Earnings Report /

HRHO: 4Q21 – Strong operational year despite higher opex and unfavorable base effect

Strong annual performance came on the back of strong NBFIs revenues (+41%) coupled with aiBank revenue contribution
IB platform revenues were dragged down as the comparable year included non-recurring PE exit fee and unrealised gains
Moderate increase in group OPEX driven by lower investment bank platform OPEX while NBFI and aiBank boosted opex

Dalia Bonna

Assistant VP @ Al Ahly Pharos Securities Brokerage

24 March 2022

Published byAl Ahly Pharos Securities Brokerage

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