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