Al Baraka Bank - Egypt (SAUD)

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News

17 February 2025 05:53 PM Al Baraka Bank-Egypt sees higher profits in 2024; dividends unveiled

Cairo – Mubasher: Al Baraka Bank-Egypt posted consolidated net profits valued at EGP 3 billion in 2024, compared to EGP 2.21 billion. Net income from funds climbed to EGP 5.99 billion last year from EGP 4.37 billion in 2023, according to the …

Financial Results

13 January 2025 09:08 AM MAFI’s new industrial complex targets global markets; major banking alliance leads financing

Cairo - Mubasher: MAFI Agricultural Produce Industries secured long-term joint financing of $108 million from an alliance led by Banque Misr, Suez Canal Bank and Al Baraka Bank-Egypt. MAFI also obtained $72 million through equity investments from …

Companies Investments

2 January 2025 05:28 PM EFG Hermes concludes advisory on CIRA university’s EGP 500m bond issue; listed banks included

Cairo – Mubasher: The investment banking division of EFG Hermes, an EFG Holding company, has completed advisory on a future cash flow securitisation issue for Badr University in Assiut (BUA), one of Cairo For Investment And Real Estate …

Bonds

26 November 2024 03:40 PM Al Baraka Bank-Egypt launches mobile banking app to enhance services

Cairo – Mubasher: Al Baraka Bank-Egypt has launched its new mobile banking application as part of its 2023–2025 strategy, according to a press release. The lender provided a comprehensive upgrade to its Internet banking service, focusing on both …

Banking and Finance

13 November 2024 00:17 PM Al Baraka Bank-Egypt registers EGP 2.2bn consolidated profits in 9M-24

Cairo – Mubasher: Al Baraka Bank-Egypt generated EGP 2.21 billion in consolidated net profit during the first nine months (9M) of 2024, higher than EGP 1.60 billion in 9M-23, according to the financial results. The lender posted net income from …

Financial Results

28 October 2024 11:28 AM Al Baraka enhances operations in Egypt, Turkey via new platform

Mubasher: Bahrain-based Islamic financial and investment solutions provider Al Baraka Group expanded its trade finance platform to cover customers of its two banking units; Al Baraka Bank-Egypt and Al Baraka Bank Turkey. The platform will allow …

Banking and Finance

15 August 2024 08:35 AM Al Baraka Bank-Egypt records leap in H1-24 financials; assets hit EGP 124.5bn

Cairo – Mubasher: Al Baraka Bank-Egypt posted consolidated net profits after tax worth EGP 1.33 billion in the first half (H1) of 2024, an annual surge from EGP 777.84 million. Net interest income reached EGP 2.85 billion in H1-24, up year-on-year …

Financial Results

1 July 2024 03:59 PM Al Baraka Bank-Egypt provides Raya Information Technology with EGP 550m credit facilities

Cairo – Mubasher: Al Baraka Bank-Egypt has signed a cooperation agreement with Raya Information Technology Company, a subsidiary of Raya Holding Company for Financial Investments, for credit facilities of up to EGP 550 million or its equivalent in …

Companies Investments

14 May 2024 04:10 PM Al Baraka Group launches portal to boost Egyptian, Pakistani cooperation

Mubasher: Al Baraka Banking Group (ABG), listed on Bahrain Bourse and the Egyptian Exchange (EGX), has launched an inter-franchise collaboration portal to enhance business opportunities for customers in Egypt and Pakistan. The partnership …

Banking and Finance

14 May 2024 02:59 PM Al Baraka Bank-Egypt’s consolidated profits jump to EGP 553m in Q1-24

Cairo – Mubasher: Al Baraka Bank-Egypt recorded a consolidated net profit after tax of EGP 553.27 million in the first quarter (Q1) of 2024, up from EGP 445.68 million in the similar period a year earlier. Customers’ deposits grew to EGP 94.03 …

Financial Results

1 April 2024 11:06 AM Al Baraka Bank-Egypt’s shareholders approve non-distribution of dividends

Cairo – Mubasher: Al Baraka Bank-Egypt’s ordinary general meeting (OGM) has approved not to distribute cash dividends for 2023. The decision followed an amended proposal from the bank’s board on 21 March 2024 not to distribute dividends, according …

Banking and Finance

19 February 2024 00:11 PM Al Baraka Bank-Egypt records EGP 2.2bn consolidated profit in 2023; dividends proposed

Cairo – Mubasher: Al Baraka Bank-Egypt posted a consolidated net profit after tax of EGP 2.21 billion in 2023, up from EGP 1.74 billion a year earlier. Customers’ deposits rose to EGP 84.92 billion in 2023 from EGP 74.31 billion in 2022, according …

