Egypt’s SEIG profits rise 21% YoY in H1

By Sama Mousa On Aug 2, 2023

Egypt-based public shareholding company; Saudi Egyptian Investment and Finance (SEIG) registered net profits increase of 20.6 percent year-on-year (YoY) for the first half (H1) of 2023, Egyptian Exchange (EGX) bourse filing, stated on Tuesday.

The company’s net profits soared to 13.816 million Egyptian pounds in H1 2023, up from 11.461 million pounds in H1 2022.

The operating revenues also rose by 21.7 percent YoY to reach 18.436 million pounds, going up from 15.148 million pounds in H1 2022.

SEIG is an Egypt-based public shareholding company engaged in investment activities in different business sectors.

The company is also responsible for providing different financial services. It also owns various investment stakes in a number of companies, funds, and portfolios.

(SEIG)EGX Egyptian Exchange Egyptian Exchange EGX Saudi Egyptian Investment and Finance Saudi Egyptian Investment and Finance (SEIG)SEIG profits SEIG revenues