Saudi Egyptian Investment & Finance saw an increase of 255.5% in net profits for the first quarter of 2015, reaching EGP 85.6 million compared with EGP 26.3 million for the same period of the previous year.

The company previously announced it would sell its 30.7% stake in Arab Dairy Products Co. to Pioneers Holding for Financial Investment.

The firm is capitalised at $10 million, distributed across 2.5 million shares at $4 par value each.