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Al Baraka Egypt Bank plans to hike cap to $175.2 mln in 5 years

Posted on 03 September 2010

From Zawya Dow Jones: Al Baraka Egypt Bank , a unit of Bahrain’s Al Baraka Banking Group, plans to gradually hike its capital to 1 billion Egyptian pounds ($175.2 million) over the next five years, Saudi-based Al Riyadh daily reports Thursday, citing an executive.
This is an imperative in the light of the steady growth of the bank’s activities, Ashraf Al Ghamrawy, the bank’s vice chairman and chief executive, said according to the paper……………………………………….Full Article: Source

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