Arab Finance: Saudi Egyptian Investment and Finance (SEIG) posted a 71.1% year-on-year increase in net profits after tax for the first quarter (Q1) of 2024, according to the company’s financial statement.
Net profits rose to EGP 10.218 million in Q1 2024 from EGP 5.972 million in Q1 2023.
Meanwhile, operating revenues grew to EGP 13.513 million from EGP 8.19 million.
Saudi Egyptian Investment is an Egypt-based public shareholding company that is engaged in undertaking investment activities in different business sectors, as well as providing different financial services. The Company owns several investment stakes in different companies, funds, and portfolios.