Al Baraka Bank Distributes 15% Dividends

Al Baraka Bank Egypt decided to distribute 15% of its paid-up capital as dividends to shareholders after increasing capital. Accordingly, Al Baraka Bank’s dividends reached EGP 92.3 million in 2011, compared with EGP 80.3 million in 2010.

Al Baraka Bank’s distributable profits reached EGP 115.6 million in 2011, with an 8% growth rate. Besides, Bank’s total assets increased by 9% and deposits rose by 7% from last year.

Al Baraka Bank’s issued and paid-up capital reached EGP 615.2 million, distributed on 87.8 million shares, with an EGP 7 nominal value per share. This is the third successive year in which the Bank distributed dividends on its shareholders as it distributed 7% of its paid-up capital as dividends in 2009 and 15% in 2010.

Noteworthy that Al Baraka Bank’s profits retreated by EGP 8 million registering EGP 100 million in 2011, compared with EGP 108.4 million in 2010.