Saudi Egyptian Investment’s profit falls 28.06% in 2021

Updated 2/9/2022 11:31:39 AM

ArabFinanceSaudi Egyptian Investment and Finance (SEIG) reported a 28.06% year-on-year drop in net profit after tax for the year ended December 31st 2021, according to the company’s financial indicators filed to the Egyptian Exchange (EGX).

Net profit after tax stood at EGP 19.21 million in 2021, compared to a net profit of EGP 26.71 million in 2020.

Operating revenue amounted to EGP 26.33 million in 2021, down 27.12% from EGP 36.13 million in the same period of 2020.

 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.