Arab Company for Asset Management loss shrinks in H1 20221

Updated 8/5/2021 12:57:00 PM

ArabFinance: Arab Company for Asset Management and Development (ACAMD) posted a net loss of EGP 3.048 million in half one (H1) of 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) decline of 11% when compared to EGP 3.408 million incurred in H1 2020.

ACAMD posted a net loss of EGP 1.858 million in quarter one (Q1) 2021.

Arab Company provides commercial banking services including deposits, loans, and credit cards, in addition to asset management services including fund management.