Societe Arabe Internationale De Banque’s (SAIB) ordinary general meeting (OGM) has decided to pay cash dividends of $0.5 per share to shareholders for 2023, as per a filing on March 28th.

It is worth mentioning that the bank’s net profits after tax increased 3% year-on-year (YoY) in 2023, hitting $31.156 million from $30.155 million a year earlier.

Established in 1976, SAIB Bank is engaged in the provision of retail, corporate, and investment banking products and services through a network of branches located across Egypt and abroad. It also offers Islamic banking products and solutions through its branches.