IPO WATCH- AIH plans IPO of its NBFS arms in 2021: Arabia Investments Holding is planning to list its non-banking financial services business, which includes leasing company UE Finance and consumer finance arm Rawaj, on the EGX next year, the company said in a regulatory filing (pdf). The disclosure provided no further details, but stated that AIH is currently looking at buying the dip in the EGX by investing in already listed companies.

EARNINGS WATCH- AIH’s consolidated profits increased 13.3% y-o-y in 2019 to EGP 82.4 mn, up from EGP 72.7 mn in 2018, according to its earnings release. Revenues meanwhile came in at EGP 1.2 bn during the year, down from 1.4 bn in 2018.

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