We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Sat 16 Jan 2010 12:14 PM

Font Size

- Aa +

Arab Bank to get dividend from Saudi affiliate

Bank's board proposes distribution of $0.27 per share dividend for last year.

Arab Bank to get dividend from Saudi affiliate
ARAB BANK: Arab Bank holds a 40 percent stake in ANB, or 260 million shares.(Getty Images)

Arab National Bank (ANB), the Saudi affiliate of Jordan's Arab Bank, said on Saturday its board has proposed the distribution of a 1 riyal ($0.27) per share dividend for last year.

Arab Bank holds a 40 percent stake in ANB, or 260 million shares.

Arab Bank posted a 25 percent fall in its net profit over the first nine months of 2009.  (Reuters)

Arabian Business: why we're going behind a paywall

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.