Cairo – Mubasher: Faisal Islamic Bank of Egypt’s board of directors on Wednesday recommended a cash dividend distribution of $0.08 (EGP 1.4) per share for 2017 profits.
The board has proposed cash dividends totaled EGP 520.2 million this year, against EGP 450 million at the end of the previous fiscal year, the bank highlighted in a filing to the Egyptian Exchange (EGX).
The board also decided to allocate EGP 335.5 million as a risk reserve for IFRS 9.
