Arab Bank Group reports 61% growth in net profits, 20% cash dividends – Roya News English

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.