Latest news with #ArabNationalBank
Zawya
28-04-2025
- Business
- Zawya
Saudi: ANB's net profits up 5.5% in Q1-25
Riyadh – Arab National Bank (ANB) posted net profits amounting to SAR 1.30 billion in the first quarter (Q1) of 2025, an annual growth of 5.50% from SAR 1.23 billion. Earnings per share (EPS) stood at SAR 0.65 as of 31 March 2025, up year-on-year (YoY) from SAR 0.62, according to the financial results. Assets hiked by 13.64% YoY to SAR 264.65 billion in Q1-25 from SAR 232.88 billion, while the investments grew by 8.16% YoY to SAR 52.31 billion from SAR 48.36 billion. The clients' deposits hit SAR 195.61 billion in Q1-25, higher by 12.07% than SAR 174.54 billion in the first three months (3M) of 2024. Quarterly, the Q1-25 net profits rose by 3.73% from the SAR 1.25 billion generated in Q4-24. At the end of 2024, the lender's profits enlarged by 21.98% YoY to SAR 4.96 billion from SAR 4.07 billion. Source: Mubasher
Asharq Al-Awsat
23-04-2025
- Business
- Asharq Al-Awsat
Saudi Social Development Bank Surpasses $43.2 Billion in Total Financing
The Saudi Social Development Bank has announced that its total financing since inception has exceeded SAR162 billion (USD43.2 billion), benefiting more than 10 million citizens and playing a vital role in the Kingdom's social and economic transformation. The announcement was made by Minister of Human Resources and Social Development and Chairman of the Bank's Board, Eng. Ahmed Al-Rajhi, during the bank's 53rd anniversary celebration held on Monday in Riyadh. The event was held under the patronage and in the presence of Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region, and marked the launch of the 'Jada 30' initiative. Prince Faisal commended the bank's achievements over the past five decades, highlighting its impact in empowering citizens and advancing national development goals in line with Saudi Vision 2030. In turn, Al-Rajhi emphasized the bank's ongoing commitment to supporting development pathways and empowering individuals and communities. He reaffirmed the bank's role as a key driver of financial and social inclusion across the Kingdom. As part of the celebration, the bank unveiled 'Jada 30,' a new initiative designed to foster entrepreneurship and support small and emerging businesses. Bank CEO Eng. Sultan bin Abdulaziz Al-Humaidi described it as a strategic leap forward in enhancing the entrepreneurial environment. 'Jada 30' transforms traditional bank branches into dynamic development hubs and business incubators, aimed at nurturing a vibrant entrepreneurial ecosystem. The initiative provides a comprehensive range of services - including financing, training, and mentorship - to help entrepreneurs launch and scale their businesses. Since its launch, 'Jada 30' has hosted in Riyadh more than 300 startups and supported over 5,800 participants, underscoring its tangible impact on youth empowerment and the promotion of a self-employment culture. The event also witnessed the signing of several key development agreements, including a partnership with the General Authority for Awqaf and the Charitable Associations Support Fund to establish a SAR50 million financing portfolio to boost the nonprofit sector. Further, the bank signed two agreements with Arab National Bank and Banque Saudi Fransi to create a combined SAR100 million in financing portfolios aimed at supporting entrepreneurs and emerging enterprises. Additional agreements were inked with Alinma Bank and Arab National Bank to launch a new Freelance Work Card, offering freelancers greater access to banking services and financing options.
Yahoo
23-04-2025
- Business
- Yahoo
Middle Eastern Dividend Stocks Arab National Bank And 2 More
As Gulf markets experience gains driven by robust corporate earnings, lingering concerns over tariffs and U.S. monetary policy continue to cast shadows on the economic landscape. In this environment, dividend stocks offer investors a potential avenue for stability and income, with Arab National Bank among those standing out in the Middle Eastern market. Name Dividend Yield Dividend Rating Emaar Properties PJSC (DFM:EMAAR) 8.10% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 6.66% ★★★★★☆ Arab National Bank (SASE:1080) 5.80% ★★★★★☆ Saudi National Bank (SASE:1180) 5.67% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 7.76% ★★★★★☆ Riyad Bank (SASE:1010) 5.82% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 5.80% ★★★★★☆ Emirates NBD Bank PJSC (DFM:EMIRATESNBD) 5.03% ★★★★★☆ Saudi Telecom (SASE:7010) 9.10% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 6.60% ★★★★★☆ Click here to see the full list of 64 stocks from our Top Middle Eastern Dividend Stocks screener. Here's a peek at a few of the choices from the screener. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Arab National Bank offers a range of banking products and services across Saudi Arabia, other GCC countries, the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally with a market cap of SAR44.36 billion. Operations: Arab National Bank's revenue is primarily derived from Corporate Banking (SAR6.61 billion), Retail Banking (SAR2.00 billion), Treasury (SAR350.66 million), and Investment and Brokerage Services (SAR480.10 million). Dividend Yield: 5.8% Arab National Bank offers a competitive dividend yield of 5.8%, placing it in the top 25% of dividend payers in the Saudi Arabian market. Despite its attractive yield, the bank's dividend history is marked by volatility, with past payments showing instability. However, its current payout ratio of 52.4% suggests dividends are well-covered by earnings, and this coverage is projected to remain stable over the next three years. The bank's price-to-earnings ratio of 9x indicates potential value compared to the broader market average. Recent meetings have authorized interim dividends for fiscal year 2025, highlighting ongoing