ArabFinance: Al Ahli for Investment and Development posted a consolidated net profit before minority interest of EGP 10.978 million in the first half (H1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year rise of 95% when compared to EGP 5.625 million in H1 2020.

Standalone net profit reached EGP 3.145 million in H1 2021, against a loss of EGP 321,722 incurred in H1 2020.

In the first quarter of 2021, Al Ahli for Investment posted a consolidated net profit before minority interest of EGP 5.109 million.

Al Ahly for Investment is an Egypt-based company engaged in the provision of investment services within the Egyptian and regional capital markets. The company offers its services through six segments of non-banking operations, corporate finance, investment banking, research and analysis, capital markets, and asset management.