ArabFinance: Al Baraka Bank Egypt (SAUD) reported a consolidated net profit attributable to the parent of EGP 1.024 billion in the first nine months of 2021, compared to a profit of EGP 1.126 Billion in the prior-year period, according to the companys financial statements filed to the Egyptian Exchange (EGX).

On the other hand, standalone net profit of EGP 1.031 billion in the January-September period of 2021, compared to a profit of EGP 1.120 billion in the same period of 2020.

Al Baraka Bank is an Egypt-based commercial bank and part of Al Baraka Banking Group, a Bahraini joint-stock company.

The bank is engaged in the provision of retail, corporate, and investment banking solutions, in accordance with the Islamic sharia principles, through a network of 32 branches located across Egypt.

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