Egypt Post’s Investments up to EGP42.4bn in FY13/14

Big 5

The total value of Egypt Post’s investments reached around EGP135 billion within the end of the fiscal year of 2013/2014, Vice Chairman, Chief Investment Officer & Head of Treasury at Egypt Post Ahmed Fathallah revealed.

On the sidelines of Egypt Post’s press conference, Fathallah added that the post’s investments in National Investment Bank up to EGP90 billion.

Moreover, the post’s investments outside the bank are around EGP42 billion with about 13.8% revenues, stressing that the investments boosted to 100%  in compared to the same period of the last year which reached EGP20 billion and 7% revenues.