Al Baraka Bank - Egypt (SAUD)

Cairo – Mubasher: Al Baraka Bank-Egypt’s ordinary general meeting (OGM) has approved not to distribute cash dividends for 2023. The decision followed an amended proposal from the bank’s board on 21 March 2024 not to distribute dividends, according …

Cairo – Mubasher: Al Baraka Bank-Egypt posted a consolidated net profit after tax of EGP 2.21 billion in 2023, up from EGP 1.74 billion a year earlier. Customers’ deposits rose to EGP 84.92 billion in 2023 from EGP 74.31 billion in 2022, according …

Cairo – Mubasher: Al Baraka Bank-Egypt teamed up with Mastercard to introduce a range of premium consumer, commercial, as well as small and Medium-sized Enterprises (SMEs) products in Egypt. The partnership aims to meet the needs of individuals in …

Cairo – Mubasher: Al Baraka Bank-Egypt achieved consolidated net profits after tax worth EGP 1.60 billion in the first nine months (9M) of 2023, up year-on-year (YoY) from EGP 584.67 million. Net interest income hiked to EGP 3.23 billion during …

Cairo – Mubasher: Al Baraka Bank-Egypt inaugurated a new branch in Damietta Governorate to expand its presence in the Delta governorates, according to a press release. The launch aligns with the lender’s strategy to expand its footprint and meet …

Cairo – Mubasher: Al Baraka Bank-Egypt has participated in joint Islamic financing for Kharafi National Company with a value of EGP 300 million, according to a press release. This comes within the framework of the bank's strategy to back the …

Cairo – Mubasher: The consolidated net profits attributable to the owners of Al Baraka Bank-Egypt hiked to EGP 1.01 billion in the first half (H1) of 2023 from EGP 783.11 million a year earlier. The net income from funds amounted to EGP 2.18 …

Cairo – Mubasher: Al Baraka Bank-Egypt launched its latest branch in Ismailia Governorate, in the presence of its CEO and Vice Chairman, Hazem Hegazy, along with top executives from the bank, according to a press release. Meanwhile, the EGX-listed …

Cairo – Mubasher: The consolidated net profit after tax of Al Baraka Bank-Egypt hit EGP 445.68 million in the first quarter (Q1) of 2023, an annual surge from EGP 369.38 million, including minority interest. Net income from funds hiked to EGP 1.02 …

Cairo – Mubasher: Al Baraka Bank-Egypt generated EGP 1.74 billion in consolidated net profits after tax in 2022, compared to EGP 1.12 billion in 2021, including non-controlling equity. Earnings per share (EPS) stood at EGP 2.12 last year, higher …

Cairo – Mubasher: Al Baraka Bank-Egypt logged a 22.54% annual jump in its consolidated net profits at EGP 1.25 billion during the period from January to September 2022, compared to EGP 1.02 billion, including minority shareholders’ rights.   Basic …

Cairo – Mubasher: ADI Capital, the investment banking arm of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has successfully arranged combined Islamic financing worth EGP 2 billion for Elsewedy Electric Co's subsidiaries.  ADI Capital acted as the …

Cairo – Mubasher: Al Baraka Bank-Egypt has denied the news reporting that it had submitted an offer to acquire First Investment and Real Estate Development, according to a bourse filing on Sunday. In a separate statement, First Investment said it …

Cairo – Mubasher: Al Baraka Bank-Egypt’s consolidated net profits hiked by 27.9% year-on-year (YoY) during the first six months (6M) of the year, reaching EGP 783.11 million, compared to EGP 611.88 million. Earnings per share (EPS) came in at EGP …

Cairo – Mubasher: The consolidated net profits of Al Baraka Bank-Egypt increased by 37% to EGP 369.38 million in the first quarter (Q1) of 2022, compared to EGP 269.31 million in the same period of 2021. The bank's net interest income amounted to …

Cairo – Mubasher: The ordinary general meeting (OGM) of Al Baraka Bank-Egypt has agreed to distribute 71.42% bonus shares from the paid-up capital by granting 0.714 bonus share for every owned share. The total value of the bonus shares will stand …

Cairo – Mubasher: The board of Al Baraka Bank-Egypt has approved an increase in the issued and paid-up capital from EGP 2.96 billion to EGP 5.08 billion via bonus shares. The capital increase is distributed over 302.9 million shares at a nominal …

Cairo – Mubasher: The consolidated net profits of Al Baraka Bank-Egypt declined to EGP 1.13 billion in 2021, compared to EGP 1.26 billion in the earlier year, including minority shareholders' rights. The bank's net interest income increased to …

Cairo – Mubasher: Al Baraka Bank-Egypt plans to achieve net profits of EGP 1.41 billion in 2022, as part of its budget plan, according to a bourse filing on Monday. The bank will also target EGP 8.04 billion in revenues in 2022. It is noteworthy …

Cairo – Mubasher: Al Baraka Bank-Egypt posted net profits of EGP 1.02 billion in the first nine months of 2021, down by 8.9% year-on-year (YoY) from EGP 1.12 billion, including minority shareholders' rights.  The bank's net interest income grew to …

Cairo – Mubasher: Al Baraka Bank-Egypt has received the Central Bank of Egypt's (CBE) approval to appoint Hazem Hussein Rashad Hegazy as the Deputy Chairman and CEO of the bank.  The decision will be submitted to the next ordinary general meeting …

Cairo – Mubasher: The board of directors of Al Baraka Bank-Egypt has authorised the bank's Chairman, Abdulaziz Yamani, to negotiate and contract with Hazem Hussein Hegazy to hold the position of the Deputy Chairman and CEO of the bank, under the …

Cairo – Mubasher: Al Baraka Bank-Egypt achieved net profits of EGP 611.88 million in the first six months of 2021, a 12.5% year-on-year (YoY) increase from EGP 543.67 million, including minority shareholders' rights.  The bank's net interest …

Cairo – Mubasher: Al Baraka Bank-Egypt recorded consolidated net profits of EGP 269.32 million in the first quarter (Q1) of 2021, slightly up from EGP 264.24 million in the year-ago period, including minority shareholders’ rights. The bank’s net …

Cairo – Mubasher: The ordinary general meeting (OGM) of Al Baraka Bank-Egypt approved a proposal to distribute dividends of 60% of the paid-up capital through a 0.6-for-one bonus issue. The bank’s issued and paid-up capital will be increased by …