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Local Development Bank Proposes Dividend Distribution of 107 Dinars to Its Shareholders

May 24, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Local Development Bank Proposes Dividend Distribution of 107 Dinars to Its Shareholders

The Local Development Bank recorded positive financial results during the fiscal year 2025, as the Board of Directors proposed a dividend distribution of 107 Dinars per share, following a net profit of 27.3 billion Dinars, an increase of 19.16 percent compared to the previous year, reflecting improved profitability levels and the continued upward performance of the banking institution. According to a statement from the Local Development Bank, which 'Echorouk' received a copy of, the bank's Board of Directors held its meeting on May 16, 2026, chaired by the Chairman of the Board, to study and approve the social accounts for the fiscal year ending December 31, 2025, where the recorded results showed the bank's continued achievement of positive financial and commercial performances that reflect the strength...

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