Saudi Egyptian Investment reports 10% profit decrease

Updated 7/28/2020 4:09:00 PM

ArabFinance: Saudi Egyptian Investment and Finance (SEIG) reported a 10% Year on Year decrease in its net profit in the first half (H1) of 2020, according to the company's July 27th financial statements filed to the Egyptian Exchange.

Net profit stood at EGP 13.414 million in H1 2020, compared to EGP 14.884 million posted in H1 2019.

The company distributed annual 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.