Al Baraka Bank - Egypt (SAUD)

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News

14 November 2019 06:32 PM Al Baraka Bank – Egypt reports 37% YoY profit hike in 9M/19

Cairo – Mubasher: Al Baraka Bank – Egypt has posted a 36.56% year-on-year profit increase during the first nine months of 2019. The bank’s profit reached EGP 863.64 million from January to September 2019, compared to EGP 632.43 million in the …

Banking and Finance

6 August 2019 09:47 PM Al Baraka Bank – Egypt registers 31% YoY profit hike in H1-19

Cairo – Mubasher: Al Baraka Bank – Egypt reported a 30.8% year-on-year profit increase during the first six months of 2019, recording EGP 537.6 million ($32.47 million). Net income went up to EGP 986.27 million in H1-19, compared to EGP 871.13 …

Banking and Finance

22 June 2019 11:03 PM Egypt’s Islamic banking sector grows 15.8% YoY in Q1

By: Islam Fadl Cairo – Mubasher: Islamic banking sector in Egypt grew 15.8% year-on-year to EGP 301 billion in the first quarter of 2019. The total value of loans granted in compliance with Sharia reached EGP 226 billion in Q1-19 versus EGP 185 …

Banking and Finance

15 May 2019 00:14 PM Al Baraka Bank Egypt’s Q1 profit rises 35%

Cairo – Mubasher: Al Baraka Bank – Egypt reported a 34.83% year-on-year growth in its non-consolidated profits during the first quarter of 2019. The bank’s net profits amounted to EGP 266.28 million in the January-March period of 2019, compared to …

Financial Results

22 January 2019 05:10 PM Al Baraka Bank–Egypt names new chairman

Mubasher: The board of Al Baraka Bank–Egypt has elected Ibrahim Al-Shamsi as a new chairman, to succeed Adnan Ahmad Youssef, who was appointed to the position in 2008. The change in management was conducted in accordance with the bank’s new …

Management Decisions

17 January 2019 11:38 AM Al Baraka Bank Egypt logs EGP 1bn profit in 2018

Cairo – Mubasher:  Al Baraka Bank Egypt on Thursday said that the unconsolidated financial statements showed a 38.2% year-on-year jump in net profits for the full year of 2018. Net profits amounted to EGP 1.003 billion from January to December …

Banking and Finance

6 November 2018 05:10 PM Pharos maintains “Overweight” on Al-Baraka

Cairo - Mubasher: Pharos Research has maintained its “Overweight” recommendation on the stock of Al Baraka Bank - Egypt, with a fair value (FV) evaluation at EGP 18.50 per share. The valuation is based on a set of key assumptions that underpin the …

Ratings

6 November 2018 11:02 AM Al Baraka Bank Egypt profit rises 18% in 9M

Cairo – Mubasher: Al Baraka Bank Egypt on Tuesday reported an 18% year-on-year increase in profits for the first nine months of 2018. Net profit amounted to EGP 632.4 million in the period between January and September, versus EGP 534.7 million in …

Financial Results

12 July 2018 03:54 PM Al Baraka Group eyes 15% market share by 2020

By: Islam Fadl Cairo – Mubasher: Al Baraka Banking Group is looking to boost its market share in the Egyptian private sector to 15% from 7% in the coming few years. The group seeks to raise its budget by EGP 39 billion to reach EGP 100 billion by …

Banking and Finance

14 May 2018 01:11 PM Al Baraka Bank Egypt Q1 profit rises 27%

Cairo – Mubasher: Al Baraka Bank – Egypt on Monday reported a 26.6% year-on-year surge in profits for the first quarter of 2018, recording EGP 197.49 million from EGP 156 million. Net income grew to EGP 427.3 million in Q1-18, versus EGP 347.5 …

Financial Results

4 March 2018 00:50 PM Al Baraka Bank Egypt OGM nods to EGP0.63/shr dividends

Cairo – Mubasher: Al Baraka Bank – Egypt’s ordinary general meeting (OGM) has approved adjusting dividends distribution for 2017 to become 20% of paid-up capital. The OGM decided to amend the proposed cash dividend distribution to be 9% of the …

Cash Dividends

21 February 2018 04:36 PM Al Baraka Banking to expand into 3 Arab nations – CEO

By: Amr Fouad Mubasher: Al Baraka Banking Group is expected to see better results in 2018, as Arab currencies grow, while the group plans to open new branches in Egypt, Morocco, and Iraq in the coming months, CEO Adnan Ahmed Yousif told Mubasher …

