Arab Finance: The extraordinary general assembly of the company approved Castle Financial Investments (CCAP)held on September 26, 2024, stipulates that the company will continue despite losses exceeding half the value of shareholders’ equity, in addition to retracting all decisions related to the company’s transformation under the umbrella of the provisions of the Capital Market Law No. 95 of 1992 and its executive regulations, according to statement Egyptian Stock Exchange.
The results of its consolidated and unconsolidated operations for the financial period ending on 03/31/2024 showed achieving a net profit. assembly It amounted to 7.217 billion pounds, compared to a combined net profit of 73.046 million pounds for the same period of the previous year.
It also showed results for the financial period ending on 03/31/2024, which showed achieving a net profit independent It amounted to 360.089 million pounds, compared to a standalone net loss of 927.775 million pounds for the same period of the previous year.
Citadel Capital is the leading investment company in Africa and the Middle East. The value of Qalaa Holdings’ investments amounts to US$9.5 billion through 10 subsidiaries across 15 countries, to establish investment projects in 5 strategic sectors: energy, transportation and logistical support, agriculture and food industries, mining, cement and construction.
Qalaa Holdings has its roots in being the largest direct investment company on the African continent, and was established with the aim of developing projects and investments to meet the needs of more than 1.3 billion consumers across 15 countries in the region. Qalaa Holdings has a special passion for entrepreneurs and those with innovative ideas and projects. Qalaa Holdings looks forward to establishing more innovative projects and sustainable investments in order to create and maximize value for all relevant parties.
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