send to a friend by email

Arab Islamic Bank (AIB) distributes %8 stocks from the capital.

2008-03-03

The board of directors of the bank convened its meeting to discuss the financial results and the executive management report for 2007, with the presidency of chief board Mr. Walid Al-Fakhoury. Many issues had been discussed during the meeting that is mentioned in the agenda; also Al-Fakhoury presented the remarkable results that the bank accomplished in 2007 within the assets and liabilities growth, and the net after tax income that amounted $5.30 for the year 2007 versus $3.9 for the year 2006. The general manager Atieh Al-Shananeir assured that the results are the conclusion of the distinguished executive management efforts through implanting the strategies and developing the qualifications of managing the assets and liabilities and preserving the standard growth rates of profit levels. And after discussing these results, the chief board of directors pointed out to the board"s approval to recommend to the general assembly to distribute %8 as stock dividends to the bank"s shareholders.