Arab Finance: Naeem Holding (NAHO) turned to profitability in the first nine months of 2024, according to the company’s financial income statements filed to the Egyptian Exchange (EGX) on November 13th.
The company recorded a consolidated net profit attributable to the holding company of $1.430 million in the January-September period of 2024, versus a net loss of $219,627 in the same period of 2023.
Meanwhile, the company’s standalone net profit after tax stood at $195,700 in the nine-month period ended September 30th, versus a net loss of $701,203 in the year-ago period.
Established in 1997, Naeem Holding is engaged in the provision of investment banking services within Egypt and abroad.