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SAIB's shareholders approve cash dividends for 2020

SAIB's shareholders approve cash dividends for 2020
SAIB logged net profits of $20.44 million in 2020

Cairo – Mubasher: The ordinary general meeting (OGM) of Societe Arabe Internationale de Banque (SAIB) approved the board’s proposal to distribute cash dividends for 2020, according to a bourse disclosure on Thursday.

Over the course of 2020, SAIB logged net profits of $20.44 million, up from $11.1 million a year earlier.

The bank’s interest income retreated to $399.2 million last year from $495.47 million in 2019.