ADIB Egypt reports 53pc profit

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Abu Dhabi

The Abu Dhabi Islamic Bank-Egypt (ADIB) announced in a statement sent to EGX, the Board of Directors was held on November 12. The company’s BoD approved unaudited financial results for the fiscal period ending September 2019, which revealed posting consolidated net profits of EGP 967.030 million, compared to profits of EGP 632.194 million in the same period a year ago, with a 53% profit increase.—Reuters