Latest news with #Sadik
Zawya
28-04-2025
- Business
- Zawya
Jordan: Arab Bank Group says profits grow by 7% to $271mln for Q1 2025
AMMAN — The Arab Bank Group reported 'solid' results for the first quarter of 2025, with 7 per cent increase in net income after tax reaching $ 271 million as compared to $252.8 million for the same period last year. The bank said in a statement to The Jordan Times that it 'maintained its strong capital base with a total equity of $ 12.1 billion.' 'The group's Assets grew by 6 per cent to reach $ 72.7 billion, loans grew by 5 per cent to reach $ 39.1 billion, and deposits grew by 7 per cent to reach $ 53.2 billion,' the statement said. Sabih Masri, Chairman of the Board of Directors, was quoted in the statement as saying that 'Arab Bank's first-quarter 2025 results were strong despite the global economic conditions and geopolitical developments. He attributed the bank's robust performance to its diversified and agile business model, underpinned by a broad regional footprint—particularly across the GCC region.' Masri underlined the bank's strong capital position, high-quality assets, ample liquidity, and prudent risk management framework as key pillars supporting its efficient operating model. Randa Sadik, chief executive officer, said that 'Arab Bank delivered robust results during the first quarter 2025, as a result of the bank's resilience and its ability to deliver consistent performance while maintaining the strength of its balance sheet.' 'The bank's revenues grew by 4 per cent driven by sustainable growth in its business,' she said. Sadik added that the group's liquidity and asset quality remain 'solid' where loan-to-deposit ratio stood at 74 per cent and credit provisions held against non-performing loans continue to exceed 100per cent. Arab Bank Group maintains a strong capital base that is predominantly composed of common equity with a capital adequacy ratio of 17.2 per cent. Sadik commented on the bank's significant strides in digital transformation and innovation, aimed at enhancing customer experience and delivering value to shareholders. 'These strides underscore the Group's commitment to staying at the forefront of digital innovation in the financial sector.' © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Roya News
28-04-2025
- Business
- Roya News
Arab Bank Group profits grow by 7% to $271 million for first quarter of 2025
Arab Bank Group reported solid results for the first quarter of 2025, with a 7% increase in net income after tax reaching USD 271 million as compared to USD 252.8 million for the same period last year. The Group maintained its strong capital base with a total equity of USD 12.1 billion. The Group's Assets grew by 6 percent to reach USD 72.7 billion, loans grew by 5 percent to reach USD 39.1 billion, and deposits grew by 7 percent to reach USD 53.2 billion. Mr. Sabih Masri, Chairman of the Board of Directors, stated that Arab Bank's first-quarter 2025 results were strong despite the global economic conditions and geopolitical developments. He attributed the bank's robust performance to its diversified and agile business model, underpinned by a broad regional footprint—particularly across the GCC region. Mr. Masri underscored the bank's strong capital position, high-quality assets, ample liquidity, and prudent risk management framework as key pillars supporting its efficient operating model. Mr. Masri reiterated his trust in the bank's ability to continue delivering good and sustainable returns to shareholders, citing its forward-looking vision and well-integrated institutional strategy. Ms. Randa Sadik, Chief Executive Officer, stated that Arab Bank delivered robust results during the first quarter 2025, as a result of the bank's resilience and its ability to deliver consistent performance while maintaining the strength of its balance sheet. The bank's revenues grew by 4 percent driven by sustainable growth in its business. Ms. Sadik added that the Group's liquidity and asset quality remain solid where loan-to-deposit ratio stood at 74 percent and credit provisions held against non-performing loans continue to exceed 100 percent. Arab Bank Group maintains a strong capital base that is predominantly composed of common equity with a capital adequacy ratio of 17.2 percent. Ms. Sadik commented on the bank's significant strides in digital transformation and innovation, aimed at enhancing customer experience and delivering value to shareholders. These strides underscore the Group's commitment to staying at the forefront of digital innovation in the financial sector.
Morocco World
24-02-2025
- Sport
- Morocco World
Omar Sadik Targeted with Vile Racist Slur in Spanish League
Espanyol has thrown its full weight behind the Moroccan striker Omar Sadik after the player was subjected to disgusting racist abuse during Sunday's game against Europa at Nou Sardenya. The heated derby, which ended in a 2-1 win for Espanyol B, was blighted by racist chants hurled from a section of Europa supporters, targeting the young forward. According to the referee's official report, the disgusting incident took place in the 86th minute when Sadik reported being called a 'puto moro' by a Europa fan in the stands. El RCD Espanyol condemna, com sempre, qualsevol mostra de racisme als camps de futbol. Tot el nostre suport a Omar Sadik. Que un grup reduït d'aficionats no embruti la imatge de l'afició del @CEEuropa. Tolerància zero amb el racisme, tant als camps de futbol com a la nostra… — RCD Espanyol Futbol Base – Dani Jarque | La21 (@RCDE_La21) February 23, 2025 The referee wrote: 'In the 86th minute, we activated the first phase of the racism protocol because Espanyol's B forward, Omar Sadik, told me he had been called 'f***ing Moroccan' by someone in the stands. The individual was identified by their clothing, scarves, and flags, although the refereeing team did not personally hear the slur.' Following the incident, Espanyol wasted no time standing by their player, blasting racism and offering their unwavering support to Sadik through an official statement on X/Twitter. 'Espanyol condemns, as always, any display of racism on football racism pitches. We fully support Omar Sadik. A group of fans should not tarnish the image of Europa supporters. Zero tolerance of racism – both on football pitches and in our society.' Last week, Maroan Sannadi was the victim of vile racist abuse during today's 1-1 draw against Espanyol at the RCDE Stadium. Eyewitnesses say a section of the crowd shouted 'puto moro' (f***ing Moroccan) at Athletico Bilbao's striker after he won a corner. Referee Guillermo Cuadra Fernandez stopped play for three minutes, and an anti-racism message was played over the stadium speakers. Abuse towards international players only adds to growing concerns about racism in La Liga. The Spanish federation feels the heat and is seriously under mounting pressure to take serious action and prevent further abhorrent scenes. Tags: EspanyolOmar Sadikracism in spainracist slur
