Saudi Egyptian Investment reports 44% YoY profit growth in 2024

Updated 1/22/2025 9:43:00 AM
Saudi Egyptian Investment reports 44% YoY profit growth in 2024

Arab Finance: Saudi Egyptian Investment and Finance (SEIG) posted a 44% year-on-year increase in net profits after tax for 2024, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on January 22nd.

Net profits rose to EGP 40.964 million in 2024 from EGP 28.445 million in 2023.

Meanwhile, operating revenues grew to EGP 54.605 million from EGP 38.339 million.

The company’s board has proposed distributing EGP 1.50 per share in cash dividends to shareholders for 2023.

Saudi Egyptian Investment is an Egypt-based public shareholding company that is engaged in undertaking investment activities in different business sectors, as well as providing different financial services. The Company owns several investment stakes in different companies, funds, and portfolios.

 

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