Cairo – Mubasher: The board of directors of Arabia Investments Holding decided to contribute EGP 20 million to the capital raise of its 99.99%-owned subsidiary UE Finance.
The board also approved a proposal to consider investment opportunities in the vehicle sector and mull obtaining a car dealership licence, the company said in a bourse disclosure on Monday.
During the first nine months of 2020, Arabia Investments Holding reported net profits of EGP 53.95 million, up from EGP 40.55 million in the same period in 2019, including minority shareholders’ rights.
