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Arab Bank’s OGM approves 40% dividends

Arab Bank’s OGM approves 40% dividends
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Arab Bank
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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, with operating profits reaching $1.197 billion, according to Chairman Sobaieh Al-Masry.

Net profits grew 8% to $533 million compared to $532.7 million in the year before.