ArabFinance: Arabia Investments Holding (AIH) has been studying the company split into two companies, one of them will be engaging in the non-banking financial sector, Chairman of AIH Jamal Othman said to Alborsanews website.
The other company will manage investments of AIH.
AIH aims to pump investments of EGP 150-200 million in its non-bank financial subsidiaries during 2021 in order to maximize the return of investment, Othmans added.
AIH reported a consolidated net profit of EGP 44,151,189 in the January-September 2020, compared to EGP 36,593,878 achieved in the prior-year period.
AIH, formerly Arabia Investments Development Financial Investments Holding Company, is an Egypt-based company that invests in fields such as power, building materials, automotive, and oil and gas.
The company focuses on diversified development, offering infrastructure, construction, and industrial solutions.
