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Wednesday, 1 June 2016

Barclays-Egypt to distribute dividends in EGP, continues to expand in Egypt

Barclays-Egypt is going to distribute EGP 295 mn in dividends, the bank’s executive board member Mohamed Sherif said, according to Al Mal. The dividends will be distributed in EGP, and Sherif expects it will be reinvested domestically. He added that the decision came despite the plans by Barclays to exit its Egyptian operations, with the bank’s acting head of retail telling Al Masry Al Youm that Barclays-Egypt is still continuing its expansion plans domestically.

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