Arab Bank Group reports 61% growth in net profits, 20% cash dividends – Roya News English
- Date: 01-Feb-2022
- Source: Roya News
- Sector:Financial Services
- Country:Middle East
Arab Bank Group reports 61% growth in net profits, 20% cash dividends – Roya News English
Arab Bank Group closed 2021 reporting net income after tax of $314.5 million as compared to $195.3 million in 2020, recording a growth of 61%. Group equity grew to reach $10.3 billion.
The Board of Directors has recommended to the shareholders the distribution of 20% cash dividends for the financial year 2021.
Arab Bank consolidated the financial statements of Oman Arab Bank under its Group accounts increasing total assets by $8.4 billion to reach $63.8 billion compared to $54.4 billion for the same period last year.