago, the board of directors decided to increase the capital.

01:19 What is the next investigation?

01:21 When will the capital increase be decided?

01:27 As you know, there are investigations when you want to do something

01:36 that is not in the financial records of any company.

01:41 Therefore, you need to ask for approval and bonds from the tax authorities.

01:48 Today, we are talking about the MAN market in this regard.

01:54 There is a complete book on the implementation of this process.

02:01 You need to pay for the steps of this procedure.

02:10 The process will take no more than a month or 30 days.

02:17 We have started with it.

02:19 There are many steps between us and the tax authorities in this regard.

02:26 We hope that this process will not take too long.

02:37 How much will the increase in the capital be?

02:44 As we announced, the increase will be 60% of the capital.

02:48 We also announced that it will be 100% and 50% of the capital.

02:53 This is part of the re-establishment of the company.

03:01 You need the banks.

03:05 After this period, you will go back to your partners and the banks.

03:12 We will go back to the banks to re-establish the company.

03:15 We have succeeded in this process and we have good results.

03:20 We are also contributing to the financing of the company.

03:28 Thank you for this answer.

03:30 I will not leave this interview without asking you about the project.

03:33 This is a big project that the whole of Kuwait is waiting for.

03:36 I would like to ask you about the implementation and where it is now.

03:40 And secondly, the procedures of the new company and the submission of the book.

03:47 We are in a hurry because we have invested with German partners.

04:02 The project is ready to be implemented, but it is not working yet.

04:18 The project cannot be implemented without a commercial operation.

04:33 The production of the plant is 500,000 cubic meters per day.

04:38 This is one of the big projects in the world.

04:41 The project is a future investment project.

04:48 What are your expectations for the first quarter of 2014?

04:51 The main goal of the project is to restore the company's reputation.

05:02 We want to have a positive cash flow.

05:11 We want to create value for the company, whether it is in industry, trade, real estate, or even investment in the financial markets.

05:22 We want to bring the different investment tools that we see in the world to our financial markets.

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