Cairo – Mubasher: The extraordinary general assembly of Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) approved a decision to increase the bank’s authorised capital to EGP 7 billion from EGP 4 billion.

The decision is still subject to the Central Bank of Egypt’s (CBE) approval, the bank said in a bourse disclosure on Wednesday.

During 2020, ADIB Egypt reported net profits of EGP 1.19 billion, down from EGP 1.22 billion a year earlier, including minority shareholders’ rights.