The Clap
Egypt Post intends to invest EGP 6 billion in private & public equities in 2024, an Egypt Post source told Enterprise.
What
The EGP 6 billion investment will result in a 50% increase YoY in Egypt Post’s total investments. This substantial sum will further expand their investments across various sectors – including communications, logistics, consumer finance, and microfinance, Board Chair Sharif Farouk told Asharq Business.
So What
Some of the EGX-listed companies in the above sectors will receive additional investments from Egypt Post.
And with this, Egypt Post aims to boost its net profits by 30% in 2024, reaching EGP 4 billion, also according to Farouk.
Some Context
In 2023, Egypt Post raised its investments in the EGX by 20%, reaching EGP 6 billion.