Companies Investments

31 January 2018 03:49 PM Al Baraka Bank Egypt's stock likely to soar 30% on EGX - Analysis

By: Heba El-Kordy Cairo – Mubasher: Al Baraka Bank Egypt’s stock jumped to the highest level on Wednesday on the back of cash dividend distributions amid expectations of rising to 30%. By 1:43 pm Cairo time, the banks’ stock leaped 7.51% to EGP …

Trading Activities

30 January 2018 06:59 PM Pharos keeps AlBaraka FV at EGP 16.5/shr

Cairo - Mubasher: Pharos Research has maintained its fair value (FV) valuation of Al Baraka Bank’s stock at EGP 16.50, with an Overweight recommendation. The valuation is based on a set of key assumptions that underpin the growth potential for the …

Stock Evaluations

30 January 2018 00:39 PM Al Baraka Bank Egypt profits hike 42% in 2017

Cairo – Mubasher: Al Baraka Bank Egypt on Tuesday reported a 41.5% year-on-year surge in profits for 2017 due to a growth in Murabaha returns. Net profit stood at EGP 725.25 million in 2017, up from EGP 512.4 million a year earlier, the bank …

Financial Results

13 November 2017 11:36 AM Al Baraka Bank’s profits jump 65%, near to EGP 218m in Q3

Cairo – Mubasher: Al Baraka Bank – Egypt on Monday stated that its profits surged 65% in the third quarter of 2017, compared to the year-ago period. Profits reached EGP 218.7 million in Q3-17, compared to EGP 132.56 million in Q3-16, according to …

Financial Results

9 August 2017 00:23 AM Pharos maintains Al Baraka FV at EGP16.5/shr

Cairo - Mubasher: Pharos Research has maintained its fair value (FV) evaluation of Al Baraka Bank at EGP 16.50 per share, with an Overweight recommendation, according to a recent report. The research firm said that it is basing its valuation on a …

Stock Evaluations

14 May 2017 00:22 PM Al Baraka Bank Q1 profits up 22%

Cairo – Mubasher: Al Baraka Bank – Egypt posted on Sunday a year-on-year rise of 22.48% growth in its net profit for the first quarter of fiscal year 2017. Net profit reached EGP 156.04 million in Q1-17, compared to EGP 127.4 million for Q1-16, …

Financial Results

30 March 2017 11:01 AM Al Baraka Bank OGM approves capital hike via bonus shares

Cairo – Mubasher: Al Baraka Bank – Egypt said Thursday that its ordinary general meeting (OGM) has agreed on raising the bank’s capital through distributing 0.15 bonus share for each ordinary share. The raise value is EGP 165.2 million distributed …

Cash Dividends

5 March 2017 11:13 AM Al Baraka Bank OGM to discuss bonus shares 29 March

Cairo – Mubasher: Al Baraka Bank – Egypt said Sunday that it will hold its ordinary general meeting (OGM) on 29 March to discuss the dsitribution of bonus shares at 15% of the capital, equivalent to a 0.15 bonus share for every ordinary share, for …

General Assembly

27 February 2017 11:57 AM Al Baraka Bank profits rise 121% in Q4

Cairo – Mubasher: Al Baraka Bank – Egypt posted on Monday a rise of 120.6% in its profits for the fourth quarter of fiscal year 2016 to EGP 124.5 million, versus EGP 56.43 million for Q4-15. Profits for fiscal year 2016 increased 93.33% to EGP …

Financial Results

6 November 2016 00:35 PM Al Baraka Bank – Egypt profits surge 93.9% on Q3

Cairo – Mubasher: Al Baraka Bank – Egypt reported an increase of 93.9% in net profits for the third quarter of 2016. The lender registered net profits of EGP 132.6 million for Q3 – 2016, up from EGP 68.4 million a year earlier. As for the first …

Financial Results

15 August 2016 02:08 PM IFC says it extended finance to 2 Egyptian banks in 2015

Cairo – Mubasher: IFC, a member of the World Bank Group, said it inked three trade financing agreements with leading banks in the Middle East and North Africa (MENA) to help their clients access international markets and import critical …

International Agreements

4 August 2016 00:17 PM Egypt’s Al Baraka Bank profits decline 58.41%.in Q2

Cairo – Mubasher: Egypt’s Al Baraka Bank reported  a decrease of 58.41% in net profits for the second quarter of 2016. The lender said it recorded net profits of EGP 31.99 million ($3.59 million) for the Q2-2016, down from EGP 76.92 million a year …

Financial Results

12 May 2016 11:44 AM Egypt’s Al Baraka profits double in Q1

Cairo – Mubasher: Egypt’s Al Baraka Bank reported a surge of 101% in its profits for the first quarter of 2016, according to a press release. The bank earned EGP127.4 million ($14.3 million), compared to EGP63.37 million ($7.1 million) for the …

Financial Results