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Al Baraka eyes capital hike to expand Islamic financing

Al Baraka Bank Egypt, a joint-stock company, is seeking to increase its paid-up capital to EGP 1 billion (USD 140 million) by 2015 as part of its plans to participate in syndicated loans with banks such as Faisal Islamic Bank of Egypt and Abu Dhabi Islamic Bank (ADIB)-Egypt, the bank's…

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