Saudi Egyptian Investment’s 2018 profits rise to $1.2 mln

Saudi Egyptian Investment and Finance’s profits jumped to 22.3 million Egyptian pounds ($1.2 million) in 2018 from 21.3 million in 2017, its financial statements showed on Sunday.

Revenues increased to 29.2 million pounds last year against 26.4 million a year earlier.

Saudi Egyptian Investment and Finance is an Egypt-based public shareholding firm that is engaged in undertaking investment activities in different business sectors as well as providing different financial services.