Egypt Post eyes investing EGP 6B in several sectors in 2024

Updated 2/18/2024 7:24:00 AM
Egypt Post eyes investing EGP 6B in several sectors in 2024

Arab Finance: Egypt Post is planning to make new direct investments worth EGP 6 billion in 2024, Chairman Sharif Farouk told Asharq Business.

These investments will be pumped into the sectors of logistics, communications, microfinance, and consumer finance, Farouk highlighted.

In 2023, the authority invested EGP 4 billion in these sectors, Farouk said, pointing out that it raised its investments in the stock market by 20% to EGP 6 billion last year.

He also added that the authority targets increasing its net profit by 30% during 2024 to reach EGP 5 billion.

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