Cairo –  Arabia Investments Holding has spent round EGP 259.50 million of its capital elevate subscription proceeds, amounting to EGP 260.54 million, and listed on 9 December 2019.

A complete of EGP 72.47 million has been used within the capitalisation of a shareholder mortgage and EGP 7.50 million has been used within the issued capital of UE Finance, in line with a bourse submitting on Monday.

Furthermore, the EGX-listed agency paid EGP 14.57 million to purchase Incolease’s stake in UE Finance and EGP 80 million to extend the capital of UE Finance.

As well as, it spent EGP 19.60 million to boost the capital of Rawaj’s Auto Finance, EGP 13.50 million in capital to ascertain a factoring firm, and EGP 19.42 million to purchase treasury shares.

Furthermore, the corporate paid a sum of EGP 8.32 million to fulfill the commitments of subsidiaries and EGP 24.19 million for normal and administrative bills.

The remaining quantity of the subscription proceeds stands at EGP 946,220.

Throughout the first half (H1) of 2022, Arabia Investments Holding recorded web earnings of EGP 35.57 million, in comparison with EGP 42.08 million, together with minority shareholders’ rights.

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