Alexandria National turns profitable

Updated 3/1/2021 10:27:00 AM

ArabFinance:  Alexandria National Company for Financial Investment (ANFI) achieved a net profit of EGP 4.56 million in 2020, versus a net loss of EGP 709,656 in 2019, according to the company’s filing to the Egyptian Exchange on March 1st.

The company turned to profit during the first nine months of 2020, achieving a net profit of EGP 5.93 million.

Abu Dhabi Islamic Bank owns 84.99% of direct and indirect stake in Alexandria National Company.