Amman – Daily Business
The Board of Directors of Arab Bank recommended to distribute a cash dividends for the Group’s business for the year 2023 amounting to 30% of the capital of 640.8 million JD.
The proposed dividend of 192.24 million JD is due to shareholders at the time of the next ordinary general assembly meeting.
According to a disclosure published by the bank on the ASE website, the bank achieved profits before tax and provisions amounting to $ 1217.1 million for the year 2023 compared to $ 821.3 million for the year 2022, an increase of 48.1 percent.
According to the data that is subject to the position of the Central Bank of Jordan the net profit was $829.6 million versus $544.3 million, a growth of 52 percent for the comparative period.
The group’s assets grew 6 percent to $68.3 billion, while the facilities portfolio increased 5 percent to $37.1 billion.
$1.217 billion Group Gross Profit
