VOL. XLIII
No. 30
24-July-2000
BAHRAIN
Arab Banking Corporation Sees Profits Rise By 348% In 1999 With Reduced Global Exposure
Following the banks Annual General Meeting, Arab Banking Corporations (ABC) shareholders agreed to reinstate a 1999 dividend payment of $0.60 per share (6%) following a freeze the previous year. The decision reflects an upturn in performance for the bank the regions largest in terms of assets after a challenging 1998 marked by declining asset quality, notably due to...
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