Arab Finance: CI Capital Holding for Financial Investments’ (CICH) consolidated net profits attributable to the parent company rose 193.9% year on year (YoY) in the first quarter (Q1) of 2024 to EGP 939.463 million, compared to EGP 319.656 million, as per a filing.

Operating revenues grew to EGP 1.495 billion in the first three months of the year from EGP 1.261 billion in the corresponding quarter a year earlier.

At the level of the standalone financial statement, the company recorded net profits after tax of EGP 456.227 million in Q1 2024, rising from EGP 351.146 million in Q1 2023.

Meanwhile, standalone operating revenues grew to EGP 454.285 million from EGP 416.917 million.

CI Capital is a diversified financial services group, which provides advisory on capital raising as well as mergers and acquisitions, in addition to asset management, securities brokerage, custody, and research through its investment banking platform.

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