Al Baraka Bank has been operating in Egypt for over 44 years, with a network of 36 branches and 1,282 people. The Bahrain-based Al Baraka Banking Group is the major shareholder of Al Baraka Bank Egypt, with a 73.68% stake. In 2023, the bank’s net profit grew by 26.8% to $46 million. In December 2023, the bank signed a $50 million Murabaha finance agreement with IFC to finance and support small and medium-sized enterprises in Egypt.