HomeGlobal EconomyArab Finance - Al-Naeem Holding Company turns profitable in 9 months

Arab Finance – Al-Naeem Holding Company turns profitable in 9 months


Al-Naeem Holding turns profitable in 9 months

Arab Finance: Company announced Naeem Holding Investments (NAHO)announced the results of its business for the financial period ending on 09/30/2024, which showed achieving a net profit. assembly It amounted to $1.340 million, compared to the company achieving a net loss of $219,627 during the same period of the previous year.

In the same context, the company achieved a net profit independent For the financial period ending on September 30, 2024, it was estimated at approximately $195,700, compared to an independent net loss of $701,203, 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's purpose is to contribute to the establishment of all types of companies, financial leasing, factoring, risk capital, guaranteeing and covering subscriptions, a custodian, and margin buying. The company owns several companies operating in the financial services sector, such as securities brokerage, financial portfolio management, and investment funds. It also owns a share in Recap Company.

The company allows its clients to follow news and market events moment by moment, in addition to an interactive database. The company also provides daily and monthly reports related to technical analysis of stocks, in addition to in-depth detailed research covering the Egyptian and UAE markets.

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