Egypt's NSGB to pay cash dividend

Egypt's National Societe Generale Bank (NSGB), Egypt's fourth-biggest bank by assets, approved a dividend of E£1.25 ($0.2) per share, the stock exchange said yesterday.

The dividends will be paid starting April 22, the firm's statement to the stock exchange said. NSGB's 2009 net profit rose 4.1 per cent to £1.18 billion (Dh789.69m). In 2009, the bank paid a dividend of £0.9.