ArabFinance: Saudi Egyptian Investment and Finance (SEIG) reported a 51.77% Year on Year decline in its net profit for the Quarter one (Q1), according to the company’s June 7th statement filed to the Egyptian Exchange.
Net profit stood at EGP 5.044 million in Q1 2020, compared to of EGP 10.458 million achieved in Q1 2019.
The company distributed cash dividends of EGP 2.250 per share on April 29th to the shareholders recorded on April 26th.
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.