Arab Finance: Company announced Arab Investment Forum – (AMIA)A supporting financing contract was signed with the company Al Tawfiq Financial Leasing – ATLCsubsidiary, amounting to 275 million pounds, according to statement Egyptian Stock Exchange.
She added that the contract was signed to strengthen the capital base of Al-Tawfiq Financial Leasing Company, provided that it will be paid in two tranches, the first worth 125 million pounds on October 24, and the second at the end of next November, with a maximum value of 150 million pounds.
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 68.677 million pounds, compared to the company achieving a net profit of 30.123 million pounds 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 06/30/2024, it was estimated at about 9.507 million pounds, compared to a net profit of 56.453 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 invests in multiple economic sectors, including industrial and agricultural investments, land reclamation and cultivation, livestock and fishery development, and real estate and tourism investments, with total assets exceeding 5 billion Egyptian pounds. Distributed across a number of different investment fields, including poultry, pharmaceuticals, health care, industry, and agriculture, in addition to the financial, real estate, and commercial fields.
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