Arab Finance: Naeem Holding (NAHO) turned to profitability in the first nine months of 2022, according to the company’s financial income statements filed to the Egyptian Exchange (EGX) on November 13^th.

The company recorded a consolidated net profit attributable to the holding company of $88,452 in the January-September period of 2022, versus a net loss of $1.167 million in the same period of 2021.

Meanwhile, the company’s standalone net profit after tax stood at $139,454 in the nine-month period ended September 30th, versus a net loss of $3.052 million in the year-ago period.

Established in 1997, Naeem Holding is engaged in the provision of investment banking services within Egypt and abroad.