Arab Finance: Societe Arabe Internationale de Banque’s (SAIB) net profit after tax rose 118% year-on-year (YoY) during the first nine months of 2024, according to the financial statements filed to the Egyptian Exchange (EGX) on November 10th.
The company’s net profit after tax increased to EGP 1.282 billion in January-September from EGP 588.247 million in the same period a year earlier.
Established in 1976, SAIB Bank is engaged in the provision of retail, corporate, and investment banking products and services through a network of 21 branches located across Egypt and abroad. It also offers Islamic banking products and solutions through its branches.