Arab Finance: Arab Developers Holding (ARAB) posted a 79.17% year-on-year (YoY) drop in net profit after tax during the first half (H1) of 2022, recording EGP 15 million, according to financial indicators filed to the Egyptian Exchange (EGX) on Monday.
The company’s sales surged to EGP 896 million in H1 2022 from EGP 650 million in H1 2021.
Established in 2015, Arab Developers is a leading real estate developer in Egypt that has a diversified business portfolio.