QNB Alahli came in second place with net profits of EGP 4.217bn, followed by Faisal Islamic Bank of Egypt
by EGP 1.376bn, Credit Agricole -- Egypt by EGP 1.3bn, then the Housing and Development Bank (HDB) by EGP 1.07bn.
Meanwhile, Faisal Islamic Bank of Egypt
- In EGP, Housing & Development Bank, and Faisal Islamic Bank of Egypt
- In US Dollars were top losers of the session by 8.30 percent, 7.14 percent, and 7.01 percent, respectively.
Aboumoussa, Governor of Faisal Islamic Bank of Egypt
& Deputy Chairman ofCIBAFI; Meliks[THORN]*ah Utku, General Manager of Al Baraka TE-rk Participation Bank and Chairman of the Participation Banks Association of Turkey; and HE Mehmet Ali Akben, Chairman, Banking Regulation and Supervision Agency, Turkey.
The event was opened by welcoming remarks of Abdelilah Belatik, secretary general, of Cibafi; Abdulhameed M Aboumoussa, governor of Faisal Islamic Bank of Egypt
& deputy chairman of Cibafi; MelikUNo[bar]ah Utku, general manager of Al Baraka Turk Participation Bank and chairman of the Participation Banks Association of Turkey; and Mehmet Ali Akben, chairman, Banking Regulation and Supervision Agency, Turkey.
Banque Misr, Arab African International Bank (AAIB), Commercial International Bank (CIB), Faisal Islamic Bank of Egypt
, Qatar National Bank Al Ahli (QNB Al Ahli) were the other five banks to sign a loan with state-run Upper Egypt Electricity Production Company (UEEPC), an affiliate of the Egyptian Electricity Holding Company.
Key shareholders of Naseej include Ithmaar Bank, Ithmaar Development Company, BBK, Gulf Finance House, Khaleeji Commercial Bank, Faisal Islamic Bank of Egypt
, Palm Capital, Social Insurance Organisation of the Kingdom of Bahrain, and Eskan Bank.
For instance, the government allowed Dar Al-Maal Al-Islami (DMI), headed by Prince Muhammed Al-Faisal, to establish the Faisal Islamic Bank of Egypt
, which since its establishment in the 1980s has been subject to a range of regulatory and management difficulties.
Shares of the Egyptian Financial and Industrial Company were down 10 per cent, to 16.17 pounds while Faisal Islamic Bank of Egypt
was down 8.53 per cent to 20.27 per cent.
29 March 2010 - Faisal Islamic Bank of Egypt
(CAI:FAITA) has cleared a dividend payout of EGP1.646 (USD0.30/EUR0.22) per share for equities issued in local currency and USD0.3 for shares issued in US dollars, Reuters said yesterday quoting the local bourse.
Mr Hussain currently serves on a number of boards including those of BBK, Faisal Private Bank (Switzerland), Faysal Bank Limited (Pakistan), Faisal Islamic Bank of Egypt
, First Leasing Bank, Solidarity, Naseej, Ithraa Capital (Saudi Arabia), Emerging Markets Partnership (Bahrain) and CITIC International Assets Management Limited (Hong Kong).
DMI's subsidiaries and associates include Ithmaar Bank (BSE:ITHMR), Islamic Investment Company of the Gulf (Bahamas) and Faisal Islamic Bank of Egypt