August 5, 2020

MFAI Jersey Limited raises stake in Faisal Islamic Bank

ArabFinance: Faisal Islamic Bank of Egypt (FAITA) stated that MFAI Jersey Limited raised its stake in the bank capital from 6.25% to 6.9%, according to the company's August 4th statement filed to the Egyptian Exchange.

MFAI purchased 474,537 shares at EGP 10.46 per each, with a total amount of EGP 4,963,657, moreover, it purchased 2,372,681 US dollar-based shares at $1.01 per each, with a total amount of $2,396,407.

Earlier, the bank announced distributing cash dividends of EGP 1.28332 per share on April 16th.

Faisal Islamic Bank of Egypt is a financial institution that offers banking and investment services in accordance to Islamic Sharia principles through its head office and 27 branches located across the country.


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