ArabFinance: Naeem Holding (NAHO) incurred a consolidated net loss of $1.167 million during the first nine months of 2021, a 245% higher when compared $338,490 in the same period of 2020, the company said in a statement to the Egyptian Exchange (EGX).

The company’s standalone  net loss recorded $3.05 million during the nine-month period ended September 2021, compared to $2.3 million in the corresponding period a year earlier.

It is worth noting that the company suffered a consolidate net loss of $1.27 million during the first half (H1) of 2021, down from $1.68 million in the year-ago period.

Established in 1997, the public shareholding company is engaged in the provision of investment banking services within Egypt and abroad.