Faisal Islamic Bank 2010 profit doubles

CAIRO, April 7 Thu Apr 7, 2011 7:40am EDT

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CAIRO, April 7 (Reuters) - Faisal Islamic Bank of Egypt's stand-alone 2010 net profit more than doubled to 338 million Egyptian pounds ($57 million), it said in a statement in Al Ahram newspaper on Thursday.

The bank (FAIT.CA) said its dividend was raised 23 percent to 2.032 pounds. [ID:nLDE62R057]

Its shares were up 0.3 percent to 22.00 pounds, while Egypt's benchmark share index .EGX30 was down 1.2 percent. (Reporting by Sarah Mikhail; Editing by Dan Lalor) ($1 = 5.965 Egyptian pounds)

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