HomeGlobal EconomyArab Finance - Al-Qalaa turns profitable in 6 months

Arab Finance – Al-Qalaa turns profitable in 6 months


Al-Qalaa turns profitable in 6 months

Arab Finance: Company announced Castle Financial Investments (CCAP)announced 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 5.862 billion pounds, compared to a consolidated net loss of 308.113 million pounds for the same period of the previous year.

It also showed results for the financial period ending on 06/30/2024, which showed achieving a net loss Independent It amounted to 572.871 million pounds, compared to a standalone net loss of 1.282 billion 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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