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Al Ahli Bank of Kuwait - Egypt achieves breakthrough Results for the Financial Year 2023 with Net Profit recording EGP 2.8 billion

Cairo, February 2024: Al Ahli Bank of Kuwait - Egypt announced record financial results for the fiscal year 2023, reporting a record increase in the Bank’s Net Profit by 67%, which stood at EGP 2.8 billion compared to EGP 1.7 billion in 2022. Net Operating Profit reached EGP 3.9 billion, representing an 82% year-on-year increase compared to EGP 2.2 billion in 2022. As for ABK-Egypt’s financial position, Total Assets stood at EGP 97.6 billion, recording a 29% growth compared to EGP 75.6 billion in December 2022.

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Al Ahli Bank of Kuwait – Egypt Signs a Cooperation Protocol with Galala University to fund 30 tuition fees scholarships

Cairo, January 2024: Al Ahli Bank of Kuwait-Egypt (ABK-Egypt) and Galala University (GU) signed a cooperation protocol to fund 30 tuition fees scholarships to support academically outstanding students. The beneficiary students are financially incapable and are selected in accordance with the admission criteria set out in the University's regulations for the academic year 2023/2024.

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