The board of Jordan’s Arab Bank Group has recommended a 40 percent cash dividend for 2025 after earnings rose 12 percent year on year. The board had recommendedThe board of Jordan’s Arab Bank Group has recommended a 40 percent cash dividend for 2025 after earnings rose 12 percent year on year. The board had recommended
Arab Bank board proposes 40% cash dividend for 2025
The board of Jordan’s Arab Bank Group has recommended a 40 percent cash dividend for 2025 after earnings rose 12 percent year on year.
The board had recommended the same dividend percentage for 2024.
Net profit reached $1.1 billion last year, up from $1 billion in 2024, supported by growth across business segments and geographic markets.
Operating profit increased 6 percent annually to $3.6 billion, thanks to higher interest and non-interest income, the lender said in a statement.
Total assets rose 10 percent to $78.2 billion, while loans increased 8 percent to $41.2 billion. Customer deposits jumped 10 percent to $57.2 billion.
Arab Bank commenced operations in Iraq last year and sees potential growth in the market, bank chairman Sabih Masri said.
CEO Randa Sadik said the coverage ratio for non-performing loans exceeded 100 percent last year, as the bank maintained high liquidity, a loan-to-deposit ratio of 72 percent and a strong capital base.
Further reading:
- Debt issuance tipped to pick up speed across Mena
- Asian investors flock to Gulf debt in hunt for yield and growth
- Jordan repays $1bn eurobonds to cut borrowing costs
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