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UAE- Arab Bank's profit surges 43% in 2013
(MENAFN- Khaleej Times) Arab Bank Group reported record growth in 2013, with net operating income before provisions and taxes exceeding $1 billion, in spite of the challenging environment in the region.
The group's net profit after tax reached $501.9 million at the end of 2013, compared to $352.1 million at the end of 2012, showing a growth of 43 per cent. The Board of Directors has recommended distributing cash dividends of 30 per cent for the financial year ending December 2013 and one free share for each fifteen shares
The group's net profit after tax reached $501.9 million at the end of 2013, compared to $352.1 million at the end of 2012, showing a growth of 43 per cent. The Board of Directors has recommended distributing cash dividends of 30 per cent for the financial year ending December 2013 and one free share for each fifteen shares
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