Contact to establish AED 300,000 limited liability company in Dubai

Updated 3/19/2024 9:44:00 AM
Contact to establish AED 300,000 limited liability company in Dubai

Arab Finance: Contact Financial Holding’s board has approved the establishment of a limited liability company in Dubai, with seed capital of AED 300,000, the company stated on March 19th.

It is worth noting that Contact posted a 35.5% year-on-year (YoY) increase in consolidated net profits attributable to the shareholders of the parent company in 2023 to EGP 692.208 million, versus EGP 510.713 million.

Meanwhile, the company registered standalone net profits after tax of EGP 329.317 million in 2023, up from EGP 327.617 million in 2023.

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