Arab Finance: Company announced Egyptian Kuwaiti Holding Company(EXISTS)announced the results of its business during the period from 01/01/2024 to 09/30/2024, which showed achieving a net profit. assembly It amounted to $124,245,845, compared to the company achieving a net profit of $136,552,056 during the period from 01/01/2023 to 09/30/2023.
On the results of its consolidated and unconsolidated operations for the financial period ending on 06/30/2024, it showed achieving a net profit. assembly It amounted to $27,500 million, compared to the company achieving a net profit of $90,114 million during the same period of the previous year.
In the same context, the company achieved a net loss Independent For the financial period ending on 06/30/2024, it was estimated at approximately $11,882 million, compared to a net profit of $15,659 million, during the comparative period of the previous fiscal year.
It is worth noting that the net profits or losses for the year are calculated according to the share of owners of the parent company.
The company was established in 1997. The company's purpose is to invest in all fields, which include the following activities: – Promoting and covering securities subscriptions, participating in establishing companies that issue securities or increasing their capital, as well as risk capital. The company may also undertake other projects or modify its purpose within the framework of the provisions of the Investment Law, and it may undertake or participate in sub-projects outside the Investment Law, subject to the approval of the General Authority for Investment and the General Authority for the Capital Market.
On March 6, 2002, the General Authority for Investment approved the company’s use of its surplus funds to invest outside Egypt by participating in establishing companies and contributing to projects, as well as participating in securities portfolios managed abroad.
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