Cairo – Mubasher: Export Development Bank of Egypt (EDBE) said its ordinary general meeting gave a nod to freeze the dividends distribution for the fiscal year 2015 – 2016 that amount to EGP 72 million.
The dividends freeze will aim to enhancing the bank’s capital requirements.
EDBE reported earlier net profits of EGP 354.4 million for the fiscal year 2015 – 2016, down from EGP 388.5 million a year earlier.
