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Arab Bank to get dividend from Saudi affiliate

Riyadh, January 16, 2010

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 per cent fall in its net profit over the first nine months of 2009.-Reuters




Tags: Saudi | Arab National Bank |

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