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Al Baraka Bank approves distributing EGP 387M

Al Baraka Bank approves distributing EGP 387M

ArabFinance: Al Baraka Bank (SAUD) decided to distribute dividends of EGP 386,611,820.

On March 28th, the general assembly approved the board of directors’ annual report for the year 2019.

The bank got the Financial Regulatory Authority's (FRA) approval to moving forward in issued capital increase measures, according to EGX statement.

In February, Al Baraka Bank's board of directors approved increasing the capital from EGP 1,546,447,231 to EGP 1,855,736,687 with an increase amounting to EGP 309,289,456.

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