Arab Finance: Al Ahli for Investment and Development’s (AFDI) standalone net loss after tax grew 35% year-on-year (YoY) to EGP 3.856 million in Q1 2022, according to the financial indicators filed to the Egyptian Exchange (EGX) on July 17th.
The company’s revenue dropped to EGP 833,540 in Q1 2022 from EGP 1.328 million in Q1 2021.
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.