Arab Finance: Unaudited business results indicators showed Arab International Banking Company (SAIB)For the financial period ending on September 30, 2024, achieving a net profit of $26.551 million compared to profits of $19.047 million during the comparative period of the previous fiscal year, with a change rate of 39%, according to For a statement Egyptian Stock Exchange.
For the period ending on 30/06/2024Achieving a net profit of $20,546 million compared to a net profit of $12,134 million for the same period of the previous year.
The bank was established in 1976. The bank practices all banking, financial and commercial investment activities and contributes to financing economic, industrial, real estate and agricultural projects, in addition to financing Egypt’s foreign trade. In addition to credit loans, the bank offers short and medium term facilities, as well as retail banking products.
The bank also accepts deposits and issues savings certificates in Egyptian pounds and foreign currencies, and undertakes securities-related business. Moreover, SAIB Bank, in addition to conventional banking services, provides Sharia-compliant products and services through its Islamic branch.
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