The Saudi-Egyptian Investment and Finance Company did not report the value of its accrued interest, said the Central Auditing Agency in a report on the monitoring of financial statements. The unreported interest was in regard to one of the sister companies during the period April 1, 2011 and June 30, 2011. The report also revealed that the value of assets in foreign currency from 1986 to 1992 equaled 27.7 million EGP (U.S. $4.6 million). The report stressed that the company must settle the differences in the earnings to fulfill its legal duty. The Agency also noted it had made a similar note on the company audit on December 31 last year, which was publicly issued on June 5, 2011.
