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Arab Finance – Al Ahly Development Company jumps in profits in 6 months


Al Ahly Development Company jumps in profits in 6 months

Arab Finance: Company announced Al Ahly Development and Investment (AFDI) About the results of its consolidated and unconsolidated operations for the financial period ending on 06/30/2024, which showed achieving a net profit. assembly It amounted to 63.630 million pounds, compared to the company achieving a net profit of 15.989 million pounds during the same period of the previous year.

In the same context, the company achieved an independent net loss for the financial period ending on 06/30/2024, estimated at approximately 12.472 million pounds, compared to a net profit. independent It amounted to 12,258 million pounds 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 1995 and its purpose is to form and manage securities portfolios, participate in establishing companies that issue securities, in risk capital activity, promoting and covering securities subscriptions, and direct investment fund management activity.

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