shareholder returns focus despite historical inconsistencies in payment stability. Get an in-depth perspective on Arab National Bank's performance by reading our dividend report here. Our comprehensive valuation report raises the possibility that Arab National Bank is priced higher than what may be justified by its financials. Simply Wall St Dividend Rating: ★★★★★☆ Overview: The Saudi National Bank, with a market cap of SAR207.48 billion, operates through its subsidiaries to offer banking and investment management services both in the Kingdom of Saudi Arabia and internationally. Operations: The Saudi National Bank generates revenue through various segments, including Retail (SAR15.67 billion), Wholesale (SAR15.42 billion), International (SAR1.65 billion), and Capital Market (SAR2.28 billion). Dividend Yield: 5.7% Saudi National Bank's dividend yield of 5.67% ranks it among the top 25% in the Saudi Arabian market. Despite this, its dividend history has been unreliable and volatile over the past decade, though recent earnings growth suggests improved stability. The bank maintains a reasonable payout ratio of 55.3%, indicating dividends are currently covered by earnings and forecasted to remain so in three years. Recent earnings reports show strong performance with net income rising to SAR 6 billion for Q1 2025. Take a closer look at Saudi National Bank's potential here in our dividend report. Our comprehensive valuation report raises the possibility that Saudi National Bank is priced lower than what may be justified by its financials. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Arad Ltd. designs, develops, manufactures, and sells water systems both in Israel and internationally, with a market cap of ₪1.34 billion. Operations: Arad Ltd. generates revenue from its Electronic Test & Measurement Instruments segment, amounting to $394.04 million. Dividend Yield: 3.3% Arad's dividend history reveals volatility and unreliability over the past decade, despite recent growth. Trading at 51.9% below estimated fair value, its dividends are covered by earnings (49.4% payout ratio) and cash flows (54.5% cash payout ratio). The yield of 3.31% is low compared to top dividend payers in the IL market. Recent earnings show sales increased to US$394.04 million for 2024, though net income fell to US$24.29 million from the previous year. Navigate through the intricacies of Arad with our comprehensive dividend report here. According our valuation report, there's an indication that Arad's share price might be on the cheaper side. Investigate our full lineup of 64 Top Middle Eastern Dividend Stocks right here. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SASE:1080 SASE:1180 and TASE:ARD. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
13-03-2025
- Business
- Yahoo
Arab National Bank deploys IBM platform to combat fraud
Arab National Bank (anb) has partnered with IBM and ejada to enhance its fraud protection measures, adopting IBM Safer Payments to provide cross-channel security for its customers. This move aligns with the Saudi Central Bank's (SAMA) requirements for improved enterprise-wide fraud monitoring. ejada Systems, an IT service provider in the Middle East and Africa, facilitated the integration of IBM Safer Payments across anb's digital platforms. This has enabled the bank to consolidate customer behaviour insights and bolster the effectiveness of its fraud protection strategies. IBM Safer Payments ensures that the bank's clients are protected from fraudulent activities without hindering legitimate transactions. The AI-driven system provides custom decision models for more accurate fraud detection, reducing reliance on vendors and data scientists. This agility is bolstered by analytics and simulation tools that allow anb to proactively adapt to emerging fraud risks. IBM Saudi Arabia general manager Fahad Alanazi said: 'At IBM, we believe in harnessing data intelligence and advanced technologies to drive profound impact on businesses and communities. 'As digital and cyber threats grow in an increasingly connected world, our collaboration with anb exemplifies our commitment to empowering organisations with secure, cutting-edge solutions.' The implementation of IBM Safer Payments at anb is a response to the escalating costs associated with data breaches in the Middle East, as reported by IBM's 2024 Cost of a Data Breach Report. The report highlights a 10% rise in breach costs, reaching an average of SAR32.8m ($8.7m). anb chief information officer Naif Al-Harbi said: 'Our customers' trust in us is key to our success. We put security front and center so our clients can rest assured that their money and personal information are well-protected. 'IBM Safer Payments allows us to protect our clients' financial and personal data in real-time while maintaining the quality of their experience.' Last month, Saudi Arabia-based Alinma Bank partnered with IBM to launch an API marketplace using the tech provider's0020hybrid cloud and AI integration. "Arab National Bank deploys IBM platform to combat fraud" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Argaam
05-02-2025
- Business
- Argaam
JAZADCO secures SAR 15M credit facilities from ANB
Jazan Development and Investment Co. (JAZADCO) signed Shariah-compliant credit facilities worth SAR 15 million with Arab National Bank (ANB), according to a Tadawul statement. The credit facilities were obtained today, Feb. 5, with a duration of nine months from the loan withdrawal date. The facilities will be used to finance the direct purchase of materials, tools, equipment, pools, and inventory for aquaculture and agricultural activities to support operations based on an acceptable invoice copy for the bank, the statement added. The financing is secured by a promissory note and a mortgage, the statement said, adding that no related parties are involved in the deal.
