Tuesday, July 15, 2008

Egypt's investment bank Naeem pays dividend of one share for every three.

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Egypt's investment bank Naeem pays dividend of one share for every three. Egypt's investment bank Naeem Holding will pay a stock dividend of one share for every three shares held, according to the stock exchange website. The dividend will be paid on July 16, the same as the ex-dividend date. Established in 2005, Naeem Holding offers brokerage, portfolio and fund management, private equity, and corporate finance operations from its core offices in Saudi Arabia , Egypt , and the UAE. The bank said in December it was seeking investment opportunities in Saudi Arabia , Bahrain and Qatar as part of a regional expansion plan in 2008.

Abigail Hofman:

Bank deleveraging has barely started

Egypt's investment bank Naeem pays dividend of one share for every three.

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