ANB’s bottomline up 22% to SAR 5 bn in 2024

Tadawul–listed Arab National Bank (ANB) saw its net income rise 22% y-o-y in 2024 to SAR 5 bn, the bank said in a disclosure to Tadawul. ANB’s total income from financing grew 16.3% y-o-y at SAR 11.9 bn, while total income from investments increased 7.8% at SAR 2.6 bn. The growth was partially offset by higher salaries and employee expenses, depreciation and amortization.

ALSO- ANB is set to distribute SAR 1.3 bn in dividends for 2H 2024 at SAR 0.65 apiece, the bank said in a separate disclosure. Distribution is set for 19 February.