Faisal Islamic Bank of Egypt approved a dividend of LE 1.646 ($0.299) per share for stocks issued in Egyptian pounds and $0.3 for stocks issued in dollars, the stock exchange said on Sunday.

The payment date will be April 18, the stock exchange said.

Faisal Islamic Bank of Egypt’s net profit rose 45 percent to LE 123.8 million in 2009 from LE 85.2 million a year earlier.