Arab Finance: Arab Developers Holding (ARAB) posted a 154.86% year-on-year (YoY) surge in consolidated net profit attributable to the parent company during the first nine months of 2024, recording EGP 225.216 million, from EGP 88.37 million, according to the financial results filed to the Egyptian Exchange (EGX) on November 11th.

Meanwhile, the company’s revenues surged to EGP 1.411 billion from EGP 872.412 million.

On the other hand, the company recorded EGP 71.919 million in standalone net profits after tax in the first nine months of the year, up from EGP 66.427 million in the corresponding period of 2023.

Established in 2015, Arab Developers is a leading real estate developer in Egypt that has a diversified business portfolio.

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