Al Ahli for Investment announces new shareholding structure
Updated 7/9/2020 4:05:01 PM
ArabFinance: Al Ahli for Investment and Development (AFDI) stated that its shareholder Tawfeek Diab raised his stake from 0.11% to 6.41%, according to the company's July 9th statement filed to the Egyptian Exchange.
Diab purchased 1,135,000 shares at EGP 10.67 per each, with a total amount of EGP 12,110,450.
The company posted a consolidated net profit of EGP 14.98 million in 2019, a 77% surge from EGP 8.46 million a year earlier.
As for the standalone financials, Al Ahli for Investment turned to a loss of EGP 4.54 million in FY 2019, against a net profit of EGP 703,714 in FY 2018.
Al Ahly is an Egypt-based company engaged in the provision of investment services within the Egyptian and regional capital markets. The company offers its services through six segments: the non-banking operations, the corporate finance, investment banking, the research and analysis, the capital markets, and the asset management segment.
