ArabFinance: ODIN Investments’s (ODIN) consolidated losses excluding minority shares dropped to EGP 1.031 million in 2021, from EGP 2.482 million in 2020, according to the company’s consolidated financial statement filed to the Egyptian Exchange on Sunday.
The company’s standalone profits after taxes rose to EGP 670,578 in 2021, from EGP 569,822 the year before, the standalone financial statement showed.
ODIN, formerly known as Egyptians Abroad for Investment and Development Company, aims to attract funds from Egyptians living abroad and invest them in the ongoing development of Egypt, with a focus on the real estate and financial services sectors.