Arab National Bank (ANB) is close to completing a SR2 billion ($533.3 million) capital-boosting sukuk issue, sources familiar with the matter told Reuters on Tuesday.
Order books have closed for the transaction, which will enhance
Saudi Arabia's Arab National Bank has received regulatory approval to raise SR2 billion ($533.28 million) through sukuk which will enhance its supplementary capital, it said in a statement on Wednesday.
The kingdom's seven
Arab National Bank has signed a credit finance package worth SR2.6 billion ($692.8 million) with Huta Marine Works to finance the construction and development of the King Abdullah Port (KAP) project in Saudi Arabia.
The bank is the mand
Riyadh-based Arab National Bank (ANB) has installed the newest generation of HP Integrity Superdome 2 systems, which, when coupled with HP Mission Critical Partnership, ensure 24x7 service to the bank’s customers.
Saudi Hollandi Bank and Arab National Bank (ANB) made the highest quarterly provisions in 2009 for credit losses during the fourth quarter, stock exchange data showed on Saturday.
Saudi Hollandi, partly owned by Royal Bank of Scotland, boo
Arab National Bank's (ANB) net profit dropped 1.7 per cent to $656 million in 2007 compared to $668 million year earlier.
The bank’s earning per share reached $1.44 compared to $1.47 in 2006, ANB said in a statement.