Cash Dividends

12 February 2024 03:37 PM Al Baraka Bank, Mastercard to reinforce digital payments in Egypt

Cairo – Mubasher: Al Baraka Bank-Egypt teamed up with Mastercard to introduce a range of premium consumer, commercial, as well as small and Medium-sized Enterprises (SMEs) products in Egypt. The partnership aims to meet the needs of individuals in …

Banking and Finance

14 November 2023 03:15 PM Al Baraka Bank-Egypt’s consolidated profits hike to EGP 1.6bn in 9M-23

Cairo – Mubasher: Al Baraka Bank-Egypt achieved consolidated net profits after tax worth EGP 1.60 billion in the first nine months (9M) of 2023, up year-on-year (YoY) from EGP 584.67 million. Net interest income hiked to EGP 3.23 billion during …

Banking and Finance

13 September 2023 08:49 AM Al Baraka Bank-Egypt launches new branch in Damietta

Cairo – Mubasher: Al Baraka Bank-Egypt inaugurated a new branch in Damietta Governorate to expand its presence in the Delta governorates, according to a press release. The launch aligns with the lender’s strategy to expand its footprint and meet …

Banking and Finance

20 August 2023 04:18 PM Al Baraka Bank-Egypt injects EGP 300m financing for Kharafi National

Cairo – Mubasher: Al Baraka Bank-Egypt has participated in joint Islamic financing for Kharafi National Company with a value of EGP 300 million, according to a press release. This comes within the framework of the bank's strategy to back the …

Banking and Finance

16 August 2023 03:58 PM Al Baraka Bank-Egypt’s profits exceed EGP 1bn in H1-23

Cairo – Mubasher: The consolidated net profits attributable to the owners of Al Baraka Bank-Egypt hiked to EGP 1.01 billion in the first half (H1) of 2023 from EGP 783.11 million a year earlier. The net income from funds amounted to EGP 2.18 …

Banking and Finance

1 August 2023 04:58 PM Al Baraka Bank-Egypt opens new branch in Ismailia

Cairo – Mubasher: Al Baraka Bank-Egypt launched its latest branch in Ismailia Governorate, in the presence of its CEO and Vice Chairman, Hazem Hegazy, along with top executives from the bank, according to a press release. Meanwhile, the EGX-listed …

Banking and Finance

16 May 2023 09:05 AM Al Baraka Bank-Egypt records higher net profits in Q1-23

Cairo – Mubasher: The consolidated net profit after tax of Al Baraka Bank-Egypt hit EGP 445.68 million in the first quarter (Q1) of 2023, an annual surge from EGP 369.38 million, including minority interest. Net income from funds hiked to EGP 1.02 …

Banking and Finance

19 February 2023 02:51 PM Al Baraka Bank-Egypt’s 2022 consolidated profits hit EGP 1.74bn; dividends proposed

Cairo – Mubasher: Al Baraka Bank-Egypt generated EGP 1.74 billion in consolidated net profits after tax in 2022, compared to EGP 1.12 billion in 2021, including non-controlling equity. Earnings per share (EPS) stood at EGP 2.12 last year, higher …

Board of Directors

14 November 2022 11:51 AM Al Baraka Bank-Egypt’s profits grow 23% in 9M-22

Cairo – Mubasher: Al Baraka Bank-Egypt logged a 22.54% annual jump in its consolidated net profits at EGP 1.25 billion during the period from January to September 2022, compared to EGP 1.02 billion, including minority shareholders’ rights.   Basic …

Banking and Finance

27 September 2022 11:34 AM Elsewedy Electric secures EGP 2bn Islamic loan from 7 banks

Cairo – Mubasher: ADI Capital, the investment banking arm of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has successfully arranged combined Islamic financing worth EGP 2 billion for Elsewedy Electric Co's subsidiaries.  ADI Capital acted as the …

Banking and Finance

18 September 2022 10:55 AM Al Baraka Bank denies potential takeover of First Investment

Cairo – Mubasher: Al Baraka Bank-Egypt has denied the news reporting that it had submitted an offer to acquire First Investment and Real Estate Development, according to a bourse filing on Sunday. In a separate statement, First Investment said it …

Real estate

11 August 2022 00:37 PM Al Baraka Bank-Egypt posts 28% higher profit in H1-22

Cairo – Mubasher: Al Baraka Bank-Egypt’s consolidated net profits hiked by 27.9% year-on-year (YoY) during the first six months (6M) of the year, reaching EGP 783.11 million, compared to EGP 611.88 million. Earnings per share (EPS) came in at EGP …

Banking and Finance

16 May 2022 10:31 AM Al Baraka Bank-Egypt sees 37% higher profits in Q1-22

Cairo – Mubasher: The consolidated net profits of Al Baraka Bank-Egypt increased by 37% to EGP 369.38 million in the first quarter (Q1) of 2022, compared to EGP 269.31 million in the same period of 2021. The bank's net interest income amounted to …

Banking and Finance