Saudi Egyptian Investment profit decreases
Updated 5/26/2021 2:02:00 PM
ArabFinance: Saudi Egyptian Investment and Finance posted a consolidated net profit before minority interest of EGP 3.334 million in quarter one (Q1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.
This marked a Year on Year (YoY) decline of 33.9% when compared to EGP 5.044 million in Q1 2020.
The listed company distributed annual cash dividends of EGP 2 per share on April 28th.
The listed company posted a 14.8% Year on Year increase in its net profit in 2020, recording EGP 26.71 million.
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.
