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CI Capital nets EGP 699m in H1
- What: The financial giant “CI Capital” (CICH) booked net profits of about EGP 699m in the first half of the year, with revenues close to EGP 5bn.
- So What: Net profit slid 47% YoY, and revenues dipped slightly by just over 1%.
Even so, CI Capital’s assets under management soared past the EGP 100bn mark in H1 — a 52% YoY jump and the highest level ever seen in Egypt’s market. - Now What: CEO “Hesham Gohar” says regional expansion in Saudi Arabia and the UAE is top of the group’s strategic agenda, as “CI Capital” pushes to cement its place as a leading financial services powerhouse in the Middle East.
📊 Full results here.
Macro Group posts EGP 69m profit in 6 months
- What: Pharma player “Macro Group” (MCRO) reported a net profit of nearly EGP 69m in H1, powered by EGP 412m in sales.
- So What: That’s a sharp turnaround from last year’s EGP 89m net loss. Sales also rocketed 165% YoY.
- Now What: The board approved renewing a short-term facility worth EGP 100 million from Kuwait Finance House, providing “Macro Group” with more flexibility to fund operations and future growth.
📊 Full results here.
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