Arab National Bank reported full-year 2024 net profit of SAR 4.96 billion, a 22 per cent increase on the prior year, the Saudi lender confirmed in results published on Wednesday.
BALANCE SHEET CROSSES SAR 248 BILLION
Total assets at Arab National Bank rose 12.1 per cent year-on-year to SAR 248.3 billion by the end of 2024.
Customer deposits grew 9.9 per cent year-on-year to SAR 182.2 billion.
H2 DIVIDEND
The bank's board approved a dividend for the second half of 2024 totalling SAR 1.29 billion, equivalent to 6.5 per cent of the bank's capital.
Arab National Bank is 40% owned by Jordan's Arab Bank and is listed on the Saudi Exchange.