Arab Bank PLC (ARBK)

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News

22 April 2021 02:48 PM Egypt's largest solar plant secures $114m funding

Cairo – Mubasher: The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund (GCF), and Arab Bank signed a financing package …

Banking and Finance

31 March 2018 07:09 PM Arab Bank’s OGM approves 40% dividends

Mubasher: The ordinary general meeting (OGM) of Arab Bank has approved the distribution of cash dividends for fiscal year 2017 at 40%. The bank achieved a strong performance last year despite the challenges and the regional geopolitical risks, …

General Assembly

7 December 2016 00:56 PM Saudi Oger 20% stake in Arab Bank to be sold

Mubasher: Arab Bank’s chairman along with a number of investors offered a bid to buy the 20% stake of Saudi Oger in the bank. Sabih Al Masri, the bank’s chairman, added that the company has agreed on selling the stake and he, with a number of …

Companies Investments

30 October 2016 04:45 PM Arab Bank profits rise in Q3

Mubasher: Arab Bank reported a 0.42% increase in profits in the third quarter of 2016, to $193 million from $192.2 million in the same quarter of 2015, according to a bourse filing. Profits also grew 0.46% and reached $617.9 million in the first …

Financial Results

13 July 2016 01:18 PM Arabtec, TAV secure BHD 107m from Dubai’s Mashreq

Dubai – Mubasher: Dubai’s Mashreq Bank concluded a credit facility agreement worth BHD 107 million (AED 1.03 million) with the joint venture including UAE’s Arabtec and Turkey’s TAV, according to the bank’s press release. The loan will be …

Banking and Finance

3 April 2016 00:17 PM Arab Bank’s shareholders approve 25% cash dividends

Mubasher: The ordinary general meeting (OGM) of Jordan’s Arab Bank approved on Sunday cash dividends at 25% of the share’s par value (250 fils per share) for the fiscal year 2015, according to a bourse filing. The OGM earlier agreed to distribute …

General Assembly

16 March 2016 01:24 PM Fitch revises Jordan Islamic Bank, Bank of Jordan's outlooks

Mubasher: Fitch Ratings revised on Wednesday outlooks for Jordan Islamic Bank (JIB) and Bank of Jordan (BOJ) to Negative from Stable. Meanwhile, the rating agency affirmed the two banks’ long-term issuer default ratings (IDRs) at 'BB-'. Fitch has …

Ratings

25 October 2015 11:33 AM Arab Bank posts slight rise in 9M profit

Mubasher: Jordan’s Arab Bank recorded profit of JOD 615,140 (about $864,760) for the first nine months of 2015, the bank announced Sunday in a statement published on the official website of the Jordanian stock market. The Amman-listed bank said …

Financial Results

3 May 2015 01:03 PM RAK Hospitality signs AED 880m financing deal for 4 hotels

Abu Dhabi – Mubasher: RAK Hospitality Holding announced Sunday that it concluded an AED 880 million debt transaction with respect to its four internationally-branded hotels, which are held by its subsidiary, RAK National Hotels, according to the …

Company News

22 April 2015 06:12 PM Arab Bank posts $217 million in Q1

Amman-Mubasher: Arab Bank Group reported a net profit of $217.2 million during the first quarter of 2015, compared to $216.3 million in the same quarter of 2014, according to a filing to Amman Stock Exchange.The statement showed a growth in Q1-15 …

Financial Results

29 March 2015 00:39 PM Arab Bank approves 12% dividends

Amman-Mubasher: Arab Bank shareholders approved a dividend representing 12% of the capital and a 12.5% stock dividend (2 shares for every 16 shares).The bank reported a profit rise of 15% to $577.2 million in 2014, compared to $501.9 million in …

Company News

1 February 2015 01:13 PM Arab Bank recommends 12% cash dividend

Arab Bank announced in a bourse filing to the Amman Stock Exchange (ASE) that the Board of Directors has recommended cash dividend of 12% and bonus shares of 12.5% (2 shares for every 16 shares held).Arab Bank announced today its financial …

Financial Results

1 February 2015 01:02 PM Arab Bank FY14 profit rises to $577m

Arab Bank announced today its financial statements to the Amman Stock Exchange (ASE) for the fiscal year (FY) ending December 31, 2014, reporting a net profit rise by 15% to $577.2 million against $501.9 million in the corresponding period of …

Financial Results

20 January 2015 00:04 PM Arab Bank opens 2 new branches in Egypt

Arab Bank announced in a statement the opening of two new branches in Egypt, the first in Cairo Festival City in New Cairo, and the second in downtown Alexandria.The Bank added that this step is …

Company News

25 November 2014 01:08 PM Dubai Festival City to raise $1.1 bn loan – sources

Al Futtaim Group’s Dubai Festival City (DFC) is said to to be in the process of raising an AED 3.9 billion ($1.06 billion) decade-long loan facility from six banks, Reuters reported citing two sources with knowledge of the matter but …

Banking and Finance

18 November 2014 04:15 PM S&P revises 2 Jordanian banks’ ratings, upgrades to stable

Standard & Poor's (S&P) Ratings Services revised its outlook on Jordan-based Arab Bank (AB) and Jordan Islamic Bank (JIB) from negative to stable, affirming its long-and short-term counterparty ratings on both banks at …

Company News

27 October 2014 05:09 PM ASE gains 0.72% backed by three sectors

The shares price index of Amman Stock Exchange (ASE) closed on Monday at 2110.46 points, rising by 0.72% or 15.09 points. Trading volume reached 7.1 million shares, at a turnover of JOD 5.9 million, traded …

Trading Activities

26 October 2014 01:08 PM Jordan’s Arab Bank net profit grows 10% in 9M

Jordan’s Arab Bank said on Saturday that its net profit amounted to $614 million compared to 2013, gaining 10% in the first nine months. This rise is attributed to its diversified portfolio and growth in main markets as …

Banking and Finance

24 September 2014 10:39 AM Arab Bank has enough reserves and cash liquidity – CBJ

Central Bank of Jordan assured that it is following up the case filed against Arab Bank in New York, in which a primary rule subject to appeal has been issued.The central bank assured that the financial situation of Arab …

Central Banks

10 September 2014 00:04 PM Arab Bank denies financing Hamas

Chairman of Arab Bank PLC, Subaih Al-Masri, denied that the bank finances The Islamic Resistance Movement (Hamas) after he gave a testimony in a civil case on financing terrorism. The case accuses the bank of opening accounts for Hamas …

Banking and Finance

1 September 2014 05:38 PM Arab Bank best in banking services provider

Arab Bank PLC won an award for being the best provider of banking services for companies via internet in Jordan in 2014. The bank assured that winning this award depended on a set of standards including strategic power of attracting …

Banking and Finance

13 August 2014 11:19 AM No progress in the case filed in New York- Arab Bank

Arab Bank PLC assured that there is no significant progress achieved concerning the case filed against the bank in New York. All what was mentioned was starting the trial procedures before US judiciary. The bank added that there was a …

Law

11 August 2014 10:14 AM Arab Bank is the best online banking provider in Jordan

Global Finance Magazine awarded Arab Bank PLC for the best banking provider through internet in Jordan for the sixth straight year due to its perfect services online. The bank said that this award is granted according to set of standards …

Banking and Finance