The Egyptian Stock Exchange executes a large-scale deal on “Contact Financial” shares

Aya Hussein

The Egyptian Stock Exchange announced the implementation of a deal from the high volume mechanism

The stock exchange said in a statement that the deal was concluded on about 4.6 million shares, with a value of 16. 6 million pounds within the framework of the reward and motivation system for workers. And the Contact Financial Holding Company previously announced the results of the consolidated business during the first 9 months of the year 1117, indicating that the operating income of the financing and insurance sectors rose at annual rates 26% And the43%, respectively.

The total operating income of the consolidated results of the company “Financing and Insurance Activity” 1.67 One billion pounds during the first 9 months of 1117, compared to 486 million in the corresponding period of the year 1117, with a growth rate of 28%.

The net profit of the consolidated results was 92 million pounds during the first 9 months of

, compared to 486 million in the same period of 2022, an increase of 2%.

While the rate of return on average equity decreased by 1.8 points, registering 19. 1% during the first 9 months of

, versus 19. 9% In the first 9 months R from the year 1117.

and on the level Financing activity, the company witnessed a growth in the total volume of new financing at an annual rate of 0031% during the first nine months of the year 2022, supported by the company’s success in expanding its product coverage in the market with the launch of a range of new products.

Most of the sector’s products achieved strong growth rates, led by consumer financing products and working capital financing. As a result, the operating income of the sector increased at an annual rate 28% to record 978 million pounds during the first nine months of this year, while the Net profit at an annual rate of 2%.