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ArabFinance: Al Baraka Bank (SAUD) announced, in a statement sent to EGX, the audited financial results for the financial year 2019.
The company posted consolidated net profits of EGP 1,070,792,490, compared to net profits of EGP 1,003,637,505 in the same period a year ago, taking into account the minority rights.
Moreover, it posted standalone net profits of EGP 1,053,837,585, compared to net profits of EGP 1,003,637,505in the same period last year.
It is worth mentioning that the board proposed profit distribution attributable to shareholders of EGP 463.9 million.
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