ArabFinance: Naeem Holding (NAHO) has turned to profitability during the full year 2021, according to unaudited financial indicators filed on Tuesday to the Egyptian Exchange (EGX).
The company recorded a net profit of $1.577 million last year, compared to a net loss of $1.380 million in 2020.
Revenue jumped 20% to $20.767 million in 2021, up from $17.355 million in 2020.
Established in 1997, the public shareholding company is engaged in the provision of investment banking services within Egypt and abroad.