Arab National Bank - Saudi Arabia

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Recent Articles

• Arab Nat'l Bank Q3 profit inches up12 October 2009

  Saudi bank does not indicate any bad provisions linked to troubled Saad, Algogsaibi groups.

• EFG-Hermes sees value in Middle East banks7 October 2009

  UAE banking sector has seen sharp asset price deflation, but is in better shape than feared. 

• NBK cuts fair value estimates on 4 Saudi banks23 September 2009

  Downgrade in response to fears of weakening asset quality in banking sector.

• Arab Bank says H1 profit down 26%4 August 2009

  UPDATE 2: Jordan bank says exposure to Saudi's Saad and Algosaibi will not impact financial position.

• Saudi banks suffer end of year losses - ratings agency24 January 2009

  Banks cite reductions in fair values for investment portfolios as a reason for losses.

• Jordan's Arab Bank H1 net profit rises 25.8%26 July 2008

  Record income of $466mn on back of diversified income, Gulf projects.

• Limitless clinches $1.2bn Islamic loan9 March 2008

  Dubai-based developer secures Sharia-compliant deal as part of global funding and expansion plan.

• Saudi approves home loans company for poor29 December 2007

  SHL will provide loans compliant with Islamic law, state news agency SPA reports.

• Arab National profit misses forecasts7 October 2007

  Saudi Arabia's fifth-largest lender sees Q3 profit rise 2.9% to $162.1mn, falling short of analyst expectations.

• Saudi ANB drops acquisition plans22 May 2007

  Arab national bank will focus on growth in the domestic market.

• Saudi Arabian banks race to offer services online29 August 2000

  Kingdom's banks fear that they will lose high value customers if they do not offer Internet banking services.