Faisal Islamic Bank of Egypt (FIBE) announced it plans to distribute EGP 190.7 million ($25.7 million) as cash dividends for the fiscal year, representing 9%.

The bank will hold an ordinary general meeting on Friday, March 27.

FIBE said, in a bourse statement, that total assets amounted to EGP 5.1 billion at the end of 2014, an increase by EGP 4.7 billion (10.4%) compared with 2013.

Photo Credit: Arabianeye-Reuters