Cairo National invests in the start-up business and provides securities exchange-related services. Its main purpose is to promote and underwrite securities, participate in the establishment of companies that issue securities, and portfolio management.
Cairo National for Investment turns to profit
Updated 3/2/2021 10:42:00 AM
ArabFinance: Cairo National for Investment and Securities posted a consolidated net profit before the minority stake of EGP 1,297,643 in 2020, according to the company’s March 2nd financial statements filed to the Egyptian Exchange.
In 2019, the company incurred a net loss of EGP 23,024,432.
Standalone net loss reached EGP 1,944,541 in 2020, a 49% decline from EGP 3,836,883 reported in 2019.
Cairo National’s board of directors approved the sale of its 40.96% stake in Alexandria National Company for Financial Investment.
