Sigma Capital

10-11-2024

Ayman Soliman, former head of the Sovereign Fund, appointed head of the Nilesat Investment Committee

Source: MIST

Youm7-


The Egyptian Satellite Company - Nilesat announced the approval of the company's (unaudited) financial statements for the financial period ending September 30, 2024, and the amendment to the formation of the Audit and Investment Committee to become as follows: Ayman Muhammad Al-Tayeb Muhammad Suleiman, Chairman of the Audit and Investment Committee, and Ahmed Abdel Fattah Ghobashi, Tarek Muhammad Al-Jeddawi Saad, Ashraf Muhammad Ahmed Al-Iskandarani, and Tamer Talaat Al-Saadani, members of the Board of Directors. The Egyptian Satellite Company - Nilesat achieved operating revenues of $76 million during the period from January 1 to September 30, 2024, compared to $25.2 million during the same period last year, and net profits amounted to $40.7 million compared to $19.2 million, according to the company's statement to the Egyptian Stock Exchange.