The ordinary general meeting of the Export Development Bank of Egypt (EBE) approved a cash dividend distribution of EGP 272.8 million, or EGP 1 per share, for fiscal year 2018/2019.

An amount of EGP 99.15 million will be distributed to employees as a profit share, while EGP 1.28 million will be retained, the bank said in a statement to the Egyptian Exchange (EGX) on Thursday.
During FY18/19, the Egyptian lender logged a net profit of EGP 1.11 billion, up from EGP 790.3 million in the prior fiscal year.

-Mubasher