Al Ahly for Investment cuts loss in 2021 (16 May 2022)
Al Ahli for Investment and Developmentā€™s (AFDI) standalone net loss after tax dropped to EGP 2.841 million during the full year 2021 from EGP 8.978 million in 2020, according to financial indicators filed to the Egyptian Exchange (EGX) on Monday. Revenue surged to EGP 15.705 million in 2021 from EGP 8.146 million the year before. Al Ahly for Investment is an Egypt-based company engaged in the provision of investment services within the Egyptian and regional capital markets. The company offers its services through six segments of non-banking operations, corporate finance, investment banking, research and analysis, capital markets, and asset management.