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