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AlBaraka Bank profits jump to LE725 m ending FY2017, dividends

AlBaraka Bank profits jump to LE725 m ending FY2017, dividends

ArabFinance: Al Baraka Bank Egypt (SAUD) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2017, and ending December 31, 2017.

The company posted net profits of LE725,258,431, versus net profits of LE512,458,655 in the same period a year ago.

The Bank has suggested profits distributions attributable to shareholders of LE253.3 million, representing 20% of FY 2017 net profits.

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