CI Capital Holding for Financial Investments reported a staggering 194% year-on-year surge in consolidated net profits after tax and minority interest, reaching EGP 939.46 million in Q1 2024, up from EGP 319.65 million in Q1 2023. Revenues skyrocketed 79% YoY to EGP 2.86 billion, while total assets grew to EGP 29.68 billion as of March 31, 2024.

Standalone net profits rose to EGP 456.22 million, with earnings per share (EPS) climbing to EGP 0.41 from EGP 0.32. The Investment Bank segment saw revenues double to EGP 528 million, and brokerage revenues surged 178% to EGP 424 million. Asset Management revenues grew 42% to EGP 80 million, with assets under management hitting EGP 69.50 billion.

Group CEO Hesham Gohar highlighted expansion plans into Saudi Arabia and the UAE, citing 'robust growth and deepening capital markets.' CI Capital also reported a 24% annual increase in full-year 2023 consolidated profits to EGP 1.07 billion.