In H1 of FY ending January 31st 2020, the company posted a net profit of $7,694,005 (EGP 121,334,458).
Standalone net profit reached $1,058,677 (EGP 16,695,336) in H1 of FY ending January 31st 2021, a 87% decline from $7,915,430 (EGP 124,826,331) posted in prior-year period.
In late August, Arafa’s board of directors approved the establishment of FCTRADING DMCC, a new company, in the United Arab Emirates with a capital of AED 50,000 (EGP 213,992).
The capital of the new entity will be distributed on 50 shares at AED 1000 ( EGP 4,279) per each owned by Arafa Holding.
Arafa is an Egypt-based holding company engaged in financial and management consulting, and investment activities. The company is organized into three business segments; retail, apparel and tailoring, and textiles. It operates through managing and administrating its subsidiaries and affiliated companies.
At the press time, the conversion rate is $1= EGP 15.77 and AED 1 = EGP 4.32
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