Saudi Egyptian Investment reports net profit rise

Updated 2/21/2021 10:34:27 AM

ArabFinance: Saudi Egyptian Investment and Finance (SEIG) posted a 14.8% Year on Year increase in its net profit in 2020, according to the company’s February 21st statement to the Egyptian Exchange.

Net profit recorded EGP 26.71 million in 2020, compared to EGP 23.26 million in 2019.

The company achieved a net profit of EGP 16.67 million during the first nine months of 2020, 12.19% lower from EGP 18.99 million in the same period a year ago.

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.