The Investment Import Company (“Import” or “the company”) announced its financial results for the first quarter of 2025 (“quarter”) ending on March 31, 2025.
The net profit belonging to the shareholders reached 489,605 dinars for the first quarter, compared to 435,793 dinars for the first quarter of 2024, an increase of 12%. This rise in profits mainly is due to the continued restructuring of the company’s diverse portfolio of private and real estate investments that have previously acquired it. The share profitability was 3.2 fils for the first quarter, compared to 2.8 fils for the first quarter of last year.
The total comprehensive income belonging to the shareholders reached 530,951 dinars in the first quarter of 2025 compared to 565,041 dinars in the first quarter of last year, a decrease of 6%.
The total income for the first quarter was 1.860,084 dinars compared to a total income of 1.977,805 dinars in the first quarter of 2024, which reflects a 6%decrease. This decrease in the first place is due to the decrease in the company’s shares listed with the company in line with the decreases in Turkish stock indicators during the first quarter.
However, the value of these centers has already recovered in the second quarter. The total property rights belonging to the shareholders reached 44,265,270 dinars at the end of the first quarter compared to 43,377,483 dinars on December 31, 2024, an increase of 2%, and this is due in the first place to the profits of the current period.
The total assets decreased by 6% to 87.585,870 dinars, compared to 93.100.840 dinars on December 31, 2024, and this is primarily due to the decrease in the Turkish stock portfolio listed for the company.
The Chairman of the Board, Hisham Al -Rayes, said: “We are pleased to announce strong results and performance for the first quarter of 2025. According to the momentum witnessed by our business, we succeeded in achieving another quarter of the growing profit growth, despite the fluctuations of the market.”
He added: “During the first quarter of the year, we continued to make progress in restructuring and managing the main conversion assets that we have acquired in late 2023, when the recovery of its value was reflected positively on the results.”
He said: “After nearly 6 years of the company’s presidency, I decided to leave the company’s leadership, in a desire to devote himself to my private business and my duties within the GFH Financial Group. It was a journey full of challenges and successes, during which we were able, thanks to cooperation with the board of directors and the work team, to transform the company into one of the most prominent investment entities in the region.
Al -Rayes announced that Nabil Noureddine will take over the chairmanship of the Board of Directors of an import company to succeed him, confirming his pride in the solid foundations that we built, which achieved a strong financial performance, and strengthened our investment strategy.
Al -Rayes stressed his confidence that the company will continue, led by Noureddine, to build this momentum and achieve greater success in the coming years.
While CEO Ahmed Abdel Rahman said: “We are proud to announce strong results during the first quarter, and we will continue our efforts to redistribute additional assets within our diverse global real estate portfolio and private stock assets, to achieve greater value and achieve them during the remaining period of the year.”
He added: “One of the factors contributing to our positive performance in the first quarter was the continuous progress made by an import bank, as the new public bank entered steadily, after he successfully returned to profitability in 2024, and strengthened his financial foundations by re -drawing its work effectively, reducing the debts of the public budget, and achieving positive ownership rights.”
He said: “During the first quarter of 2025, the bank continued its strategic focus on identifying and implementing high -value opportunities through a strong series of new deals, and this includes the work of two strategic acquisitions in the commercial real estate sectors in the United States and the United Kingdom, which were carried out by the bank during the first 3 months of the year, and are expected to be completed during the second quarter.”
He stressed that “these opportunities that were secured at preferential prices, which will enable us to achieve a high rate of return, reflect our confidence in the long -term foundations of these major global markets of the bank and the base of its investors in the Gulf Cooperation Council countries.”
He pointed out that the bank is in advanced stages of implementing 3 additional deals in the regional commercial real estate and shares sector, which is expected to be completed during the second or third quarter of the year.
Abdul Rahman, on behalf of the Board of Directors and the management team, thanked Al -Rayes for his dedicated leadership and valuable contributions during his presidency of the company, where he made “import” under his leadership remarkable progress in strengthening its financial situation and developing its investment strategy, explaining that the head will remain a supporter of the company.
Noureddine added: “I am honored to take over the position of Chairman of the Board of Directors and the confidence of the shareholders and the company at this central stage of the company, as the company showed a strong flexibility and focus in restructuring its investment portfolios and achieving positive results and remarkable growth despite the difficult market conditions.”
He said: “I look forward to working closely with the Board of Directors and the senior management team to enhance our investment platforms, and to seek new strategic opportunities that enable us to continue achieving a sustainable value for our shareholders.”
